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NYSE:BNS

Bank of Nova Scotia Stock Forecast, Price & News

$59.21
-0.34 (-0.57%)
(As of 06/30/2022 12:00 AM ET)
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Compare
Today's Range
$58.15
$59.35
50-Day Range
$58.22
$68.40
52-Week Range
$57.93
$74.86
Volume
3.94 million shs
Average Volume
1.78 million shs
Market Capitalization
$70.82 billion
P/E Ratio
9.00
Dividend Yield
5.37%
Price Target
$94.39
30 days | 90 days | 365 days | Advanced Chart

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BNS Stock Forecast (MarketRank)

Overall MarketRank

2.73 out of 5 stars

Finance Sector

357th out of 1,394 stocks

State Commercial Banks Industry

86th out of 243 stocks

Analyst Opinion: 3.2Community Rank: 4.4Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
Bank of Nova Scotia logo

About Bank of Nova Scotia (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 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 company operates a network of 954 branches and approximately 3,766 automated banking machines in Canada; and approximately 1,300 branches and a network of contact and support center internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.

BNS Stock News Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
CIK
9631
Employees
89,488
Year Founded
1832

Company Calendar

Ex-Dividend for 4/27 Dividend
4/04/2022
Dividend Payable
4/27/2022
Last Earnings
5/25/2022
Today
6/30/2022
Ex-Dividend for 7/27 Dividend
7/01/2022
Dividend Payable
7/27/2022
Next Earnings (Estimated)
8/23/2022
Fiscal Year End
10/31/2022

Price Target and Rating

Average Stock Price Forecast
$94.39
High Stock Price Forecast
$100.91
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+59.4%
Consensus Rating
Hold
Rating Score (0-4)
2.4
Research Coverage
10 Analysts

Profitability

Net Income
$7.65 billion
Pretax Margin
34.22%

Debt

Sales & Book Value

Annual Sales
$31.20 billion
Cash Flow
$7.49 per share
Book Value
$43.74 per share

Miscellaneous

Outstanding Shares
1,196,119,000
Free Float
N/A
Market Cap
$70.82 billion
Optionable
Optionable
Beta
0.93

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Bank of Nova Scotia Frequently Asked Questions

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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Bank of Nova Scotia stock. 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 analyst ratings for Bank of Nova Scotia
or view top-rated stocks.

What is Bank of Nova Scotia's stock price forecast for 2022?

10 analysts have issued 12-month price targets for Bank of Nova Scotia's stock. Their BNS stock forecasts range from $90.00 to $100.91. On average, they predict Bank of Nova Scotia's stock price to reach $94.39 in the next year. This suggests a possible upside of 59.4% from the stock's current price.
View analysts' price targets for Bank of Nova Scotia
or view top-rated stocks among Wall Street analysts.

How has Bank of Nova Scotia's stock performed in 2022?

Bank of Nova Scotia's stock was trading at $71.69 on January 1st, 2022. Since then, BNS shares have decreased by 17.4% and is now trading at $59.21.
View the best growth stocks for 2022 here
.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 19,290,000 shares, an increase of 37.3% from the May 31st total of 14,050,000 shares. Based on an average trading volume of 1,620,000 shares, the days-to-cover ratio is currently 11.9 days.
View Bank of Nova Scotia's Short Interest
.

When is Bank of Nova Scotia's next earnings date?

Bank of Nova Scotia is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our earnings forecast for Bank of Nova Scotia
.

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

The Bank of Nova Scotia (NYSE:BNS) released its quarterly earnings results on Wednesday, May, 25th. The bank reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.65. The bank had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.87 billion. Bank of Nova Scotia had a net margin of 25.78% and a trailing twelve-month return on equity of 15.66%. The company's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 earnings per share.
View Bank of Nova Scotia's earnings history
.

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, May 25th. Stockholders of record on Tuesday, July 5th will be paid a dividend of $0.801 per share on Wednesday, July 27th. This represents a $3.20 annualized dividend and a yield of 5.41%. The ex-dividend date is Friday, July 1st. This is a positive change from Bank of Nova Scotia's previous quarterly dividend of $0.79.
View Bank of Nova Scotia's dividend history
.

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 5.37%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Bank of Nova Scotia does not yet have a strong track record of dividend growth. The dividend payout ratio of Bank of Nova Scotia is 48.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bank of Nova Scotia will have a dividend payout ratio of 46.44% next year. This indicates that Bank of Nova Scotia will be able to sustain or increase its dividend.
View Bank of Nova Scotia's dividend history.

Who are Bank of Nova Scotia's key executives?

Bank of Nova Scotia's management team includes the following people:
  • Mr. Brian Johnston Porter A.M.P., B.Com., Pres, CEO & Director (Age 64, Pay $3.03M)
  • Mr. Rajagopal Viswanathan, Group Head & CFO
  • Mr. Ignacio Deschamps, Group Head of International Banking & Digital Transformation
  • Mr. Daniel Llewellyn Rees, Group Head of Canadian Banking
  • Mr. Jake 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. Philip Stephen Watson Smith, Sr. VP of Investor Relations
  • Mr. Ian Arellano, Exec. VP & Gen. Counsel
  • Ms. Nicole Frew, Exec. VP & Chief Compliance Officer

What is Brian J. Porter's approval rating as Bank of Nova Scotia's CEO?

1,585 employees have rated Bank of Nova Scotia CEO Brian J. Porter on Glassdoor.com. Brian J. Porter has an approval rating of 86% among Bank of Nova Scotia'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 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 $59.21.

How much money does Bank of Nova Scotia make?

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $70.82 billion and generates $31.20 billion in revenue each year. The bank earns $7.65 billion in net income (profit) each year or $6.579990 on an earnings per share basis.

How many employees does Bank of Nova Scotia have?

Bank of Nova Scotia employs 89,488 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

When was Bank of Nova Scotia founded?

Bank of Nova Scotia was founded in 1832.

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 Bank of Nova Scotia is www.scotiabank.com. The bank can be reached via phone at (416) 866-6161, via email at [email protected], or via fax at 416-866-3750.

This page (NYSE:BNS) was last updated on 6/30/2022 by MarketBeat.com Staff

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