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BNS
Stock ticker:
NYSE
AS OF
Sep 23 closing price
Price
$50.97
Change
-$0.86 (-1.66%)
Capitalization
61.21B

BNS Price Prediction, Bank of Nova Scotia AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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BNS Trading results, last 6 months
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Sep 23, 2022

BNS in -2.45% downward trend, falling for three consecutive days on September 23, 2022

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BNS declined for three days, in 152 of 287 cases, the price declined further within the following month. The odds of a continued downward trend are 53%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on August 23, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on BNS as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BNS turned negative on August 23, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

BNS moved below its 50-day moving average on August 23, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for BNS crossed bearishly below the 50-day moving average on August 31, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The Aroon Indicator for BNS entered a downward trend on September 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BNS advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .

BNS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.258) is normal, around the industry mean (0.909). P/E Ratio (8.217) is within average values for comparable stocks, (17.662). Projected Growth (PEG Ratio) (2.773) is also within normal values, averaging (3.849). Dividend Yield (0.061) settles around the average of (0.058) among similar stocks. P/S Ratio (2.693) is also within normal values, averaging (2.426).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. BNS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BNS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock worse than average.

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A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

BNS is expected to report earnings to fall 2.86% to $2.04 per share on November 29

Bank of Nova Scotia BNS Stock Earnings Reports
Q4'22
Est.
$2.04
Q3'22
Missed
by $0.01
Q2'22
Beat
by $0.21
Q1'22
Beat
by $0.10
Q4'21
Beat
by $0.19
The last earnings report on August 23 showed earnings per share of $2.10, missing the estimate of $2.11. With 2.12M shares outstanding, the current market capitalization sits at 61.21B.
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A.I.Advisor
published Dividends

BNS paid dividends on October 27, 2021

Bank of Nova Scotia BNS Stock Dividends
А quarterly dividend of $0.71 per share was paid with a record date of October 27, 2021, and an ex-dividend date of October 04, 2021. Read more...
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), HSBC Holdings PLC (NYSE:HSBC), Citigroup (NYSE:C), Barclays PLC (NYSE:BCS).

Industry description

Major banks are among the biggest companies in the world, often times with global reach and market capitalizations in the multi-billions. Large banks often have multiple arms spanning different disciplines, from deposits, to investment banking, to wealth management and insurance. The biggest banks often have key competitive advantages over smaller players in the industry in terms of brand recognition, cost of capital, and efficiency. Think J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.

Market Cap

The average market capitalization across the Major Banks Industry is 66.91B. The market cap for tickers in the group ranges from 191.41M to 320.06B. JPM holds the highest valuation in this group at 320.06B. The lowest valued company is MSL at 191.41M.

High and low price notable news

The average weekly price growth across all stocks in the Major Banks Industry was -3%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -14%. BCMXY experienced the highest price growth at 0%, while CS experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was 29%. For the same stocks of the Industry, the average monthly volume growth was 52% and the average quarterly volume growth was 71%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 35
P/E Growth Rating: 49
Price Growth Rating: 65
SMR Rating: 13
Profit Risk Rating: 83
Seasonality Score: 9 (-100 ... +100)
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BNS
Buy/Sell Ratings
 
 
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published General Information

General Information

a major bank

Industry MajorBanks

Profile
Fundamentals
Details
Industry
Major Banks
Address
1709 Hollis Street
Phone
+1 416 866-3672
Employees
89488
Web
https://www.scotiabank.com
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BNS and

Correlation & Price change

A.I.dvisor indicates that over the last year, BNS has been closely correlated with BMO. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if BNS jumps, then BMO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BNS
1D Price
Change %
BNS100%
-1.70%
BMO - BNS
82%
Closely correlated
-2.76%
RY - BNS
79%
Closely correlated
-2.05%
TD - BNS
79%
Closely correlated
-2.82%
CM - BNS
78%
Closely correlated
-2.76%
BAC - BNS
66%
Closely correlated
-2.37%
More