Bank Of Nova Scotia Receives a Hold from Credit Suisse

By Ryan Adsit

Credit Suisse analyst Kevin Choquette assigned a Hold rating to Bank Of Nova Scotia (NYSE: BNS) today. The company’s shares closed last Friday at $52.45, close to its 52-week high of $55.14.

According to TipRanks.com, Choquette is a 4-star analyst with an average return of 6.0% and a 75.9% success rate. Choquette covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and Toronto Dominion Bank.

Bank Of Nova Scotia has an analyst consensus of Moderate Buy.

Bank Of Nova Scotia’s market cap is currently $63.19B and has a P/E ratio of 12.23. The company has a book value ratio of 1.6232.

The Bank of Nova Scotia operates as a financial services institution that provides financial products and services to retail, commercial and corporate customers. Its businesses are grouped into four segments: Canadian Banking, International Banking, Global Wealth & Insurance and Global Banking & Markets. The Canadian Banking segment provides a full suite of financial advice and banking solutions to personal and business customers across Canada. The International Banking segment encompasses retail and commercial banking operations in Latin America, the Caribbean and Central America, and Asia regions. The Global Wealth & Insurance segment combines the bank’s wealth management and insurance operations, and Global Transaction Banking. The Global Banking & Markets segment provides corporate lending, equity and debt underwriting, and mergers and acquisitions advisory services, as well as capital markets products and services, such as fixed income, derivatives, prime brokerage, securitization, foreign exchange, equity sales, trading and research, energy and agricultural commodities. The bank was founded on March 30, 1832 and is headquartered in Toronto, Canada.