Bank of America Issues Positive Forecast for Bank of Nova Scotia (TSE:BNS) Stock Price

Key Points

• Bank of America raised its price target for Bank of Nova Scotia from C$131 to C$134, implying about 2.83% upside. The stock carries a “Moderate Buy” consensus rating with an average target of C$128.86.
• Analyst views remain mixed but generally supportive: several firms raised targets, while National Bank Financial upgraded the stock to “Outperform.” Scotiabank reported quarterly EPS of C$2.28 on C$10.54 billion in revenue.
• Shares recently traded near their 12-month high at C$130.31, supported by strong capital returns and an 11.06% return on equity. However, tariff and trade disruptions remain a potential risk to business activity.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price objective increased by equities research analysts at Bank of America from C$131.00 to C$134.00 in a research note issued on Wednesday,BayStreet.CA reports. Bank of America's price target would indicate a potential upside of 2.83% from the stock's current price.

Other analysts have also issued reports about the company. Keefe, Bruyette & Woods raised their price target on Bank of Nova Scotia from C$148.00 to C$152.00 and gave the stock an "outperform" rating in a research note on Wednesday. Royal Bank Of Canada upped their price objective on shares of Bank of Nova Scotia from C$117.00 to C$129.00 and gave the company a "sector perform" rating in a research note on Wednesday. Canaccord Genuity Group increased their price objective on shares of Bank of Nova Scotia from C$121.00 to C$127.00 and gave the stock a "hold" rating in a report on Wednesday. National Bank Financial upgraded shares of Bank of Nova Scotia from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$128.00 to C$142.00 in a report on Wednesday. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Bank of Nova Scotia from C$122.00 to C$136.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$128.86.

Bank of Nova Scotia Price Performance

BNS stock traded up C$1.58 during midday trading on Wednesday, hitting C$130.31. The stock had a trading volume of 2,769,630 shares, compared to its average volume of 4,175,932. The company's 50-day moving average price is C$123.36 and its 200 day moving average price is C$110.70. The firm has a market cap of C$158.86 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a 12-month low of C$84.88 and a 12-month high of C$131.72.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last posted its quarterly earnings data on Tuesday, August 25th. The bank reported C$2.28 earnings per share (EPS) for the quarter. The business had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%. As a group, sell-side analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Key Bank of Nova Scotia News

Here are the key news stories impacting Bank of Nova Scotia this week:

• Positive Sentiment: Record quarterly performance: Canadian Banking, Global Wealth Management, and Global Banking and Markets all delivered strong results. Margin expansion, fee growth, and stronger underwriting and advisory activity helped drive the earnings beat. BMO, Scotiabank top estimates as capital-markets units surge
• Positive Sentiment: Analyst upgrades support sentiment: National Bank upgraded Scotiabank to “Outperform,” arguing that the shares offer more than a value opportunity, while TD Securities raised its rating from “Hold” to “Strong Buy.” Scotiabank upgraded to Outperform at National Bank
• Positive Sentiment: Capital returns and balance sheet remain supportive: BNS reported a 13.1% CET1 ratio, repurchased 8.6 million shares during the quarter, and said it had returned C$6.3 billion to shareholders year to date through dividends and buybacks. Why Bank of Nova Scotia Stock Is Up Today
• Neutral Sentiment: Trade uncertainty remains a risk: BNS and BMO cautioned that tariff and trade disruptions could weigh on business activity, although companies appear to be adapting relatively well. BMO, Scotia signal caution, but say businesses adapting well to trade unrest
• Negative Sentiment: One valuation signal is less bullish: National Bank Financial assigned a C$128 price target with a “Sector Perform” rating, slightly below the recent trading level, suggesting limited near-term upside under that view. Bank of Nova Scotia Given a C$128 Price Target

About Bank of Nova Scotia

Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: 'for every future,' we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange TSX: BNS and New York Stock Exchange NYSE: BNS.

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