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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" BNS shares.
View BNS analyst ratings or view top-rated stocks.

4 brokerages have issued twelve-month target prices for Bank of Nova Scotia's stock. Their BNS share price targets range from $66.00 to $70.00. On average, they anticipate the company's stock price to reach $68.00 in the next year. This suggests a possible upside of 45.9% from the stock's current price.
View analysts price targets for BNS or view top-rated stocks among Wall Street analysts.

Bank of Nova Scotia's stock was trading at $48.69 on January 1st, 2024. Since then, BNS stock has decreased by 4.3% and is now trading at $46.62.
View the best growth stocks for 2024 here.

Bank of Nova Scotia saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 30,220,000 shares, an increase of 18.3% from the March 15th total of 25,550,000 shares. Based on an average daily trading volume, of 2,070,000 shares, the days-to-cover ratio is presently 14.6 days. Approximately 2.5% of the shares of the company are sold short.
View Bank of Nova Scotia's Short Interest.

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

The Bank of Nova Scotia (NYSE:BNS) released its earnings results on Tuesday, February, 27th. The bank reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.06. The bank had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $6.01 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 11.51% and a net margin of 10.71%. During the same quarter last year, the business posted $1.37 EPS.

Bank of Nova Scotia announced a quarterly dividend on Wednesday, February 28th. Stockholders of record on Tuesday, April 2nd will be paid a dividend of $0.7843 per share on Friday, April 26th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date is Monday, April 1st. This is a boost from the stock's previous quarterly dividend of $0.78.
Read our dividend analysis for BNS.

Bank of Nova Scotia (NYSE:BNS) pays an annual dividend of $1.58 per share and currently has a dividend yield of 3.33%. The dividend payout ratio is 34.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 30.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BNS.

ETFs with the largest weight of Bank of Nova Scotia (NYSE:BNS) stock in their portfolio include JPMorgan BetaBuilders Canada ETF (BBCA), Franklin International Low Volatility High Dividend Index ETF (LVHI), BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD), Schwab International Dividend Equity ETF (SCHY), Virtus WMC International Dividend ETF (VWID), SPDR S&P Global Dividend ETF (WDIV), iShares Global Financials ETF (IXG) and Avantis International Large Cap Value ETF (AVIV).

1,585 employees have rated Bank of Nova Scotia Chief Executive Officer Brian J. Porter on Glassdoor.com. Brian J. Porter has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of Nova Scotia investors own include AT&T (T), Freehold Royalties (FRU), Toronto-Dominion Bank (TD), Pfizer (PFE), Royal Bank of Canada (RY), Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM) and Intel (INTC).

Bank of Nova Scotia's stock is owned by a number of retail and institutional investors. Top institutional investors include Cardinal Capital Management Inc. (0.16%), Addenda Capital Inc. (0.10%), Nexus Investment Management ULC (0.06%), Cardinal Capital Management (0.00%), International Assets Investment Management LLC (0.00%) and Eldred Rock Partners LLC (0.00%).

Shares of BNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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