What is Cormark’s Estimate for TSE:BNS FY2025 Earnings?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Cormark upped their FY2025 earnings per share (EPS) estimates for shares of Bank of Nova Scotia in a research note issued on Monday, November 25th. Cormark analyst L. Persaud now expects that the bank will post earnings per share of $7.06 for the year, up from their previous forecast of $6.93. Cormark currently has a “Market Perform” rating and a $65.00 target price on the stock. 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 $8.02 EPS.

Other equities analysts also recently issued reports about the stock. National Bankshares boosted their target price on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a report on Wednesday, November 20th. Barclays upgraded shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 21st. CIBC raised shares of Bank of Nova Scotia from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$78.00 to C$82.00 in a report on Friday, September 20th. Jefferies Financial Group lifted their price target on Bank of Nova Scotia from C$65.00 to C$69.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Finally, TD Securities upped their price objective on Bank of Nova Scotia from C$80.00 to C$82.00 in a research note on Friday, November 15th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.82.

Bank of Nova Scotia Stock Up 0.1 %

Shares of Bank of Nova Scotia stock opened at C$78.99 on Tuesday. The stock has a market cap of C$97.95 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 12-month low of C$56.83 and a 12-month high of C$79.38. The business’s 50 day moving average is C$73.64 and its 200-day moving average is C$67.72.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, August 27th. The bank reported C$1.63 EPS for the quarter, meeting the consensus estimate of C$1.63. The firm had revenue of C$8.36 billion during the quarter, compared to analysts’ expectations of C$8.50 billion. Bank of Nova Scotia had a return on equity of 9.49% and a net margin of 25.38%.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd were given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Wednesday, October 2nd. Bank of Nova Scotia’s payout ratio is 74.26%.

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.