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Bank of Nova Scotia
Symbol BNS
Shares Issued 1,237,338,748
Close 2024-09-06 C$ 68.51
Market Cap C$ 84,770,077,625
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Globe says Bank of Nova Scotia maintained at "neutral"

2024-09-06 07:32 ET - In the News

The Globe and Mail reports in its Friday, Sept. 6, edition that wrapping up third quarter earnings season for Canadian banks, CIBC World Markets analyst Paul Holden raised his share target for Bank of Nova Scotia to $78 from $68. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $69.54. Mr. Holden has reaffirmed his "neutral" recommendation of Bank of Nova Scotia. Mr. Holden says in a note: "The big banks delivered more EPS beats than misses as credit losses increased less than expected for the majority of banks. We can't sound the all clear on credit risk just yet, with BMO being the obvious case in point, but we are less concerned about F2025 credit losses and associated EPS downside today than we were prior to reporting. We have not made any rating changes around the quarter, and National Bank of Canada, Toronto-Dominion Bank and EQB remain our outperformer-rated names." The Globe reported on March 8 that Mr. Holden continued to rate Scotiabank "neutral." The shares could then be had for $67.64. The Globe reported on Aug. 21 that Cormark Securities analyst Lemar Persaud rated Bank of Nova Scotia "market perform." Scotiabank shares could then be had for $64.74.

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