Bank of Nova Scotia (BNS) reported quarterly earnings results on Tuesday, Aug-30-2016. The company said it had a profit of $1.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.48. Analysts expectations of $6602.95 million. During the same quarter in the previous year, the company posted $1.45 EPS.
Many Wall Street Analysts have commented on Bank of Nova Scotia. Bank of Nova Scotia was Downgraded by Macquarie to ” Neutral” on Jun 9, 2016.
Bank of Nova Scotia closed down -0.14 points or -0.26% at $52.86 with 7,02,296 shares getting traded on Monday. Post opening the session at $52.82, the shares hit an intraday low of $52.75 and an intraday high of $53.02 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
The Bank of Nova Scotia (the Bank) is a Canada-based diversified financial institution. The Bank offered a range of products and services including retail commercial corporate and investment banking to more than 21 million customers in more than 55 countries around the world. The Bank has four business lines: Canadian Banking International Banking Scotia Capital and Global Wealth Management. The Canadian Banking segment provided a range of banking and investing services to more than 7.7 million customers across Canada through a network of 1190 branches 3869 automated banking machine (ABMs) as well as telephone Internet banking and third-party channels. International Banking includes Scotiabanks retail and commercial banking operations in more than 55 countries outside Canada. Global Wealth Management (GWM) consists of wealth management insurance and Global Transaction Banking businesses.