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Bank of Nova Scotia Stock Forecast, Price & News

$72.83
-0.92 (-1.25%)
(As of 01/19/2022 04:00 PM ET)
Add
Compare
Today's Range
$72.61
$74.18
50-Day Range
$62.43
$73.75
52-Week Range
$52.97
$74.24
Volume
1.74 million shs
Average Volume
2.13 million shs
Market Capitalization
$87.90 billion
P/E Ratio
11.92
Dividend Yield
4.28%
Beta
0.97
30 days | 90 days | 365 days | Advanced Chart
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Bank of Nova Scotia logo

About Bank of Nova Scotia

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 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.

Headlines

Bank of Nova Scotia (NYSE:BNS) Hits New 52-Week High at $70.06
December 27, 2021 |  americanbankingnews.com
Best Income Stocks to Buy for December 27th
December 27, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$31.20 billion
Cash Flow
$7.34 per share
Book Value
$43.74 per share

Profitability

Net Income
$7.65 billion
Pretax Margin
32.65%

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares
1,206,976,000
Free Float
N/A
Market Cap
$87.90 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 10/27 Dividend
10/04/2021
Dividend Payable
10/27/2021
Last Earnings
11/30/2021
Ex-Dividend for 1/27 Dividend
1/03/2022
Today
1/19/2022
Dividend Payable
1/27/2022
Next Earnings (Estimated)
2/22/2022
Fiscal Year End
10/31/2022

Social Links


MarketRank

Overall MarketRank

3.08 out of 5 stars

Finance Sector

48th out of 1,350 stocks

State Commercial Banks Industry

4th out of 234 stocks

Analyst Opinion: 4.4Community Rank: 4.4Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -












Bank of Nova Scotia (NYSE:BNS) Frequently Asked Questions

Is Bank of Nova Scotia a buy right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 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 analysts is that investors should "buy" Bank of Nova Scotia stock.
View analyst ratings for Bank of Nova Scotia
or view top-rated stocks.

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

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. Since then, BNS stock has increased by 71.2% and is now trading at $72.83.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a increase in short interest in December. As of December 31st, there was short interest totaling 3,890,000 shares, an increase of 15.8% from the December 15th total of 3,360,000 shares. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is presently 2.9 days. Approximately 0.3% 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?

Bank of Nova Scotia is scheduled to release its next quarterly earnings announcement on Tuesday, February 22nd 2022.
View our earnings forecast for Bank of Nova Scotia
.

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

The Bank of Nova Scotia (NYSE:BNS) posted its earnings results on Tuesday, November, 30th. The bank reported $2.10 EPS for the quarter, topping the Zacks' 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 14.86% and a net margin of 24.64%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share.
View Bank of Nova Scotia's earnings history
.

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, December 1st. Shareholders of record on Tuesday, January 4th will be given a dividend of $0.7817 per share on Thursday, January 27th. This represents a $3.13 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Monday, January 3rd. This is an increase from Bank of Nova Scotia's previous quarterly dividend of $0.71.
View Bank of Nova Scotia's dividend history
.

Is Bank of Nova Scotia a good dividend stock?

Bank of Nova Scotia pays an annual dividend of $3.16 per share and currently has a dividend yield of 4.28%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Bank of Nova Scotia does not yet have a strong track record of dividend growth. The dividend payout ratio of Bank of Nova Scotia is 51.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bank of Nova Scotia will have a dividend payout ratio of 46.13% next year. This indicates that Bank of Nova Scotia will be able to sustain or increase its dividend.
View Bank of Nova Scotia's dividend history.

What price target have analysts set for BNS?

10 Wall Street analysts have issued twelve-month price objectives for Bank of Nova Scotia's stock. Their forecasts range from $84.00 to $100.91. On average, they anticipate Bank of Nova Scotia's stock price to reach $92.77 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price.
View analysts' price targets for Bank of Nova Scotia
or view top-rated stocks among Wall Street analysts.

What are Wall Street analysts saying about Bank of Nova Scotia stock?

Here are some recent quotes from research analysts about Bank of Nova Scotia stock:
  • 1. Fundamental Research analysts commented, "Fundamental Research Corp has issued a report entitled “BNS Has the Highest Upside Potential” and dated December 7, 2021. The full report is now at www.researchfrc.com.


    BNS is an FRC Top Pick." (12/7/2021)
  • 2. According to Zacks Investment Research, "Bank of Nova Scotia is one of North America's premier financial institutions and Canada's most international bank. They offer a diverse range of products and services including personal, commercial, corporate and investment banking. Scotiabank has built long-term value and recorded consistent earnings growth by building on its core strengths and by executing exceptionally well in its core businesses. These include Domestic Banking, Wealth Management, International Banking and Scotia Capital. " (12/3/2021)

Who are Bank of Nova Scotia's key executives?

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 & Group Head
  • Michael Zerbs, Group Head-Technology & Operations
  • Ashley Veasey, Global CIO-Business Technology & Executive VP

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

1,585 employees have rated Bank of Nova Scotia CEO Brian J. Porter on Glassdoor.com. Brian J. Porter has an approval rating of 86% among Bank of Nova Scotia'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 retail and institutional investors. Top institutional investors include Cardinal Capital Management Inc. (0.16%), Addenda Capital Inc. (0.13%), Value Partners Investments Inc. (0.08%), QV Investors Inc. (0.07%), M&G Investment Management Ltd. (0.07%) and Nexus Investment Management ULC (0.05%).

Which institutional investors are selling Bank of Nova Scotia stock?

BNS stock was sold by a variety of institutional investors in the last quarter, including Cutler Group LP, Pendal Group Ltd, QV Investors Inc., Value Partners Investments Inc., Crossmark Global Holdings Inc., and Addenda Capital Inc..

Which institutional investors are buying Bank of Nova Scotia stock?

BNS stock was acquired by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., M&G Investment Management Ltd., Clear Street Markets LLC, Nexus Investment Management ULC, Ritholtz Wealth Management, Pacifica Partners Inc., Martin Capital Partners LLC, and Sara Bay Financial.

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

One share of BNS stock can currently be purchased for approximately $72.83.

How much money does Bank of Nova Scotia make?

Bank of Nova Scotia has a market capitalization of $87.90 billion and generates $31.20 billion in revenue each year. The bank earns $7.65 billion in net income (profit) each year or $6.11 on an earnings per share basis.

How many employees does Bank of Nova Scotia have?

Bank of Nova Scotia 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.

When was Bank of Nova Scotia founded?

Bank of Nova Scotia was founded in 1832.

What is Bank of Nova Scotia's official website?

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

Where are Bank of Nova Scotia's headquarters?

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

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 bank can be reached via phone at (416) 866-6161, via email at [email protected], or via fax at 416-866-3750.


This page was last updated on 1/19/2022 by MarketBeat.com Staff

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