S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
'Succession' fans brace for series finale of Emmy-winning hit drama
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Erdogan leads in first unofficial reports of runoff election count
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden and GOP reach debt-ceiling deal. Now Congress must approve it to prevent calamitous default
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
'Succession' fans brace for series finale of Emmy-winning hit drama
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Erdogan leads in first unofficial reports of runoff election count
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden and GOP reach debt-ceiling deal. Now Congress must approve it to prevent calamitous default
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
'Succession' fans brace for series finale of Emmy-winning hit drama
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Erdogan leads in first unofficial reports of runoff election count
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden and GOP reach debt-ceiling deal. Now Congress must approve it to prevent calamitous default
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
'Succession' fans brace for series finale of Emmy-winning hit drama
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Erdogan leads in first unofficial reports of runoff election count
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden and GOP reach debt-ceiling deal. Now Congress must approve it to prevent calamitous default
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
NYSE:BNS

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

$49.06
+0.10 (+0.20%)
(As of 05/26/2023 ET)
Compare
Today's Range
$48.98
$49.43
50-Day Range
$48.05
$51.54
52-Week Range
$45.26
$68.59
Volume
1.09 million shs
Average Volume
1.22 million shs
Market Capitalization
$58.78 billion
P/E Ratio
9.64
Dividend Yield
6.22%
Price Target
$86.06

Bank of Nova Scotia MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
75.4% Upside
$86.06 Price Target
Short Interest
Bearish
1.66% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.37mentions of Bank of Nova Scotia in the last 14 days
Based on 31 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.77%
From $5.28 to $5.69 Per Share

Overall MarketRank

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

2.40 out of 5 stars

Finance Sector

504th out of 911 stocks

State Commercial Banks Industry

140th out of 191 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.

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.

BNS Stock News Headlines

World-Renowned Brazilian Restaurant Debuts in Canada
Invest in Debut's Exclusive Franchise of Acclaimed Brazilian Churrasco Restaurant Brand.
Bank Of Nova Scotia (BNS) Gets a Sell from Barclays
World-Renowned Brazilian Restaurant Debuts in Canada
Invest in Debut's Exclusive Franchise of Acclaimed Brazilian Churrasco Restaurant Brand.
Closing Bell: Bank of Nova Scotia down on Friday (BNS)
Bank of Nova Scotia (NYSE:BNS) Now Covered by StockNews.com
Bank of Nova Scotia (NYSE:BNS) Downgraded by Barclays
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.

BNS Company Calendar

Last Earnings
2/28/2023
Ex-Dividend for 4/26 Dividend
4/03/2023
Dividend Payable
4/26/2023
Today
5/28/2023
Next Earnings (Estimated)
8/22/2023
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
$86.06
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$77.00
Forecasted Upside/Downside
+75.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$7.70 billion
Pretax Margin
18.91%

Debt

Sales & Book Value

Annual Sales
$36.40 billion
Cash Flow
$7.86 per share
Book Value
$44.38 per share

Miscellaneous

Outstanding Shares
1,198,170,000
Free Float
N/A
Market Cap
$58.78 billion
Optionable
Optionable
Beta
1.02

Social Links


Key Executives

  • Lawren Scott Thomson
    President, Chief Executive Officer & Director
  • Loretta Marcoccia
    Chief Operating Officer, EVP-Global Banking
  • Rajagopal ViswanathanRajagopal Viswanathan
    Chief Financial Officer & Group Head
  • Michael Zerbs
    Group Head-Technology & Operations
  • Shawn Rose
    Chief Technology Officer & Executive VP













BNS Stock - Frequently Asked Questions

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

8 brokerages have issued 12 month target prices for Bank of Nova Scotia's shares. Their BNS share price forecasts range from $77.00 to $95.00. On average, they anticipate the company's stock price to reach $86.06 in the next year. This suggests a possible upside of 75.4% 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 beginning of 2023. Since then, BNS shares have increased by 0.2% and is now trading at $49.06.
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 during the month of April. As of April 30th, there was short interest totaling 19,920,000 shares, a decrease of 29.7% from the April 15th total of 28,350,000 shares. Based on an average daily trading volume, of 1,550,000 shares, the days-to-cover ratio is presently 12.9 days. Approximately 1.7% of the shares of the stock 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, August 22nd 2023.
View our BNS earnings forecast
.

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

The Bank of Nova Scotia (NYSE:BNS) released its earnings results on Tuesday, February, 28th. The bank reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $1.52 by $0.15. The bank earned $5.93 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 13.99% and a net margin of 14.16%.

How often does Bank of Nova Scotia pay dividends? What is the dividend yield for Bank of Nova Scotia?

Bank of Nova Scotia declared a quarterly dividend on Thursday, May 25th. Shareholders of record on Wednesday, July 5th will be paid a dividend of $0.7851 per share on Thursday, July 27th. This represents a $3.14 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend is Monday, July 3rd. This is a positive change from the stock's previous quarterly dividend of $0.77.
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 $3.05 per share and currently has a dividend yield of 6.22%. 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 59.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 52.86% 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 a variety of retail and institutional investors. Top institutional investors include Toronto Dominion Bank (1.92%), National Bank of Canada FI (1.57%), 1832 Asset Management L.P. (1.35%), Mackenzie Financial Corp (1.30%), Jarislowsky Fraser Ltd (1.13%) and Scotia Capital Inc. (1.09%).

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 $49.06.

How much money does Bank of Nova Scotia make?

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $58.78 billion and generates $36.40 billion in revenue each year. The bank earns $7.70 billion in net income (profit) each year or $5.09 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 5/28/2023 by MarketBeat.com Staff

My Account -