NYSE:BNS

Bank of Nova Scotia (BNS) Stock Price, News & Analysis

$47.25
+0.16 (+0.34%)
(As of 02:15 PM ET)
Today's Range
$46.88
$47.34
50-Day Range
$46.30
$51.78
52-Week Range
$39.79
$51.98
Volume
836,354 shs
Average Volume
2.10 million shs
Market Capitalization
$57.75 billion
P/E Ratio
10.45
Dividend Yield
3.34%
Price Target
$68.00

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
43.9% Upside
$68.00 Price Target
Short Interest
Bearish
2.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.25mentions of Bank of Nova Scotia in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.53%
From $4.90 to $5.22 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.42 out of 5 stars

Finance Sector

587th out of 838 stocks

State Commercial Banks Industry

142nd out of 177 stocks

BNS stock logo

About Bank of Nova Scotia Stock (NYSE:BNS)

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.

BNS Stock Price History

BNS Stock News Headlines

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AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
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Scotiabank Personal Loan Review 2024
The Bank of Nova Scotia (BNS.TO)
See More Headlines
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Company Calendar

Ex-Dividend for 1/29 Dividend
1/02/2024
Dividend Payable
1/29/2024
Last Earnings
2/27/2024
Ex-Dividend for 4/26 Dividend
4/01/2024
Today
4/23/2024
Dividend Payable
4/26/2024
Next Earnings (Estimated)
5/22/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
CIK
9631
Employees
89,483
Year Founded
1832

Price Target and Rating

Average Stock Price Target
$68.00
High Stock Price Target
$70.00
Low Stock Price Target
$66.00
Potential Upside/Downside
+44.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$5.49 billion
Pretax Margin
13.09%

Debt

Sales & Book Value

Annual Sales
$52.53 billion
Cash Flow
$6.23 per share
Book Value
$43.11 per share

Miscellaneous

Outstanding Shares
1,222,190,000
Free Float
N/A
Market Cap
$57.50 billion
Optionable
Optionable
Beta
1.04

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Key Executives

  • Mr. L. Scott Thomson (Age 54)
    President, CEO & Director
    Comp: $2.8M
  • Mr. Rajagopal  ViswanathanMr. Rajagopal Viswanathan
    Group Head & CFO
  • Mr. Francisco Alberto Aristeguieta Silva (Age 59)
    Group Head of International Banking
    Comp: $1.43M
  • Dr. Michael Zerbs Ph.D.
    Group Head of Technology & Operations
  • Mr. John McCartney
    Head of Investor Relations
  • Mr. Ian Arellano
    Executive VP & General Counsel
  • Ms. Nicole Frew
    Executive VP & Chief Compliance Officer
  • Ms. Meigan Terry
    Senior VP, Chief Sustainability of Social Impact & Communications Officer
  • Ms. Jenny Poulos
    Chief Human Resources Officer
  • Ms. Anya M. Schnoor B.A.
    M.B.A., Executive Vice President of Caribbean, Central America

Should I Buy Bank of Nova Scotia Stock? BNS Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Bank of Nova Scotia:

  • The Bank of Nova Scotia has a strong international presence, operating in various countries which can provide diversification benefits to investors.
  • The company offers a wide range of banking products and services, including wealth management solutions, catering to different client needs and preferences.
  • Recent investments by institutional investors like First Manhattan Co., Toroso Investments LLC, and Power Corp of Canada indicate confidence in the bank's growth potential.
  • The Bank of Nova Scotia's stock price has shown resilience and potential for growth, making it an attractive option for investors seeking capital appreciation.
  • The bank's established history since 1832 and its headquarters in Toronto, Canada, reflect stability and longevity in the financial industry.

Cons

Investors should be bearish about investing in The Bank of Nova Scotia for these reasons:

  • The banking industry is subject to regulatory changes and economic fluctuations, which can impact the bank's profitability and operations.
  • Intense competition in the banking sector, both domestically and internationally, may pose challenges for The Bank of Nova Scotia in maintaining market share and profitability.
  • While institutional investments can be positive indicators, they also come with risks as market conditions and investor sentiments can change rapidly.
  • Global economic uncertainties and geopolitical tensions could affect the bank's international operations and expose it to additional risks.
  • Investors should carefully consider the bank's exposure to different markets and assess potential risks associated with currency fluctuations and geopolitical events.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Bank of Nova Scotia pros and cons to contact@marketbeat.com.

BNS Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of Nova Scotia stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" BNS shares.
View BNS analyst ratings
or view top-rated stocks.

What is Bank of Nova Scotia's stock price target for 2024?

4 brokerages have issued 12-month price objectives for Bank of Nova Scotia's stock. Their BNS share price targets range from $66.00 to $70.00. On average, they predict the company's share price to reach $68.00 in the next year. This suggests a possible upside of 43.9% from the stock's current price.
View analysts price targets for BNS
or view top-rated stocks among Wall Street analysts.

How have BNS shares performed in 2024?

Bank of Nova Scotia's stock was trading at $48.69 on January 1st, 2024. Since then, BNS stock has decreased by 3.0% and is now trading at $47.25.
View the best growth stocks for 2024 here
.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a increase in short interest in March. As of March 31st, there was short interest totaling 30,220,000 shares, an increase of 18.3% from the March 15th total of 25,550,000 shares. Based on an average trading volume of 2,070,000 shares, the days-to-cover ratio is currently 14.6 days. Approximately 2.5% of the shares of the stock are short sold.
View Bank of Nova Scotia's Short Interest
.

When is Bank of Nova Scotia's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our BNS earnings forecast
.

How were Bank of Nova Scotia's earnings last quarter?

The Bank of Nova Scotia (NYSE:BNS) issued its quarterly earnings results on Tuesday, February, 27th. The bank reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.06. The bank had revenue of $14.13 billion for the quarter, compared to analyst estimates of $6.01 billion. Bank of Nova Scotia had a net margin of 10.71% and a trailing twelve-month return on equity of 11.51%. During the same quarter in the prior year, the business earned $1.37 EPS.

How often does Bank of Nova Scotia pay dividends? What is the dividend yield for Bank of Nova Scotia?

Bank of Nova Scotia declared a quarterly dividend on Wednesday, February 28th. Investors of record on Tuesday, April 2nd will be given a dividend of $0.7843 per share on Friday, April 26th. This represents a $3.14 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Monday, April 1st. This is an increase from the stock's previous quarterly dividend of $0.78.
Read our dividend analysis for BNS
.

Is Bank of Nova Scotia a good dividend stock?

Bank of Nova Scotia (NYSE:BNS) pays an annual dividend of $1.58 per share and currently has a dividend yield of 3.38%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 34.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 30.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BNS.

What is Brian J. Porter's approval rating as Bank of Nova Scotia's CEO?

1,585 employees have rated Bank of Nova Scotia Chief Executive Officer Brian J. Porter on Glassdoor.com. Brian J. Porter has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Bank of Nova Scotia own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of Nova Scotia investors own include AT&T (T), Freehold Royalties (FRU), Toronto-Dominion Bank (TD), Pfizer (PFE), Royal Bank of Canada (RY), Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM) and Intel (INTC).

Who are Bank of Nova Scotia's major shareholders?

Bank of Nova Scotia's stock is owned by many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.23%), Cardinal Capital Management Inc. (0.16%), Addenda Capital Inc. (0.10%), Dixon Mitchell Investment Counsel Inc. (0.06%), Nexus Investment Management ULC (0.06%) and QV Investors Inc. (0.02%).

How do I buy shares of Bank of Nova Scotia?

Shares of BNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Bank of Nova Scotia have any subsidiaries?
The following companies are subsidiares of Bank of Nova Scotia: 1832 Asset Management L.P., BBVA Chile, BNS Asia Limited, BNS International (Bahamas) Limited, BNS International (Panama) S.A., BNS Investments Inc., Banco Colpatria Multibanca Colpatria S.A., Colfondos, Grupo BNS de Costa Rica S.A., Grupo Financiero Scotiabank Inverlat S.A. de C.V., Hollis Canadian Bank, HollisWealth Inc., Howard Weil, Jarislowsky Fraser, Jarislowsky Fraser Limited, MD Financial, MD Financial Management Inc., Montreal Trust Company of Canada, National Trust Company, National Trustco Inc., Nova Scotia Inversiones Limitada, Profuturo AFP S.A., RoyNat Inc., Scotia Capital (USA) Inc., Scotia Capital Inc., Scotia Dealer Advantage Inc., Scotia Group Jamaica Limited, Scotia Holdings (US) Inc., Scotia International Limited, Scotia Investments Jamaica Limited, Scotia Life Insurance Company, Scotia Mortgage Corporation, Scotia Securities Inc., Scotiabanc Inc., Scotiabank & Trust (Cayman) Ltd., Scotiabank (Bahamas) Limited, Scotiabank (Belize) Ltd., Scotiabank (British Virgin Islands) Limited, Scotiabank (Hong Kong) Limited, Scotiabank (Ireland) Designated Activity Company, Scotiabank (Panama) S.A., Scotiabank (Turks and Caicos) Ltd., Scotiabank Anguilla Limited, Scotiabank Barbados Limited, Scotiabank Brasil S.A. Banco Multiplo, Scotiabank Caribbean Holdings Ltd., Scotiabank Chile S.A., Scotiabank Colpatria S.A., Scotiabank El Salvador S.A., Scotiabank Europe plc, Scotiabank Peru Holding S.A., Scotiabank Peru S.A.A., Scotiabank Republica Dominicana S.A., Scotiabank Trinidad and Tobago Limited, Scotiabank Uruguay S.A., Scotiabank de Puerto Rico, Tangerine Bank, The Bank of Nova Scotia Berhad, The Bank of Nova Scotia International Limited, The Bank of Nova Scotia Jamaica Limited, The Bank of Nova Scotia Trust Company, and The Bank of Nova Scotia Trust Company (Bahamas) Limited.
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This page (NYSE:BNS) was last updated on 4/23/2024 by MarketBeat.com Staff

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