Bank of Nova Scotia (The) (BNS) Receives Analyst Rating

Bank of Nova Scotia (The) (BNS) : 2 brokerage houses believe that Bank of Nova Scotia (The) (BNS) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Bank of Nova Scotia (The) (BNS). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.

Bank of Nova Scotia (The) (BNS) : Currently there are 6 street experts covering Bank of Nova Scotia (The) (BNS) stock. The most bullish and bearish price target for the stock is $77 and $47 respectively for the short term. The average price target of all the analysts comes to $56.72. The estimated standard deviation from the target is $10.93.


Also, Equity Analysts at the Macquarie downgrades the rating on Bank of Nova Scotia (The) (NYSE:BNS). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on June 9, 2016.

Bank of Nova Scotia (The) (NYSE:BNS): After opening at $52.37, the stock dipped to an intraday low of $52.29 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $53.34 and the buying power remained strong till the end. The stock closed at $53.26 for the day, a gain of 2.07% for the day session. The total traded volume was 775,305. The stocks close on the previous trading day was $52.18.

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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