NYSE:BNS

The Bank of Nova Scotia Stock Forecast, Price & News

$62.07
-0.37 (-0.59 %)
(As of 08/2/2021 12:09 PM ET)
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Today's Range
$62.05
$63.49
50-Day Range
$60.29
$68.00
52-Week Range
$40.15
$68.02
Volume16,251 shs
Average Volume1.39 million shs
Market Capitalization$75.40 billion
P/E Ratio13.07
Dividend Yield2.21%
Beta0.93
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The Bank of Nova Scotia logo

About The Bank of Nova Scotia

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 Banking and Markets, and Other. The Other segment includes group treasury, smaller operating segments and business line elimination items. The company was founded on March 30, 1832 and is headquartered in Toronto, Canada.

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MarketRank

Overall MarketRank

3.04 out of 5 stars

Finance Sector

24th out of 2,042 stocks

State Commercial Banks Industry

2nd out of 312 stocks

Analyst Opinion: 4.4Community Rank: 4.4Dividend 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 equities research analysts have issued "buy," "hold," and "sell" ratings for The Bank of Nova Scotia in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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.

Are investors shorting The Bank of Nova Scotia?

The Bank of Nova Scotia saw a increase in short interest in July. As of July 15th, there was short interest totaling 6,500,000 shares, an increase of 74.7% from the June 30th total of 3,720,000 shares. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is currently 4.7 days.
View The Bank of Nova Scotia's Short Interest
.

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) issued its quarterly earnings results on Monday, May, 31st. The bank reported $1.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.39 by $0.51. The bank had revenue of $7.74 billion for the quarter, compared to the consensus estimate of $7.86 billion. The Bank of Nova Scotia had a trailing twelve-month return on equity of 12.15% and a net margin of 19.62%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business 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 Coronavirus (COVID-19)?

The Bank of Nova Scotia's stock was trading at $42.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BNS stock has increased by 46.8% and is now trading at $62.44.
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 given 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 4.77%. The ex-dividend date of this dividend is Friday, July 2nd. This is a positive change 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 $1.38 per share and currently has a dividend yield of 2.21%. 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 34.59%. 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 21.30% 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 brokers have issued 12-month price targets for The Bank of Nova Scotia's stock. Their forecasts range from $66.04 to $93.00. On average, they anticipate The Bank of Nova Scotia's stock price to reach $83.10 in the next twelve months. This suggests a possible upside of 33.1% 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:
  • Brian Johnston Porter, President, CEO & Non-Independent Director
  • Loretta Marcoccia, Chief Operating Officer, EVP-Global Banking
  • Rajagopal Viswanathan, Chief Financial Officer & Executive Vice President
  • Michael Zerbs, Group Head-Technology & Operations
  • Ashley Veasey, Global CIO-Business Technology & Executive VP

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 a number of institutional and retail investors. Top institutional investors include Letko Brosseau & Associates Inc. (0.37%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Cardinal Capital Management Inc. (0.15%), Addenda Capital Inc. (0.14%), Scheer Rowlett & Associates Investment Management Ltd. (0.13%) and Value Partners Investments Inc. (0.09%).

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

BNS stock was sold by a variety of institutional investors in the last quarter, including Letko Brosseau & Associates Inc., Sumitomo Mitsui Trust Holdings Inc., QV Investors Inc., PCJ Investment Counsel Ltd., Alliancebernstein L.P., Scheer Rowlett & Associates Investment Management Ltd., DORCHESTER WEALTH MANAGEMENT Co, and Howland Capital Management LLC.

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

BNS stock was acquired by a variety of institutional investors in the last quarter, including Unigestion Holding SA, Marathon Asset Management LLP, Addenda Capital Inc., Cutler Group LP, Avalon Investment & Advisory, Cardinal Capital Management Inc., Brookstone Capital Management, and Zurcher Kantonalbank Zurich Cantonalbank .

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 $62.44.

How much money does The Bank of Nova Scotia make?

The Bank of Nova Scotia has a market capitalization of $75.85 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) 866-6161 or via email at [email protected]


This page was last updated on 8/2/2021 by MarketBeat.com Staff
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