How have BNS shares performed this year?

Bank of Nova Scotia's stock was trading at $48.69 at the start of the year. Since then, BNS shares have decreased by 2.2% and is now trading at $47.62. View the best growth stocks for 2024 here .

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

The Bank of Nova Scotia (NYSE:BNS) posted its earnings results on Tuesday, May, 28th. The bank reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. The bank had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.10 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 11.40% and a net margin of 10.40%.

What is Brian J. Porter's approval rating as Bank of Nova Scotia's CEO?

1,585 employees have rated Bank of Nova Scotia Chief Executive Officer Brian J. Porter on Glassdoor.com . Brian J. Porter has an approval rating of 86% among the company's employees.

Does Bank of Nova Scotia have any subsidiaries?

Bank of Nova Scotia subsidiaries include MD Financial, BBVA Chile, Jarislowsky Fraser, Colfondos, Howard Weil, 1832 Asset Management L.P., Banco Colpatria Multibanca Colpatria S.A., and others.

Who are Bank of Nova Scotia's major shareholders?

Top institutional investors of Bank of Nova Scotia include Toronto Dominion Bank (1.85%), TD Asset Management Inc (1.52%), 1832 Asset Management L.P. (1.23%) and Mackenzie Financial Corp (1.23%).

How do I buy shares of Bank of Nova Scotia?

Shares of BNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. 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 AT&T (T) , Freehold Royalties (FRU) , Toronto-Dominion Bank (TD) , Pfizer (PFE) , Royal Bank of Canada (RY) , Verizon Communications (VZ) and AbbVie (ABBV) .

NYSE:BNS

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

$47.62

+0.12 (+0.25%)

(As of 08/21/2024 ET)

Compare

Today's Range: $47.46
▼
$47.74
50-Day Range: $44.71
▼
$47.98
52-Week Range: $39.79
▼
$51.98

Volume: 1.10 million shs
Average Volume: 1.86 million shs
Market Capitalization: $58.55 billion

P/E Ratio: 10.73
Dividend Yield: 6.49%
Price Target: $68.00

Get Bank of Nova Scotia alerts:

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.80 Rating Score
Upside/Downside: 42.8% Upside
$68.00 Price Target
Short Interest: Healthy
1.90% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.03
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.85%
From $4.82 to $5.15 Per Share

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.

3.06 out of 5 stars

Finance Sector

461st out of 863 stocks

State Commercial Banks Industry

108th out of 176 stocks

2.9

Analyst's Opinion

Consensus Rating
Bank of Nova Scotia has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on no buy ratings, 4 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Bank of Nova Scotia has only been the subject of 1 research reports in the past 90 days.
Read more about Bank of Nova Scotia's stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
1.90% of the float of Bank of Nova Scotia has been sold short.
Short Interest Ratio / Days to Cover
Bank of Nova Scotia has a short interest ratio ("days to cover") of 14.1, which indicates bearish sentiment.
Change versus previous month
Short interest in Bank of Nova Scotia has recently decreased by 23.47%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Bank of Nova Scotia is a leading dividend payer. It pays a dividend yield of 6.51%, 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 69.59%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bank of Nova Scotia will have a dividend payout ratio of 60.00% next year. This indicates that Bank of Nova Scotia will be able to sustain or increase its dividend.
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.

1.6

News and Social Media Coverage

News Sentiment
Bank of Nova Scotia has a news sentiment score of -0.03. 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 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Bank of Nova Scotia this week, compared to 6 articles on an average week.
Search Interest
50 people have searched for BNS on MarketBeat in the last 30 days. This is an increase of 56% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Bank of Nova Scotia to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% 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 Institutions
49.13% 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

Earnings Growth
Earnings for Bank of Nova Scotia are expected to grow by 6.85% in the coming year, from $4.82 to $5.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of Nova Scotia is 10.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.48.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of Nova Scotia is 10.73, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.06.
Price to Earnings Growth Ratio
Bank of Nova Scotia has a PEG Ratio of 1.70. 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 1.10. P/B Ratios below 3 indicates that a company is reasonably valued 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 (NYSE: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

August 21 at 10:22 AM | theglobeandmail.com

Bank of Nova Scotia: Stock Forecast and Analysis

August 19 at 1:54 AM | americanbankingnews.com

The Bank of Nova Scotia (NYSE:BNS) to Post Q3 2024 Earnings of $1.19 Per Share, National Bank Financial Forecasts

August 22, 2024 | Insiders Exposed (Ad)

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August 15, 2024 | americanbankingnews.com

The Bank of Nova Scotia (NYSE:BNS) to Post Q3 2024 Earnings of $1.20 Per Share, National Bank Financial Forecasts

August 13, 2024 | msn.com

M&A News: Scotiabank (TSE:BNS) to Buy a Hefty Stake in KeyCorp

August 13, 2024 | financialpost.com

Scotiabank to buy almost 15% of U.S. regional bank KeyCorp for about $2.8 billion

August 13, 2024 | theglobeandmail.com

Scotiabank is betting big on the U.S., but investors are slow to applaud

August 12, 2024 | pymnts.com

Scotiabank to Acquire 14.9% Stake in KeyCorp, Pursue New Opportunities

August 22, 2024 | Insiders Exposed (Ad)

Has Trump Finally Gone Too Far?

August 12, 2024 | proactiveinvestors.com

Scotiabank to acquire minority stake in KeyCorp

August 12, 2024 | prnewswire.com

Scotiabank announces agreement to acquire 14.9% equity interest in KeyCorp

August 12, 2024 | prnewswire.com

KeyCorp Receives Strategic Minority Investment from Scotiabank

August 9, 2024 | finance.yahoo.com

Scotiabank Launches Specialized Banking Service for Lawyers

August 9, 2024 | fortune.com

The Bank of Nova Scotia

August 8, 2024 | msn.com

Scotiabank rolls out new banking solution for Canada lawyers

August 3, 2024 | marketwatch.com

Bank of Nova Scotia stock falls Friday, still outperforms market

July 28, 2024 | fool.com

Want Decades of Passive Income? 3 Stocks to Buy Now and Hold Forever

July 27, 2024 | theglobeandmail.com

Scotiabank technical issues disrupting salary payments as customers take to social media to complain

See More Headlines

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Company Calendar

Last Earnings: 5/28/2024
Ex-Dividend for 7/29 Dividend: 7/03/2024
Dividend Payable: 7/29/2024
Today: 8/21/2024
Next Earnings (Confirmed): 8/27/2024
Fiscal Year End: 10/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: State commercial banks
Sub-Industry: Banking
Current Symbol: NYSE:BNS
CUSIP: N/A
CIK: 9631
Web: www.scotiabank.com
Phone: (416) 866-6161
Fax: 416-866-3750
Employees: 91,000
Year Founded: 1832

Price Target and Rating

Average Stock Price Target: $68.00
High Stock Price Target: $70.00
Low Stock Price Target: $66.00
Potential Upside/Downside: +42.8%
Consensus Rating: Reduce
Rating Score (0-4): 1.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.44
Trailing P/E Ratio: 10.73
Forward P/E Ratio: 9.88
P/E Growth: 1.7
Net Income: $5.49 billion
Net Margins: 10.40%
Pretax Margin: 12.73%
Return on Equity: 11.40%
Return on Assets: 0.58%

Debt

Debt-to-Equity Ratio: 0.57
Current Ratio: 1.03
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $32.67 billion
Price / Sales: 1.79
Cash Flow: $6.41 per share
Price / Cash Flow: 7.43
Book Value: $43.11 per share
Price / Book: 1.10

Miscellaneous

Outstanding Shares: 1,229,572,000
Free Float: N/A
Market Cap: $58.55 billion
Optionable: Optionable
Beta: 1.04

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Key Executives

Mr. L. Scott Thomson (Age 54)
President, CEO & Director
Comp: $2.78M
Mr. Rajagopal Viswanathan
Group Head & CFO
Mr. Francisco Alberto Aristeguieta Silva (Age 59)
Group Head of International Banking
Comp: $1.42M
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

Institutional Ownership

View All Institutional Transactions

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's stock price is currently at an attractive level, providing a potential entry point for investors looking to capitalize on a possible uptrend.
Recent analyst ratings indicate a consensus "Hold" rating with a target price of $68.00, suggesting stability and potential for growth.
Strong financial performance with a low PE ratio of 10.30 and a healthy price-to-earnings-growth ratio of 1.72, indicating good value for investors.
Consistent dividend payments and a history of shareholder-friendly policies, making it an attractive option for income-focused investors.
Global presence and diversified revenue streams, reducing risk exposure to specific markets and enhancing long-term stability.

Cons

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

Recent analyst downgrades, with some analysts shifting from a "Hold" to a "Sell" rating, indicating potential concerns about future performance.
Market volatility and economic uncertainties could impact the bank's profitability and stock price, leading to short-term fluctuations.
Debt-to-equity ratio of 0.57, which may raise concerns about the bank's leverage and ability to manage debt obligations in challenging economic conditions.
Competitive landscape in the banking sector, with increasing competition from fintech companies and other traditional banks, posing a threat to market share and profitability.
Potential regulatory changes or legal challenges that could impact the bank's operations and financial performance, leading to increased uncertainty 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 Thursday, August 8, 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 $48.69 at the start of the year. Since then, BNS shares have decreased by 2.2% and is now trading at $47.62.
View the best growth stocks for 2024 here.
How were Bank of Nova Scotia's earnings last quarter?: The Bank of Nova Scotia (NYSE:BNS) posted its earnings results on Tuesday, May, 28th. The bank reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. The bank had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.10 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 11.40% and a net margin of 10.40%.
What is Brian J. Porter's approval rating as Bank of Nova Scotia's CEO?: 1,585 employees have rated Bank of Nova Scotia Chief Executive Officer Brian J. Porter on Glassdoor.com. Brian J. Porter has an approval rating of 86% among the company's employees.
Does Bank of Nova Scotia have any subsidiaries?: Bank of Nova Scotia subsidiaries include MD Financial, BBVA Chile, Jarislowsky Fraser, Colfondos, Howard Weil, 1832 Asset Management L.P., Banco Colpatria Multibanca Colpatria S.A., and others.
Who are Bank of Nova Scotia's major shareholders?: Top institutional investors of Bank of Nova Scotia include Toronto Dominion Bank (1.85%), TD Asset Management Inc (1.52%), 1832 Asset Management L.P. (1.23%) and Mackenzie Financial Corp (1.23%).
How do I buy shares of Bank of Nova Scotia?: Shares of BNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 AT&T (T), Freehold Royalties (FRU), Toronto-Dominion Bank (TD), Pfizer (PFE), Royal Bank of Canada (RY), Verizon Communications (VZ) and AbbVie (ABBV).

This page (NYSE:BNS) was last updated on 8/22/2024 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

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Dividend Leadership

Dividend Growth

Dividend Coverage

Dividend Sustainability

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 Institutions

Earnings and Valuation

Earnings Growth

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