Market Overview

Desjardins Maintains Top Pick Rating, C$65 PT for The Bank of Nova Scotia

Share:
Related BNS
10 Stocks You Should Be Watching Today
Earnings Scheduled For August 30, 2016

In a report published earlier today, Desjardins Capital Markets maintained its Top Pick rating and C$65.00 price target for The Bank of Nova Scotia (NYSE: BNS).

Desjardins went on to say “Given our concern about slower growth and weaker profitability in Canadian banking, and over-reliance on trading revenue, one of our recurring themes has been that diversity pays. Scotia's diversity stood out in the past quarter, with robust growth in international banking. We view this diversity and Scotia's acquisition discipline—also evident in its latest results—as key strengths.”

The Bank of Nova Scotia closed yesterday at US$50.84.

Latest Ratings for BNS

DateFirmActionFromTo
Sep 2016DundeeInitiates Coverage onBuy
Jun 2016MacquarieDowngradesOutperformNeutral
Dec 2015Credit SuisseMaintainsNeutral

View More Analyst Ratings for BNS
View the Latest Analyst Ratings

Posted-In: Desjardins Capital MarketsAnalyst Color Reiteration Analyst Ratings

 

Related Articles (BNS)

View Comments and Join the Discussion!