Latest Stocks: Bank of Nova Scotia (BNS) Earns News Impact Score of 0.18

Latest Stocks: Bank of Nova Scotia (BNS) Earns News Impact Score of 0.18

News headlines about Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) have trended somewhat positive on Tuesday, Alpha One reports. Alpha One, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank of Nova Scotia earned a news impact score of 0.18 on Alpha One’s scale. Alpha One also assigned news stories about the bank an impact score of 45 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have effected AlphaOne’s scoring:

Shares of Bank of Nova Scotia (BNS) opened at 56.95 on Tuesday. Bank of Nova Scotia has a 12-month low of $47.59 and a 12-month high of $62.89. The stock has a 50 day moving average of $56.12 and a 200 day moving average of $57.74. The company has a market cap of $68.80 billion, a price-to-earnings ratio of 12.32 and a beta of 1.30. Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings results on Tuesday, May 30th. The bank reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.08. The firm had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.73 billion. Bank of Nova Scotia had a return on equity of 14.36% and a net margin of 20.78%. Bank of Nova Scotia’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS. Analysts forecast that Bank of Nova Scotia will post $4.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Tuesday, July 4th will be issued a $0.5635 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, June 29th. Bank of Nova Scotia’s dividend payout ratio is presently 50.11%. A number of research firms have recently weighed in on BNS. Bank of America Corp boosted their target price on shares of Bank of Nova Scotia from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Bank of Nova Scotia in a research note on Thursday, May 18th. Barclays PLC raised shares of Bank of Nova Scotia from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 23rd. Royal Bank of Canada lifted their price target on shares of Bank of Nova Scotia from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 31st. Finally, TD Securities cut shares of Bank of Nova Scotia to a “buy” rating in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Bank of Nova Scotia presently has a consensus rating of “Buy” and an average price target of $70.70.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Tuesday, July 4th will be issued a $0.5635 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, June 29th. Bank of Nova Scotia’s dividend payout ratio is presently 50.11%. Bank of Nova Scotia Company Profile

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