Quick Update for Bank of Nova Scotia (BNS) Investors

By Tamara Parker • Wednesday, August 28 07:48 • Permanent Link

With gains of 2.8%, Bank of Nova Scotia was one of the winners on Wall Street today. Its shares are now trading at $49.96 and have logged a 0.0% daily outperformance of the S&P 500. Don't join the feeding frenzy before checking some basic facts about this stock:

Bank of Nova Scotia has moved 4.9% over the last year, and the S&P 500 logged a change of 24.6%
BNS has an average analyst rating of hold and is 5.05% away from its mean target price of $47.56 per share
Its trailing earnings per share (EPS) is $4.23
Bank of Nova Scotia has a trailing 12 month Price to Earnings (P/E) ratio of 11.8 while the S&P 500 average is 28.21
Its forward earnings per share (EPS) is $5.19 and its forward P/E ratio is 9.6
The company has a Price to Book (P/B) ratio of 0.76 in contrast to the S&P 500's average ratio of 4.71
Bank of Nova Scotia is part of the Finance sector, which has an average P/E ratio of 19.48 and an average P/B of 1.85
BNS has reported YOY quarterly earnings growth of -17.3% and gross profit margins of 0.0%
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.