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

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.

4 analysts have issued 12-month price targets for Bank of Nova Scotia's shares. Their BNS share price forecasts range from $65.00 to $77.00. On average, they expect the company's share price to reach $69.33 in the next year. This suggests a possible upside of 47.6% 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 at the start of the year. Since then, BNS shares have decreased by 4.1% and is now trading at $46.97.
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Bank of Nova Scotia saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 15,630,000 shares, an increase of 9.5% from the August 15th total of 14,270,000 shares. Based on an average trading volume of 1,340,000 shares, the days-to-cover ratio is currently 11.7 days. Approximately 1.3% of the shares of the company are sold short.
View Bank of Nova Scotia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our BNS earnings forecast.

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 the consensus estimate of $1.28 by $0.45. The bank had revenue of $8.09 billion for the quarter, compared to analysts' expectations of $8.16 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 13.31% and a net margin of 12.25%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.63 earnings per share.

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 dividend yield of 6.64%. The ex-dividend date is Friday, September 29th.
Read our dividend analysis for BNS.

Bank of Nova Scotia (NYSE:BNS) pays an annual dividend of $3.20 per share and currently has a dividend yield of 6.68%. 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.

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 shareholders include TD Asset Management Inc (1.39%), 1832 Asset Management L.P. (1.33%), Mackenzie Financial Corp (1.20%), Scotia Capital Inc. (1.10%), Jarislowsky Fraser Ltd (1.07%) and CIBC Asset Management Inc (0.65%).

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 $46.97.

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $56.61 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.

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.