Desjardins Comments on Bank of Nova Scotia’s Q1 2018 Earnings (BNS)
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Stock analysts at Desjardins dropped their Q1 2018 earnings estimates for Bank of Nova Scotia in a research note issued on Monday. Desjardins analyst D. Young now expects that the bank will post earnings per share of $1.64 for the quarter, down from their prior forecast of $1.71. Desjardins also issued estimates for Bank of Nova Scotia’s Q4 2018 earnings at $1.74 EPS and FY2018 earnings at $6.77 EPS.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, November 28th. The bank reported C$1.65 EPS for the quarter, missing the consensus estimate of C$1.68 by C($0.03). The company had revenue of C$6.81 billion during the quarter, compared to the consensus estimate of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.64% and a net margin of 30.39%. During the same period in the prior year, the firm posted $1.58 EPS.
Shares of Bank of Nova Scotia (TSE BNS) opened at C$76.87 on Tuesday. The company has a market cap of $92,210.00, a PE ratio of 11.84 and a beta of 0.86. Bank of Nova Scotia has a 12-month low of C$73.31 and a 12-month high of C$85.50.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $3.16 annualized dividend and a yield of 4.11%. Bank of Nova Scotia’s dividend payout ratio is currently 47.00%.
In related news, insider Barbara Frances Mason sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total transaction of C$1,652,000.00.
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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.
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