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TSE:BNS

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

C$62.00
+0.45 (+0.73%)
(As of 09/28/2023 ET)
Compare
Today's Range
C$61.56
C$62.31
50-Day Range
C$61.55
C$67.26
52-Week Range
C$61.46
C$74.41
Volume
4.94 million shs
Average Volume
4.10 million shs
Market Capitalization
C$75.02 billion
P/E Ratio
9.70
Dividend Yield
6.84%
Price Target
C$69.04

Bank of Nova Scotia MarketRank™ Forecast

Analyst Rating
Reduce
1.91 Rating Score
Upside/​Downside
11.4% Upside
C$69.04 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Bank of Nova Scotia in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars


BNS stock logo

About Bank of Nova Scotia (TSE: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 Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.

BNS Price History

BNS Stock News Headlines

Scotiabank to host Investor Day in Toronto
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Scotia Global Asset Management announces sub-advisor change
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
RBC Capital Releases a Hold Rating on Bank Of Nova Scotia (BNS)
BMO Capital Reaffirms Their Hold Rating on Bank Of Nova Scotia (BNS)
Bank of Nova Scotia Q3 2023 Earnings Preview
Scotiabank Bond-Desk Exodus Widens as Kope Departs Firm
Scotiabank Remains a Buy on National Bank of Canada (NTIOF)
11 Cheap Bank Stocks To Buy Before They Take Off
See More Headlines
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BNS Company Calendar

Ex-Dividend for 7/27 Dividend
7/04/2023
Dividend Payable
7/27/2023
Last Earnings
8/29/2023
Today
9/28/2023
Dividend Payable
10/27/2023
Next Earnings (Estimated)
12/05/2023
Ex-Dividend for 10/27 Dividend
1/01/2100

Industry, Sector and Symbol

Industry
Banks—Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
91,013
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$69.04
High Stock Price Forecast
C$77.55
Low Stock Price Forecast
C$64.00
Forecasted Upside/Downside
+10.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.91
Research Coverage
11 Analysts

Profitability

Net Income
C$7.70 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$28.70 billion
Cash Flow
C$310.53 per share
Book Value
C$62.85 per share

Miscellaneous

Outstanding Shares
1,210,000,000
Free Float
N/A
Market Cap
C$75.30 billion
Optionable
Optionable
Beta
0.93
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. L. Scott Thomson (Age 53)
    Pres, CEO & Director
    Comp: $319.72k
  • Mr. Rajagopal Viswanathan
    Group Head & CFO
  • Mr. Daniel Llewellyn Rees
    Group Head of Canadian Banking
  • Mr. Jake P. 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. Shawn Rose
    Exec. VP & CTO
  • Mr. John McCartney
    Head 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?

11 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, 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023?

11 brokerages have issued 1 year target prices for Bank of Nova Scotia's shares. Their BNS share price forecasts range from C$64.00 to C$77.55. On average, they predict the company's stock price to reach C$69.04 in the next year. This suggests a possible upside of 10.9% 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 2023?

Bank of Nova Scotia's stock was trading at C$66.34 at the beginning of the year. Since then, BNS stock has decreased by 6.2% and is now trading at C$62.23.
View the best growth stocks for 2023 here
.

When is Bank of Nova Scotia's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our BNS earnings forecast
.

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

The Bank of Nova Scotia (TSE:BNS) issued its earnings results on Tuesday, August, 29th. The bank reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.01. The bank had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.18 billion. Bank of Nova Scotia had a net margin of 28.26% and a trailing twelve-month return on equity of 10.89%.

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, August 29th. Stockholders of record on Tuesday, October 3rd will be paid a dividend of 1.06 per share on Friday, October 27th. This represents a $4.24 annualized dividend and a yield of 6.81%.
Read our dividend analysis for BNS
.

Is Bank of Nova Scotia a good dividend stock?

Bank of Nova Scotia (TSE:BNS) pays an annual dividend of C$4.24 per share and currently has a dividend yield of 6.68%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 66.35%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BNS.

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 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).

What is Bank of Nova Scotia's stock symbol?

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

How do I buy shares of Bank of Nova Scotia?

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.
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 C$62.23.

How much money does Bank of Nova Scotia make?

Bank of Nova Scotia (TSE:BNS) has a market capitalization of C$75.30 billion and generates C$28.70 billion in revenue each year. The bank earns C$7.70 billion in net income (profit) each year or C$6.39 on an earnings per share basis.

How many employees does Bank of Nova Scotia have?

The company employs 91,013 workers across the globe.

How can I contact Bank of Nova Scotia?

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.

This page (TSE:BNS) was last updated on 9/28/2023 by MarketBeat.com Staff

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