Raymond James Financial Forecasts Strong Price Appreciation for Bank of Nova Scotia (TSE:BNS) Stock

Key Points

• Raymond James raised its Bank of Nova Scotia price target from C$137 to C$139 and maintained an “Outperform” rating, implying 6.67% potential upside from the prior close.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of C$128.86; TD Securities recently upgraded it to “Strong Buy.”
• Shares traded near their 12-month high at C$130.31 after the bank reported C$2.28 quarterly EPS and C$10.54 billion in revenue, though trade uncertainty remains a potential risk.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price target increased by stock analysts at Raymond James Financial from C$137.00 to C$139.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the bank's stock. Raymond James Financial's price target would suggest a potential upside of 6.67% from the stock's previous close.

Several other brokerages have also recently issued reports on BNS. TD upped their target price on Bank of Nova Scotia from C$113.00 to C$124.00 and gave the company a "hold" rating in a report on Wednesday, August 12th. Keefe, Bruyette & Woods set a C$148.00 price target on shares of Bank of Nova Scotia and gave the stock a "moderate buy" rating in a research note on Friday, August 21st. Desjardins lifted their price objective on Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Barclays raised their price objective on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a report on Friday, August 21st. Finally, TD Securities raised shares of Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$128.86.

Bank of Nova Scotia Stock Performance

Shares of TSE:BNS traded up C$1.58 during midday trading on Wednesday, hitting C$130.31. The company's stock had a trading volume of 2,769,630 shares, compared to its average volume of 4,175,932. The company has a market cap of C$158.86 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The business's 50 day simple moving average is C$123.36 and its 200 day simple moving average is C$110.70. 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 results on Tuesday, August 25th. The bank reported C$2.28 EPS for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.The firm had revenue of C$10.54 billion during the quarter. On average, sell-side analysts predict that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Key Headlines Impacting Bank of Nova Scotia

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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