For its fourth fiscal quarter (ending October 31), The Bank of Nova Scotia (NYSE: BNS) has reported a 19% increase in E.P.S. from $1.03 a year ago to $1.23 in the current quarter. This performance was $0.10 better than the consensus estimate of $1.13. E.P.S. were $5.94 for the latest four quarters through October 31 versus $5.84 for the same period a year ago — an increase of 2%.
Recent Price Action
On 12/3/24, The Bank of Nova Scotia (NYSE: BNS) stock declined by -3.5%, closing at $54.78. Moreover, trading volume in this decline was unusually high at 154% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.0% during the last week.
Current PriceTarget Research Rating
Bank of Nova Scotia has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Bank of Nova Scotia has a slightly positive Power Rating of 69 and a very high Appreciation Score of 98, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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