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NYSE:BNS

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

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$46.35
-0.69 (-1.47%)
(As of 06/14/2024 ET)
Compare
Today's Range
$46.07
▼
$46.64
50-Day Range
$45.88
▼
$50.45
52-Week Range
$39.79
▼
$51.98
Volume
1.29 million shs
Average Volume
1.63 million shs
Market Capitalization
$56.99 billion
P/E Ratio
10.44
Dividend Yield
6.77%
Price Target
$68.00
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
46.7% Upside
$68.00 Price Target
Short Interest
Bearish
1.84% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.12mentions of Bank of Nova Scotia in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.85%
From $4.82 to $5.15 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.86 out of 5 stars

Finance Sector

526th out of 871 stocks

State Commercial Banks Industry

134th out of 174 stocks

See Top Rated MarketRank™ Stocks Here
BNS stock logo

About Bank of Nova Scotia Stock (NYSE:BNS)

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 Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it 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 alternatives, and institutional funds. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.

BNS Stock Price History

BNS Stock News Headlines

June 15 at 10:00 AM | fool.com
2 Bank Stocks to Buy at a Discount
June 10, 2024 | fool.com
2 High-Yield Stocks That Are Screaming Buys in June
June 7, 2024 | seekingalpha.com
Bank of Nova Scotia: Pressure On Residential Mortgage Loans Remains
June 6, 2024 | seekingalpha.com
The Bank of Nova Scotia (BNS) TD Financial Services and Fintech Summit Conference (Transcript)
May 29, 2024 | finance.yahoo.com
Scotiabank's Sloane Muldoon awarded Employment Equity Champion in Employment Equity Achievement Awards
May 29, 2024 | markets.businessinsider.com
Analysts Offer Insights on Financial Companies: Ares Capital (ARCC) and Bank Of Nova Scotia (BNS)
May 29, 2024 | msn.com
Scotiabank Is Down 0.9% After Earnings: What Investors Need to Know
May 29, 2024 | finance.yahoo.com
Scotiabank on Finance Minister Freeland's Comments on A Bank of Canada Rate Cut; 1st of 2 Parts
May 29, 2024 | finance.yahoo.com
Scotiabank on Finance Minister Freeland's Comments on A Bank of Canada Rate Cut; 2nd of 2 Parts
May 29, 2024 | seekingalpha.com
The Bank of Nova Scotia 2024 Q2 - Results - Earnings Call Presentation
May 28, 2024 | msn.com
Scotiabank's international operations show signs of improvement as earnings top expectations
May 28, 2024 | msn.com
Scotiabank Beats The Odds: Solid Revenue Growth & Capital Strength Highlight Q2 Earnings
May 28, 2024 | ca.finance.yahoo.com
Stocks in play: The Bank of Nova Scotia
May 28, 2024 | investopedia.com
Scotiabank Beats Estimates as Wealth Management, Global Profits Grow
May 24, 2024 | msn.com
Bank of Nova Scotia (TSE:BNS) Pre-Earnings: Here’s What to Expect
May 22, 2024 | fool.com
Want Decades of Passive Income? 3 Stocks to Buy Right Now
May 22, 2024 | seekingalpha.com
Scotiabank: Hold Rating Maintained Ahead Of Q2 Earnings
May 21, 2024 | finance.yahoo.com
Bank of Canada Has a Stronger Case for A July Rate Cut After April's CPI, Says Scotiabank
May 21, 2024 | finance.yahoo.com
Scotiabank Previews Tuesday's CPI Data in Canada; 2nd of 2 Parts
May 20, 2024 | fool.com
Forget Toronto-Dominion Bank, Buy This Magnificent Bank Stock Instead
May 17, 2024 | proactiveinvestors.com
Prepare for volatility from Canadian banks 2Q earnings, Bank of America says
May 17, 2024 | markets.businessinsider.com
Bank Of Nova Scotia (BNS) Receives a Hold from RBC Capital
May 16, 2024 | finance.yahoo.com
Scotiabank Comments on Canada's Housing Market
May 13, 2024 | msn.com
Canadian Bank Stocks Mostly Up despite Fossil Fuel Letdown
May 13, 2024 | finance.yahoo.com
Scotiabank on Comments Savings Among Households in Canada
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 4/26 Dividend
4/01/2024
Dividend Payable
4/26/2024
Today
6/15/2024
Ex-Dividend for 7/29 Dividend
7/03/2024
Dividend Payable
7/29/2024
Next Earnings (Estimated)
9/03/2024
Fiscal Year End
10/31/2024
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Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NYSE:BNS
CUSIP
N/A
CIK
9631
Web
www.scotiabank.com
Phone
(416) 866-6161
Fax
416-866-3750
Employees
89,483
Year Founded
1832

Price Target and Rating

Average Stock Price Target
$68.00
High Stock Price Target
$70.00
Low Stock Price Target
$66.00
Potential Upside/Downside
+46.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.44
Trailing P/E Ratio
10.44
Forward P/E Ratio
9.62
P/E Growth
1.74
Net Income
$5.49 billion
Net Margins
10.40%
Pretax Margin
12.73%
Return on Equity
11.40%
Return on Assets
0.58%

Debt

Debt-to-Equity Ratio
0.57
Current Ratio
1.03
Quick Ratio
1.03

Sales & Book Value

Annual Sales
$52.53 billion
Price / Sales
1.09
Cash Flow
$6.10 per share
Price / Cash Flow
7.60
Book Value
$43.31 per share
Price / Book
1.07

Miscellaneous

Outstanding Shares
1,229,570,000
Free Float
N/A
Market Cap
$56.99 billion
Optionable
Optionable
Beta
1.05

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Key Executives

  • Mr. L. Scott Thomson (Age 54)
    President, CEO & Director
    Comp: $2.78M
  • Mr. Rajagopal ViswanathanMr. Rajagopal Viswanathan
    Group Head & CFO
  • Mr. Francisco Alberto Aristeguieta Silva (Age 59)
    Group Head of International Banking
    Comp: $1.42M
  • Dr. Michael Zerbs Ph.D.
    Group Head of Technology & Operations
  • Mr. John McCartney
    Head of Investor Relations
  • Mr. Ian Arellano
    Executive VP & General Counsel
  • Ms. Nicole Frew
    Executive VP & Chief Compliance Officer
  • Ms. Meigan Terry
    Senior VP, Chief Sustainability of Social Impact & Communications Officer
  • Ms. Jenny Poulos
    Chief Human Resources Officer
  • Ms. Anya M. Schnoor B.A.
    M.B.A., Executive Vice President of Caribbean, Central America

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy Bank of Nova Scotia Stock? BNS Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Bank of Nova Scotia:

  • The Bank of Nova Scotia has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The current stock price of The Bank of Nova Scotia is trading at a discount compared to its intrinsic value, presenting a potential buying opportunity for investors.
  • The Bank of Nova Scotia has a solid dividend yield, providing investors with a steady income stream.
  • The company has a strong presence in international markets, diversifying its revenue streams and reducing risk.
  • The Bank of Nova Scotia has a history of prudent risk management practices, ensuring stability in volatile market conditions.

Cons

Investors should be bearish about investing in The Bank of Nova Scotia for these reasons:

  • The Bank of Nova Scotia faces regulatory challenges in certain markets, which could impact its profitability and growth prospects.
  • Increasing competition in the banking sector may put pressure on The Bank of Nova Scotia's market share and margins.
  • Economic uncertainties and fluctuations in interest rates could affect the bank's lending business and overall profitability.
  • The Bank of Nova Scotia's exposure to volatile commodity prices in certain regions may lead to potential risks in its loan portfolio.
  • Market volatility and geopolitical events could impact The Bank of Nova Scotia's stock price, leading to short-term fluctuations.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, June 5, 2024. Please send any questions or comments about these Bank of Nova Scotia pros and cons to contact@marketbeat.com.

BNS Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of Nova Scotia stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" BNS shares.
View BNS analyst ratings or view top-rated stocks.

What is Bank of Nova Scotia's stock price target for 2024?

4 Wall Street analysts have issued twelve-month target prices for Bank of Nova Scotia's stock. Their BNS share price targets range from $66.00 to $70.00. On average, they predict the company's stock price to reach $68.00 in the next year. This suggests a possible upside of 46.7% 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 2024?

Bank of Nova Scotia's stock was trading at $48.69 at the beginning of 2024. Since then, BNS stock has decreased by 4.8% and is now trading at $46.35.
View the best growth stocks for 2024 here.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 23,320,000 shares, an increase of 7.1% from the April 30th total of 21,770,000 shares. Based on an average daily trading volume, of 1,810,000 shares, the short-interest ratio is presently 12.9 days. Currently, 1.9% of the company's shares are short sold.
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, September 3rd 2024.
View our BNS earnings forecast.

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

The Bank of Nova Scotia (NYSE:BNS) announced its earnings results on Tuesday, February, 27th. The bank reported $1.25 EPS for the quarter, beating the consensus estimate of $1.19 by $0.06. The bank had revenue of $14.13 billion for the quarter, compared to analyst estimates of $6.01 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 11.40% and a net margin of 10.40%. During the same period last year, the company earned $1.37 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 announced a quarterly dividend on Tuesday, May 28th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.769 per share on Monday, July 29th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date of this dividend is Wednesday, July 3rd.
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 $3.14 per share and currently has a dividend yield of 6.67%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 70.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 60.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BNS.

What ETFs hold Bank of Nova Scotia's stock?

ETFs with the largest weight of Bank of Nova Scotia (NYSE:BNS) stock in their portfolio include Franklin FTSE Canada ETF (FLCA), JPMorgan BetaBuilders Canada ETF (BBCA), iShares MSCI Canada ETF (EWC), iShares Transition-Enabling Metals ETF (TMET), Franklin International Low Volatility High Dividend Index ETF (LVHI), iShares International Select Dividend ETF (IDV), First Trust S&P International Dividend Aristocrats ETF (FID) and Virtus WMC International Dividend ETF (VWID).

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).

Who are Bank of Nova Scotia's major shareholders?

Bank of Nova Scotia's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.92%), Toronto Dominion Bank (2.03%), TD Asset Management Inc (1.55%), 1832 Asset Management L.P. (1.38%), Healthcare of Ontario Pension Plan Trust Fund (1.18%) and Canada Pension Plan Investment Board (0.33%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:BNS) was last updated on 6/15/2024 by MarketBeat.com Staff

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