Feb 28 Bank of Nova Scotia, Canada's third-biggest lender, reported improved first-quarter earnings that were just ahead of expectations, benefiting from a strong performance in the Pacific Alliance trade bloc. The stock now has a consensus rating of "Buy" and an average price target of C$81.86. Renaissance Technologies LLC owned approximately 0.06% of Bank of Nova Scotia (The) worth $37,305,000 at the end of the most recent reporting period. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.58%. The Bank of Nova Scotia P/E (price to earnings) ratio is 13.85 and Forward P/E ratio of 11.65. The 52-week high of Bank of Nova Scotia (The) (NYSE:BNS) is $62.89 and the 52-week low is $39.72.
Other equities analysts also recently issued reports about the company. Bank of Nova Scotia (The)'s payout ratio is 50.11%. The Bank of Nova Scotia got Initiated on 1-Nov-16 where investment firm BofA/Merrill Initiated the stock to Buy. National Bank Financial reissued an "outperform" rating on shares of Bank of Nova Scotia in a research report on Monday, February 20th.
Chief Executive Brian Porter said during a conference call Tuesday morning that the bank "delivered strong results in the beginning of the year and we expect this momentum to continue for the rest of the year".
The Relative Volume of the company is 1.73 and Average Volume (3 months) is 623.5 million.
While looking at the Stock's Performance, The Bank of Nova Scotia now shows a Weekly Performance of -2.42%, where Monthly Performance is 1.58%, Quarterly performance is 14.38%, 6 Months performance is 16.83% and yearly performance percentage is 59.25%.
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Bank of Montreal had the biggest beat, with adjusted profit of C$2.28 a share, topping the C$1.87 average estimate of 16 analysts surveyed by Bloomberg. The ex-dividend date is Thursday, December 29th. Allianz Asset Management AG boosted its stake in Bank of Nova Scotia (The) by 8.9% in the fourth quarter.
08/31/2016 - Bank of Nova Scotia (The) had its "outperform" rating reiterated by analysts at Scotiabank. They now have a United States dollars 68 price target on the stock. Finally, Emerald Acquisition Ltd. acquired a new position in Bank of Nova Scotia (The) during the second quarter worth approximately $148,627,000. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock.
The Bank of Nova Scotia (Scotiabank or the Bank) is an global bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/03/02/bank-of-nova-scotia-bns-forecasted-to-post-q2-2017-earnings-of-1-59-per-share.html.
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