Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) released its earnings results on Tuesday. The company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.06. Bank of Nova Scotia had a net margin of 20.84% and a return on equity of 14.04%. The firm earned $6.75 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same period last year, the business earned $1.45 earnings per share.

Shares of Bank of Nova Scotia (NYSE:BNS) traded up 1.74% on Tuesday, hitting $54.88. 1,852,752 shares of the stock traded hands. The stock has a 50 day moving average of $53.41 and a 200 day moving average of $51.72. The company has a market cap of $66.12 billion, a PE ratio of 13.12 and a beta of 1.29. Bank of Nova Scotia has a one year low of $35.01 and a one year high of $55.37.

Earnings History for Bank of Nova Scotia (NYSE:BNS)

Several equities analysts have recently issued reports on the stock. TD Securities upgraded shares of Bank of Nova Scotia to a “buy” rating in a report on Tuesday. Zacks Investment Research raised shares of Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Friday. Credit Suisse Group AG reissued a “neutral” rating on shares of Bank of Nova Scotia in a research report on Monday, November 14th. Bank of America Corp. initiated coverage on shares of Bank of Nova Scotia in a research report on Tuesday, November 1st. They set a “buy” rating for the company. Finally, Barclays PLC reissued a “hold” rating on shares of Bank of Nova Scotia in a research report on Thursday, October 27th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Bank of Nova Scotia currently has an average rating of “Buy” and an average target price of $68.09.

A number of large investors have recently bought and sold shares of BNS. Howland Capital Management LLC boosted its stake in Bank of Nova Scotia by 1.2% in the second quarter. Howland Capital Management LLC now owns 87,672 shares of the company’s stock worth $4,297,000 after buying an additional 1,040 shares during the last quarter. British Columbia Investment Management Corp boosted its stake in Bank of Nova Scotia by 1.0% in the second quarter. British Columbia Investment Management Corp now owns 185,019 shares of the company’s stock worth $6,982,000 after buying an additional 1,900 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in Bank of Nova Scotia by 1.9% in the second quarter. Gulf International Bank UK Ltd now owns 364,144 shares of the company’s stock worth $17,762,000 after buying an additional 6,800 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in Bank of Nova Scotia during the second quarter worth approximately $230,000. Finally, Trust Co. of Vermont boosted its stake in Bank of Nova Scotia by 4.9% in the second quarter. Trust Co. of Vermont now owns 29,273 shares of the company’s stock worth $1,435,000 after buying an additional 1,365 shares during the last quarter. 49.54% of the stock is owned by institutional investors.

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About Bank of Nova Scotia

The Bank of Nova Scotia (Scotiabank or the Bank) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The Company’s segments include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other.

5 Day Chart for NYSE:BNS

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