The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for The Bank of Nova Scotia is C$126.50, about 5.2% above its August 24 closing price of C$120.29
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago
Key financial details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$10.54 bln
Q3 Adjusted EPS
Beat
C$2.28
C$2.10 (13 Analysts)
Q3 EPS
C$2.27
Q3 Adjusted Net Income
Beat
C$2.97 bln
C$2.55 bln (9 Analysts)
Q3 Net Income
C$2.95 bln
Q3 Net Interest Income
C$5.87 bln
Q3 Adjusted ROE
14.2%
Q3 CET1 Capital Ratio
13.1%
Q3 Provision for credit losses
C$1.08 bln
Outlook and result drivers
Scotiabank did not provide specific guidance or outlook for future quarters or the full year
- Higher revenues, margin expansion, and fee income growth drove earnings, partly offset by higher expenses and credit loss provisions
BNS•
