Extremely significant positive changes in The Bank of Nova Scotia (NYSE: BNS) investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent notable positive changes in fundamentals have benefitted The Bank of Nova Scotia (NYSE: BNS): significant quarterly earnings acceleration occurred, and the consensus estimate for October, 2025 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 57 but a very high Appreciation Score of 97, and the Highest Value Trend Rating results.
Recent Price Action
The Bank of Nova Scotia (NYSE: BNS) stock closed at $51.76 on 9/11/24 after a modest gain of 0.6%. This advance was accompanied by normal trading volume. The stock has risen 3.5% during the last week and has performed in line with the market over the last nine months.
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