S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
NYSE:BNS

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

$51.16
+0.76 (+1.51%)
(As of 03/27/2024 ET)
Today's Range
$50.49
$51.16
50-Day Range
$45.40
$50.50
52-Week Range
$39.79
$51.80
Volume
1.39 million shs
Average Volume
1.79 million shs
Market Capitalization
$62.53 billion
P/E Ratio
11.32
Dividend Yield
4.57%
Price Target
$68.00

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
32.9% Upside
$68.00 Price Target
Short Interest
Bearish
2.09% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.54mentions of Bank of Nova Scotia in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.53%
From $4.90 to $5.22 Per Share

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.

2.59 out of 5 stars

Finance Sector

492nd out of 844 stocks

State Commercial Banks Industry

114th out of 181 stocks

BNS stock logo

About Bank of Nova Scotia Stock (NYSE: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

BNS Stock News Headlines

the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
Bank of Nova Scotia (NYSE:BNS) Coverage Initiated at Barclays
$25,000 into $109,616 in two months?
Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…
Is it Too Late to Buy Bank of Nova Scotia Stock?
Jefferies Reaffirms Their Hold Rating on Bank Of Nova Scotia (BNS)
Bank of Nova Scotia Stock (NYSE:BNS) Insider Trades
BNS Stock: Buy, Sell, or Hold?
See More Headlines
Receive BNS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Bank of Nova Scotia and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 1/29 Dividend
1/02/2024
Dividend Payable
1/29/2024
Last Earnings
2/27/2024
Today
3/27/2024
Ex-Dividend for 4/26 Dividend
4/01/2024
Dividend Payable
4/26/2024
Next Earnings (Estimated)
5/22/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
CIK
9631
Employees
89,483
Year Founded
1832

Price Target and Rating

Average Stock Price Target
$68.00
High Stock Price Target
$70.00
Low Stock Price Target
$66.00
Potential Upside/Downside
+32.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$5.49 billion
Pretax Margin
13.09%

Debt

Sales & Book Value

Annual Sales
$32.23 billion
Cash Flow
$6.29 per share
Book Value
$43.40 per share

Miscellaneous

Outstanding Shares
1,222,161,000
Free Float
N/A
Market Cap
$62.53 billion
Optionable
Optionable
Beta
1.03

Social Links

Elon Musk's Next Move Cover

Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

Key Executives

  • 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
  • Mr. John W. Doig
    Executive Vice President of Retail Sales
  • Mr. Glen B. Gowland
    Vice Chair
  • Mr. Philip M. Thomas B.A.
    Group Head & Chief Risk Officer

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Bank of Nova Scotia was last updated on Tuesday, March 26, 2024 at 10:13 PM.

Pros

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

  • The Bank of Nova Scotia has a strong international presence, operating in various countries which can provide diversified revenue streams and growth opportunities.
  • The company offers a wide range of banking products and services, including wealth management solutions, which can attract a broad customer base and enhance profitability.
  • Recent investments by institutional investors indicate confidence in the bank's performance and potential for growth, which can be a positive signal for individual investors.
  • The stock price of The Bank of Nova Scotia has shown resilience and potential for appreciation, making it an attractive option for capital gains.
  • The bank's established history since 1832 and headquarters in Toronto, Canada, reflect stability and credibility in the financial industry, providing a sense of security for investors.

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 can impact the bank's profitability and stock performance.
  • Intense competition in the banking sector, both domestically and internationally, may pressure margins and limit growth prospects for The Bank of Nova Scotia.
  • Global economic uncertainties and geopolitical risks could affect the bank's operations in different regions, leading to potential challenges in maintaining consistent financial performance.
  • Interest rate fluctuations can influence the bank's net interest margin and overall profitability, posing risks to investors in a changing economic environment.
  • Market volatility and external factors such as currency exchange rates may introduce risks to the bank's earnings and stock valuation, requiring investors to closely monitor their investments.

BNS Stock Analysis - Frequently Asked Questions

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

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.

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

4 brokers have issued 1-year price objectives for Bank of Nova Scotia's stock. Their BNS share price targets range from $66.00 to $70.00. On average, they predict the company's share price to reach $68.00 in the next twelve months. This suggests a possible upside of 32.9% 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 $48.69 on January 1st, 2024. Since then, BNS stock has increased by 5.1% and is now trading at $51.16.
View the best growth stocks for 2024 here
.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 25,550,000 shares, an increase of 27.8% from the February 29th total of 19,990,000 shares. Based on an average daily volume of 2,020,000 shares, the days-to-cover ratio is currently 12.6 days. Currently, 2.1% of the shares of the stock are sold short.
View Bank of Nova Scotia's Short Interest
.

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 (NYSE:BNS) issued its quarterly earnings results on Tuesday, February, 27th. The bank reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.06. The bank had revenue of $14.13 billion for the quarter, compared to analyst estimates of $6.01 billion. Bank of Nova Scotia had a net margin of 10.71% and a trailing twelve-month return on equity of 11.51%. During the same period in the prior year, the company earned $1.37 EPS.

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

Bank of Nova Scotia declared a quarterly dividend on Wednesday, February 28th. Shareholders of record on Tuesday, April 2nd will be given 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 6.13%. The ex-dividend date of this dividend is Monday, April 1st. This is an increase from the stock's previous quarterly dividend of $0.78.
Read our dividend analysis for BNS
.

Is Bank of Nova Scotia a good dividend stock?

Bank of Nova Scotia (NYSE:BNS) pays an annual dividend of $2.34 per share and currently has a dividend yield of 4.66%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 44.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BNS.

What is Brian J. Porter's approval rating as Bank of Nova Scotia's CEO?

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.

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 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).

Who are Bank of Nova Scotia's major shareholders?

Bank of Nova Scotia's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.87%), Vanguard Group Inc. (3.84%), TD Asset Management Inc (1.63%), Mackenzie Financial Corp (1.11%), Scotia Capital Inc. (1.11%) and Norges Bank (1.10%).

How do I buy shares of Bank of Nova Scotia?

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.
Compare Top Brokerages Here.

Does Bank of Nova Scotia have any subsidiaries?
The following companies are subsidiares of Bank of Nova Scotia: 1832 Asset Management L.P., BBVA Chile, BNS Asia Limited, BNS International (Bahamas) Limited, BNS International (Panama) S.A., BNS Investments Inc., Banco Colpatria Multibanca Colpatria S.A., Colfondos, Grupo BNS de Costa Rica S.A., Grupo Financiero Scotiabank Inverlat S.A. de C.V., Hollis Canadian Bank, HollisWealth Inc., Howard Weil, Jarislowsky Fraser, Jarislowsky Fraser Limited, MD Financial, MD Financial Management Inc., Montreal Trust Company of Canada, National Trust Company, National Trustco Inc., Nova Scotia Inversiones Limitada, Profuturo AFP S.A., RoyNat Inc., Scotia Capital (USA) Inc., Scotia Capital Inc., Scotia Dealer Advantage Inc., Scotia Group Jamaica Limited, Scotia Holdings (US) Inc., Scotia International Limited, Scotia Investments Jamaica Limited, Scotia Life Insurance Company, Scotia Mortgage Corporation, Scotia Securities Inc., Scotiabanc Inc., Scotiabank & Trust (Cayman) Ltd., Scotiabank (Bahamas) Limited, Scotiabank (Belize) Ltd., Scotiabank (British Virgin Islands) Limited, Scotiabank (Hong Kong) Limited, Scotiabank (Ireland) Designated Activity Company, Scotiabank (Panama) S.A., Scotiabank (Turks and Caicos) Ltd., Scotiabank Anguilla Limited, Scotiabank Barbados Limited, Scotiabank Brasil S.A. Banco Multiplo, Scotiabank Caribbean Holdings Ltd., Scotiabank Chile S.A., Scotiabank Colpatria S.A., Scotiabank El Salvador S.A., Scotiabank Europe plc, Scotiabank Peru Holding S.A., Scotiabank Peru S.A.A., Scotiabank Republica Dominicana S.A., Scotiabank Trinidad and Tobago Limited, Scotiabank Uruguay S.A., Scotiabank de Puerto Rico, Tangerine Bank, The Bank of Nova Scotia Berhad, The Bank of Nova Scotia International Limited, The Bank of Nova Scotia Jamaica Limited, The Bank of Nova Scotia Trust Company, and The Bank of Nova Scotia Trust Company (Bahamas) Limited.
Read More
This page (NYSE:BNS) was last updated on 3/28/2024 by MarketBeat.com Staff

From Our Partners