Bank of Nova Scotia (The) (BNS) Shares are Down -0.93%

Bank of Nova Scotia (The) (BNS) : During the past 4 weeks, traders have been relatively bearish on Bank of Nova Scotia (The) (BNS), hence the stock is down -1.94% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.1% relative to the S&P 500. The 4-week change in the price of the stock is -2.47% and the stock has fallen -0.93% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.1% and the 50-Day Moving Average is 1.44%.The 200 Day SMA reached 13.07%


Bank of Nova Scotia (The) (NYSE:BNS): The stock opened in the green at $53.39 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $53.52 and a low of $52.98 for the day. The stock did not find buyers even at the lows and closed at $52.99 recording a loss of -0.20%. 650,995 shares exchanged hands during the trading day. The stock had closed at $52.99 in the previous days trading.

Bank of Nova Scotia (The) (BNS) : The consensus price target for Bank of Nova Scotia (The) (BNS) is $56.72 for the short term with a standard deviation of $10.93. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $77, however, the pessimist price target for the company is $47.

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 1,190 branches, 3,869 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.

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