Bank of America – The Bank of Nova Scotia (BNS) Scheduled to Submit Quarterly Earnings on Tuesday
The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) will announce its earnings outcomes earlier than the market opens on Tuesday, December 1st. Analysts count on the corporate to announce earnings of $0.94 per share for the quarter. Traders that want to hearken to the corporate’s convention name can achieve this utilizing this hyperlink.
The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) final issued its quarterly earnings outcomes on Tuesday, August 25th. The bank reported $1.04 earnings per share for the quarter, lacking the Zacks’ consensus estimate of $1.11 by ($0.07). The corporate had income of $7.73 billion in the course of the quarter, in comparison with analysts’ expectations of $7.93 billion. The Bank of Nova Scotia had a internet margin of 15.72% and a return on fairness of 11.11%. The corporate’s quarterly income was up 1.0% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the enterprise posted $1.88 earnings per share. On common, analysts count on The Bank of Nova Scotia to submit $four EPS for the present fiscal yr and $5 EPS for the following fiscal yr.
Shares of The Bank of Nova Scotia stock opened at $48.84 on Tuesday. The agency has a market capitalization of $59.17 billion, a PE ratio of 11.68, a P/E/G ratio of two.01 and a beta of 0.91. The Bank of Nova Scotia has a twelve month low of $31.94 and a twelve month excessive of $57.27. The agency’s 50-day transferring common price is $43.91 and its 200 day transferring common price is $42.00. The corporate has a present ratio of 1.04, a fast ratio of 1.04 and a debt-to-equity ratio of 0.38.
The enterprise additionally lately declared a quarterly dividend, which was paid on Wednesday, October 28th. Traders of document on Tuesday, October sixth had been paid a $0.6814 dividend. The ex-dividend date was Monday, October fifth. This can be a constructive change from The Bank of Nova Scotia’s earlier quarterly dividend of $0.66. This represents a $2.73 dividend on an annualized foundation and a yield of 5.58%. The Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 50.28%.
Numerous analysis analysts lately weighed in on BNS shares. Credit score Suisse Group decreased their price goal on shares of The Bank of Nova Scotia from $56.00 to $55.00 and set a “impartial” score on the stock in a analysis observe on Wednesday, August 26th. Bank of America upgraded shares of The Bank of Nova Scotia from a “impartial” score to a “purchase” score and set a $68.00 price goal for the corporate in a report on Tuesday, October sixth. ValuEngine upgraded shares of The Bank of Nova Scotia from a “promote” score to a “maintain” score in a report on Tuesday, November third. Canaccord Genuity reiterated a “maintain” score and issued a $60.50 price goal on shares of The Bank of Nova Scotia in a report on Wednesday, August 19th. Lastly, Barclays elevated their price goal on shares of The Bank of Nova Scotia from $53.00 to $54.00 and gave the corporate an “underweight” score in a report on Thursday, November 12th. One equities analysis analyst has rated the stock with a promote score, seven have issued a maintain score and 4 have assigned a purchase score to the corporate’s stock. The stock presently has a consensus score of “Maintain” and a consensus goal price of $62.32.
About The Bank of Nova Scotia
The Bank of Nova Scotia gives numerous banking services in Canada, the US, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates by means of Canadian Banking, Worldwide Banking, World Banking and Markets, and World Wealth Administration segments.
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7 Housing Sector Stocks That May Be Able to Explode
In one of many strongest economies our nation has ever recognized, housing stocks ought to have been going by means of the roof. However it took the Federal Reserve virtually giving cash away for homebuyers to get their urge for food again.
After which even with mortgage charges at historic lows, the novel coronavirus got here on the scene and ruined the social gathering once more. Home shopping for and residential constructing got here to a halt. A few of which was merely as a result of the truth that Individuals had been staying inside.
One of many intently watched indicators of the well being of the housing market is the Nationwide Affiliation of Home Builders (NAHB) Housing Market Index (HMI). In March, previous to the nationwide mitigation efforts, the HMI had climbed to 72. For reference functions, a impartial studying is 50.
Though not sudden, April confirmed simply how far demand had fallen. The HMI plunged 42 points to 30. Issues obtained barely higher in May because the index climbed to 37.
However that may be altering. In June, the HMI posted a greater than anticipated 56.8%. After hitting 37 in May, this marked the Index’s largest month-to-month achieve ever. And never surprisingly some lagging housing stocks obtained a much-needed soar begin. Homebuilder stocks specifically have been on the rise in latest months.
That will help you capitalize on what seems like an rising pattern for the remainder of the yr, we’ve put collectively this particular presentation.
View the “7 Housing Sector Stocks That May Be Able to Explode”.
Bank of America – The Bank of Nova Scotia (BNS) Scheduled to Submit Quarterly Earnings on Tuesday
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