Bank of Nova Scotia (BNS) Releases Earnings Results, Beats Expectations By $0.06 EPS

Bank of Nova Scotia (BNS) announced its most recent quarterly financial results on Tuesday, Nov-29-2016. BNS said it had a profit of $1.57 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 $1.51. Analysts expectations of $6637.09 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 Initiated by BofA/Merrill to “Buy” on Nov 1, 2016.

Bank of Nova Scotia opened for trading at $53.97 and hit $53.99 on the upside on Friday, eventually ending the session at $53.94, with a gain of 0.22% or 0.12 points. The heightened volatility saw the trading volume jump to 2,10,724 shares. Company has a market cap of $64,980 M.

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 Scotiabank’s 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.

Bank of Nova Scotia

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