Should I buy or sell Bank of Nova Scotia stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 1 sell rating, 12 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BNS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BNS, but not buy additional shares or sell existing shares. View BNS analyst ratings or view top-rated stocks .

What is Bank of Nova Scotia's stock price target for 2024?

14 brokers have issued twelve-month target prices for Bank of Nova Scotia's stock. Their BNS share price targets range from C$60.00 to C$77.55. On average, they anticipate the company's stock price to reach C$66.97 in the next year. This suggests a possible upside of 4.5% from the stock's current price. View analysts price targets for BNS or view top-rated stocks among Wall Street analysts .

How have BNS shares performed in 2024?

Bank of Nova Scotia's stock was trading at C$64.50 on January 1st, 2024. Since then, BNS stock has decreased by 0.7% and is now trading at C$64.08. View the best growth stocks for 2024 here .

When is Bank of Nova Scotia's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024. View our BNS earnings forecast .

How were Bank of Nova Scotia's earnings last quarter?

The Bank of Nova Scotia (TSE:BNS) released its quarterly earnings results on Tuesday, February, 27th. The bank reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The bank earned $8.43 billion during the quarter, compared to analysts' expectations of $8.12 billion. Bank of Nova Scotia had a net margin of 26.75% and a trailing twelve-month return on equity of 10.20%.

How often does Bank of Nova Scotia pay dividends? What is the dividend yield for Bank of Nova Scotia?

Bank of Nova Scotia announced a quarterly dividend on Monday, April 1st. Stockholders of record on Tuesday, April 2nd will be given a dividend of 1.06 per share on Friday, April 26th. This represents a $4.24 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend is Monday, April 1st. Read our dividend analysis for BNS .

Is Bank of Nova Scotia a good dividend stock?

Bank of Nova Scotia (TSE:BNS) pays an annual dividend of C$4.24 per share and currently has a dividend yield of 6.38%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 69.39%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for BNS .

What other stocks do shareholders of Bank of Nova Scotia own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of Nova Scotia investors own include Toronto-Dominion Bank (TD) , Freehold Royalties (FRU) , Enbridge (ENB) , Royal Bank of Canada (RY) , Intact Financial (IFC) , Constellation Software (CSU) , Canadian Imperial Bank of Commerce (CM) , Emera (EMA) , Pembina Pipeline (PPL) and BCE (BCE) .

How do I buy shares of Bank of Nova Scotia?

Shares of BNS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:BNS

Bank of Nova Scotia (BNS) Stock Price, News & Analysis

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C$64.08

-1.39 (-2.12%)

(As of 04/16/2024 ET)

Compare

Today's Range: C$64.01
▼
C$65.32
50-Day Range: C$61.71
▼
C$70.07
52-Week Range: C$55.20
▼
C$70.40

Volume: 4.02 million shs
Average Volume: 4.19 million shs
Market Capitalization: C$78.18 billion

P/E Ratio: 10.49
Dividend Yield: 6.62%
Price Target: C$66.97

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Bank of Nova Scotia alerts:

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 4.5% Upside
C$66.97 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.46
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.10 out of 5 stars

2.0

Analyst's Opinion

Consensus Rating
Bank of Nova Scotia has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 12 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Bank of Nova Scotia has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for BNS.

2.5

Dividend Strength

Dividend Leadership
Bank of Nova Scotia is a leading dividend payer. It pays a dividend yield of 6.38%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Bank of Nova Scotia does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Bank of Nova Scotia is 69.39%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BNS.

1.9

News and Social Media Coverage

News Sentiment
Bank of Nova Scotia has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Bank of Nova Scotia this week, compared to 3 articles on an average week.
Search Interest
Only 57 people have searched for BNS on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Bank of Nova Scotia to their MarketBeat watchlist in the last 30 days. This is a decrease of -47% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of Nova Scotia insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.03% of the stock of Bank of Nova Scotia is held by insiders.
Percentage Held by Institutions
49.45% of the stock of Bank of Nova Scotia is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of Nova Scotia is 10.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of Nova Scotia is 10.49, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 445.22.
Price to Earnings Growth Ratio
Bank of Nova Scotia has a PEG Ratio of 1.33. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of Nova Scotia has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Bank of Nova Scotia Stock (TSE:BNS)

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.

BNS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BNS Stock News Headlines

April 16, 2024 | finance.yahoo.com

Scotiabank's Net-Zero Research Fund Announces 2024 Call for Submissions

April 16, 2024 | finance.yahoo.com

The Bank of Nova Scotia (BNS)

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 10, 2024 | americanbankingnews.com

The Bank of Nova Scotia (TSE:BNS) Given Consensus Recommendation of "Hold" by Analysts

April 9, 2024 | finance.yahoo.com

Investing in Bank of Nova Scotia (TSE:BNS) three years ago would have delivered you a 3.4% gain

April 8, 2024 | marketwatch.com

Bank of Nova Scotia Picks Google Cloud for Digital Transformation

April 6, 2024 | ca.finance.yahoo.com

Bank of Canada rate cuts could be delayed by high government spending: Scotiabank

April 6, 2024 | americanbankingnews.com

Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$74.00 at BMO Capital Markets

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 4, 2024 | finance.yahoo.com

Announcing the 14th Annual Scotiabank Photography Award Shortlist

April 3, 2024 | theglobeandmail.com

NeuroSpark Health Celebrates 1 Year of Success and Innovation

April 3, 2024 | finance.yahoo.com

Scotiabank partners with Willful to Make Estate Planning Easier for Clients

April 2, 2024 | finance.yahoo.com

Scotiabank teams up with Immigration.ca to create smoother pathways for newcomers

April 1, 2024 | finance.yahoo.com

1832 Asset Management L.P. is appointed as Manager and Trustee of the Tangerine Investment Funds

March 29, 2024 | fxstreet.com

USD/JPY seen easing to 140.00 in H2 – Scotiabank

March 29, 2024 | fxstreet.com

USD/CAD to remain firm or perhaps strengthen a bit more – Scotiabank

March 28, 2024 | markets.businessinsider.com

Scotiabank Keeps Their Hold Rating on Braze (BRZE)

March 22, 2024 | finance.yahoo.com

Scotia Wealth Management recognized with six Euromoney Private Banking Awards 2024

March 20, 2024 | finance.yahoo.com

MD Financial Management and Scotiabank Team Up with the Black Medical Students' Association of Canada to Support Black Medical Students

March 18, 2024 | finance.yahoo.com

Scotia Global Asset Management announces March 2024 cash distributions for Scotia ETFs

March 14, 2024 | theglobeandmail.com

Scotiabank to drop Contact Photography Festival partnership as arts sector sponsorship shifts

March 14, 2024 | finance.yahoo.com

Scotiabank releases 2023 Environmental, Social and Governance (ESG) Report and Climate Report

March 7, 2024 | finance.yahoo.com

Scotiabank Proxy Circular Now Available

March 6, 2024 | msn.com

Better Bank Stock: CIBC vs. Scotiabank

February 29, 2024 | seekingalpha.com

The Bank of Nova Scotia (BNS) Q1 2024 Earnings Call Transcript

February 28, 2024 | finance.yahoo.com

Current economic climate weighing on Canadian investors, survey finds

February 28, 2024 | finance.yahoo.com

Scotiabank's Group Head & Chief Financial Officer Raj Viswanathan to Speak at the 2024 RBC Capital Markets Global Financial Institutions Conference

See More Headlines

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Company Calendar

Ex-Dividend for 1/29 Dividend: 1/02/2024
Dividend Payable: 1/29/2024
Last Earnings: 2/27/2024
Ex-Dividend for 4/26 Dividend: 4/01/2024
Today: 4/16/2024
Dividend Payable: 4/26/2024
Next Earnings (Estimated): 5/22/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Banks - Diversified
Sub-Industry: N/A
Current Symbol: TSE:BNS
CUSIP: N/A
CIK: N/A
Web: www.scotiabank.com
Phone: +1-416-8666161
Fax: N/A
Employees: 89,249
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$66.97
High Stock Price Target: C$77.55
Low Stock Price Target: C$60.00
Potential Upside/Downside: +4.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$6.11
Trailing P/E Ratio: 10.49
Forward P/E Ratio: 9.75
P/E Growth: 1.33
Net Income: C$7.44 billion
Net Margins: 26.75%
Pretax Margin: N/A
Return on Equity: 10.20%
Return on Assets: 0.58%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: C$29.40 billion
Price / Sales: 2.66
Cash Flow: C$319.76 per share
Price / Cash Flow: 0.20
Book Value: C$57.26 per share
Price / Book: 1.12

Miscellaneous

Outstanding Shares: 1,220,000,000
Free Float: N/A
Market Cap: C$78.18 billion
Optionable: Not Optionable
Beta: 0.96

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Key Executives

Mr. L. Scott Thomson (Age 54)
President, CEO & Director
Comp: $3.8M
Mr. Rajagopal Viswanathan
Group Head & CFO
Mr. Francisco Alberto Aristeguieta Silva (Age 59)
Group Head of International Banking
Comp: $1.95M
Dr. Michael Zerbs Ph.D.
Group Head of Technology & Operations
Mr. John McCartney
Head of Investor Relations
Mr. Ian Arellano
Executive VP & General Counsel
Ms. Nicole Frew
Executive VP & Chief Compliance Officer
Ms. Meigan Terry
Senior VP, Chief Sustainability of Social Impact & Communications Officer
Ms. Jenny Poulos
Chief Human Resources Officer
Ms. Anya M. Schnoor B.A.
M.B.A., Executive Vice President of Caribbean, Central America

Key Competitors

View All Competitors

Should I Buy Bank of Nova Scotia Stock? BNS Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Bank of Nova Scotia:

The Bank of Nova Scotia operates in various countries, providing geographic diversification which can help mitigate risks associated with a single market.
The company offers a wide range of banking products and services, including wealth management solutions, catering to different customer needs and preferences.
With a long history dating back to 1832, The Bank of Nova Scotia has established itself as a reputable and stable financial institution.
Recent positive analyst recommendations and ratings for TSE:BNS indicate confidence in the company's performance and potential growth.
Considering the current stock price and valuation metrics, The Bank of Nova Scotia may present an attractive investment opportunity based on its financial health and market position.

Cons

Investors should be bearish about investing in The Bank of Nova Scotia for these reasons:

The banking industry is subject to regulatory changes and economic fluctuations, which could impact the profitability and operations of The Bank of Nova Scotia.
Intense competition in the banking sector may put pressure on margins and limit the company's ability to achieve significant growth in certain markets.
Global economic uncertainties and geopolitical risks could affect the international operations of The Bank of Nova Scotia, leading to potential challenges in maintaining profitability.
Market volatility and interest rate fluctuations can influence the performance of financial institutions like The Bank of Nova Scotia, impacting investor returns.
Investors should carefully monitor the company's exposure to credit risks and potential loan losses, especially during periods of economic instability.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Bank of Nova Scotia pros and cons to contact@marketbeat.com.

BNS Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of Nova Scotia stock right now?: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 1 sell rating, 12 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BNS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BNS, but not buy additional shares or sell existing shares.
View BNS analyst ratings or view top-rated stocks.
What is Bank of Nova Scotia's stock price target for 2024?: 14 brokers have issued twelve-month target prices for Bank of Nova Scotia's stock. Their BNS share price targets range from C$60.00 to C$77.55. On average, they anticipate the company's stock price to reach C$66.97 in the next year. This suggests a possible upside of 4.5% from the stock's current price.
View analysts price targets for BNS or view top-rated stocks among Wall Street analysts.
How have BNS shares performed in 2024?: Bank of Nova Scotia's stock was trading at C$64.50 on January 1st, 2024. Since then, BNS stock has decreased by 0.7% and is now trading at C$64.08.
View the best growth stocks for 2024 here.
When is Bank of Nova Scotia's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our BNS earnings forecast.
How were Bank of Nova Scotia's earnings last quarter?: The Bank of Nova Scotia (TSE:BNS) released its quarterly earnings results on Tuesday, February, 27th. The bank reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The bank earned $8.43 billion during the quarter, compared to analysts' expectations of $8.12 billion. Bank of Nova Scotia had a net margin of 26.75% and a trailing twelve-month return on equity of 10.20%.

How often does Bank of Nova Scotia pay dividends? What is the dividend yield for Bank of Nova Scotia?: Bank of Nova Scotia announced a quarterly dividend on Monday, April 1st. Stockholders of record on Tuesday, April 2nd will be given a dividend of 1.06 per share on Friday, April 26th. This represents a $4.24 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend is Monday, April 1st.
Read our dividend analysis for BNS.
Is Bank of Nova Scotia a good dividend stock?: Bank of Nova Scotia (TSE:BNS) pays an annual dividend of C$4.24 per share and currently has a dividend yield of 6.38%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 69.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BNS.
What other stocks do shareholders of Bank of Nova Scotia own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of Nova Scotia investors own include Toronto-Dominion Bank (TD), Freehold Royalties (FRU), Enbridge (ENB), Royal Bank of Canada (RY), Intact Financial (IFC), Constellation Software (CSU), Canadian Imperial Bank of Commerce (CM), Emera (EMA), Pembina Pipeline (PPL) and BCE (BCE).
How do I buy shares of Bank of Nova Scotia?: Shares of BNS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:BNS) was last updated on 4/16/2024 by MarketBeat.com Staff

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Bank of Nova Scotia (BNS) Stock Price, News & Analysis

Bank of Nova Scotia MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Bank of Nova Scotia Stock (TSE:BNS)

BNS Stock Price History

BNS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Should I Buy Bank of Nova Scotia Stock? BNS Pros and Cons Explained

Pros

Cons

BNS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™