Bank of Nova Scotia (The) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, November 29th.
The bank reported net interest income of C$3.64 billion, up 3.5% from a year ago, and non-interest income of C$3.23 billion, up 13%. Royal Bank Of Canada lifted their target price on Bank of Nova Scotia from C$78.00 to C$87.00 in a report on Monday, January 30th. Overall, those are good results, but they're nothing incredible like what its peers recently delivered, so that's why the stock is retreating.
While looking at the Stock's Performance, The Bank of Nova Scotia now shows a Weekly Performance of -2.42%, where Monthly Performance is 1.58%, Quarterly performance is 14.38%, 6 Months performance is 16.83% and yearly performance percentage is 59.25%. For the next 5 years, The Bank of Nova Scotia is expecting Growth of 4.87% per annum, whereas in the past 5 years the growth was 5.71% per annum. They now have a United States dollars 76 price target on the stock.
Bank of Nova Scotia's worldwide growth initiatives will definitely provide a huge boost to earnings over the long run. They now have a Dollars 70 price target on the stock. The company now has an average rating of "Buy" and an average price target of C$82.50. They now have a Dollars 73 price target on the stock. They now have a United States dollars 75 price target on the stock. They now have a Dollars 77 price target on the stock.
3/1/2017-TD Securities was Downgraded by analysts at TD Securities from a "Buy" rating to a " rating. They now have a United States dollars 74 price target on the stock. Bank of Nova Scotia (The) had a net margin of 20.78% and a return on equity of 14.36%.
11/14/2016-Credit Suisse Group Reiterated Rating of Neutral. They now have a Dollars 63 price target on the stock.
10/27/2016-Barclays PLC Reiterated Rating of Hold. They now have a United States dollars 66 price target on the stock. Finally, Emerald Acquisition Ltd. acquired a new position in Bank of Nova Scotia (The) during the second quarter worth approximately $148,627,000. The stock's 50 day moving average is $78.78 and its 200 day moving average is $73.33. The stock's market capitalization is 73.65B, it has a 52-week low of 41.43 and a 52-week high of 62.89. The company's earnings were in line with analyst expectations, but many thought the results were disappointing considering Bank of Nova Scotia's peers in the Big Five reported estimate-crushing results.
According to Zacks, "Bank of Nova Scotia is one of North America's premier financial institutions and Canada's most global bank". The Bank offers range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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.