Cormark Predicts Reduced Earnings for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities researchers at Cormark dropped their FY2025 earnings estimates for shares of Bank of Nova Scotia in a note issued to investors on Wednesday, February 26th. Cormark analyst L. Persaud now anticipates that the bank will post earnings per share of $6.93 for the year, down from their previous estimate of $6.96. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.13 per share. Cormark also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $7.96 EPS.

Several other analysts also recently commented on BNS. Jefferies Financial Group reduced their price objective on Bank of Nova Scotia from C$81.00 to C$77.00 in a research note on Tuesday, February 18th. TD Securities cut their price target on Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Accountability Research set a C$82.00 price target on Bank of Nova Scotia and gave the stock a “buy” rating in a report on Thursday, January 9th. Royal Bank of Canada dropped their price objective on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, Cibc World Mkts downgraded shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$78.17.

Bank of Nova Scotia Stock Performance

Shares of BNS opened at C$71.72 on Thursday. Bank of Nova Scotia has a fifty-two week low of C$60.68 and a fifty-two week high of C$80.14. The firm has a 50-day simple moving average of C$74.25 and a 200-day simple moving average of C$72.93. The company has a market capitalization of C$87.89 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio is currently 67.00%.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.