The Bank of Nova Scotia Stock Forecast, Price & News

$65.42
-1.38 (-2.07 %)
(As of 06/17/2021 05:10 PM ET)
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Today's Range
$65.24
$66.90
50-Day Range
$60.81
$68.00
52-Week Range
$39.56
$68.02
Volume3.09 million shs
Average Volume1.39 million shs
Market Capitalization$79.39 billion
P/E Ratio13.77
Dividend Yield3.07%
Beta0.94
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The Bank of Nova Scotia logo

About The Bank of Nova Scotia

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 through Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management segments. 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 businesses and commercial customers, 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 Internet, mobile, and telephone banking services. The company operates a network of 952 branches and approximately 3,540 automated banking machines in Canada; and approximately 1,400 branches, 5,200 ATMs, and 22 contact centers internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.

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MarketRank

Overall MarketRank

2.66 out of 5 stars

Finance Sector

20th out of 1,977 stocks

State Commercial Banks Industry

1st out of 311 stocks

Analyst Opinion: 4.4Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 3.1 5 -4 -3 -2 -1 -
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The Bank of Nova Scotia (NYSE:BNS) Frequently Asked Questions

Is The Bank of Nova Scotia a buy right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Bank of Nova Scotia in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" The Bank of Nova Scotia stock.
View analyst ratings for The Bank of Nova Scotia
or view top-rated stocks.

What stocks does MarketBeat like better than The Bank of Nova Scotia?

Wall Street analysts have given The Bank of Nova Scotia a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but The Bank of Nova Scotia wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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

The Bank of Nova Scotia is scheduled to release its next quarterly earnings announcement on Tuesday, August 24th 2021.
View our earnings forecast for The Bank of Nova Scotia
.

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

The Bank of Nova Scotia (NYSE:BNS) released its quarterly earnings results on Monday, May, 31st. The bank reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.51. The bank earned $7.74 billion during the quarter, compared to analysts' expectations of $7.86 billion. The Bank of Nova Scotia had a net margin of 19.62% and a trailing twelve-month return on equity of 12.15%. The firm's revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share.
View The Bank of Nova Scotia's earnings history
.

How has The Bank of Nova Scotia's stock been impacted by COVID-19 (Coronavirus)?

The Bank of Nova Scotia's stock was trading at $42.54 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BNS stock has increased by 53.8% and is now trading at $65.42.
View which stocks have been most impacted by COVID-19
.

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

The Bank of Nova Scotia declared a quarterly dividend on Wednesday, June 2nd. Shareholders of record on Tuesday, July 6th will be paid a dividend of $0.745 per share on Wednesday, July 28th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Friday, July 2nd. This is an increase from The Bank of Nova Scotia's previous quarterly dividend of $0.71.
View The Bank of Nova Scotia's dividend history
.

Is The Bank of Nova Scotia a good dividend stock?

The Bank of Nova Scotia pays an annual dividend of $2.05 per share and currently has a dividend yield of 3.07%. The Bank of Nova Scotia does not yet have a strong track record of dividend growth. The dividend payout ratio of The Bank of Nova Scotia is 51.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The Bank of Nova Scotia will have a dividend payout ratio of 33.17% next year. This indicates that The Bank of Nova Scotia will be able to sustain or increase its dividend.
View The Bank of Nova Scotia's dividend history.

What price target have analysts set for BNS?

10 equities research analysts have issued 1-year price targets for The Bank of Nova Scotia's stock. Their forecasts range from $66.04 to $93.00. On average, they expect The Bank of Nova Scotia's share price to reach $83.00 in the next year. This suggests a possible upside of 26.9% from the stock's current price.
View analysts' price targets for The Bank of Nova Scotia
or view top-rated stocks among Wall Street analysts.

Who are The Bank of Nova Scotia's key executives?

The Bank of Nova Scotia's management team includes the following people:
  • Mr. Brian Johnston Porter B.Com., A.M.P., Pres, CEO & Director (Age 63, Pay $2.85M) (LinkedIn Profile)
  • 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 & Group Head of Global Banking and Markets (LinkedIn Profile)
  • Ms. Tracy Bryan, Exec. VP of Global Operations
  • Mr. James A. Neate, Pres & Group Head of Corp. and Investment Banking
  • Dr. Michael Zerbs, Group Head of Technology & Operations (LinkedIn Profile)
  • Mr. Philip Stephen Watson Smith, Sr. VP of Investor Relations
  • Mr. Ian Arellano, Exec. VP & Gen. Counsel

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

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

Who are some of The Bank of Nova Scotia's key competitors?

What other stocks do shareholders of The Bank of Nova Scotia own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Bank of Nova Scotia investors own include AT&T (T), Freehold Royalties (FRU), The 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 The Bank of Nova Scotia's stock symbol?

The Bank of Nova Scotia trades on the New York Stock Exchange (NYSE) under the ticker symbol "BNS."

Who are The Bank of Nova Scotia's major shareholders?

The Bank of Nova Scotia's stock is owned by many different retail and institutional investors. Top institutional investors include TD Asset Management Inc. (2.13%), FIL Ltd (1.98%), Toronto Dominion Bank (1.29%), The Manufacturers Life Insurance Company (0.86%), CIBC Asset Management Inc (0.73%) and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp (0.62%).

Which institutional investors are selling The Bank of Nova Scotia stock?

BNS stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Toronto Dominion Bank, Healthcare of Ontario Pension Plan Trust Fund, Canada Pension Plan Investment Board, TD Asset Management Inc., Renaissance Technologies LLC, Letko Brosseau & Associates Inc., and OMERS ADMINISTRATION Corp.

Which institutional investors are buying The Bank of Nova Scotia stock?

BNS stock was acquired by a variety of institutional investors in the last quarter, including FIL Ltd, Mufg Securities Canada LTD., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, CIBC Asset Management Inc, Jupiter Asset Management Ltd., Russell Investments Group Ltd., Credit Suisse AG, and BlackRock Inc..

How do I buy shares of The 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 The Bank of Nova Scotia's stock price today?

One share of BNS stock can currently be purchased for approximately $65.42.

How much money does The Bank of Nova Scotia make?

The Bank of Nova Scotia has a market capitalization of $79.39 billion and generates $32.52 billion in revenue each year. The bank earns $5.04 billion in net income (profit) each year or $3.99 on an earnings per share basis.

How many employees does The Bank of Nova Scotia have?

The Bank of Nova Scotia employs 92,001 workers across the globe.

Does The Bank of Nova Scotia have any subsidiaries?

The following companies are subsidiares of The 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.

When was The Bank of Nova Scotia founded?

The Bank of Nova Scotia was founded in 1832.

What is The Bank of Nova Scotia's official website?

The official website for The Bank of Nova Scotia is www.scotiabank.com.

Where are The Bank of Nova Scotia's headquarters?

The Bank of Nova Scotia is headquartered at 44 KING STREET WEST SCOTIA PLAZA 8TH FL., TORONTO A6, M5H 1H1.

How can I contact The Bank of Nova Scotia?

The Bank of Nova Scotia's mailing address is 44 KING STREET WEST SCOTIA PLAZA 8TH FL., TORONTO A6, M5H 1H1. The bank can be reached via phone at 416-866-3672 or via email at investor.[email protected]


This page was last updated on 6/17/2021 by MarketBeat.com Staff
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