Bank of Nova Scotia - BNS Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There are currently 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BNS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BNS, but not buy additional shares or sell existing shares.
View BNS analyst ratings or view top-rated stocks.

10 equities research analysts have issued twelve-month price targets for Bank of Nova Scotia's shares. Their BNS share price forecasts range from $77.00 to $97.00. On average, they expect the company's share price to reach $87.15 in the next year. This suggests a possible upside of 73.1% from the stock's current price.
View analysts price targets for BNS or view top-rated stocks among Wall Street analysts.

Bank of Nova Scotia's stock was trading at $48.98 on January 1st, 2023. Since then, BNS shares have increased by 2.8% and is now trading at $50.36.
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Bank of Nova Scotia saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 30,930,000 shares, an increase of 76.7% from the February 28th total of 17,500,000 shares. Based on an average daily trading volume, of 1,600,000 shares, the days-to-cover ratio is presently 19.3 days. Currently, 2.6% of the shares of the company are short sold.
View Bank of Nova Scotia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
View our BNS earnings forecast.

The Bank of Nova Scotia (NYSE:BNS) released its earnings results on Tuesday, February, 28th. The bank reported $1.37 EPS for the quarter, missing the consensus estimate of $1.52 by $0.15. The bank had revenue of $5.93 billion for the quarter, compared to analysts' expectations of $6.10 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 15.08% and a net margin of 17.03%.

Bank of Nova Scotia announced a quarterly dividend on Tuesday, February 28th. Investors of record on Tuesday, April 4th will be paid a dividend of $0.774 per share on Wednesday, April 26th. This represents a $3.10 annualized dividend and a dividend yield of 6.15%. The ex-dividend date is Monday, April 3rd. This is an increase from the stock's previous quarterly dividend of $0.76.
Read our dividend analysis for BNS.

Bank of Nova Scotia (NYSE:BNS) pays an annual dividend of $3.04 per share and currently has a dividend yield of 6.19%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 50.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BNS.

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.

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).

Bank of Nova Scotia trades on the New York Stock Exchange (NYSE) under the ticker symbol "BNS."

Bank of Nova Scotia's stock is owned by a variety of retail and institutional investors. Top institutional investors include Toronto Dominion Bank (2.22%), National Bank of Canada FI (1.92%), TD Asset Management Inc (1.66%), Mackenzie Financial Corp (1.39%), 1832 Asset Management L.P. (1.36%) and Jarislowsky Fraser Ltd (1.16%).

Shares of BNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BNS stock can currently be purchased for approximately $50.36.

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $60.02 billion and generates $36.40 billion in revenue each year. The bank earns $7.70 billion in net income (profit) each year or $5.56 on an earnings per share basis.

The company employs 90,979 workers across the globe.

Bank of Nova Scotia's mailing address is 44 KING STREET WEST SCOTIA PLAZA 8TH FL., TORONTO A6, M5H 1H1. The official website for the company is www.scotiabank.com. The bank can be reached via phone at (416) 866-6161, via email at investor.relations@scotiabank.com, or via fax at 416-866-3750.