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NYSE:BNS

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

$63.24
-0.30 (-0.47%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$62.73
$63.45
50-Day Range
$54.75
$67.26
52-Week Range
$54.23
$74.86
Volume
665,871 shs
Average Volume
1.65 million shs
Market Capitalization
$75.44 billion
P/E Ratio
9.61
Dividend Yield
5.04%
Price Target
$94.39

Bank of Nova Scotia MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
48.1% Upside
$93.63 Price Target
Short Interest
Healthy
1.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.02mentions of Bank of Nova Scotia in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.39%
From $6.69 to $6.85 Per Share

Overall MarketRank

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

2.53 out of 5 stars

Finance Sector

194th out of 932 stocks

State Commercial Banks Industry

37th out of 194 stocks

BNS stock logo

About Bank of Nova Scotia (NYSE:BNS) Stock

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.

Bank of Nova Scotia Stock Performance

Shares of Bank of Nova Scotia stock opened at $63.54 on Wednesday. Bank of Nova Scotia has a one year low of $54.23 and a one year high of $74.86. The company has a market cap of $75.80 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 1.57 and a beta of 0.94. The business's 50 day moving average price is $60.06 and its 200 day moving average price is $66.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.06.

Bank of Nova Scotia (NYSE:BNS - Get Rating) (TSE:BNS) last posted its earnings results on Wednesday, May 25th. The bank reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.19. The company had revenue of $7.94 billion for the quarter, compared to analysts' expectations of $7.87 billion. Bank of Nova Scotia had a net margin of 25.78% and a return on equity of 15.66%. Bank of Nova Scotia's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. On average, research analysts predict that Bank of Nova Scotia will post 6.69 EPS for the current year.

Bank of Nova Scotia Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Tuesday, July 5th were paid a dividend of $0.801 per share. This is a positive change from Bank of Nova Scotia's previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Friday, July 1st. This represents a $3.20 annualized dividend and a yield of 5.04%. Bank of Nova Scotia's dividend payout ratio is presently 48.63%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BNS. Credit Suisse Group increased their price target on shares of Bank of Nova Scotia from C$88.00 to C$91.00 in a report on Thursday, May 26th. CIBC decreased their price objective on Bank of Nova Scotia from C$88.00 to C$87.00 in a report on Tuesday. Royal Bank of Canada raised their target price on Bank of Nova Scotia from C$93.00 to C$94.00 in a report on Thursday, May 26th. Stifel Nicolaus boosted their price target on Bank of Nova Scotia from C$95.00 to C$97.00 in a report on Thursday, May 26th. Finally, National Bank Financial cut their target price on shares of Bank of Nova Scotia from C$91.00 to C$90.00 in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Bank of Nova Scotia currently has a consensus rating of "Hold" and a consensus target price of $93.24.

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BNS Stock News Headlines

Scotiabank Launches Scotia TranXact™
Scotiabank to Announce Third Quarter 2022 Results
1832 Asset Management announces sub-advisor change
Bank of Nova Scotia (BNS) Could Be a Great Choice
See More Headlines
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BNS Company Calendar

Last Earnings
5/25/2022
Ex-Dividend for 7/27 Dividend
7/01/2022
Dividend Payable
7/27/2022
Today
8/17/2022
Next Earnings (Confirmed)
8/23/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$93.63
High Stock Price Forecast
$100.91
Low Stock Price Forecast
$87.00
Forecasted Upside/Downside
+49.3%
Consensus Rating
Hold
Rating Score (0-4)
2.40
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
$7.46 per share
Book Value
$43.74 per share

Miscellaneous

Outstanding Shares
1,192,907,000
Free Float
N/A
Market Cap
$75.44 billion
Optionable
Optionable
Beta
0.94

Social Links


Key Executives

  • Mr. Brian Johnston Porter A.M.P. (Age 64)
    B.Com., Pres, CEO & Director
    Comp: $2.93M
  • 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













BNS Stock - 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" 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 2022?

10 brokers have issued 1 year target prices for Bank of Nova Scotia's stock. Their BNS share price forecasts range from $87.00 to $100.91. On average, they anticipate the company's share price to reach $93.63 in the next twelve months. This suggests a possible upside of 48.1% 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 2022?

Bank of Nova Scotia's stock was trading at $71.69 on January 1st, 2022. Since then, BNS shares have decreased by 11.8% and is now trading at $63.24.
View the best growth stocks for 2022 here
.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 22,680,000 shares, a decline of 37.8% from the July 15th total of 36,450,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the short-interest ratio is currently 15.1 days. Currently, 1.9% of the company's shares 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 23rd 2022.
View our BNS earnings forecast
.

How can I listen to Bank of Nova Scotia's earnings call?

Bank of Nova Scotia will be holding an earnings conference call on Tuesday, August 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "1127377#".

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

The Bank of Nova Scotia (NYSE:BNS) issued its quarterly earnings results on Wednesday, May, 25th. The bank reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.19. The bank earned $7.94 billion during the quarter, compared to analysts' expectations 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%. Bank of Nova Scotia's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 earnings per share.

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 Wednesday, May 25th. Stockholders of record on Tuesday, July 5th will be given a dividend of $0.801 per share on Wednesday, July 27th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Friday, July 1st. This is a boost from the stock's previous quarterly dividend of $0.79.
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 $3.20 per share and currently has a dividend yield of 5.04%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 46.72% 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 number of institutional and retail investors. Top institutional investors include TD Asset Management Inc. (1.90%), Toronto Dominion Bank (1.55%), Mackenzie Financial Corp (1.50%), Jarislowsky Fraser Ltd (1.21%), Scotia Capital Inc. (1.00%) and Connor Clark & Lunn Investment Management Ltd. (0.88%).

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 $63.24.

How much money does Bank of Nova Scotia make?

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $75.44 billion and generates $31.20 billion in revenue each year. The bank earns $7.65 billion in net income (profit) each year or $6.58 on an earnings per share basis.

How many employees does Bank of Nova Scotia have?

The company 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 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 8/17/2022 by MarketBeat.com Staff

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