The Bank Of Nova Scotia Bottom Line Advances 32% In Q2
- Author: Zachary Reyes May 30, 2017,
May 30, 2017, 22:46
Bank of Nova Scotia (BNS) has $68.15 billion valuation.
BNS has been the topic of several other reports. Its down 1.13% from 1.02 million shares previously. Jarislowsky Fraser Ltd now owns 16,978,513 shares of the bank's stock worth $946,507,000 after buying an additional 49,481 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in Bank of Nova Scotia by 21.8% in the first quarter.
The financials group slipped 0.2 percent as small but influential dips in most bank shares offset Scotiabank's 0.6-percent rise to C$76.61. Great West Life Assurance Co.
The bank also said it would repurchase up to 24 million of its shares, or about 2% of total shares outstanding. The stock has a market capitalization of $91.78 billion and a PE ratio of 12.85.
The stock of Bank of Nova Scotia (BNS) formed H&S with $52.45 target or 7.00 % below today's $56.40 share price. About 300 shares traded. The Bank Of Nova Scotia has $77 highest and $61 lowest target. The company's 50-day moving average is $56.28 and its 200 day moving average is $57.50. Scotiabank, which has the biggest foreign presence of any Canadian bank, reported second quarter results that beat analyst expectations, helped in part by its global business. The institutional investor held 2.29 million shares of the major banks company at the end of 2016Q4, valued at $127.70 million, up from 1.80M at the end of the previous reported quarter. Bank of Nova Scotia had a return on equity of 14.36% and a net margin of 20.78%.
The company said revenue for the quarter fell 0.2% to C$6.58 billion. -Earnings Growth (Y-o-Y): 32.2% -EPS (Q2): C$1.62 vs. C$1.23 a year ago.
On a per-share basis, earnings climbed to C$1.62 from C$1.23.
TRADEMARK VIOLATION WARNING: This report was published by Markets Daily and is the property of of Markets Daily. If you are reading this story on another domain, it was stolen and reposted in violation of United States & worldwide copyright law. The legal version of this story can be read at https://www.chaffeybreeze.com/2017/05/28/bank-of-nova-scotia-bns-expected-to-earn-fy2017-earnings-of-6-48-per-share-updated.html. But the real reason Bank of Nova Scotia stands out is because it has a high chance of being able to continue to pay this for years to come, something that is quite desirable if you are looking to create an income portfolio. The firm earned "Outperform" rating on Monday, August 31 by RBC Capital Markets. TD Securities lowered shares of Bank of Nova Scotia to a "buy" rating in a report on Wednesday, March 1st. As per Tuesday, May 23, the company rating was upgraded by Barclays Capital.
Among 3 analysts covering Inscape Corp (TSE:INQ), 1 have Buy rating, 1 Sell and 1 Hold.
The Bank of Nova Scotia provides various personal, commercial, corporate, and investment banking services in Canada and internationally and has a market cap of $67.83 Billion.