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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 2 sell ratings, 7 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.

10 analysts have issued 12 month price targets for Bank of Nova Scotia's stock. Their BNS share price forecasts range from C$63.00 to C$86.76. On average, they expect the company's stock price to reach C$72.60 in the next year. This suggests a possible upside of 7.9% 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 C$66.34 on January 1st, 2023. Since then, BNS shares have increased by 1.4% and is now trading at C$67.30.
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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 (TSE:BNS) announced its quarterly earnings data on Tuesday, February, 28th. The bank reported $1.85 EPS for the quarter, missing the consensus estimate of $2.04 by $0.19. The bank earned $7.98 billion during the quarter, compared to analyst estimates of $8.25 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 12.30% and a net margin of 30.69%.

Bank of Nova Scotia declared a quarterly dividend on Wednesday, May 24th. Stockholders of record on Wednesday, July 5th will be paid a dividend of 1.06 per share on Thursday, July 27th. This represents a $4.24 annualized dividend and a dividend yield of 6.30%. The ex-dividend date of this dividend is Tuesday, July 4th. This is a boost from the stock's previous quarterly dividend of C$1.03.
Read our dividend analysis for BNS.

Bank of Nova Scotia (TSE:BNS) pays an annual dividend of C$4.12 per share and currently has a dividend yield of 6.15%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 56.91%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BNS.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of Nova Scotia investors own include Toronto-Dominion Bank (TD), Freehold Royalties (FRU), Enbridge (ENB), Royal Bank of Canada (RY), Intact Financial (IFC), Constellation Software (CSU), Canadian Imperial Bank of Commerce (CM), Emera (EMA), Pembina Pipeline (PPL) and BCE (BCE).

Bank of Nova Scotia trades on the Toronto Stock Exchange (TSX) under the ticker symbol "BNS."

Shares of BNS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of BNS stock can currently be purchased for approximately C$67.30.

Bank of Nova Scotia (TSE:BNS) has a market capitalization of C$80.09 billion and generates C$29.32 billion in revenue each year. The bank earns C$8.68 billion in net income (profit) each year or C$7.24 on an earnings per share basis.

The company employs 89,782 workers across the globe.

Bank of Nova Scotia's mailing address is 44 King St W, TORONTO, ON M5H 1H1, Canada. The official website for the company is www.scotiabank.com. The bank can be reached via phone at +1-416-8666161.