NYSE:BNS

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

$48.39
+0.14 (+0.29%)
(As of 05/17/2024 ET)
Today's Range
$48.17
$48.50
50-Day Range
$45.88
$51.78
52-Week Range
$39.79
$51.98
Volume
1.02 million shs
Average Volume
1.96 million shs
Market Capitalization
$59.50 billion
P/E Ratio
10.71
Dividend Yield
6.49%
Price Target
$68.00

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
40.5% Upside
$68.00 Price Target
Short Interest
Healthy
1.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.66mentions of Bank of Nova Scotia in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.73%
From $4.90 to $5.23 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.

3.37 out of 5 stars

Finance Sector

400th out of 874 stocks

State Commercial Banks Industry

96th 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

Bank Of Nova Scotia (BNS) Receives a Hold from RBC Capital
Scotiabank Comments on Canada's Housing Market
Scotiabank Personal Loan Review 2024
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 4/26 Dividend
4/01/2024
Dividend Payable
4/26/2024
Today
5/17/2024
Next Earnings (Confirmed)
5/28/2024
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
+40.5%
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
$6.17 per share
Book Value
$43.11 per share

Miscellaneous

Outstanding Shares
1,229,570,000
Free Float
N/A
Market Cap
$59.50 billion
Optionable
Optionable
Beta
1.06

Social Links

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Key Executives

  • Mr. L. Scott Thomson (Age 54)
    President, CEO & Director
    Comp: $2.78M
  • Mr. Rajagopal ViswanathanMr. Rajagopal Viswanathan
    Group Head & CFO
  • Mr. Francisco Alberto Aristeguieta Silva (Age 59)
    Group Head of International Banking
    Comp: $1.42M
  • 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

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 analysts have issued 12-month price targets for Bank of Nova Scotia's shares. Their BNS share price targets range from $66.00 to $70.00. On average, they predict the company's stock price to reach $68.00 in the next year. This suggests a possible upside of 40.5% 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 at the beginning of the year. Since then, BNS stock has decreased by 0.6% and is now trading at $48.39.
View the best growth stocks for 2024 here
.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 21,770,000 shares, a decline of 10.9% from the April 15th total of 24,440,000 shares. Based on an average daily trading volume, of 2,000,000 shares, the short-interest ratio is currently 10.9 days. Approximately 1.8% of the shares of the company are sold short.
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 Tuesday, May 28th 2024.
View our BNS earnings forecast
.

How can I listen to Bank of Nova Scotia's earnings call?

Bank of Nova Scotia will be holding an earnings conference call on Tuesday, May 28th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "4197550#".

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

The Bank of Nova Scotia (NYSE:BNS) posted its quarterly earnings data on Tuesday, February, 27th. The bank reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.06. The bank earned $14.13 billion during 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 period last year, the firm earned $1.37 earnings per share.

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

Bank of Nova Scotia announced a quarterly dividend on Wednesday, February 28th. Shareholders 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 dividend yield of 6.48%. The ex-dividend date of this dividend 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 $3.14 per share and currently has a dividend yield of 6.46%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 69.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 60.04% 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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.92%), Toronto Dominion Bank (2.03%), TD Asset Management Inc (1.55%), 1832 Asset Management L.P. (1.38%), Healthcare of Ontario Pension Plan Trust Fund (1.18%) and Canada Pension Plan Investment Board (0.33%).

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 5/18/2024 by MarketBeat.com Staff

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