The Bank of Nova Scotia (TSE:BNS) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts maintain a cautious outlook: Ten research firms give Bank of Nova Scotia an average “Hold” rating, with nine holds and one buy. The average 12-month price target is C$112.31.
• Recent results were solid: The bank reported quarterly earnings of C$2.02 per share on C$9.85 billion in revenue, with a 15.64% net margin and 11.06% return on equity.
• The dividend increased: Scotiabank raised its quarterly dividend to C$1.14, equivalent to C$4.56 annually and a 3.7% yield, with a payout ratio of 60.69%.

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS has been assigned an average recommendation of "Hold" from the ten research firms that are currently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$112.31.

BNS has been the subject of several recent research reports. Royal Bank Of Canada increased their price target on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a "sector perform" rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce upped their target price on shares of Bank of Nova Scotia from C$116.00 to C$122.00 and gave the stock a "neutral" rating in a research note on Thursday, May 28th. TD increased their target price on shares of Bank of Nova Scotia from C$112.00 to C$113.00 and gave the company a "hold" rating in a report on Thursday, May 28th. Jefferies Financial Group raised their price target on shares of Bank of Nova Scotia from C$104.00 to C$105.00 in a research report on Wednesday, May 20th. Finally, Barclays boosted their price target on shares of Bank of Nova Scotia from C$108.00 to C$110.00 and gave the stock an "equal weight" rating in a report on Thursday, May 28th.

Bank of Nova Scotia Trading Up 0.2%

Bank of Nova Scotia stock opened at C$124.00 on Friday. Bank of Nova Scotia has a 1-year low of C$76.75 and a 1-year high of C$126.87. The firm has a market capitalization of C$151.17 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The firm's fifty day moving average price is C$120.97 and its two-hundred day moving average price is C$108.83.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last posted its earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share for the quarter. The company had revenue of C$9.85 billion for the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. On average, research analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th were paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, July 7th. This is a boost from Bank of Nova Scotia's previous quarterly dividend of $1.10. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 60.69%.

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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