Bank of Nova Scotia Declines Again; Strong Momentum for Sellers

 Bank of Nova Scotia Declines Again; Strong Momentum for Sellers

The stock of Bank of Nova Scotia (TSE:BNS) is a huge mover today! About 297,793 shares traded hands. Bank of Nova Scotia (TSE:BNS) has risen 11.65% since April 21, 2016 and is uptrending. It has outperformed by 6.25% the S&P500.
The move comes after 5 months negative chart setup for the $87.69 billion company. It was reported on Nov, 25 by Barchart.com. We have $68.33 PT which if reached, will make TSE:BNS worth $5.26B less.

Bank of Nova Scotia (TSE:BNS) Ratings Coverage

Out of 9 analysts covering Bank of Nova Scotia (TSE:BNS), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. Bank of Nova Scotia has been the topic of 35 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Dundee Securities maintained the stock with “Buy” rating in Wednesday, September 21 report. The rating was upgraded by Desjardins Securities on Friday, January 8 to “Buy”. The stock of Bank of Nova Scotia (TSE:BNS) earned “Outperform” rating by RBC Capital Markets on Wednesday, August 31. RBC Capital Markets maintained Bank of Nova Scotia (TSE:BNS) on Wednesday, June 1 with “Outperform” rating. The firm earned “Outperform” rating on Wednesday, December 2 by RBC Capital Markets. Bank of America initiated Bank of Nova Scotia (TSE:BNS) on Tuesday, November 1 with “Buy” rating. The firm has “Sector Perform” rating given on Monday, August 17 by IBC. As per Tuesday, August 4, the company rating was maintained by National Bank Canada. KBW maintained the shares of BNS in a report on Tuesday, August 18 with “Market Perform” rating.

More recent Bank of Nova Scotia (TSE:BNS) news were published by: Streetinsider.com which released: “Form FWP BANK OF NOVA SCOTIA Filed by: BANK OF NOVA SCOTIA” on November 25, 2016. Also Fool.ca published the news titled: “Bank of Nova Scotia Offers the Best Growth Potential of Canada’s Banks” on November 15, 2016. Businesswire.com‘s news article titled: “Fitch Affirms Bank of Nova Scotia’s IDRs at ‘AA-‘ and ‘F1+’; Outlook Stable” with publication date: October 28, 2016 was also an interesting one.

The Bank of Nova Scotia is an international bank and a financial services well-known provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The company has a market cap of $87.69 billion. The Company’s divisions include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other. It has a 12.87 P/E ratio. The Bank offers range of advice, services and products, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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