BNS Q2 EPS Estimate Reduced by National Bank Financial

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Analysts at National Bank Financial dropped their Q2 2025 earnings per share estimates for Bank of Nova Scotia in a report issued on Thursday, May 15th. National Bank Financial analyst G. Dechaine now forecasts that the bank will post earnings of $1.14 per share for the quarter, down from their previous estimate of $1.19. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.91 per share.

BNS has been the topic of a number of other reports. Cibc World Mkts cut shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Bank of America downgraded shares of Bank of Nova Scotia from a “buy” rating to a “neutral” rating in a report on Monday, March 31st. Royal Bank of Canada lowered their price target on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 26th. Finally, CIBC restated a “neutral” rating on shares of Bank of Nova Scotia in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Hold” and a consensus target price of $81.00.

Bank of Nova Scotia Trading Down 0.2%

Shares of BNS stock opened at $51.63 on Monday. The stock has a market cap of $64.31 billion, a P/E ratio of 11.95, a P/E/G ratio of 1.16 and a beta of 1.11. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. Bank of Nova Scotia has a fifty-two week low of $43.68 and a fifty-two week high of $57.07. The business has a fifty day simple moving average of $48.45 and a 200-day simple moving average of $51.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BNS. Norges Bank acquired a new position in shares of Bank of Nova Scotia in the fourth quarter valued at approximately $690,746,000. Goldman Sachs Group Inc. boosted its position in Bank of Nova Scotia by 255.9% during the first quarter. Goldman Sachs Group Inc. now owns 10,174,780 shares of the bank’s stock worth $482,590,000 after acquiring an additional 7,315,915 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Bank of Nova Scotia by 141.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,364,411 shares of the bank’s stock worth $396,650,000 after acquiring an additional 4,894,754 shares during the period. Murchinson Ltd. acquired a new position in Bank of Nova Scotia in the 1st quarter valued at $203,953,000. Finally, Vanguard Group Inc. raised its holdings in Bank of Nova Scotia by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 53,184,171 shares of the bank’s stock valued at $2,521,621,000 after acquiring an additional 1,821,025 shares during the last quarter. 49.13% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Nova Scotia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were paid a $0.7415 dividend. This represents a $2.97 annualized dividend and a yield of 5.75%. The ex-dividend date was Tuesday, April 1st. Bank of Nova Scotia’s payout ratio is 83.05%.

Bank of Nova Scotia 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 through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.