Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. TD Securities’ analyst Mario Mendonca reiterates their Buy rating on the shares of Bank of Nova Scotia (TSX: BNS), with a C$90 price target.
Mendonca has an average return of 7.6% when recommending Bank of Nova Scotia.
According to TipRanks.com, Mendonca is ranked #1059 out of 4872 analysts.
Currently, the analyst consensus on Bank of Nova Scotia is a Moderate Buy with an average price target of C$85.79.
Based on Bank of Nova Scotia’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of C$9.74 billion and net profit of C$2.11 billion. In comparison, last year the company earned revenue of C$9.22 billion and had a net profit of C$2.05 billion.
Bank of Nova Scotia is a financial services institution, which engages in the provision of financial products and services to retail, commercial, and corporate customers. It operates through the following business segments: Canadian Banking, International Banking, Global Banking and Markets, and Other. The Other segment includes small business segments.
The company’s shares closed on Wednesday at C$75.93.
