Press coverage about Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bank of Nova Scotia (The) earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.1648126447704 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- iA Financial Group Completes the Acquisition of HollisWealth from Scotiabank (finance.yahoo.com)
- Scotiabank mourns the loss of Jack Rabinovitch, founder of Giller Prize (finance.yahoo.com)
- Shares Seesawing on Volume: Bank of Nova Scotia (BNS) – Stock Press Daily (stockpressdaily.com)
- Bank of Nova Scotia (BNS.TO) Needle Moving 0.18% – Evergreen Caller (evergreencaller.com)
- Bank of Nova Scotia (BNS) Given Consensus Rating of “Buy” by Brokerages (elcumanes.com)
Bank of Nova Scotia (BNS) traded down 0.36% during midday trading on Wednesday, reaching $61.41. 427,633 shares of the company’s stock were exchanged. The company has a market cap of $73.81 billion, a P/E ratio of 12.30 and a beta of 1.26. Bank of Nova Scotia has a 12 month low of $50.43 and a 12 month high of $63.07. The company has a 50 day moving average price of $61.15 and a 200 day moving average price of $58.94.
Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last posted its quarterly earnings data on Tuesday, May 30th. The bank reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.08. The firm had revenue of $6.58 billion for the quarter, compared to analysts’ expectations of $6.73 billion. Bank of Nova Scotia (The) had a return on equity of 14.45% and a net margin of 22.17%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $1.46 EPS. On average, equities analysts anticipate that Bank of Nova Scotia will post $5.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Tuesday, July 4th were given a dividend of $0.5635 per share. This represents a $2.25 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, June 29th. Bank of Nova Scotia (The)’s payout ratio is 46.97%.
Bank of Nova Scotia (The) declared that its board has authorized a stock repurchase program on Tuesday, May 30th that permits the company to buyback 24,000,000 outstanding shares. This buyback authorization permits the bank to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts recently weighed in on BNS shares. Zacks Investment Research raised shares of Bank of Nova Scotia (The) from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub cut shares of Bank of Nova Scotia (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Barclays PLC raised shares of Bank of Nova Scotia (The) from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 23rd. Bank of America Corporation increased their price objective on shares of Bank of Nova Scotia (The) from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Bank of Nova Scotia (The) in a report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $74.67.
About Bank of Nova Scotia (The)
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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