How have BNS shares performed this year?

Bank of Nova Scotia's stock was trading at C$64.50 at the beginning of the year. Since then, BNS stock has decreased by 1.7% and is now trading at C$63.40. View the best growth stocks for 2024 here .

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

The Bank of Nova Scotia (TSE:BNS) issued its quarterly earnings data on Tuesday, May, 28th. The bank reported $1.58 EPS for the quarter, beating the consensus estimate of $1.55 by $0.03. The bank had revenue of $8.35 billion for the quarter, compared to analyst estimates of $8.32 billion. Bank of Nova Scotia had a net margin of 26.41% and a trailing twelve-month return on equity of 9.89%.

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 other stocks do shareholders of Bank of Nova Scotia own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Canadian Imperial Bank of Commerce (CM) .

TSE:BNS

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

C$63.40

+0.44 (+0.70%)

(As of 07/26/2024 ET)

Compare

Today's Range: C$62.96
▼
C$63.45
50-Day Range: C$61.60
▼
C$66.21
52-Week Range: C$55.20
▼
C$70.40

Volume: 3.26 million shs
Average Volume: 4.12 million shs
Market Capitalization: C$77.98 billion

P/E Ratio: 10.46
Dividend Yield: 6.69%
Price Target: C$66.50

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Bank of Nova Scotia alerts:

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.93 Rating Score
Upside/Downside: 4.9% Upside
C$66.50 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.56
Based on 4 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.

1.85 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 no buy ratings, 13 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Bank of Nova Scotia has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Bank of Nova Scotia's stock forecast and price target.

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 6.46%, 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 69.97%. This payout ratio is at a healthy, sustainable level, below 75%.
Read more about Bank of Nova Scotia's dividend.

N/A

Sustainability and ESG

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

2.5

News and Social Media Coverage

News Sentiment
Bank of Nova Scotia has a news sentiment score of 0.56. 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 0.72 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Bank of Nova Scotia this week, compared to 3 articles on an average week.
Search Interest
Only 28 people have searched for BNS on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.
MarketBeat Follows
10 people have added Bank of Nova Scotia to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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
51.04% 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.
Read more about Bank of Nova Scotia's insider trading history.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of Nova Scotia is 10.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of Nova Scotia is 10.46, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 484.02.
Price to Earnings Growth Ratio
Bank of Nova Scotia has a PEG Ratio of 1.33. 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 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
Read more about Bank of Nova Scotia's valuation and earnings.

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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

30 days | 90 days | 365 days | Advanced Chart

BNS Stock News Headlines

July 24 at 11:15 AM | msn.com

Should You Buy Scotiabank Stock for its 6.6% Dividend Yield?

July 22, 2024 | nasdaq.com

Is the Stock Market Going to Crash? I Don't Know. That's Why I Own This Bank Stock.

July 27, 2024 | Monument Traders Alliance (Ad)

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July 22, 2024 | americanbankingnews.com

The Bank of Nova Scotia (TSE:BNS) Receives C$66.70 Average Price Target from Analysts

July 21, 2024 | finance.yahoo.com

Scotiabank named World's Best Bank for Corporate Responsibility and Canada's Best Bank by Euromoney

May 29, 2024 | msn.com

The Bank of Nova Scotia (NYSE:BNS) Q2 2024 Earnings Call Transcript

May 28, 2024 | finance.yahoo.com

Scotiabank Announces Redemption of CDN $1,500 million 2.836% Subordinated Debentures due 2029

May 28, 2024 | financialpost.com

Bank of Canada rate cuts will take months to help consumers, Scotiabank says

July 27, 2024 | Monument Traders Alliance (Ad)

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May 28, 2024 | marketwatch.com

Scotiabank Earnings Drop With Rise in Loan-Loss Provisions

May 28, 2024 | theglobeandmail.com

Scotiabank beats estimates with second-quarter earnings, sets aside more loan-loss provisions

May 28, 2024 | markets.businessinsider.com

Bank Of Nova Scotia Q2 Profit Down, Adj. EPS Tops View; Declares Dividend

May 28, 2024 | msn.com

Scotiabank Q2 earnings beat, helped by higher revenue and expense discipline

May 28, 2024 | ca.finance.yahoo.com

Scotiabank beats profit estimates on wealth management, capital market strength

May 27, 2024 | markets.businessinsider.com

Scotiabank (Bank of Nova Scotia) earnings: here's what to expect

May 21, 2024 | finance.yahoo.com

Scotiabank Previews This Week's Policy Meeting at New Zealand's Central Bank

May 21, 2024 | finance.yahoo.com

Scotiabank Previews Tuesday's CPI Data in Canada; 1st of 2 Parts

May 14, 2024 | finance.yahoo.com

Scotiabank on Population Figures in Canada

See More Headlines

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Company Calendar

Last Earnings: 5/28/2024
Ex-Dividend for 7/29 Dividend: 7/03/2024
Today: 7/26/2024
Dividend Payable: 7/29/2024
Next Earnings (Estimated): 9/03/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Banks - Diversified
Sub-Industry: Banking
Current Symbol: TSE:BNS
CUSIP: N/A
CIK: N/A
Web: www.scotiabank.com
Phone: +1-416-8666161
Fax: N/A
Employees: 91,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$66.50
High Stock Price Target: C$74.00
Low Stock Price Target: C$60.00
Potential Upside/Downside: +4.9%
Consensus Rating: Reduce
Rating Score (0-4): 1.93
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$6.06
Trailing P/E Ratio: 10.46
Forward P/E Ratio: 9.79
P/E Growth: 1.33
Net Income: C$7.35 billion
Net Margins: 26.41%
Pretax Margin: N/A
Return on Equity: 9.89%
Return on Assets: 0.57%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: C$29.52 billion
Price / Sales: 2.64
Cash Flow: C$316.37 per share
Price / Cash Flow: 0.20
Book Value: C$64.94 per share
Price / Book: 0.98

Miscellaneous

Outstanding Shares: 1,230,000,000
Free Float: N/A
Market Cap: C$77.98 billion
Optionable: Not Optionable
Beta: 0.98

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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

Key Competitors

View All Competitors

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 consistently shown a strong return on equity of 9.89%, indicating efficient use of shareholder funds to generate profits.
Despite recent adjustments in earnings estimates, the bank is forecasted to earn $7.02 per share in FY2025, which could signal potential growth and profitability.
Bank of Nova Scotia has a solid net margin of 26.41%, reflecting its ability to convert revenue into profit, a key metric for investors assessing financial health.
With a market cap of C$79.36 billion, Bank of Nova Scotia is a significant player in the financial sector, offering stability and long-term investment potential.
Trading at C$64.52 per share, Bank of Nova Scotia's stock price presents a potential buying opportunity for investors seeking value in the market.

Cons

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

Analysts have recently adjusted their price targets for Bank of Nova Scotia, with some lowering expectations, indicating potential concerns about future performance.
Despite positive earnings results, the bank's stock price has experienced fluctuations, which may introduce volatility and uncertainty for investors.
Market analysts have issued a mixed rating for Bank of Nova Scotia, with some suggesting a "hold" stance, potentially signaling limited short-term growth prospects.
The bank's PE ratio of 10.65 and price-to-earnings-growth ratio of 1.33 may indicate that the stock is currently trading at a premium, potentially limiting immediate upside for investors.
Recent adjustments in earnings estimates by analysts could indicate potential challenges or uncertainties in the bank's future financial performance, warranting caution for investors.

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 Sunday, June 30, 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

How have BNS shares performed this year?: Bank of Nova Scotia's stock was trading at C$64.50 at the beginning of the year. Since then, BNS stock has decreased by 1.7% and is now trading at C$63.40.
View the best growth stocks for 2024 here.
How were Bank of Nova Scotia's earnings last quarter?: The Bank of Nova Scotia (TSE:BNS) issued its quarterly earnings data on Tuesday, May, 28th. The bank reported $1.58 EPS for the quarter, beating the consensus estimate of $1.55 by $0.03. The bank had revenue of $8.35 billion for the quarter, compared to analyst estimates of $8.32 billion. Bank of Nova Scotia had a net margin of 26.41% and a trailing twelve-month return on equity of 9.89%.
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 other stocks do shareholders of Bank of Nova Scotia own?: Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Canadian Imperial Bank of Commerce (CM).

This page (TSE:BNS) was last updated on 7/27/2024 by MarketBeat.com Staff

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

Bank of Nova Scotia MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Consensus Rating

Amount of Analyst Coverage

Short Interest

Short Interest

Dividend Strength

Dividend Leadership

Dividend Growth

Dividend Coverage

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Insider Buying vs. Insider Selling

Percentage Held by Insiders

Percentage Held by Institutions

Earnings and Valuation

Price to Earnings Ratio vs. the Market

Price to Earnings Ratio vs. Sector

Price to Earnings Growth Ratio

Price to Book Value per Share Ratio

About Bank of Nova Scotia Stock (TSE:BNS)

BNS Stock Price History

BNS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

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

Pros

Cons

BNS Stock Analysis - Frequently Asked Questions

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Overall MarketRank^™