S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
The How and Why of Investing in Gold Stocks
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
Trump says he took the Fifth in NY civil investigation
How High Can Copper Go? (Ad)
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
Rhine River could fall below critical mark, risking industry
Investors Look to Capitalize on the Budding Green Revolution (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
The How and Why of Investing in Gold Stocks
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
Trump says he took the Fifth in NY civil investigation
How High Can Copper Go? (Ad)
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
Rhine River could fall below critical mark, risking industry
Investors Look to Capitalize on the Budding Green Revolution (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
The How and Why of Investing in Gold Stocks
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
Trump says he took the Fifth in NY civil investigation
How High Can Copper Go? (Ad)
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
Rhine River could fall below critical mark, risking industry
Investors Look to Capitalize on the Budding Green Revolution (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
The How and Why of Investing in Gold Stocks
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
Trump says he took the Fifth in NY civil investigation
How High Can Copper Go? (Ad)
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
Rhine River could fall below critical mark, risking industry
Investors Look to Capitalize on the Budding Green Revolution (Ad)
NYSE:BNS

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

$62.13
+1.79 (+2.97%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$60.92
$62.53
50-Day Range
$54.75
$68.40
52-Week Range
$54.23
$74.86
Volume
943,995 shs
Average Volume
1.04 million shs
Market Capitalization
$74.14 billion
P/E Ratio
9.44
Dividend Yield
5.30%
Price Target
$94.39

Bank of Nova Scotia MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
51.9% Upside
$94.39 Price Target
Short Interest
Healthy
1.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.12mentions of Bank of Nova Scotia in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.54%
From $6.68 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.

2.60 out of 5 stars

Finance Sector

400th out of 906 stocks

State Commercial Banks Industry

80th out of 185 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 BNS opened at $62.13 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $74.14 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 1.51 and a beta of 0.94. The company has a 50-day moving average of $60.56 and a two-hundred day moving average of $66.37. Bank of Nova Scotia has a one year low of $54.23 and a one year high of $74.86.

Bank of Nova Scotia (NYSE:BNS - Get Rating) (TSE:BNS) last posted its quarterly earnings results on Wednesday, May 25th. The bank reported $1.72 EPS for the quarter, topping the consensus estimate of $1.53 by $0.19. The business had revenue of $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 return on equity of 15.66%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. On average, equities research analysts expect that Bank of Nova Scotia will post 6.68 earnings per share for the current year.

Bank of Nova Scotia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Tuesday, July 5th were issued a dividend of $0.801 per share. This is a boost from Bank of Nova Scotia's previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend was Friday, July 1st. Bank of Nova Scotia's dividend payout ratio (DPR) is currently 48.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BNS. Desjardins lowered their price objective on shares of Bank of Nova Scotia from C$96.00 to C$94.00 in a research note on Friday, May 27th. Royal Bank of Canada lifted their price objective on shares of Bank of Nova Scotia from C$93.00 to C$94.00 in a research note on Thursday, May 26th. National Bank Financial lifted their price objective on shares of Bank of Nova Scotia from C$90.00 to C$91.00 in a research note on Thursday, May 26th. Bank of America cut shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 17th. Finally, Canaccord Genuity Group lifted their price objective on shares of Bank of Nova Scotia from C$89.00 to C$92.00 in a research note on Thursday, May 26th. 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.com, Bank of Nova Scotia presently has a consensus rating of "Hold" and a consensus price target of $93.90.

Receive BNS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Bank of Nova Scotia and its competitors with MarketBeat's FREE daily newsletter.

BNS Stock News Headlines

Scotiabank Launches Scotia TranXact™
Investors Look to Capitalize on the Budding Green Revolution
Lithium is the uncontested fuel of the green energy revolution. One little-known small-cap lithium mining company in a renowned South American location has started attracting interest from opportunity-minded investors.
Scotiabank to Announce Third Quarter 2022 Results
1832 Asset Management announces sub-advisor change
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo?
Communist China has the USA in a resource stranglehold. They have a monopoly on this CRITICAL metal that we desperately need for military technology. In fact, both Trump AND Biden passed executive orders that addressed this crisis. And it could have a massive effect on smart investor's bank accounts.
Bank of Nova Scotia (BNS) Could Be a Great Choice
See More Headlines
Receive BNS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Bank of Nova Scotia and its competitors with MarketBeat's FREE daily newsletter.

BNS Company Calendar

Last Earnings
5/25/2022
Ex-Dividend for 7/27 Dividend
7/01/2022
Dividend Payable
7/27/2022
Today
8/10/2022
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
$94.39
High Stock Price Forecast
$100.91
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+51.9%
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
$7.63 per share
Book Value
$43.74 per share

Miscellaneous

Outstanding Shares
1,193,300,000
Free Float
N/A
Market Cap
$74.14 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 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 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 Wall Street research analysts have issued 12-month price targets for Bank of Nova Scotia's shares. Their BNS share price forecasts range from $90.00 to $100.91. On average, they predict the company's share price to reach $94.39 in the next twelve months. This suggests a possible upside of 51.9% 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 at the beginning of the year. Since then, BNS shares have decreased by 13.3% and is now trading at $62.13.
View the best growth stocks for 2022 here
.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 22,680,000 shares, a drop of 37.8% from the July 15th total of 36,450,000 shares. Based on an average trading volume of 1,500,000 shares, the short-interest ratio is currently 15.1 days. Currently, 1.9% of the shares of the company 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) announced its quarterly earnings results on Wednesday, May, 25th. The bank reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.19. The bank earned $7.94 billion during 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 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. Shareholders 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 annualized dividend and a yield of 5.16%. 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 5.30%. 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 variety of institutional and retail investors. Top institutional investors include TD Asset Management Inc. (1.90%), Mackenzie Financial Corp (1.50%), Jarislowsky Fraser Ltd (1.21%), Scotia Capital Inc. (1.00%), Connor Clark & Lunn Investment Management Ltd. (0.88%) and National Bank of Canada FI (0.28%).

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 $62.13.

How much money does Bank of Nova Scotia make?

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $74.14 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 8/11/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.