News headlines about Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) have trended somewhat positive on Thursday, Alpha One Sentiment Analysis reports. The research firm, a service of Accern, identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bank of Nova Scotia earned a media sentiment score of 0.23 on Alpha One’s scale. Alpha One also gave media stories about the bank an impact score of 19 out of 100, indicating that recent news coverage is very unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Alpha One Sentiment’s analysis:
- Avoid These 3 Stocks That Fund Managers Are Selling – TheStreet.com (thestreet.com)
- Today is “Talk With Our Kids About Money” Day! (finance.yahoo.com)
- Charging into Earth Day: Scotiabank Announces 30 Electric Vehicle Charging Stations Across Ontario (finance.yahoo.com)
- Latest round of bank CEOs are playing salary catch up to predecessors, but gap is shrinking: report (business.financialpost.com)
- Brandon and Winnipeg Students set to provide Money Fair national showcase in celebration of ‘Talk With Our Kids About Money Day’ (finance.yahoo.com)
Bank of Nova Scotia (NYSE:BNS) traded up 0.62% during midday trading on Thursday, hitting $57.00. 897,080 shares of the stock traded hands. The firm has a market cap of $68.91 billion, a PE ratio of 12.95 and a beta of 1.30. Bank of Nova Scotia has a 52-week low of $47.29 and a 52-week high of $62.89. The stock has a 50-day moving average of $58.45 and a 200 day moving average of $57.03.
Bank of Nova Scotia (NYSE:BNS) last issued its quarterly earnings results on Tuesday, February 28th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.57 by $0.38. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.89 billion. Bank of Nova Scotia had a return on equity of 14.36% and a net margin of 20.78%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. Equities analysts forecast that Bank of Nova Scotia will post $4.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Tuesday, April 4th will be given a dividend of $0.5799 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Friday, March 31st. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.55. Bank of Nova Scotia’s dividend payout ratio is currently 50.11%.
A number of equities analysts recently weighed in on BNS shares. TD Securities lowered shares of Bank of Nova Scotia to a “buy” rating in a research report on Wednesday, March 1st. Zacks Investment Research upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Thursday, February 16th. Finally, CIBC upgraded shares of Bank of Nova Scotia from a “sector perform” rating to a “sector outperform” rating in a research report on Tuesday, March 7th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.60.
About Bank of Nova Scotia
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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