Shares of The Bank of Nova Scotia (BNS - Snapshot Report) have gained nearly 30% so far this year on NYSE. With a market capitalization of around $63.6 billion, the bank is one of North America's premier financial institutions. The Canada-based bank offers a diverse range of products and services including personal, commercial, corporate and investment banking.
Further, the Zacks Consensus Estimate has increased approximately 4.1% and 6.6% for the fiscal years 2016 and 2017, respectively. Also, the company boasts a positive earnings surprise history in the trailing four quarters.
Other favorable aspects of the Bank of Nova Scotia which will further boost the stock in the future include:
Earnings Strength: Bank of Nova Scotia has recorded earnings per share (EPS) growth rate of 7.3% over a period of three to five years. Moreover, the earnings growth rate for the current year is expected to be 6.4%.
Revenue Growth: Organic growth remains solid at Bank of Nova Scotia. Further, the top line is expected to grow 7.5% in 2016.
Return on Equity: Bank of Nova Scotia has a return on equity of 12.8%, compared with the industry average of 10.0%.
Debt/Equity Ratio: Bank of Nova Scotia’s debt-equity ratio stands at 0.15, much lower than the industry average of 1.06.
Stocks Worth a Look
Shares of Nationstar Mortgage Holdings Inc. (NSM - Snapshot Report) have gained nearly 46% over the past six months. Further, the company’s long-term growth is anticipated to be around 18%.
The long-term growth rate for LPL Financial Holdings Inc. (LPLA - Snapshot Report) is anticipated to be approximately 15%. Also, the shares have increased by nearly 38% over the last six months.
Virtus Investment Partners, Inc.’s (VRTS - Snapshot Report) long-term growth rate is projected to be around 8%. In addition, the shares of the company have jumped by approximately 51% over the trailing six months.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>