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TSE:BNS

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

C$63.99
-0.23 (-0.36%)
(As of 03:09 PM ET)
Today's Range
C$63.85
C$64.57
50-Day Range
C$61.71
C$70.07
52-Week Range
C$55.20
C$70.40
Volume
1.06 million shs
Average Volume
4.13 million shs
Market Capitalization
C$78.07 billion
P/E Ratio
10.47
Dividend Yield
6.63%
Price Target
C$66.97

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.6% Upside
C$66.97 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.28mentions of Bank of Nova Scotia in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

1.03 out of 5 stars

BNS stock logo

About Bank of Nova Scotia Stock (TSE: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

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
The Bank of Nova Scotia (BNS)
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Scotiabank Keeps Their Hold Rating on Braze (BRZE)
Scotiabank Proxy Circular Now Available
See More Headlines
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Company Calendar

Ex-Dividend for 1/29 Dividend
1/02/2024
Dividend Payable
1/29/2024
Last Earnings
2/27/2024
Ex-Dividend for 4/26 Dividend
4/01/2024
Today
4/18/2024
Dividend Payable
4/26/2024
Next Earnings (Estimated)
5/22/2024

Industry, Sector and Symbol

Industry
Banks - Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
89,249
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$66.97
High Stock Price Target
C$77.55
Low Stock Price Target
C$60.00
Potential Upside/Downside
+4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
14 Analysts

Profitability

Net Income
C$7.44 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$29.40 billion
Cash Flow
C$320.46 per share
Book Value
C$57.26 per share

Miscellaneous

Outstanding Shares
1,220,000,000
Free Float
N/A
Market Cap
C$78.35 billion
Optionable
Not Optionable
Beta
0.96
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Key Executives

  • Mr. L. Scott Thomson (Age 54)
    President, CEO & Director
    Comp: $3.8M
  • Mr. Rajagopal Viswanathan
    Group Head & CFO
  • Mr. Francisco Alberto Aristeguieta Silva (Age 59)
    Group Head of International Banking
    Comp: $1.95M
  • 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

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 operates in various countries, providing geographic diversification which can help mitigate risks associated with a single market.
  • The company offers a wide range of banking products and services, including wealth management solutions, catering to different customer needs and preferences.
  • With a long history dating back to 1832, The Bank of Nova Scotia has established itself as a reputable and stable financial institution.
  • Recent positive analyst recommendations and ratings for TSE:BNS indicate confidence in the company's performance and potential growth.
  • Considering the current stock price and valuation metrics, The Bank of Nova Scotia may present an attractive investment opportunity based on its financial health and market position.

Cons

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

  • The banking industry is subject to regulatory changes and economic fluctuations, which could impact the profitability and operations of The Bank of Nova Scotia.
  • Intense competition in the banking sector may put pressure on margins and limit the company's ability to achieve significant growth in certain markets.
  • Global economic uncertainties and geopolitical risks could affect the international operations of The Bank of Nova Scotia, leading to potential challenges in maintaining profitability.
  • Market volatility and interest rate fluctuations can influence the performance of financial institutions like The Bank of Nova Scotia, impacting investor returns.
  • Investors should carefully monitor the company's exposure to credit risks and potential loan losses, especially during periods of economic instability.
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, April 10, 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?

14 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, 12 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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.

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

14 brokers have issued 12 month price objectives for Bank of Nova Scotia's shares. Their BNS share price targets range from C$60.00 to C$77.55. On average, they anticipate the company's stock price to reach C$66.97 in the next year. This suggests a possible upside of 4.6% 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 C$64.50 on January 1st, 2024. Since then, BNS stock has decreased by 0.8% and is now trading at C$64.01.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
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, February, 27th. The bank reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The bank had revenue of $8.43 billion for the quarter, compared to analyst estimates of $8.12 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 10.20% and a net margin of 26.75%.

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 Monday, April 1st. Stockholders of record on Tuesday, April 2nd will be paid a dividend of 1.06 per share on Friday, April 26th. This represents a $4.24 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend is Monday, April 1st.
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 6.38%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 69.39%. 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).

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.

This page (TSE:BNS) was last updated on 4/18/2024 by MarketBeat.com Staff

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