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TD Cowen Sticks to Their Hold Rating for Bank Of Nova Scotia (BNS)

Tipranks - Tipranks - Fri May 29, 3:56AM CDT

In a report released yesterday, Mario Mendonca from TD Cowen maintained a Hold rating on Bank Of Nova Scotia, with a price target of C$113.00. The company’s shares closed yesterday at C$111.57.

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According to TipRanks, Mendonca is a 5-star analyst with an average return of 17.3% and a 70.42% success rate. Mendonca covers the Financial sector, focusing on stocks such as Bank Of Montreal, Bank Of Nova Scotia, and Manulife Financial.

Bank Of Nova Scotia has an analyst consensus of Hold, with a price target consensus of C$109.93, implying a -1.47% downside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a C$112.00 price target.

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Based on Bank Of Nova Scotia’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of C$17.2 billion and a net profit of C$2.29 billion. In comparison, last year the company earned a revenue of C$19.07 billion and had a net profit of C$1.15 billion

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