Revenue Update on Bank of Nova Scotia(NYSE:BNS)

Bank of Nova Scotia closed down -0.14 points or -0.26% at $52.86 with 7,02,296 shares getting traded on Monday. The company has experienced volume of 1.22M shares while on average the company has a capacity of trading 598,748.00 shares. Analyst had a consensus of $1.48.Analysts expectations of $ 6602.95.During the same quarter in the previous year, the company posted $1.45 EPS. Cormark also issued estimates for Bank of Nova Scotia’s Q4 2016 earnings at $1.12 EPS, Q1 2017 earnings at $1.19 EPS, Q2 2017 earnings at $1.18 EPS, Q3 2017 earnings at $1.28 EPS, Q4 2017 earnings at $1.29 EPS and FY2017 earnings at $4.94 EPS.

Other Hedge Funds, Including, State Of Tennessee Treasury Department boosted its stake in BNS in the latest quarter, The investment management firm added 196,389 additional shares and now holds a total of 1,738,845 shares of Bank of Nova Scotia which is valued at $89,602,683. The Bank’s Global Banking and Markets segment provides clients with corporate banking, investment banking and capital markets solutions.

Scotiabank (TSX:BNS) saw its third-quarter profit climb six per cent from a year ago to $1.96 billion on strong earnings from its Canadian and global banking businesses. Zacks Investment Research lowered shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, Canaccord Genuity upped their target price on shares of Bank of Nova Scotia from C$73.00 to C$75.00 and gave the company a “buy” rating in a research note on Wednesday. Macquarie Research downgraded the stock on June 9 to “Neutral” rating. The company has a 50 day moving average price of $66.56 and a 200 day moving average price of $63.63.

The quarterly performance stats for The Bank of Nova Scotia stands at 8.80% and the half-yearly performance is at 27.12%. The stock has a market cap of $83.61 billion and a P/E ratio of 12.49. Bank of Nova Scotia has a consensus rating of “Buy” and a consensus price target of C$71.43. About 3.03 million shares traded hands or 111.89% up from the average.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. This represents a $2.96 dividend on an annualized basis and a yield of 4.23%.

The Bank of Nova Scotia (the Bank) is a Canada-based diversified financial institution. The Bank offers range of advice, services and products, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.