Bank of Nova Scotia makes up approx 0.01% of Msi Financial Services Inc’s portfolio.
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Bank of Nova Scotia (BNS,BNS.TO), known as Scotiabank, reported Tuesday that its third-quarter net income attributable to equity holders of the Bank increased to C$1.897 billion from last year’s C$1.795 billion.
That works out to earnings of $1.54 per share, up from $1.45 past year.
Bank of Nova Scotia (TSE:BNS) traded up 1.60% on Tuesday, reaching $69.96.
After posting a six-percent increase in its fourth-quarter earnings, Canada’s third-largest lender by assets announced that it will increase its quarterly dividend by $0.02 per share to $0.74.
In revenue, the five banks earned a total of $35.37 billion, up from $31.30 billion during the same quarter a year ago. Post opening the session at $52.82, the shares hit an intraday low of $52.75 and an intraday high of $53.02 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red. But a 30 percent recovery in the price of oil during the latest quarter has alleviated some of those pressures. CIBC increased their price target on shares of Bank of Nova Scotia from C$61.00 to C$65.00 in a research note on Tuesday, May 17th. Macquarie cut shares of Bank of Nova Scotia from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 9th. Finally, Barclays PLC reissued an “equal weight” rating and set a $60.00 price objective (up previously from $55.00) on shares of Bank of Nova Scotia in a research report on Sunday, August 21st. The firm has a market cap of $63.75 billion and a price-to-earnings ratio of 12.18. Bank of Nova Scotia has a consensus rating of “Hold” and a consensus price target of $62.00. The Bank has four business lines: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management. The Bank offers 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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Bank of Montreal was the only other company among Canada’s five biggest banks to reduce its ranks in the third quarter, with 102 fewer employees since the end of April, according to financial statements.
