Bank of Nova Scotia (TSE:BNS) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Bank of Nova Scotia shares crossed above their 200-day moving average, reaching C$128.50 and closing at C$128.34 versus the C$117.78 long-term average.
• Analyst sentiment remains positive overall: TD upgraded the stock to “buy,” while several firms raised price targets. The consensus rating is “Moderate Buy” with a C$129.50 target price.
• The bank reported quarterly EPS of C$2.28 on C$10.54 billion in revenue and announced a quarterly dividend of C$1.14, equivalent to a 3.6% annualized yield.

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$117.78 and traded as high as C$128.50. Bank of Nova Scotia shares last traded at C$128.34, with a volume of 3,537,693 shares.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BNS. 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 company a "hold" rating in a report on Wednesday, August 26th. TD raised shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$124.00 to C$141.00 in a research note on Wednesday, August 26th. Barclays boosted their target price on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a research note on Friday, August 21st. Keefe, Bruyette & Woods upped their price target on shares of Bank of Nova Scotia from C$148.00 to C$152.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 26th. Finally, Desjardins set a C$130.00 price target on shares of Bank of Nova Scotia and gave the company a "hold" rating in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Bank of Nova Scotia currently has a consensus rating of "Moderate Buy" and a consensus target price of C$129.50.

Bank of Nova Scotia Stock Performance

The firm has a market capitalization of C$156.17 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. The stock's 50 day simple moving average is C$127.66 and its two-hundred day simple moving average is C$117.78.

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 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a return on equity of 11.41% and a net margin of 14.08%. The business had revenue of C$10.54 billion during the quarter. Equities research analysts expect that The Bank of Nova Scotia will post 7.13 earnings per share for the current fiscal year.

Bank of Nova Scotia Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 28th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, October 6th. Bank of Nova Scotia's dividend payout ratio is presently 58.04%.

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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