Shares of The Bank of Nova Scotia (TO:BNS) 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. (NYSE:NSM) 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. (NASDAQ:LPLA) is anticipated to be approximately 15%. Also, the shares have increased by nearly 38% over the last six months.
Virtus Investment Partners, Inc.’s (NASDAQ:VRTS) 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.
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BANK OF NOVA SC (BNS): Free Stock Analysis Report
LPL FINL HLDGS (LPLA): Free Stock Analysis Report
VIRTUS INVESTMT (VRTS): Free Stock Analysis Report
NATIONSTAR MTGE (NSM): Free Stock Analysis Report
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