Bank of Nova Scotia posts 4Q profit

  • Bank of Nova Scotia posts 4Q profit

Bank of Nova Scotia posts 4Q profit

Analysts had on average forecast earnings of C$1.66 per share, Thomson Reuters I/B/E/S data showed.

The Bank Of Nova Scotia (BNS.TO) announced a profit for its fourth quarter that rose compared to the same period a year ago.

The biggest institutional shareholders in Bank of Nova Scotia (The) include Royal Bank Of Canada which owns 87 million shares in the company valued at $5.23 B million.

BBVA said that the transaction would generate a net capital gain of 640 million euros ($763 million) and have a positive impact on the group's common equity tier 1 (fully loaded), a key measure of capital strength of banks, of about 50 basis points.

The Toronto Stock Exchange's S&P/TSX composite index ended down 12.48 points, or 0.08 percent, at 16,029.64, the lowest close since November 20.

Shares of Bank of Nova Scotia (BNS) opened at C$81.73 on Monday.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, November 28th. During the same quarter previous year, the firm posted $1.58 EPS. Citigroup upgraded Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a research report on Wednesday, September 20th. National Bank Financial boosted their price target on Bank of Nova Scotia from C$85.00 to C$86.00 and gave the company an "outperform" rating in a report on Wednesday, August 30th. One equities research 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 firm presently has an "outperform" rating on the bank's stock. Canaccord Genuity upped their price objective on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. Finally, Macquarie initiated coverage on Bank of Nova Scotia in a research report on Tuesday, October 24th. The stock was sold at an average price of C$80.53, for a total value of C$244,489.08.

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