Bank of Nova Scotia (BNS) PT Lowered to C$86.00

The stock's 50 day moving average is $78.78 and its 200 day moving average is $73.33.

Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) pulled back 2.79% after the company reported its Q1 2017 earnings results. Finally, Scotiabank reiterated an "outperform" rating and set a C$90.00 price target on shares of Bank of Nova Scotia in a report on Friday, February 3rd. They offer a diverse range of products and services including personal, commercial, corporate and investment banking. 5 Analysts reported that the Price Target for The Bank of Nova Scotia might touch $66.38 high while the Average Price Target and Low price Target is $64.11 and $61.26 respectively. This was up from C$6.37 billion past year. The Bank of Nova Scotia got Initiated on 1-Nov-16 where investment firm BofA/Merrill Initiated the stock to Buy.

Loan-loss provisions - or the amount of money set aside to cover soured loans - rose slightly to C$553 million from C$539 million a year earlier, which the bank attributed to higher provisions in its Canadian and global retail and commercial lending businesses.

Toronto-based Scotiabank, Canada's third-largest bank by assets, posted a net profit of 2.01 billion Canadian dollars ($1.52 billion) for the quarter ended January 31, up from C$1.81 billion a year earlier. The stock has a market capitalization of $94.66 billion and a PE ratio of 13.59. During the same period in the prior year, the company earned $1.45 EPS. Bank of Nova Scotia is a dividend-growth superstar, and I believe it's one of the cheaper banks in the Big Five after the recent post-earnings dip.

05/01/2015 - Bank of Nova Scotia (The) was upgraded to "hold" by analysts at Zacks.

Several institutional investors have recently modified their holdings of BNS. Bank of Nova Scotia also has a top-notch risk-management team, so a bit more risk for a lot more reward is a great trade-off. Jarislowsky Fraser Ltd now owns 36,212,738 shares of the company's stock worth $1,353,943,000 after buying an additional 19,238,416 shares in the last quarter.

On 12/2/2015 Bank of Nova Scotia (The) announced a quarterly dividend of $0.53 4.69% with an ex dividend date of 12/31/2015 which will be payable on 1/27/2016. Mackenzie Financial Corp raised its position in Bank of Nova Scotia (The) by 352.6% in the second quarter. FMR LLC now owns 11,908,430 shares of the company's stock worth $583,555,000 after buying an additional 3,980,450 shares in the last quarter.

03/06/2015 - Bank of Nova Scotia (The) had its "neutral" rating reiterated by analysts at Citigroup.

The company has the largest exposure to foreign markets of the Big Five, and the management team is focused on growing its Latin American segment, which includes Mexico.

The Bank's International Banking segment provides a range of financial products, solutions and advice to retail and commercial customers in select regions outside of Canada.

  • Lila Blake