Stocks of The Bank of Nova Scotia (NYSE:BNS) traded higher last session on Wall Street, down -2.93% to $47.36.
BNS stock price is now -3.91% away from the 50-day moving average and -5.47% away from the 200-day moving average. The market capitalization of the company currently stands at $55.64B.
Insiders disposed of 1,636,828 shares of company stock worth roughly $77.52 million over the past 1 year. 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 SUSQUEHANNA INTERNATIONAL GROUP, LLP during the first quarter worth $32,545,000. QV INVESTORS INC. invested $26,095,000 in shares of BNS during the first quarter. In the first quarter, TWIN TREE MANAGEMENT, LP acquired a new stake in The Bank of Nova Scotia valued at approximately $22,153,000. UTAH RETIREMENT SYSTEMS acquired a new stake in BNS for approximately $6,996,000. WESTPAC BANKING CORP purchased a new stake in BNS valued at around $6,675,000 in the second quarter. In total, there are 762 active investors with 65.50% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $48.30 for The Bank of Nova Scotia (NYSE: BNS). During the past 12 months, The Bank of Nova Scotia has had a low of $45.26 and a high of $63.75. The fifty day moving average price for BNS is $49.24 and a two-hundred day moving average price translates $50.07 for the stock.
The latest earnings results from The Bank of Nova Scotia (NYSE: BNS) was released for Apr, 2023. According to the Banks – Diversified Company, earnings per share came in at $1.29, missing analysts’ expectations of $1.34 by -0.05. This compares to $1.71 EPS in the same period last year. The net profit margin was 17.30% and return on equity was 12.20% for BNS. The company reported revenue of $10.44 billion for the quarter, compared to $5.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 86.36 percent. For the current quarter, analysts expect BNS to generate $6.26B in revenue.
In terms of dividend payout ratio, BNS is presently at 80.30%.
The Bank of Nova Scotia(BNS) Company Profile
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 in 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 Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.
