Bank of Nova Scotia (TSE:BNS) Upgraded to "Strong-Buy" at TD Securities

Key Points

• TD Securities upgraded Bank of Nova Scotia from “hold” to “strong-buy,” while the broader analyst consensus remains “hold,” with an average price target of C$121.64.
• Several analysts recently raised their price targets, including Barclays to C$130, Desjardins to C$125, and National Bank Financial to C$128, though most maintained neutral or hold-equivalent ratings.
• BNS shares opened at C$128.73, near their 52-week high of C$129.25. In its latest quarter, the bank reported C$2.28 in earnings per share and C$10.54 billion in revenue.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS was upgraded by equities research analysts at TD Securities from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other analysts also recently commented on the stock. Barclays raised their price objective on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a research report on Friday, August 21st. Desjardins boosted their target price on Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a "hold" rating in a research report on Wednesday, August 5th. National Bank Financial set a C$128.00 price target on Bank of Nova Scotia and gave the stock a "sector perform" rating in a research note on Monday. Royal Bank Of Canada boosted their price objective on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a "sector perform" rating in a report on Thursday, May 28th. Finally, Canaccord Genuity Group upped their target price on Bank of Nova Scotia from C$111.00 to C$121.00 and gave the stock a "hold" rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of "Hold" and an average price target of C$121.64.

Bank of Nova Scotia Price Performance

BNS stock opened at C$128.73 on Tuesday. The company has a 50 day simple moving average of C$123.36 and a 200 day simple moving average of C$110.70. The stock has a market cap of C$156.93 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a 1 year low of C$81.44 and a 1 year high of C$129.25.

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

Bank of Nova Scotia Company Profile

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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