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

14 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, 11 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 target for 2024?

14 Wall Street analysts have issued 12 month price targets for Bank of Nova Scotia's shares. Their BNS share price targets range from C$56.00 to C$77.55. On average, they predict the company's stock price to reach C$64.77 in the next twelve months. This suggests a possible upside of 7.5% 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 start of the year. Since then, BNS stock has decreased by 9.2% and is now trading at C$60.26. 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, February 27th 2024. View our BNS earnings forecast .

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

The Bank of Nova Scotia (TSE:BNS) released its quarterly earnings results on Tuesday, November, 28th. The bank reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by $0.42. The bank earned $8.31 billion during the quarter, compared to analysts' expectations of $8.28 billion. Bank of Nova Scotia had a net margin of 25.33% and a trailing twelve-month return on equity of 9.81%.

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, November 28th. Stockholders of record on Wednesday, January 3rd will be paid a dividend of 1.06 per share on Monday, January 29th. This represents a $4.24 annualized dividend and a dividend yield of 7.04%. The ex-dividend date is Tuesday, January 2nd. 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 6.95%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 73.36%. 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 .

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

C$60.26

-0.49 (-0.81%)

(As of 12/5/2023 ET)

Compare

Today's Range: C$59.83
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C$60.60
50-Day Range: C$55.41
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C$62.00
52-Week Range: C$55.20
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C$74.41

Volume: 5.78 million shs
Average Volume: 3.98 million shs
Market Capitalization: C$72.91 billion

P/E Ratio: 10.43
Dividend Yield: 7.04%
Price Target: C$64.77

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.93 Rating Score
Upside/Downside: 7.5% Upside
C$64.77 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.21
Based on 42 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.

1.82 out of 5 stars

2.0

Analyst's Opinion

Consensus Rating
Bank of Nova Scotia has received a consensus rating of Reduce. The company's average rating score is 1.93, and is based on 1 buy rating, 11 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$64.77, Bank of Nova Scotia has a forecasted upside of 7.5% from its current price of C$60.26.
Amount of Analyst Coverage
Bank of Nova Scotia has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for BNS.

2.5

Dividend Strength

Dividend Leadership
Bank of Nova Scotia is a leading dividend payer. It pays a dividend yield of 6.95%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Bank of Nova Scotia does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Bank of Nova Scotia is 73.36%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BNS.

1.5

News and Social Media Coverage

News Sentiment
Bank of Nova Scotia has a news sentiment score of -0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.38 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 42 news articles for Bank of Nova Scotia this week, compared to 3 articles on an average week.
Search Interest
72 people have searched for BNS on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.
MarketBeat Follows
Only 11 people have added Bank of Nova Scotia to their MarketBeat watchlist in the last 30 days. This is a decrease of -8% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of Nova Scotia insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.03% of the stock of Bank of Nova Scotia is held by insiders.
Percentage Held by Institutions
48.81% of the stock of Bank of Nova Scotia is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of Nova Scotia is 10.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of Nova Scotia is 10.43, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 334.15.
Price to Earnings Growth Ratio
Bank of Nova Scotia has a PEG Ratio of 11.06. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of Nova Scotia has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BNS Stock News Headlines

December 6, 2023 | americanbankingnews.com

Bank of Nova Scotia (TSE:BNS) Given a C$60.00 Price Target at National Bankshares

December 2, 2023 | americanbankingnews.com

Q1 2024 Earnings Forecast for The Bank of Nova Scotia (TSE:BNS) Issued By Cormark

December 6, 2023 | Autonomix (Ad)

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December 2, 2023 | americanbankingnews.com

FY2024 Earnings Forecast for The Bank of Nova Scotia Issued By National Bank Financial (TSE:BNS)

December 2, 2023 | americanbankingnews.com

Q1 2024 Earnings Estimate for The Bank of Nova Scotia Issued By National Bank Financial (TSE:BNS)

December 1, 2023 | americanbankingnews.com

Equities Analysts Offer Predictions for The Bank of Nova Scotia's Q1 2024 Earnings (TSE:BNS)