How have BNS shares performed this year?

Bank of Nova Scotia's stock was trading at C$64.50 at the beginning of the year. Since then, BNS shares have increased by 8.5% and is now trading at C$69.98. View the best growth stocks for 2024 here .

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

The Bank of Nova Scotia (TSE:BNS) released its earnings results on Tuesday, November, 28th. The bank reported $1.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by $0.03. The bank had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $7.05 billion. Bank of Nova Scotia had a net margin of 25.38% and a trailing twelve-month return on equity of 9.49%.

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 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 Toronto-Dominion Bank (TD) , Freehold Royalties (FRU) , Enbridge (ENB) , Royal Bank of Canada (RY) , Intact Financial (IFC) , Constellation Software (CSU) and Canadian Imperial Bank of Commerce (CM) .

TSE:BNS

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

C$69.98

+0.41 (+0.59%)

(As of 09/10/2024 05:13 PM ET)

Compare

Today's Range: C$69.24
▼
C$70.00
50-Day Range: C$61.49
▼
C$69.98
52-Week Range: C$55.20
▼
C$70.40

Volume: 6.09 million shs
Average Volume: 4.02 million shs
Market Capitalization: C$86.78 billion

P/E Ratio: 12.26
Dividend Yield: 6.06%
Price Target: C$67.92

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Bank of Nova Scotia alerts:

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 2.9% Downside
C$67.92 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.66
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

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.

1.78 out of 5 stars

2.0

Analyst's Opinion

Consensus Rating
Bank of Nova Scotia has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 12 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Bank of Nova Scotia has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Bank of Nova Scotia's stock forecast and price target.

N/A

Short Interest

Short Interest
There is no current short interest data available for BNS.

2.5

Dividend Strength

Dividend Leadership
Bank of Nova Scotia is a leading dividend payer. It pays a dividend yield of 6.19%, 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 74.26%. This payout ratio is at a healthy, sustainable level, below 75%.
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.

3.7

News and Social Media Coverage

News Sentiment
Bank of Nova Scotia has a news sentiment score of 0.66. 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 higher news sentiment than the 0.49 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Bank of Nova Scotia this week, compared to 4 articles on an average week.
Search Interest
59 people have searched for BNS on MarketBeat in the last 30 days. This is an increase of 64% compared to the previous 30 days.
MarketBeat Follows
12 people have added Bank of Nova Scotia to their MarketBeat watchlist in the last 30 days. This is an increase of 9% 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 Insiders
Only 0.03% of the stock of Bank of Nova Scotia is held by insiders.
Percentage Held by Institutions
51.15% 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.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of Nova Scotia is 12.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of Nova Scotia is 12.26, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 428.39.
Price to Earnings Growth Ratio
Bank of Nova Scotia has a PEG Ratio of 1.33. 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 1.06. 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.

See Top Rated MarketRank™ Stocks Here

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About Bank of Nova Scotia Stock (TSE: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 10 at 2:00 PM | msn.com

Bank of Canada on 'straightline path' toward two more cuts: Scotiabank's Holt

September 10 at 2:47 AM | americanbankingnews.com

Analysts Set The Bank of Nova Scotia (TSE:BNS) PT at C$67.92

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September 8 at 2:13 AM | americanbankingnews.com

Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$78.00

September 3, 2024 | bloomberg.com

Scotiabank Turns Bullish on Canadian Bank Stocks After Earnings

September 3, 2024 | americanbankingnews.com

Cormark Weighs in on The Bank of Nova Scotia's FY2025 Earnings (TSE:BNS)

August 28, 2024 | markets.businessinsider.com

RBC Capital Remains a Hold on Bank Of Nova Scotia (BNS)

August 28, 2024 | markets.businessinsider.com

Bank Of Nova Scotia (BNS) Gets a Hold from CIBC

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August 28, 2024 | msn.com

The Bank of Nova Scotia (NYSE:BNS) Q3 2024 Earnings Call Transcript

August 28, 2024 | markets.businessinsider.com

Bank of Nova Scotia: A Steady Performance Warrants Hold Rating

August 27, 2024 | msn.com

BMO's profit falls on higher loan loss provisions

August 27, 2024 | seekingalpha.com

The Bank of Nova Scotia (BNS) Q3 2024 Earnings Call Transcript

August 27, 2024 | bloomberg.com

Scotiabank Beats on Performance of Domestic, International Units

August 27, 2024 | theglobeandmail.com

Scotiabank’s quarterly profit takes hit from bigger loan-loss provisions

August 27, 2024 | theglobeandmail.com

Scotiabank Q3 profit down from year ago, provision for credit losses up

August 27, 2024 | reuters.com

Canadian lender Scotiabank's Q3 profit falls on higher loan loss provisions

August 27, 2024 | seekingalpha.com

Scotiabank Q3 earnings top consensus as net interest income increases

See More Headlines

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Company Calendar

Last Earnings: 11/28/2017
Ex-Dividend for 7/29 Dividend: 7/03/2024
Dividend Payable: 7/29/2024
Today: 9/10/2024
Ex-Dividend for 10/29 Dividend: 10/02/2024
Dividend Payable: 10/29/2024
Next Earnings (Estimated): 11/26/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Banks - Diversified
Sub-Industry: Banking
Current Symbol: TSE:BNS
CUSIP: N/A
CIK: N/A
Web: www.scotiabank.com
Phone: +1-416-8666161
Fax: N/A
Employees: 91,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$67.92
High Stock Price Target: C$78.00
Low Stock Price Target: C$60.00
Potential Upside/Downside: -2.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$5.71
Trailing P/E Ratio: 12.26
Forward P/E Ratio: N/A
P/E Growth: 1.33
Net Income: C$7.05 billion
Net Margins: 25.38%
Pretax Margin: N/A
Return on Equity: 9.49%
Return on Assets: 0.55%

Debt

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

Sales & Book Value

Annual Sales: C$29.60 billion
Price / Sales: 2.93
Cash Flow: C$349.20 per share
Price / Cash Flow: 0.20
Book Value: C$65.87 per share
Price / Book: 1.06

Miscellaneous

Outstanding Shares: 1,240,000,000
Free Float: N/A
Market Cap: C$86.78 billion
Optionable: Not Optionable
Beta: 0.96

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Key Executives

Mr. L. Scott Thomson (Age 54)
President, CEO & Director
Comp: $3.8M
Mr. Rajagopal Viswanathan
Group Head & CFO
Mr. Francisco Alberto Aristeguieta Silva (Age 59)
Group Head of International Banking
Comp: $1.95M
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

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 has been trading steadily, showing resilience in the market.
The company has a strong dividend yield of 6.19%, providing investors with a steady income stream.
Bank of Nova Scotia has a diverse range of banking products and services across various regions, reducing geographical risk.
Analysts have raised the price target for The Bank of Nova Scotia, indicating positive sentiment towards the stock.
The company has a solid market capitalization of C$84.95 billion, reflecting its stability and size in the industry.

Cons

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

Bank of Nova Scotia's stock has a beta of 0.96, indicating a moderate correlation with the market's movements, which may not appeal to all investors.
The company's dividend payout ratio is relatively high at 74.26%, which could limit future growth opportunities or investments.
Some analysts have issued "hold" ratings on the stock, suggesting a lack of strong buy recommendations in the market.
While the stock has shown stability, it may lack significant growth potential compared to more volatile investments.
Bank of Nova Scotia's PE ratio of 12.00 and PEG ratio of 1.33 may indicate that the stock is currently fairly valued, potentially limiting short-term gains.

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 Sunday, September 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 C$64.50 at the beginning of the year. Since then, BNS shares have increased by 8.5% and is now trading at C$69.98.
View the best growth stocks for 2024 here.
How were Bank of Nova Scotia's earnings last quarter?: The Bank of Nova Scotia (TSE:BNS) released its earnings results on Tuesday, November, 28th. The bank reported $1.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by $0.03. The bank had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $7.05 billion. Bank of Nova Scotia had a net margin of 25.38% and a trailing twelve-month return on equity of 9.49%.
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 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 Toronto-Dominion Bank (TD), Freehold Royalties (FRU), Enbridge (ENB), Royal Bank of Canada (RY), Intact Financial (IFC), Constellation Software (CSU) and Canadian Imperial Bank of Commerce (CM).

This page (TSE:BNS) was last updated on 9/11/2024 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

Short Interest

Dividend Strength

Dividend Leadership

Dividend Growth

Dividend Coverage

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 Insiders

Percentage Held by Institutions

Earnings and Valuation

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 (TSE: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

Key Executives

Key Competitors

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

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Overall MarketRank^™