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TSE:BNS

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

C$65.76
-0.05 (-0.08%)
(As of 03/20/2023 12:00 AM ET)
Add
Compare
Today's Range
C$65.46
▼
C$66.23
50-Day Range
C$65.22
▼
C$74.16
52-Week Range
C$63.19
▼
C$94.17
Volume
5.21 million shs
Average Volume
4.62 million shs
Market Capitalization
C$78.25 billion
P/E Ratio
9.30
Dividend Yield
6.27%
Price Target
C$78.09

Bank of Nova Scotia MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
18.8% Upside
C$78.09 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 4 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.

1.55 out of 5 stars

See Top Rated MarketRank™ Stocks Here

BNS stock logo

About Bank of Nova Scotia (TSE:BNS) Stock

The Bank of Nova Scotia engages in the provision of various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through 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 company operates a network of 941 branches and approximately 3,725 automated banking machines in Canada; and approximately 1,200 branches and a network of contact and support center internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.

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BNS Stock News Headlines

March 6, 2023 | marketbeat.com
3 Canadian Banks That Just Increased Their Dividends (BNS)
Three of the largest Canadian banks, the Royal Bank of Canada, the Bank of Montreal, and the Bank of Novia Scotia all raised their dividends recently.
March 18, 2023 | americanbankingnews.com
Bank of Nova Scotia (TSE:BNS) Given a C$86.76 Price Target at Fundamental Research
March 20, 2023 | Behind the Markets (Ad)
[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!
March 15, 2023 | marketwatch.com
Bank of Nova Scotia stock falls Wednesday, still outperforms market
March 13, 2023 | marketwatch.com
Bank of Nova Scotia stock rises Monday, outperforms market
March 10, 2023 | finance.yahoo.com
Scotiabank releases its 2022 ESG Report, highlighting efforts to advance sustainability and ESG performance
March 10, 2023 | americanbankingnews.com
Analysts Set The Bank of Nova Scotia (TSE:BNS) Price Target at C$78.22
March 8, 2023 | finance.yahoo.com
Scotiabank Supports and Celebrates Women Year-Round with Renewal of Partnership with Dress for Success Canada Foundation
March 20, 2023 | Investing Daily (Ad)
How This Trader Banked A 97% Win Rate
Despite the volatility of the last few years, this reclusive millionaire hasn’t closed a losing trade since July 2016. He just plugs away, executing what may be the most effective investment strategy on Earth. He turned $50K into $5.3M! Want to see the details? Click HERE to watch it for yourself. pixel
March 2, 2023 | finance.yahoo.com
Why Is Bank of Nova Scotia's Dividend So High?
February 28, 2023 | finance.yahoo.com
The Bank of Nova Scotia: Higher Funding Costs Bite Scotiabank's Q1 Earnings; Sounds Like Multiyear Initiatives Are Coming
February 28, 2023 | benzinga.com
Why Scotiabank Shares Are Trading Lower Today
February 28, 2023 | marketwatch.com
Bank of Nova Scotia Down as Higher Provisions Drag 1Q Results Lower
February 28, 2023 | msn.com
The Bank of Nova Scotia NON CUM PFD 40 declares CAD 0.3031 dividend
February 28, 2023 | markets.businessinsider.com
Canaccord Genuity Keeps Their Buy Rating on Bank Of Nova Scotia (BNS)
February 28, 2023 | finance.yahoo.com
Bank of Nova Scotia (BNS) Q1 Earnings and Revenues Lag Estimates
February 28, 2023 | seekingalpha.com
Buy Bank of Nova Scotia For Its Safety And Differentiated Strategy
February 27, 2023 | seekingalpha.com
Bank of Nova Scotia FQ1 2023 Earnings Preview
February 26, 2023 | marketwatch.com
Bank Of Nova ($BNS) Trading Report
February 6, 2023 | finance.yahoo.com
Scotiabank empowers customers to take control of their investments with the launch of Scotia Smart Investor
January 30, 2023 | msn.com
Bank of Nova Scotia (BNS) Stock Moves -0.47%: What You Should Know
January 26, 2023 | finance.yahoo.com
Scotiabank hosts second annual employee Allyship Summit to support a diverse and inclusive workplace
January 25, 2023 | marketwatch.com
Bank of Nova Scotia stock rises Wednesday, outperforms market
January 25, 2023 | finance.yahoo.com
With 50% ownership, The Bank of Nova Scotia (TSE:BNS) boasts of strong institutional backing
January 25, 2023 | finance.yahoo.com
Scotiabank named one of Canada's Top Employers for Young People
January 24, 2023 | seekingalpha.com
Bank Of Nova Scotia Is Forming A Bottom And The 6% Yield Looks Enticing
January 24, 2023 | finance.yahoo.com
Introducing the 2023 Scotiabank Giller Prize Jury
See More Headlines
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BNS Company Calendar

Last Earnings
11/28/2017
Ex-Dividend for 1/27 Dividend
1/03/2023
Dividend Payable
1/27/2023
Today
3/20/2023
Ex-Dividend for 4/26 Dividend
4/03/2023
Dividend Payable
4/26/2023
Next Earnings (Estimated)
5/24/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Money Center Banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
TSE:BNS
CUSIP
N/A
CIK
N/A
Web
www.scotiabank.com
Phone
+1-416-8666161
Fax
N/A
Employees
89,782
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$78.09
High Stock Price Forecast
C$97.00
Low Stock Price Forecast
C$69.00
Forecasted Upside/Downside
+19.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
12 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$7.07
Trailing P/E Ratio
9.28
Forward P/E Ratio
9.01
P/E Growth
2.41
Net Income
C$8.68 billion
Net Margins
30.69%
Pretax Margin
N/A
Return on Equity
12.30%
Return on Assets
0.70%

Debt

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

Sales & Book Value

Annual Sales
C$29.32 billion
Price / Sales
2.66
Cash Flow
C$327.25 per share
Price / Cash Flow
0.20
Book Value
C$62.00 per share
Price / Book
1.06

Miscellaneous

Outstanding Shares
1,190,000,000
Free Float
N/A
Market Cap
C$78.04 billion
Optionable
Optionable
Beta
0.94

Key Executives

  • Mr. Brian Johnston Porter A.M.P. (Age 64)
    B.Com., CEO & Director
    Comp: $3.82M
  • Mr. L. Scott Thomson (Age 52)
    Pres & Director
    Comp: $275k
  • Mr. Rajagopal Viswanathan
    Group Head & CFO
  • Mr. Ignacio Deschamps
    Group Head of International Banking & Digital Transformation
  • Mr. Daniel Llewellyn Rees
    Group Head of Canadian Banking
  • Mr. Jake 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. Philip Stephen Watson Smith
    Sr. VP of Investor Relations

Key Competitors

View All Competitors













BNS Stock - Frequently Asked Questions

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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 1 sell rating, 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.
View BNS analyst ratings or view top-rated stocks.

What is Bank of Nova Scotia's stock price forecast for 2023?

12 brokerages have issued 12 month price objectives for Bank of Nova Scotia's stock. Their BNS share price forecasts range from C$69.00 to C$97.00. On average, they anticipate the company's share price to reach C$78.09 in the next year. This suggests a possible upside of 18.8% 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 shares have decreased by 0.9% and is now trading at C$65.76.
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 Wednesday, May 24th 2023.
View our BNS earnings forecast.

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

The Bank of Nova Scotia (TSE:BNS) announced its quarterly earnings data on Tuesday, November, 28th. The bank reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.68 by $0.03. The bank had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.05 billion. Bank of Nova Scotia had a net margin of 30.69% and a trailing twelve-month return on equity of 12.30%. During the same quarter last year, the firm posted $1.58 EPS.

How often does Bank of Nova Scotia pay dividends? What is the dividend yield for Bank of Nova Scotia?

Bank of Nova Scotia declared a quarterly dividend on Tuesday, February 28th. Shareholders of record on Tuesday, April 4th will be paid a dividend of 1.03 per share on Wednesday, April 26th. This represents a $4.12 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend is Monday, April 3rd.
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$4.12 per share and currently has a dividend yield of 6.12%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 58.27%. 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$65.76.

How much money does Bank of Nova Scotia make?

Bank of Nova Scotia (TSE:BNS) has a market capitalization of C$78.25 billion and generates C$29.32 billion in revenue each year. The bank earns C$8.68 billion in net income (profit) each year or C$7.07 on an earnings per share basis.

How many employees does Bank of Nova Scotia have?

The company employs 89,782 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 3/20/2023 by MarketBeat.com Staff