Bank of Nova Scotia (BNS) News Today

The Bank of Nova Scotia (TSE:BNS) saw its stock price increase today on the back of multiple analyst target upgrades and positive strategic initiatives, although tariff-related credit provisions weighed on quarterly results.

• TD Securities raised its price target to C$79.00 and reiterated a “buy” rating, implying roughly 9.4% upside.
• National Bankshares issued a positive forecast for BNS shares, signaling improving sentiment.
• Scotiabank unveiled a 5–7% EPS growth target for 2025 and launched a share buyback program to bolster shareholder returns.
• Q2 earnings call highlighted a strong capital position and strategic initiatives to navigate economic challenges.
• Jefferies lifted its target to C$75.00 but maintained a “hold” rating, suggesting cautious optimism.
• National Bankshares increased its objective to C$72.00 with a “sector perform” rating, indicating modest upside potential.
• The full Q2 2025 earnings call transcript was released, offering detailed management commentary.
• Q2 results showed a slip in profit and higher credit loss provisions as U.S. tariffs dampened consumer activity.
• Scotiabank missed estimates on provisioning, reflecting the impact of tariff uncertainty on credit quality.