Ultime notizie per Bank of Nova Scotia (NYSE:BNS) Azioni

Bank of Nova Scotia

Bank of Nova Scotia is a global financial services provider with over CAD 1.4 trillion in assets. The bank has four major business segments: Canadian banking, international banking, global wealth management, and global banking and markets. It 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. The bank's international operations span numerous countries and are more concentrated in the Latin America region.

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares

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Bank of Nova Scotia FXDFR PRF PERPETUAL CAD 25 - Ser 40 (NVCC)

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Shares of banks and financial services companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

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Shares of banking companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

RBC Capital analyst Darko Mihelic maintains Bank of Nova Scotia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNS#NYSE">BNS</a>) with a Sector Perform and lowers the price target from $83 to $81.

News

Price Target

Analyst Ratings

RBC Capital Maintains Sector Perform on Bank of Nova Scotia, Lowers Price Target to $81

Bank of Nova Scotia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNS#NYSE">BNS</a>) reported quarterly earnings of C$1.76 per share which beat the analyst consensus estimate of C$1.65 by 6.67 percent. This is a 4.14 percent increase over earnings of C$1.69 per share from the same period last year. The company reported quarterly sales of C$9.37 billion which beat the analyst consensus estimate of C$8.86 billion by 5.81 percent. This is a 11.13 percent increase over sales of C$8.43 billion the same period last year.

Earnings

Earnings Beats

Bank of Nova Scotia Q1 2025 Adj EPS C$1.76 Beats C$1.65 Estimate, Sales C$9.37B Beat C$8.86B Estimate

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Earnings Scheduled For February 25, 2025

CIBC analyst Paul Holden downgrades Bank of Nova Scotia (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BNS#TSX">BNS</a>) from Outperformer to Neutral and lowers the price target from C$84 to C$81.

Downgrades

TSX:BNS

CIBC Downgrades Bank of Nova Scotia to Neutral, Lowers Price Target to C$81

SHOP

Shares of US-listed Canadian companies are trading higher after the US paused tariffs on Canada.

Shares of US-listed Canadian companies are trading lower following US tariffs.

<ul>
<li>Transfer of Colombia, Costa Rica and Panama businesses to Davivienda will create a bank with greater scale in each market.</li>
<li>Scotiabank to receive an approximate 20% ownership stake in Davivienda on a pro forma basis.</li>
<li>With this agreement, Scotiabank continues to execute against its five-year plan to improve profitability across its International Banking markets.</li>
<li>This transaction is capital neutral overall with potential upside to earnings in future years, while significantly reducing operational complexity.</li>
</ul>
TORONTO, Jan. 6, 2025 /CNW/ - Scotiabank announced today it has entered into an agreement with Davivienda to transfer Scotiabank's banking operations in Colombia, Costa Rica and Panama to Davivienda. As part of the transaction, Mercantil Colpatria will sell its interest in Scotiabank Colpatria in Colombia.
Transaction Highlights: Subject to the receipt of regulatory approvals in the relevant jurisdictions, the completion of the transaction is expected to occur in approximately 12 months from signing.
Scotiabank will receive a combination of newly issued common and preferred shares reflecting an approximate 20% equity ownership stake in the newly combined entity. As part of the agreement, Scotiabank will have the right to designate individual(s) to serve on the Board of Directors of Davivienda's combined operations commensurate with its ownership stake.
Scotiabank's operations that are part of this transaction will now be considered held for sale for accounting purposes, and an after-tax impairment loss of approximately CAD$1.4 billion will be recognized in the first quarter of 2025. This is expected to reduce Scotiabank's Common Equity Tier 1 ("CET1") ratio by approximately 10-15 basis points. In addition, there may be changes to the loss up to closing from changes in the value of the shares received and carrying value of the assets being sold.
We estimate that additional losses of approximately CAD$0.3 billion will be recorded on closing primarily relating to cumulative foreign currency translation losses.
At closing, Scotiabank's investment in Davivienda will be recorded as an investment in associate for accounting purposes. The CET1 ratio is expected to benefit an approximate 10-15 basis points, primarily from the reduction in risk-weighted assets.

Global

Scotiabank Enters Into An Agreement To Transfer Banking Operations In Colombia, Costa Rica And Panama To Davivienda In Exchange For An ~20% Ownership Stake In The Combined Banking Operations

The Board of Governors of the Federal Reserve System (the "Federal Reserve") approved the approximately 10% remaining investment by Scotiabank, which is expected to close in 2024.&nbsp; The initial investment of 4.9% was completed on August 30, 2024.

KeyCorp Says All Required Regulatory Approvals Have Been Received For Completion Of The Bank Of Nova Scotia's Strategic Minority Investment In Key As Announced On August 12, 2024

Bank of Nova Scotia shares are trading lower after the company reported worse-than-expected FY24 financial results.

Guidance

Scotiabank CFO Says 2025 Earnings Growth Is Expected To Be Within 5%-7%

Bank of Nova Scotia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNS#NYSE">BNS</a>) reported quarterly earnings of C$6.47 per share which missed the analyst consensus estimate of C$6.51 by 0.61 percent. This is a 0.15 percent decrease over earnings of C$6.48 per share from the same period last year. The company reported quarterly sales of C$33.670 billion which missed the analyst consensus estimate of C$33.906 billion by 0.70 percent. This is a 4.52 percent increase over sales of C$32.214 billion the same period last year.

Earnings Misses

Bank of Nova Scotia FY 2024 Adj. EPS C$6.47 Misses C$6.51 Estimate, Sales C$33.670B Miss C$33.906B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Core &amp; Main (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.99 billion. 
• Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) is expected to report quarterly loss at $0.75 per share on revenue of $178.48 million. 
• REX American Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REX#NYSE">REX</a>) is estimated to report quarterly earnings at $0.72 per share on revenue of $159.00 million. 
• Bank of Nova Scotia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNS#NYSE">BNS</a>) is likely to report quarterly earnings at $1.16 per share on revenue of $6.16 billion. 
• Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) is estimated to report quarterly earnings at $0.82 per share on revenue of $892.43 million. 
<h3>Companies Reporting After The Bell</h3>
• Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $164.12 million. 
• Inotiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOTV#NASDAQ">NOTV</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $116.94 million. 
• Torrid Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $284.29 million. 
• Pure Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $818.14 million. 
• Box (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $275.10 million. 
• Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) is expected to report quarterly earnings at $0.58 per share on revenue of $649.64 million. 
• Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $1.46 billion. 
• Couchbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>) is projected to report quarterly loss at $0.08 per share on revenue of $50.77 million. 
• Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) is estimated to report quarterly earnings at $2.44 per share on revenue of $9.34 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For December 3, 2024

Bank of Nova Scotia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNS#NYSE">BNS</a>) will release its quarterly earnings report on Tuesday, 2024-12-03. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Bank of Nova Scotia to report an earnings per share (EPS) of $1.19.
Bank of Nova Scotia bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Overview of Past Earnings</h3>
In the previous earnings release, the company missed EPS by $0.00, leading to a 2.1% drop in the share price the following trading session.
Here's a look at Bank of Nova Scotia's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.19</td>
<td>1.14</td>
<td>1.21</td>
<td>1.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.19</td>
<td>1.16</td>
<td>1.25</td>
<td>0.93</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>-3.0%</td>
<td>-1.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733148030_0.png" alt="eps graph" />
<h3>Tracking Bank of Nova Scotia's Stock Performance</h3>
Shares of Bank of Nova Scotia were trading at $57.02 as of November 29. Over the last 52-week period, shares are up 28.63%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/BNS/earnings">To track all earnings releases for Bank of Nova Scotia visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Bank of Nova Scotia's Earnings: A Preview

Bank of Nova Scotia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNS#NYSE">BNS</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-12-03. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Bank of Nova Scotia will report an earnings per share (EPS) of $1.19.
Bank of Nova Scotia bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.00, leading to a 2.1% drop in the share price on the subsequent day.
Here's a look at Bank of Nova Scotia's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.19</td>
<td>1.14</td>
<td>1.21</td>
<td>1.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.19</td>
<td>1.16</td>
<td>1.25</td>
<td>0.93</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>-3.0%</td>
<td>-1.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733148014_0.png" alt="eps graph" />
<h3>Performance of Bank of Nova Scotia Shares</h3>
Shares of Bank of Nova Scotia were trading at $57.02 as of November 29. Over the last 52-week period, shares are up 28.63%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/BNS/earnings">To track all earnings releases for Bank of Nova Scotia visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse of Bank of Nova Scotia's Earnings Potential

Bank of Nova Scotia shares are trading higher after TD Securities upgraded the stock from Hold to Buy

Bank of Nova Scotia share are trading higher after TD Securities upgraded the stock from Hold to Buy and announced a price target of C$80.

TD Securities analyst Mario Mendonca upgrades Bank of Nova Scotia (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BNS#TSX">BNS</a>) from Hold to Buy and announces C$80 price target.

Upgrades

TD Securities Upgrades Bank of Nova Scotia to Buy, Announces C$80 Price Target

Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) closed Wednesday&#8217;s trading session 1.26% lower at $47.92 as the market further digested its <a href="https://www.benzinga.com/news/earnings/24/10/41453243/freeport-mcmoran-beats-q3-estimates-gold-sales-soar-copper-production-stabilizes">third-quarter earnings results</a>.
The leading copper miner reported slightly lower earnings per share, coming at $0.36 instead of the expected $0.37, while soundly beating the consensus revenue estimates of $6.44b, with an actual $6.79.
The response from institutions has been mixed.
<ul>
<li>Raymond James raised the price target to $57 from $55, maintaining an Outperform rating.</li>
<li>RBC Capital Markets maintained a Sector Perform rating with a price target of $58.</li>
<li>Scotiabank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNS#NYSE">BNS</a>) maintained a Sector Perform rating with a price target of $52.</li>
</ul>
Raymond James analyst Brian MacArthur issued an optimistic view on the miner, quoting sales of 1 billion lbs of copper and 550 Koz of gold in Q3. He noted management&#8217;s expectations to reach 4.1 billion lbs and 1.8 Moz of gold for 2024 and a cash cost of $1.58 per lb of copper.
Meanwhile, the RBC Capital Market highlighted strong free cash flow (FCF), driven by higher copper and gold prices. The firm estimates Freeport can generate $4.8 billion in FCF for 2025, yielding a 7% return at current spot prices.
&#8220;Freeport continues to benefit from high copper and gold prices,&#8221; RBC noted, emphasizing the company's significant leverage to these metals, particularly with copper comprising 75% of its revenue.
While acknowledging strong financials, RBC noted some near-term risks related to Freeport&#8217;s Indonesian smelter, which suffered a fire in October. This could delay production ramp-up into 2025. Furthermore, the smelter issue could require an extension of Freeport&#8217;s concentrate export permit, which expires at the end of the year.
While RBC projects a price target of $58, the potential upside scenario goes as high as $80.
Scotiabank&#8217;s reaction to Freeport-McMoRan's (FCX) Q3 2024 earnings was neutral, though it recognized the company&#8217;s stronger-than-expected performance. Scotiabank's estimate was lower than the market consensus, at $0.30.
Despite the positive earnings, Scotiabank maintained its &#8220;Sector Perform&#8221; rating on FCX, highlighting a &#8220;relatively balanced risk-reward&#8221; profile, but slightly reduced its 12-month price target from $52 to $52.
Analyst Orest Wowkodaw noted that the multi-year production guidance remained unchanged, with copper cash cost guidance in line with prior expectations. Scotiabank pointed out that the multi-year production guidance remained unchanged, with copper cash cost guidance in line with prior expectations.
It is worth noting that Wowkodaw downgraded Freeport-McMoRan to Sector Perform from Outperform on September 30, citing recent share price appreciation and the negligible implied return to its target for the downgrade after its shares rose 28% through September.
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Commodities

Reiteration

Freeport-McMoRan Scores A Solid Q3, Analysts Say: 'Benefit From High Copper And Gold Prices'

Press Releases

Aris Bogdaneris, Group Head of Canadian Banking to Speak at the National Bank 23rd Annual Financial Services Conference

Dividends

Scotia Global Asset Management announces March 2025 cash distributions for Scotia ETFs

Scotiabank ranks on The Globe and Mail's annual Women Lead Here benchmark for the fifth consecutive year

Scotiabank Commits $3 Million to Support Local Atlantic Communities in 2025

Scotiabank Announces Election of Directors

Scotia Global Asset Management announces April 2025 cash distributions for Scotia ETFs

Scotia Global Asset Management announces sub-advisor change

Scotiabank's Jacqui Allard named to Report on Business Best Executive List

Scotiabank Comments on Expected Contribution from KeyCorp's First Quarter Earnings

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Ultime notizie per Bank of Nova Scotia (NYSE:BNS) Azioni

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