Bank of Nova Scotia (The) (BNS) Getting Somewhat Favorable Press Coverage, Report Shows

News headlines about Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bank of Nova Scotia (The) earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.550369613951 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern’s rankings:

Shares of Bank of Nova Scotia (NYSE:BNS) traded down $0.05 during midday trading on Wednesday, hitting $65.29. 464,200 shares of the stock traded hands, compared to its average volume of 700,653. Bank of Nova Scotia has a one year low of $51.21 and a one year high of $65.99. The stock has a market cap of $78,150.00, a PE ratio of 13.34, a PEG ratio of 1.51 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings data on Tuesday, August 29th. The bank reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.38). Bank of Nova Scotia (The) had a net margin of 22.26% and a return on equity of 14.54%. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the firm earned $1.54 earnings per share. sell-side analysts forecast that Bank of Nova Scotia will post 5.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 3rd were issued a dividend of $0.6294 per share. This is a positive change from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, October 2nd. This represents a $2.52 annualized dividend and a dividend yield of 3.86%. Bank of Nova Scotia (The)’s payout ratio is presently 48.81%.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Bank of Nova Scotia (The) from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. Canaccord Genuity assumed coverage on shares of Bank of Nova Scotia (The) in a research note on Tuesday, July 18th. They issued a “buy” rating for the company. Citigroup Inc. raised shares of Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 20th. BidaskClub cut shares of Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $88.00 target price on shares of Bank of Nova Scotia (The) in a research note on Wednesday, August 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $83.20.

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About Bank of Nova Scotia (The)

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a 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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