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Lowest-Rated Stocks  
NYSE:BNS

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

$48.44
-0.14 (-0.29%)
(As of 03/22/2023 05:12 PM ET)
Add
Compare
Today's Range
$48.44
▼
$49.08
50-Day Range
$47.40
▼
$55.57
52-Week Range
$45.26
▼
$74.22
Volume
2.11 million shs
Average Volume
1.55 million shs
Market Capitalization
$57.73 billion
P/E Ratio
8.71
Dividend Yield
6.28%
Price Target
$87.15

Bank of Nova Scotia MarketRank™ Forecast

Analyst Rating
Hold
2.10 Rating Score
Upside/​Downside
79.9% Upside
$87.15 Price Target
Short Interest
Bearish
1.47% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of Bank of Nova Scotia in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.80%
From $5.64 to $6.08 Per Share

Overall MarketRank™

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

2.42 out of 5 stars

Finance Sector

453rd out of 872 stocks

State Commercial Banks Industry

117th out of 179 stocks

See Top Rated MarketRank™ Stocks Here

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

March 21, 2023 | finance.yahoo.com
Scotia Global Asset Management announces March 2023 cash distributions for Scotia ETFs
March 21, 2023 | americanbankingnews.com
First National Bank Alaska (OTCMKTS:FBAK) versus Bank of Nova Scotia (NYSE:BNS) Financial Review
March 22, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
March 20, 2023 | finance.yahoo.com
Bank of Nova Scotia (TSE:BNS) shareholders have earned a 18% CAGR over the last three years
March 18, 2023 | americanbankingnews.com
Bank of Nova Scotia (NYSE:BNS) Coverage Initiated at StockNews.com
March 16, 2023 | marketwatch.com
Bank of Nova Scotia stock rises Thursday, still underperforms market
March 13, 2023 | ca.finance.yahoo.com
Silicon Valley Bank Collapse: Why Scotiabank Stock Investors Shouldn’t Worry About it
March 7, 2023 | finance.yahoo.com
Scotiabank and the Canadian Women's Foundation announce $800,000 community investment to help women and gender-diverse people navigate barriers to employment
March 22, 2023 | Weiss Ratings (Ad)
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
March 7, 2023 | finance.yahoo.com
Millennials and Gen Zs finding creative ways to spend on travel this Spring, new Scotiabank Survey
March 3, 2023 | msn.com
Bank of Nova Scotia (BNS) Declares $1.03 Dividend
March 2, 2023 | finance.yahoo.com
Majority of young Canadians are not educated on financial fraud, according to Scotiabank Youth Fraud Poll
March 2, 2023 | finance.yahoo.com
The Bank of Nova Scotia (NYSE:BNS) Q1 2023 Earnings Call Transcript
March 2, 2023 | finance.yahoo.com
More than half of Canadians believe their retirement plans have been impacted by economic conditions
March 1, 2023 | finance.yahoo.com
Scotiabank's Group Head & Chief Financial Officer Raj Viswanathan to Speak at the 2023 RBC Capital Markets Global Financial Institutions Conference
February 27, 2023 | finance.yahoo.com
Scotiabank Celebrates Black History Month with Renewed Commitment to Black Artists' Network in Dialogue
February 22, 2023 | finance.yahoo.com
Scotiabank Poll: Canadians spending record hours worrying about their finances
February 21, 2023 | finance.yahoo.com
Bullish The Bank of Nova Scotia (TSE:BNS) insiders filled their treasuries with CA$4.7m worth of stock over last year
February 15, 2023 | finance.yahoo.com
Scotia Global Asset Management announces February 2023 cash distributions for Scotia ETFs
February 14, 2023 | markets.businessinsider.com
Barclays Keeps Their Hold Rating on Bank Of Nova Scotia (BNS)
February 14, 2023 | ca.finance.yahoo.com
Will Bank of Nova Scotia’s Stock Price Soar in 2023?
February 10, 2023 | theglobeandmail.com
Bank of Nova Scotia warns Alberta’s royalty plan could damage reputations of oil and gas companies
February 10, 2023 | ca.finance.yahoo.com
Better Buy: Bank of Nova Scotia Stock vs. BCE
February 8, 2023 | finance.yahoo.com
Bank of Nova Scotia (BNS) Stock Moves -1.05%: What You Should Know
February 8, 2023 | seekingalpha.com
Bank of Nova Scotia: A Good Combination Of Income And Value
February 8, 2023 | finance.yahoo.com
This High-Yield Bank Stock Is Safer Than You Think
February 5, 2023 | theglobeandmail.com
Bank of Nova Scotia expands its U.S. credit business
See More Headlines
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BNS Company Calendar

Last Earnings
11/30/2021
Ex-Dividend for 1/27 Dividend
1/03/2023
Dividend Payable
1/27/2023
Today
3/22/2023
Ex-Dividend for 4/26 Dividend
4/03/2023
Dividend Payable
4/26/2023
Next Earnings (Estimated)
5/24/2023
Fiscal Year End
10/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NYSE:BNS
CUSIP
N/A
CIK
9631
Web
www.scotiabank.com
Phone
(416) 866-6161
Fax
416-866-3750
Employees
90,979
Year Founded
1832

Price Target and Rating

Average Stock Price Forecast
$87.15
High Stock Price Forecast
$97.00
Low Stock Price Forecast
$77.00
Forecasted Upside/Downside
+79.0%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
10 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$5.56
Trailing P/E Ratio
8.76
Forward P/E Ratio
8.63
P/E Growth
1.95
Net Income
$7.70 billion
Net Margins
17.03%
Pretax Margin
23.01%
Return on Equity
15.08%
Return on Assets
0.76%

Debt

Debt-to-Equity Ratio
0.52
Current Ratio
1.04
Quick Ratio
1.04

Sales & Book Value

Annual Sales
$36.40 billion
Price / Sales
1.59
Cash Flow
$8.00 per share
Price / Cash Flow
6.09
Book Value
$43.47 per share
Price / Book
1.12

Miscellaneous

Outstanding Shares
1,191,760,000
Free Float
N/A
Market Cap
$58.04 billion
Optionable
Optionable
Beta
1.01

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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













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 year. There are currently 9 hold ratings and 1 buy rating 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 2023?

10 Wall Street analysts have issued 12-month price targets for Bank of Nova Scotia's stock. Their BNS share price forecasts range from $77.00 to $97.00. On average, they predict the company's stock price to reach $87.15 in the next twelve months. This suggests a possible upside of 79.4% 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 on January 1st, 2023. Since then, BNS shares have decreased by 0.8% and is now trading at $48.58.
View the best growth stocks for 2023 here.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
View our BNS earnings forecast.

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

The Bank of Nova Scotia (NYSE:BNS) issued its earnings results on Tuesday, November, 30th. The bank reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.57. The bank had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.95 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 15.08% and a net margin of 17.03%. Bank of Nova Scotia's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 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 Tuesday, February 28th. Stockholders of record on Tuesday, April 4th will be given a dividend of $0.774 per share on Wednesday, April 26th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date is Monday, April 3rd. This is a positive change from the stock's previous quarterly dividend of $0.76.
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 6.33%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 50.00% 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 retail and institutional investors. Top institutional shareholders include Toronto Dominion Bank (2.22%), National Bank of Canada FI (1.92%), TD Asset Management Inc (1.66%), Mackenzie Financial Corp (1.39%), 1832 Asset Management L.P. (1.36%) and Jarislowsky Fraser Ltd (1.16%).

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 $48.58.

How much money does Bank of Nova Scotia make?

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $57.90 billion and generates $36.40 billion in revenue each year. The bank earns $7.70 billion in net income (profit) each year or $5.56 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.
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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 3/22/2023 by MarketBeat.com Staff