How have BNS shares performed this year?

Bank of Nova Scotia's stock was trading at $48.69 on January 1st, 2024. Since then, BNS stock has increased by 3.7% and is now trading at $50.50. 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) announced its quarterly earnings data on Tuesday, August, 27th. The bank reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.01. The firm's revenue was up 3.7% on a year-over-year basis.

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 these companies: MD Financial, BBVA Chile, Jarislowsky Fraser, Colfondos, Howard Weil, 1832 Asset Management L.P., Banco Colpatria Multibanca Colpatria S.A., and more.

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

$50.50

-0.13 (-0.26%)

(As of 09/6/2024 ET)

Compare

Today's Range: $50.05
▼
$51.11
50-Day Range: $44.71
▼
$50.84
52-Week Range: $39.79
▼
$51.98

Volume: 1.29 million shs
Average Volume: 1.84 million shs
Market Capitalization: $62.09 billion

P/E Ratio: 11.37
Dividend Yield: 6.08%
Price Target: $69.00

Get Bank of Nova Scotia alerts:

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.75 Rating Score
Upside/Downside: 36.6% Upside
$69.00 Price Target
Short Interest: Bearish
2.01% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.58
Based on 15 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.46%
From $4.80 to $5.11 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.

2.74 out of 5 stars

Finance Sector

515th out of 871 stocks

State Commercial Banks Industry

121st out of 177 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 1.75, and is based on no buy ratings, 3 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.

1.0

Short Interest

Percentage of Shares Shorted
2.01% 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 14.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Bank of Nova Scotia has recently increased by 5.90%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Bank of Nova Scotia is a leading dividend payer. It pays a dividend yield of 6.30%, 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 69.14%. 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 60.08% 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.

2.5

News and Social Media Coverage

News Sentiment
Bank of Nova Scotia has a news sentiment score of 0.58. 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 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for Bank of Nova Scotia this week, compared to 6 articles on an average week.
Search Interest
60 people have searched for BNS on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Bank of Nova Scotia to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% 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 6.46% in the coming year, from $4.80 to $5.11 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of Nova Scotia is 11.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of Nova Scotia is 11.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 32.61.
Price to Earnings Growth Ratio
Bank of Nova Scotia has a PEG Ratio of 1.58. 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 1.15. 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

September 7 at 6:54 PM | fool.com

Did This High-Yield Stock Just Change the Playing Field?

September 6 at 1:37 AM | msn.com

Do Options Traders Know Something About Bank of Nova Scotia (BNS) Stock We Don't?

September 7, 2024 | Paradigm Press (Ad)

Kamala’s Dirty Election Move… Revealed

According to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move…

September 4 at 11:54 AM | seekingalpha.com

Bank of Nova Scotia (BNS) Scotiabank 25th Annual Global Banking and Markets Financials Summit (Transcript)

September 3, 2024 | americanbankingnews.com

Cormark Research Analysts Lift Earnings Estimates for The Bank of Nova Scotia (NYSE:BNS)

August 31, 2024 | americanbankingnews.com

Cormark Weighs in on The Bank of Nova Scotia's FY2024 Earnings (NYSE:BNS)

August 30, 2024 | prnewswire.com

KeyCorp and Scotiabank Complete Initial Tranche of Strategic Minority Investment

August 30, 2024 | americanbankingnews.com

FY2024 Earnings Estimate for The Bank of Nova Scotia Issued By Desjardins (NYSE:BNS)

September 7, 2024 | Paradigm Press (Ad)

Kamala’s Dirty Election Move… Revealed

According to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move…

August 29, 2024 | markets.businessinsider.com

Maintaining a Hold: A Cautious Outlook on Bank of Nova Scotia amid Strategic Shifts

August 29, 2024 | americanbankingnews.com

Q4 2024 EPS Estimates for The Bank of Nova Scotia Decreased by Desjardins (NYSE:BNS)

August 29, 2024 | americanbankingnews.com

Bank of Nova Scotia (NYSE:BNS) Sees Strong Trading Volume Following Strong Earnings

August 29, 2024 | americanbankingnews.com

The Bank of Nova Scotia (BNS) To Go Ex-Dividend on October 2nd

August 29, 2024 | americanbankingnews.com

Bank of Nova Scotia (NYSE:BNS) Issues Quarterly Earnings Results

August 29, 2024 | seekingalpha.com

Scotiabank: This 6%-Yielding Dividend Stock Remains Buyable Now

August 28, 2024 | americanbankingnews.com

Analysts Set The Bank of Nova Scotia (NYSE:BNS) Target Price at $68.00

August 28, 2024 | americanbankingnews.com

Brokerages Set The Bank of Nova Scotia (NYSE:BNS) Target Price at $68.00

August 28, 2024 | americanbankingnews.com

Bank of Nova Scotia (BNS) Set to Announce Earnings on Tuesday

See More Headlines

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Company Calendar

Ex-Dividend for 7/29 Dividend: 7/03/2024
Dividend Payable: 7/29/2024
Last Earnings: 8/27/2024
Today: 9/07/2024
Ex-Dividend for 10/29 Dividend: 10/02/2024
Dividend Payable: 10/29/2024
Fiscal Year End: 10/31/2024
Next Earnings (Estimated): 11/26/2024

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: 89,483
Year Founded: 1832

Price Target and Rating

Average Stock Price Target: $69.00
High Stock Price Target: $70.00
Low Stock Price Target: $68.00
Potential Upside/Downside: +36.6%
Consensus Rating: Reduce
Rating Score (0-4): 1.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.44
Trailing P/E Ratio: 11.37
Forward P/E Ratio: 10.52
P/E Growth: 1.58
Net Income: $5.49 billion
Net Margins: 9.84%
Pretax Margin: 12.10%
Return on Equity: 11.14%
Return on Assets: 0.57%

Debt

Debt-to-Equity Ratio: 0.61
Current Ratio: 1.02
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $33.11 billion
Price / Sales: 1.88
Cash Flow: $6.27 per share
Price / Cash Flow: 8.05
Book Value: $43.93 per share
Price / Book: 1.15

Miscellaneous

Outstanding Shares: 1,229,572,000
Free Float: N/A
Market Cap: $62.09 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:

Bank of Nova Scotia's current stock price is $45.67, potentially offering a good entry point for investors looking to buy at a lower price.
The bank has a market capitalization of $58.53 billion, indicating its size and stability in the market.
Bank of Nova Scotia reported a net margin of 10.40% and a return on equity of 11.40%, showcasing strong financial performance.
Analysts have a consensus rating of "Hold" on the stock, suggesting a balanced view on its future prospects.
Bank of Nova Scotia has a diverse range of services, including retail banking, wealth management, and investment banking, providing investors exposure to various sectors.

Cons

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

Recent analyst estimates have reduced Q3 2024 earnings expectations for Bank of Nova Scotia, indicating potential challenges in the near term.
The stock has a beta of 1.04, suggesting it is closely correlated with the market movements, which may lead to higher volatility.
Two investment analysts have rated the stock as a sell, signaling some concerns about its performance.
Bank of Nova Scotia's stock price has been fluctuating, with a 12-month low of $39.79 and a high of $51.98, showing volatility in its valuation.
The bank's PEG ratio of 1.70 may indicate that the stock is currently overvalued based on its growth prospects.

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 22, 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 on January 1st, 2024. Since then, BNS stock has increased by 3.7% and is now trading at $50.50.
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) announced its quarterly earnings data on Tuesday, August, 27th. The bank reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.01. The firm's revenue was up 3.7% on a year-over-year basis.
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 these companies: MD Financial, BBVA Chile, Jarislowsky Fraser, Colfondos, Howard Weil, 1832 Asset Management L.P., Banco Colpatria Multibanca Colpatria S.A., and more.
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 9/7/2024 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

About Bank of Nova Scotia Stock (NYSE: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

Social Links

Key Executives

Key Competitors

Institutional Ownership

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

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Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Overall MarketRank^™