The Bank of Nova Scotia (NYSE: BNS) has reported E.P.S. of $1.43 for its third fiscal quarter (ending July 31) versus $1.72 for the same period a year ago. E.P.S. were $5.75 for the latest four quarters through July 31 versus $6.42 for the same period a year ago.
Recent Price Action
On 8/27/24, The Bank of Nova Scotia (NYSE: BNS) stock enjoyed a large increase of 2.8%, closing at $49.96. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 5.0% during the last week.
Current PriceTarget Research Rating
BNS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Bank of Nova Scotia has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Bank of Nova Scotia has a neutral Power Rating of 52 but a very high Appreciation Score of 98, producing 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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