Bank of Nova Scotia (BNS) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 1 buy rating 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.

8 brokerages have issued 12 month target prices for Bank of Nova Scotia's shares. Their BNS share price forecasts range from $77.00 to $95.00. On average, they anticipate the company's stock price to reach $86.06 in the next year. This suggests a possible upside of 75.4% from the stock's current price.
View analysts price targets for BNS or view top-rated stocks among Wall Street analysts.

Bank of Nova Scotia's stock was trading at $48.98 at the beginning of 2023. Since then, BNS shares have increased by 0.2% and is now trading at $49.06.
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Bank of Nova Scotia saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 19,920,000 shares, a decrease of 29.7% from the April 15th total of 28,350,000 shares. Based on an average daily trading volume, of 1,550,000 shares, the days-to-cover ratio is presently 12.9 days. Approximately 1.7% of the shares of the stock are sold short.
View Bank of Nova Scotia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 22nd 2023.
View our BNS earnings forecast.

The Bank of Nova Scotia (NYSE:BNS) released its earnings results on Tuesday, February, 28th. The bank reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $1.52 by $0.15. The bank earned $5.93 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 13.99% and a net margin of 14.16%.

Bank of Nova Scotia declared a quarterly dividend on Thursday, May 25th. Shareholders of record on Wednesday, July 5th will be paid a dividend of $0.7851 per share on Thursday, July 27th. This represents a $3.14 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend is Monday, July 3rd. This is a positive change from the stock's previous quarterly dividend of $0.77.
Read our dividend analysis for BNS.

Bank of Nova Scotia (NYSE:BNS) pays an annual dividend of $3.05 per share and currently has a dividend yield of 6.22%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 59.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 52.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BNS.

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.

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).

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

Bank of Nova Scotia's stock is owned by a variety of retail and institutional investors. Top institutional investors include Toronto Dominion Bank (1.92%), National Bank of Canada FI (1.57%), 1832 Asset Management L.P. (1.35%), Mackenzie Financial Corp (1.30%), Jarislowsky Fraser Ltd (1.13%) and Scotia Capital Inc. (1.09%).

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.
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One share of BNS stock can currently be purchased for approximately $49.06.

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $58.78 billion and generates $36.40 billion in revenue each year. The bank earns $7.70 billion in net income (profit) each year or $5.09 on an earnings per share basis.

The company employs 90,979 workers across the globe.

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.