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NYSE:BNS

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

$42.06
-1.49 (-3.42%)
(As of 10:57 AM ET)
Compare
Today's Range
$41.98
▼
$43.30
50-Day Range
$43.55
▼
$50.37
52-Week Range
$41.98
▼
$55.91
Volume
1.67 million shs
Average Volume
1.40 million shs
Market Capitalization
$50.70 billion
P/E Ratio
8.84
Dividend Yield
7.61%
Price Target
$69.33
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Bank of Nova Scotia MarketRank™ Forecast

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
59.2% Upside
$69.33 Price Target
Short Interest
Bearish
1.91% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.28mentions of Bank of Nova Scotia in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.26%
From $5.17 to $5.39 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Finance Sector

539th out of 882 stocks

State Commercial Banks Industry

131st out of 183 stocks

See Top Rated MarketRank™ Stocks Here

BNS stock logo

About Bank of Nova Scotia (NYSE:BNS) Stock

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 in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses, including automotive financing solutions to dealers and their customers. It also 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 alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides online, mobile, and telephone banking services. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.

BNS Price History

BNS Stock News Headlines

September 21, 2023 | finance.yahoo.com
Scotiabank Teams Up with Vente a Canada to Extend Support for International Students
September 15, 2023 | finance.yahoo.com
1832 Asset Management announces unitholder approval for Scotia Aria Portfolio mergers, fee reductions and other changes
October 3, 2023 | Edge On The Street (Ad)
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September 14, 2023 | finance.yahoo.com
BBVA or BNS: Which Is the Better Value Stock Right Now?
September 6, 2023 | seekingalpha.com
Bank of Nova Scotia (BNS) 24th Annual Global Banking and Markets Financials Summit Transcript
August 31, 2023 | finance.yahoo.com
Scotiabank Announces Senior Leadership Appointments
August 30, 2023 | finance.yahoo.com
Company News for Aug 30, 2023
August 29, 2023 | finance.yahoo.com
BNS: Bank of Nova Scotia Earnings: Results Starting To Improve
October 3, 2023 | Edge On The Street (Ad)
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
August 29, 2023 | msn.com
TSX reverses course on tech, energy boost; Bank of Montreal drops
August 29, 2023 | morningstar.com
Bank of Nova Scotia Earnings: Results Starting To Improve
August 29, 2023 | finance.yahoo.com
Bank of Nova Scotia (BNS) Q3 Earnings and Revenues Beat Estimates
August 29, 2023 | finance.yahoo.com
WRAPUP 2-BMO, Scotiabank miss profit estimates as bad loan provisions, costs rise
August 29, 2023 | finance.yahoo.com
Scotiabank Lending Margin Shrinks, Countered by Capital Markets
August 29, 2023 | finance.yahoo.com
CANADA STOCKS-TSX rises to two-week closing high, Scotiabank jumps
August 29, 2023 | seekingalpha.com
The Bank of Nova Scotia 2023 Q3 - Results - Earnings Call Presentation
August 24, 2023 | msn.com
Near 7% Dividend Yield At Bank of Nova Scotia, A Buy Opportunity
August 23, 2023 | finance.yahoo.com
Scotiabank Launches Dedicated Phone Line to Enhance Accessibility for Customers using Video Relay Services
August 21, 2023 | finance.yahoo.com
Scotia Global Asset Management announces August 2023 cash distributions for Scotia ETFs
August 16, 2023 | finance.yahoo.com
Scotiabank Supports Canadians with the Launch of the First Home Buyers Savings Account
August 15, 2023 | marketwatch.com
Bank of Nova Scotia stock outperforms market despite losses on the day
August 10, 2023 | finance.yahoo.com
Scotiabank Partners with Phyllis Webstad to Support Indigenous School Children Across Turtle Island*
July 31, 2023 | seekingalpha.com
Scotiabank: Overlooked Risks Discussed
July 28, 2023 | finance.yahoo.com
Bank of Nova Scotia not bidding for Laurentian Bank - The Globe and Mail
July 27, 2023 | finance.yahoo.com
Scotiabank's Louise Dandonneau and Elaine Hum named Top Women in Cybersecurity
July 25, 2023 | finance.yahoo.com
Nova Credit Expands into Canada, Partnering with Scotiabank as First Canada-Based Bank to Serve Newcomers with Global Credit Underwriting
July 19, 2023 | seekingalpha.com
Scotiabank: Dark Clouds On The Horizon Make Valuation Incidental
See More Headlines
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BNS Company Calendar

Ex-Dividend for 7/27 Dividend
7/03/2023
Dividend Payable
7/27/2023
Last Earnings
8/29/2023
Ex-Dividend for 10/27 Dividend
9/29/2023
Today
10/03/2023
Dividend Payable
10/27/2023
Fiscal Year End
10/31/2023
Next Earnings (Estimated)
12/05/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NYSE:BNS
CUSIP
N/A
CIK
9631
Web
www.scotiabank.com
Phone
(416) 866-6161
Fax
416-866-3750
Employees
90,979
Year Founded
1832

Price Target and Rating

Average Stock Price Forecast
$69.33
High Stock Price Forecast
$77.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+59.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.76
Trailing P/E Ratio
9.15
Forward P/E Ratio
8.42
P/E Growth
2.17
Net Income
$7.70 billion
Net Margins
12.25%
Pretax Margin
16.34%
Return on Equity
13.31%
Return on Assets
0.67%

Debt

Debt-to-Equity Ratio
0.55
Current Ratio
1.05
Quick Ratio
1.05

Sales & Book Value

Annual Sales
$36.40 billion
Price / Sales
1.44
Cash Flow
$7.51 per share
Price / Cash Flow
5.80
Book Value
$43.47 per share
Price / Book
1.00

Miscellaneous

Outstanding Shares
1,205,340,000
Free Float
N/A
Market Cap
$52.49 billion
Optionable
Optionable
Beta
1.01

Social Links

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Key Executives

  • Mr. L. Scott Thomson (Age 53)
    Pres, CEO & Director
    Comp: $236.15k
  • Mr. Rajagopal ViswanathanMr. Rajagopal Viswanathan
    Group Head & CFO
  • Mr. Daniel Llewellyn Rees
    Group Head of Canadian Banking
  • Mr. Jake P. Lawrence
    CEO and Group Head of Global Banking & Markets
  • Dr. Michael Zerbs Ph.D.
    Group Head of Technology & Operations
  • Mr. James A. Neate
    Pres and Group Head of Corp. & Investment Banking
  • Mr. Shawn Rose
    Exec. VP & CTO
  • Mr. John McCartney
    Head of Investor Relations
  • Mr. Ian Arellano
    Exec. VP & Gen. Counsel
  • Ms. Nicole Frew
    Exec. VP & Chief Compliance Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













BNS Stock - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

4 equities research analysts have issued 1 year price objectives for Bank of Nova Scotia's shares. Their BNS share price forecasts range from $65.00 to $77.00. On average, they predict the company's share price to reach $69.33 in the next twelve months. This suggests a possible upside of 59.2% 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 2023?

Bank of Nova Scotia's stock was trading at $48.98 on January 1st, 2023. Since then, BNS stock has decreased by 11.1% and is now trading at $43.5450.
View the best growth stocks for 2023 here.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 22,860,000 shares, an increase of 46.3% from the August 31st total of 15,630,000 shares. Based on an average trading volume of 1,360,000 shares, the days-to-cover ratio is currently 16.8 days. Approximately 1.9% of the company's shares 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 Tuesday, December 5th 2023.
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, August, 29th. The bank reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.45. The bank earned $8.09 billion during the quarter, compared to analysts' expectations of $8.16 billion. Bank of Nova Scotia had a net margin of 12.25% and a trailing twelve-month return on equity of 13.31%. The company's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS.

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, August 30th. Investors of record on Tuesday, October 3rd will be given a dividend of $0.7801 per share on Friday, October 27th. This represents a $3.12 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend is Friday, September 29th.
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 $3.20 per share and currently has a dividend yield of 7.02%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 67.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 59.37% 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).

What is Bank of Nova Scotia's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Bank of Nova Scotia's stock price today?

One share of BNS stock can currently be purchased for approximately $43.55.

How much money does Bank of Nova Scotia make?

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $52.49 billion and generates $36.40 billion in revenue each year. The bank earns $7.70 billion in net income (profit) each year or $4.76 on an earnings per share basis.

How many employees does Bank of Nova Scotia have?

The company employs 90,979 workers across the globe.

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.
Read More
How can I contact Bank of Nova Scotia?

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.

This page (NYSE:BNS) was last updated on 10/3/2023 by MarketBeat.com Staff

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