In yesterday’s Wall Street session, The Bank of Nova Scotia (NYSE:BNS) shares traded at $51.65, up 0.33% from the previous session.
As of this writing, 6 analysts cover The Bank of Nova Scotia (NYSE:BNS). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $52.00 and a low of $47.59, we find $49.80. Given the previous closing price of $51.48, this indicates a potential downside of -3.26 percent. BNS stock price is now -0.39% away from the 50-day moving average and -5.55% away from the 200-day moving average. The market capitalization of the company currently stands at $60.47B.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
There are 4 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $49.80 as their price target over the next twelve months.
, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’.
A total of 0.03% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BNS stock. A new stake in The Bank of Nova Scotia shares was purchased by TRIASIMA PORTFOLIO MANAGEMENT INC. during the first quarter worth $34,645,000. K2 PRINCIPAL FUND, L.P. invested $20,466,000 in shares of BNS during the first quarter. In the first quarter, AGF MANAGEMENT LTD acquired a new stake in The Bank of Nova Scotia valued at approximately $9,014,000. BALYASNY ASSET MANAGEMENT LLC acquired a new stake in BNS for approximately $7,258,000. INVESTMENT MANAGEMENT CORP OF ONTARIO purchased a new stake in BNS valued at around $6,351,000 in the second quarter. In total, there are 775 active investors with 65.50% ownership of the company’s stock.
Monday morning saw The Bank of Nova Scotia (NYSE: BNS) opened at $51.50. During the past 12 months, The Bank of Nova Scotia has had a low of $45.26 and a high of $74.82. The fifty day moving average price for BNS is $51.85 and a two-hundred day moving average price translates $54.69 for the stock.
The latest earnings results from The Bank of Nova Scotia (NYSE: BNS) was released for Oct, 2022. According to the Banks – Diversified Company, earnings per share came in at $1.55, beating analysts’ expectations of $1.49 by 0.06. This compares to $1.69 EPS in the same period last year. The net profit margin was 21.60% and return on equity was 13.30% for BNS. The company reported revenue of $9.77 billion for the quarter, compared to $5.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 91.51 percent. For the current quarter, analysts expect BNS to generate $6.19B in revenue.
In terms of dividend payout ratio, BNS is presently at 30.40%.
The Bank of Nova Scotia(BNS) Company Profile
The Bank of Nova Scotia engages in the provision of various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses, including automotive financing solutions to dealers and their customers. It also provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides online, mobile, and telephone banking services. The company operates a network of 941 branches and approximately 3,725 automated banking machines in Canada; and approximately 1,200 branches and a network of contact and support center internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.
Leave a Reply