Press coverage about Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bank of Nova Scotia (The) earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.0072097904007 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Brokers Offer Predictions for Bank of Nova Scotia (The)’s FY2019 Earnings (BNS) (americanbankingnews.com)
- Bank of Nova Scotia (The) (BNS) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- What’s Next For the Scotiabank Giller Prize (thekit.ca)
- Canadians across the country supporting literacy through the Scotiabank Giller Light Bash (globenewswire.com)
- Canada’s Top 10 Dividend Stocks to Buy Now – TheStreet.com (realmoney.thestreet.com)
Bank of Nova Scotia (NYSE:BNS) traded up $0.05 during mid-day trading on Monday, hitting $66.31. 270,434 shares of the stock traded hands, compared to its average volume of 696,366. The company has a market capitalization of $79,450.00, a P/E ratio of 13.52, a P/E/G ratio of 1.54 and a beta of 1.27. Bank of Nova Scotia has a 12-month low of $52.87 and a 12-month high of $66.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07.
Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last released its quarterly earnings results on Tuesday, August 29th. The bank reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.38). The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Bank of Nova Scotia (The) had a net margin of 22.26% and a return on equity of 14.54%. During the same period in the previous year, the business posted $1.54 EPS. sell-side analysts expect that Bank of Nova Scotia will post 5.22 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Tuesday, October 3rd were paid a dividend of $0.6294 per share. The ex-dividend date was Monday, October 2nd. This represents a $2.52 annualized dividend and a dividend yield of 3.80%. This is an increase from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. Bank of Nova Scotia (The)’s dividend payout ratio (DPR) is presently 48.91%.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Macquarie assumed coverage on shares of Bank of Nova Scotia (The) in a research note on Tuesday, October 24th. They issued an “outperform” rating for the company. Citigroup Inc. raised shares of Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 20th. Scotiabank reissued a “buy” rating and issued a $88.00 price objective on shares of Bank of Nova Scotia (The) in a research note on Wednesday, August 30th. Finally, Canaccord Genuity set a $87.00 price objective on shares of Bank of Nova Scotia (The) and gave the company a “buy” rating in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. Bank of Nova Scotia (The) has an average rating of “Buy” and a consensus price target of $83.20.
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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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