The Manufacturers Life Insurance Company acquired a new position in Bank of Nova Scotia (The) during the third quarter worth approximately $363,773,000.
BNS has been the subject of a number of other research reports.
08/31/2016 - Bank of Nova Scotia (The) had its "outperform" rating reiterated by analysts at RBC Capital.
The Toronto-based bank said it had earnings of $1.18 per share. Allianz Asset Management AG now owns 750,625 shares of the company's stock valued at $41,846,000 after buying an additional 61,164 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in Bank of Nova Scotia (The) during the second quarter worth approximately $148,627,000.
The Relative Volume of the company is 1.73 and Average Volume (3 months) is 623.5 million. Its stock fell 2.2 percent.
Several institutional investors have recently modified their holdings of BNS.
Bank of Nova Scotia (TSE:BNS) opened at 78.75 on Wednesday.
BMO said it plans to buy back 15 million of common shares, the equivalent of 2.3 percent of its publicly traded stock, due to its stronger capital position. The firm has a 50-day moving average price of $60.01 and a 200 day moving average price of $55.50. Bank of Nova Scotia has a 52-week low of $53.73 and a 52-week high of $82.30. The company has a market cap of $74.05 billion, a price-to-earnings ratio of 13.92 and a beta of 1.30.
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On a per-share basis, adjusted earnings climbed to C$1.57 from C$1.43, meeting expectations of analysts polled by Thomson Reuters. The firm earned $6.75 billion during the quarter.
The bank, which bills itself as Canada's most worldwide bank, also said its Canadian and global banking businesses saw notable improvements in the quarter amid higher net interest margins and wealth management revenues. Desjardins lifted their target price on shares of Bank of Nova Scotia from C$80.00 to C$81.00 in a research note on Wednesday, December 21st.
Scotiabank increased its dividend by 3%, or 2 Canadian cents a share, to 76 Canadian cents a share in the first quarter, the bank said. The difference between the expected and actual EPS was $0.05/share, which represents an Earnings surprise of 4.3%.
11/23/2015 - Bank of Nova Scotia (The) had its "market perform" rating reiterated by analysts at Keefe, Bruyette & Woods. TD Securities upgraded shares of Bank of Nova Scotia (The) to a "buy" rating in a research report on Tuesday, November 29th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company.
The Bank of Nova Scotia (Scotiabank or the Bank) is an worldwide bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia.
In the first quarter, BMO benefited from particularly strong performances from its Canadian retail, wealth management and capital markets businesses.
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