Q3 2017 Revenue Forecast for Bank of Nova Scotia (BNS) Issued By Desjardins

Q3 2017 Revenue Forecast for Bank of Nova Scotia (BNS) Issued By Desjardins

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities researchers at Desjardins lowered their Q3 2017 earnings estimates for shares of Bank of Nova Scotia in a report issued on Tuesday. Desjardins analyst D. Young now forecasts that the bank will post earnings per share of $1.63 for the quarter, down from their previous forecast of $1.65. Desjardins has a “Buy” rating and a $86.00 price target on the stock. Desjardins also issued estimates for Bank of Nova Scotia’s Q4 2017 earnings at $1.64 EPS.

BNS has been the topic of a number of other reports. Scotiabank reissued an “outperform” rating and issued a C$90.00 target price on shares of Bank of Nova Scotia in a research note on Friday, February 3rd. Barclays PLC upgraded shares of Bank of Nova Scotia from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 23rd. National Bank Financial restated an “outperform” rating on shares of Bank of Nova Scotia in a report on Monday, February 20th. TD Securities downgraded shares of Bank of Nova Scotia from an “action list buy” rating to a “buy” rating and set a C$88.00 price target for the company. in a report on Wednesday, March 1st. Finally, Royal Bank of Canada cut their price target on shares of Bank of Nova Scotia from C$87.00 to C$86.00 and set an “outperform” rating for the company in a report on Wednesday, March 1st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Bank of Nova Scotia currently has an average rating of “Buy” and an average target price of C$84.00.

Bank of Nova Scotia (TSE:BNS) opened at 76.70 on Wednesday. The stock has a 50 day moving average price of $76.13 and a 200-day moving average price of $76.92. The stock has a market cap of $92.67 billion and a PE ratio of 12.19. Bank of Nova Scotia has a 1-year low of $62.36 and a 1-year high of $82.30.

Bank of Nova Scotia (TSE:BNS) last released its earnings results on Tuesday, May 30th. The bank reported $1.63 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.07. The firm had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.61 billion.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Tuesday, July 4th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.96%.

In related news, insider Kyle Mcnamara sold 4,280 shares of Bank of Nova Scotia stock in a transaction that occurred on Thursday, April 6th. The shares were sold at an average price of C$78.75, for a total value of C$337,050.00. Also, insider Andrew Branion sold 10,252 shares of Bank of Nova Scotia stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of C$78.66, for a total transaction of C$806,422.32. Insiders have sold a total of 54,532 shares of company stock valued at $4,352,272 in the last 90 days.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:BNS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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