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

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

4 brokerages have issued twelve-month price objectives 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 twelve months. This suggests a possible upside of 41.4% 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 at the beginning of the year. Since then, BNS shares have decreased by 1.2% and is now trading at $48.09.
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Bank of Nova Scotia saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 21,770,000 shares, a decrease of 10.9% from the April 15th total of 24,440,000 shares. Based on an average daily trading volume, of 2,000,000 shares, the days-to-cover ratio is currently 10.9 days. Approximately 1.8% of the shares of the stock are short sold.
View Bank of Nova Scotia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our BNS earnings forecast.

Bank of Nova Scotia will be holding an earnings conference call on Tuesday, May 28th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "4197550#".

The Bank of Nova Scotia (NYSE:BNS) issued its earnings results on Tuesday, February, 27th. The bank reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.06. The bank earned $14.13 billion during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $1.37 EPS.

Bank of Nova Scotia declared a quarterly dividend on Wednesday, February 28th. Shareholders 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 yield of 6.52%. The ex-dividend date of this dividend 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 $3.14 per share and currently has a dividend yield of 6.53%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 69.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 60.04% 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 Franklin FTSE Canada ETF (FLCA), JPMorgan BetaBuilders Canada ETF (BBCA), iShares MSCI Canada ETF (EWC), Franklin International Low Volatility High Dividend Index ETF (LVHI), iShares Transition-Enabling Metals ETF (TMET), iShares International Select Dividend ETF (IDV), First Trust S&P International Dividend Aristocrats ETF (FID) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD).

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.92%), TD Asset Management Inc (1.55%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), Cardinal Capital Management Inc. (0.16%), Nicola Wealth Management LTD. (0.12%) and Value Partners Investments Inc. (0.12%).

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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