Bank of Nova Scotia - BNS Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 10 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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11 Wall Street analysts have issued 12 month price targets for Bank of Nova Scotia's shares. Their BNS share price forecasts range from C$73.00 to C$97.00. On average, they expect the company's stock price to reach C$81.65 in the next twelve months. This suggests a possible upside of 12.9% 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 stock has increased by 9.1% and is now trading at C$72.35.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our BNS earnings forecast.

The Bank of Nova Scotia (TSE:BNS) released its quarterly earnings results on Tuesday, November, 29th. The bank reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.99 by $0.07. The bank earned $7.63 billion during the quarter, compared to analyst estimates of $8.07 billion.

Bank of Nova Scotia announced a quarterly dividend on Tuesday, January 3rd. Shareholders of record on Friday, January 27th will be paid a dividend of 1.03 per share on Friday, January 27th. This represents a $4.12 annualized dividend and a yield of 5.69%. The ex-dividend date is Tuesday, January 3rd.
Read our dividend analysis for BNS.

Bank of Nova Scotia (TSE:BNS) pays an annual dividend of C$4.06 per share and currently has a dividend yield of 5.79%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 50.62%. 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$72.35.

Bank of Nova Scotia (TSE:BNS) has a market capitalization of C$86.20 billion and generates C$29.80 billion in revenue each year.

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.