Notable Runner: After Today’s Huge Increase, Is Bank of Nova Scotia’s Near-Term Analysis Positive?

Notable Runner: After Today's Huge Increase, Is Bank of Nova Scotia's Near Term Analysis Positive?

The stock of Bank of Nova Scotia (NYSE:BNS) is a huge mover today! About 329,643 shares traded hands. Bank of Nova Scotia (NYSE:BNS) has risen 4.47% since April 26, 2016 and is uptrending. It has underperformed by 0.79% the S&P500.
The move comes after 7 months positive chart setup for the $66.56 billion company. It was reported on Nov, 29 by Barchart.com. We have $56.59 PT which if reached, will make NYSE:BNS worth $2.00 billion more.

Bank of Nova Scotia (NYSE:BNS) Ratings Coverage

Out of 8 analysts covering The Bank Of Nova Scotia (NYSE:BNS), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. The Bank Of Nova Scotia has been the topic of 14 analyst reports since August 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of BNS in a report on Monday, August 31 with “Outperform” rating. The firm earned “Buy” rating on Friday, August 28 by Canaccord Genuity. The rating was maintained by RBC Capital Markets on Wednesday, December 2 with “Outperform”. The firm has “Neutral” rating by Macquarie Research given on Thursday, June 9. The firm has “Buy” rating by Dundee Securities given on Wednesday, September 21. The firm has “Outperform” rating given on Wednesday, August 31 by RBC Capital Markets.

According to Zacks Investment Research, “Bank of Nova Scotia is one of North America’s premier financial institutions and Canada’s most international bank. They offer a diverse range of products and services including personal, commercial, corporate and investment banking. Scotiabank has built long-term value and recorded consistent earnings growth by building on its core strengths and by executing exceptionally well in its core businesses. These include Domestic Banking, Wealth Management, International Banking and Scotia Capital.”

More notable recent Bank of Nova Scotia (NYSE:BNS) news were published by: Business.Financialpost.com which released: “Scotiabank profit beats expectations, opens door for acquisitions, buybacks” on November 29, 2016, also Reuters.com with their article: “BRIEF-Bank of Nova Scotia posts Q4 earnings per share C$1.57” published on November 29, 2016, Nasdaq.com published: “Earnings Reaction History: Bank of Nova Scotia, 25.0% Follow-Through Indicator …” on November 29, 2016. More interesting news about Bank of Nova Scotia (NYSE:BNS) were released by: Fool.ca and their article: “Bank of Nova Scotia Offers the Best Growth Potential of Canada’s Banks” published on November 15, 2016 as well as Fool.ca‘s news article titled: “TFSA Investors: Why Bank of Nova Scotia Is a Better Pick Than Bonds” with publication date: October 31, 2016.

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