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NYSE:BNS

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

$53.88
-0.25 (-0.46%)
(As of 02/1/2023 02:41 PM ET)
Add
Compare
Today's Range
$53.78
$54.40
50-Day Range
$47.22
$54.13
52-Week Range
$45.26
$74.86
Volume
817,111 shs
Average Volume
1.31 million shs
Market Capitalization
$64.21 billion
P/E Ratio
8.63
Dividend Yield
5.72%
Price Target
$89.77

Bank of Nova Scotia MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
65.8% Upside
$89.77 Price Target
Short Interest
Healthy
2.85% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.09mentions of Bank of Nova Scotia in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.43%
From $6.12 to $6.33 Per Share

Overall MarketRank

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

2.68 out of 5 stars

Finance Sector

158th out of 895 stocks

State Commercial Banks Industry

35th out of 190 stocks


BNS stock logo

About Bank of Nova Scotia (NYSE:BNS) Stock

The Bank of Nova Scotia engages in the provision of financial products and services including personal, commercial, corporate, and investment banking. It operates through the following segments: Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other. The Other segment includes group treasury and smaller operating segments. The company was founded on March 30, 1832 and is headquartered in Toronto, Canada.

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BNS Stock News Headlines

New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
Better RRSP Buy: Bank of Nova Scotia Stock or Suncor?
New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
BANK OF NOVA SCOTIA (TSX: BNS)
Closing Bell: Bank of Nova Scotia up on Monday (BNS)
Bank of Nova Scotia: Patience Will Be Rewarded
15 Most Valuable Companies in Canada
Stocks in play: Bank of Nova Scotia
See More Headlines
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BNS Company Calendar

Last Earnings
11/29/2022
Ex-Dividend for 1/27 Dividend
1/03/2023
Dividend Payable
1/27/2023
Today
2/01/2023
Next Earnings (Estimated)
3/07/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
CIK
9631
Employees
90,979
Year Founded
1832

Price Target and Rating

Average Stock Price Forecast
$89.77
High Stock Price Forecast
$99.00
Low Stock Price Forecast
$81.50
Forecasted Upside/Downside
+66.6%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$7.70 billion
Pretax Margin
27.60%

Debt

Sales & Book Value

Annual Sales
$36.40 billion
Cash Flow
$7.98 per share
Book Value
$43.47 per share

Miscellaneous

Outstanding Shares
1,191,630,000
Free Float
N/A
Market Cap
$64.21 billion
Optionable
Optionable
Beta
0.98

Social Links


Key Executives

  • Brian Johnston PorterBrian Johnston Porter
    Chief Executive Officer & Director
  • Lawren Scott Thomson
    President & Non-Independent Director
  • Loretta Marcoccia
    Chief Operating Officer, EVP-Global Banking
  • Rajagopal ViswanathanRajagopal Viswanathan
    Chief Financial Officer & Group Head
  • Michael Zerbs
    Group Head-Technology & Operations













BNS Stock - Frequently Asked Questions

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

11 Wall Street equities 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 2 buy ratings for the stock. The consensus among Wall Street equities 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.

What is Bank of Nova Scotia's stock price forecast for 2023?

11 Wall Street research analysts have issued twelve-month target prices for Bank of Nova Scotia's stock. Their BNS share price forecasts range from $81.50 to $99.00. On average, they expect the company's stock price to reach $89.77 in the next twelve months. This suggests a possible upside of 66.1% 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 at the start of the year. Since then, BNS stock has increased by 10.3% and is now trading at $54.04.
View the best growth stocks for 2023 here
.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a decrease in short interest in January. As of January 15th, there was short interest totaling 33,960,000 shares, a decrease of 8.3% from the December 31st total of 37,050,000 shares. Based on an average daily volume of 1,900,000 shares, the days-to-cover ratio is currently 17.9 days. Currently, 2.9% 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, March 7th 2023.
View our BNS earnings forecast
.

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

The Bank of Nova Scotia (NYSE:BNS) posted its quarterly earnings results on Tuesday, November, 29th. The bank reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.06. The bank earned $5.73 billion during the quarter, compared to analyst estimates of $6.21 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 15.54% and a net margin of 21.26%.

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 Tuesday, November 29th. Shareholders of record on Wednesday, January 4th will be paid a dividend of $0.756 per share on Friday, January 27th. This represents a $3.02 annualized dividend and a dividend yield of 5.60%. The ex-dividend date is Tuesday, January 3rd.
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 $3.04 per share and currently has a dividend yield of 5.72%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 48.03% 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."

Who are Bank of Nova Scotia's major shareholders?

Bank of Nova Scotia's stock is owned by many different institutional and retail investors. Top institutional shareholders include National Bank of Canada FI (1.92%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), MUFG Securities EMEA plc (0.13%), Value Partners Investments Inc. (0.11%), Addenda Capital Inc. (0.10%) and Montrusco Bolton Investments Inc. (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 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 $54.04.

How much money does Bank of Nova Scotia make?

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $64.40 billion and generates $36.40 billion in revenue each year. The bank earns $7.70 billion in net income (profit) each year or $6.24 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 2/1/2023 by MarketBeat.com Staff