How have BNS shares performed this year?

Bank of Nova Scotia's stock was trading at $48.69 at the beginning of the year. Since then, BNS shares have decreased by 5.9% and is now trading at $45.83. View the best growth stocks for 2024 here .

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

The Bank of Nova Scotia (NYSE:BNS) released its quarterly earnings data on Tuesday, May, 28th. The bank reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. The bank earned $6.15 billion during the quarter, compared to analysts' expectations of $6.10 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 11.40% and a net margin of 10.40%.

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.

Does Bank of Nova Scotia have any subsidiaries?

The following companies are subsidiaries of Bank of Nova Scotia: MD Financial, BBVA Chile, Jarislowsky Fraser, Colfondos, Howard Weil, 1832 Asset Management L.P., Banco Colpatria Multibanca Colpatria S.A., and others.

Who are Bank of Nova Scotia's major shareholders?

Bank of Nova Scotia's top institutional shareholders include Cardinal Capital Management Inc. (0.17%), Value Partners Investments Inc. (0.11%), Addenda Capital Inc. (0.10%) and Bank of New York Mellon Corp (0.08%).

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 .

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

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and AbbVie (ABBV) .

NYSE:BNS

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

$45.83

+0.28 (+0.61%)

(As of 07/26/2024 ET)

Compare

Today's Range: $45.57
▼
$45.88
50-Day Range: $45.14
▼
$48.53
52-Week Range: $39.79
▼
$51.98

Volume: 1.49 million shs
Average Volume: 1.91 million shs
Market Capitalization: $56.35 billion

P/E Ratio: 10.32
Dividend Yield: 6.76%
Price Target: $68.00

Get Bank of Nova Scotia alerts:

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.80 Rating Score
Upside/Downside: 48.4% Upside
$68.00 Price Target
Short Interest: Bearish
2.48% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.35
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.85%
From $4.82 to $5.15 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.

3.44 out of 5 stars

Finance Sector

380th out of 898 stocks

State Commercial Banks Industry

82nd out of 181 stocks

2.9

Analyst's Opinion

Consensus Rating
Bank of Nova Scotia has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on no buy ratings, 4 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Bank of Nova Scotia has only been the subject of 1 research reports in the past 90 days.
Read more about Bank of Nova Scotia's stock forecast and price target.

2.0

Short Interest

Percentage of Shares Shorted
2.48% of the float of Bank of Nova Scotia has been sold short.
Short Interest Ratio / Days to Cover
Bank of Nova Scotia has a short interest ratio ("days to cover") of 18.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Bank of Nova Scotia has recently decreased by 3.23%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Bank of Nova Scotia is a leading dividend payer. It pays a dividend yield of 6.78%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Bank of Nova Scotia does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Bank of Nova Scotia is 69.82%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bank of Nova Scotia will have a dividend payout ratio of 60.19% next year. This indicates that Bank of Nova Scotia will be able to sustain or increase its dividend.
Read more about Bank of Nova Scotia's dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BNS.

3.5

News and Social Media Coverage

News Sentiment
Bank of Nova Scotia has a news sentiment score of 1.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Bank of Nova Scotia this week, compared to 5 articles on an average week.
Search Interest
Only 28 people have searched for BNS on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.
MarketBeat Follows
12 people have added Bank of Nova Scotia to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of Nova Scotia insiders have not sold or bought any company stock.
Percentage Held by Institutions
49.13% of the stock of Bank of Nova Scotia is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Bank of Nova Scotia's insider trading history.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Bank of Nova Scotia are expected to grow by 6.85% in the coming year, from $4.82 to $5.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of Nova Scotia is 10.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of Nova Scotia is 10.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.57.
Price to Earnings Growth Ratio
Bank of Nova Scotia has a PEG Ratio of 1.69. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of Nova Scotia has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Read more about Bank of Nova Scotia's valuation and earnings.

See Top Rated MarketRank™ Stocks Here

Ad Colonial Metals

Collapse of the Petrodollar

The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.

In answer to this issue, we have released a Special Report to the public.

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

30 days | 90 days | 365 days | Advanced Chart

BNS Stock News Headlines

July 27 at 5:09 AM | theglobeandmail.com

Scotiabank technical issues disrupting salary payments as customers take to social media to complain

July 27 at 5:09 AM | financialpost.com

Scotiabank says technical issue disrupting salary payments is fixed

July 27, 2024 | Unstoppable Prosperity (Ad)

“Generational Bull Run” Incoming

LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.

July 27 at 5:09 AM | msn.com

Scotiabank resolves technical issue impacting thousands of its customers

July 24 at 5:54 PM | finance.yahoo.com

Scotiabank decreases prime lending rate

July 22, 2024 | fool.com

Is the Stock Market Going to Crash? I Don't Know.

July 17, 2024 | 247wallst.com

Want $5,000? Invest $10,000 in These 7 Dividend Stocks

July 11, 2024 | seekingalpha.com

Scotiabank: 3 Reasons To Buy This 7% Yielding Anti-Bubble Blue Chip

July 27, 2024 | Unstoppable Prosperity (Ad)

“Generational Bull Run” Incoming

LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.

June 23, 2024 | fool.com

Want Decades of Passive Income? 2 Stocks to Buy Now and Hold Forever

June 21, 2024 | seekingalpha.com

Scotiabank: A 7%-Yielding Blue Chip Dividend Stock To Buy Now

June 15, 2024 | fool.com

2 Bank Stocks to Buy at a Discount

June 10, 2024 | fool.com

2 High-Yield Stocks That Are Screaming Buys in June

June 7, 2024 | seekingalpha.com

Bank of Nova Scotia: Pressure On Residential Mortgage Loans Remains

June 6, 2024 | seekingalpha.com

The Bank of Nova Scotia (BNS) Management Presents at TD Financial Services and Fintech Summit Conference (Transcript)

June 6, 2024 | seekingalpha.com

The Bank of Nova Scotia (BNS) TD Financial Services and Fintech Summit Conference (Transcript)

May 29, 2024 | finance.yahoo.com

Scotiabank's Sloane Muldoon awarded Employment Equity Champion in Employment Equity Achievement Awards

May 29, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Ares Capital (ARCC) and Bank Of Nova Scotia (BNS)

See More Headlines

Receive BNS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Bank of Nova Scotia and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 5/28/2024
Ex-Dividend for 7/29 Dividend: 7/03/2024
Today: 7/26/2024
Dividend Payable: 7/29/2024
Next Earnings (Estimated): 9/03/2024
Fiscal Year End: 10/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NYSE:BNS
CUSIP: N/A
CIK: 9631
Web: www.scotiabank.com
Phone: (416) 866-6161
Fax: 416-866-3750
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: +48.4%
Consensus Rating: Reduce
Rating Score (0-4): 1.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.44
Trailing P/E Ratio: 10.32
Forward P/E Ratio: 9.51
P/E Growth: 1.69
Net Income: $5.49 billion
Net Margins: 10.40%
Pretax Margin: 12.73%
Return on Equity: 11.40%
Return on Assets: 0.58%

Debt

Debt-to-Equity Ratio: 0.57
Current Ratio: 1.03
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $52.53 billion
Price / Sales: 1.07
Cash Flow: $6.20 per share
Price / Cash Flow: 7.39
Book Value: $43.11 per share
Price / Book: 1.06

Miscellaneous

Outstanding Shares: 1,229,590,000
Free Float: N/A
Market Cap: $56.35 billion
Optionable: Optionable
Beta: 1.04

Social Links

10 "Recession Proof" Stocks That Will Thrive in Any Market

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Key Executives

Mr. L. Scott Thomson (Age 54)
President, CEO & Director
Comp: $2.78M
Mr. 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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 track record of consistent annual dividend payments, providing investors with a reliable income stream.
With a solid Return on Equity and Return on Assets, The Bank of Nova Scotia demonstrates efficient use of shareholder equity and assets to generate profits.
The Bank of Nova Scotia has a healthy Net Margin, indicating effective cost management and profitability.
Consistently high Percentage Held by Insiders and Institutional investors can signal confidence in the company's performance and future prospects.
The Bank of Nova Scotia's Beta value suggests that it is less volatile compared to the overall market, offering stability to investors.

Cons

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

Current stock price may not reflect the true value of the company due to market fluctuations and external factors.
While The Bank of Nova Scotia has a strong dividend yield, economic conditions or company performance could impact future dividend payments.
Market volatility and economic uncertainties could affect The Bank of Nova Scotia's stock price and overall performance.
High competition in the banking sector could pose challenges for The Bank of Nova Scotia in maintaining market share and profitability.
Investors should carefully monitor The Bank of Nova Scotia's financial health and industry trends to make informed investment decisions.

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 Monday, July 22, 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

How have BNS shares performed this year?: Bank of Nova Scotia's stock was trading at $48.69 at the beginning of the year. Since then, BNS shares have decreased by 5.9% and is now trading at $45.83.
View the best growth stocks for 2024 here.
How were Bank of Nova Scotia's earnings last quarter?: The Bank of Nova Scotia (NYSE:BNS) released its quarterly earnings data on Tuesday, May, 28th. The bank reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. The bank earned $6.15 billion during the quarter, compared to analysts' expectations of $6.10 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 11.40% and a net margin of 10.40%.
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.
Does Bank of Nova Scotia have any subsidiaries?: The following companies are subsidiaries of Bank of Nova Scotia: MD Financial, BBVA Chile, Jarislowsky Fraser, Colfondos, Howard Weil, 1832 Asset Management L.P., Banco Colpatria Multibanca Colpatria S.A., and others.
Who are Bank of Nova Scotia's major shareholders?: Bank of Nova Scotia's top institutional shareholders include Cardinal Capital Management Inc. (0.17%), Value Partners Investments Inc. (0.11%), Addenda Capital Inc. (0.10%) and Bank of New York Mellon Corp (0.08%).
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.
What other stocks do shareholders of Bank of Nova Scotia own?: Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and AbbVie (ABBV).

This page (NYSE:BNS) was last updated on 7/27/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

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

Bank of Nova Scotia MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Consensus Rating

Amount of Analyst Coverage

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Dividend Leadership

Dividend Growth

Dividend Coverage

Dividend Sustainability

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Insider Buying vs. Insider Selling

Percentage Held by Institutions

Earnings and Valuation

Earnings Growth

Price to Earnings Ratio vs. the Market

Price to Earnings Ratio vs. Sector

Price to Earnings Growth Ratio

Price to Book Value per Share Ratio