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TSE:BNS

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

C$68.51
+0.09 (+0.13%)
(As of 09/6/2024 ET)
Compare
Today's Range
C$67.97
▼
C$69.07
50-Day Range
C$61.49
▼
C$68.69
52-Week Range
C$55.20
▼
C$70.40
Volume
3.18 million shs
Average Volume
4.00 million shs
Market Capitalization
C$84.95 billion
P/E Ratio
12.00
Dividend Yield
6.19%
Price Target
C$67.92
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlines

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.9% Downside
C$67.92 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.16mentions of Bank of Nova Scotia in the last 14 days
Based on 10 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.

1.43 out of 5 stars

See Top Rated MarketRank™ Stocks Here
BNS stock logo

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

BNS Stock News Headlines

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)
September 7, 2024 | Porter & Company (Ad)
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August 30, 2024 | americanbankingnews.com
The Bank of Nova Scotia to Post FY2024 Earnings of $6.46 Per Share, Cormark Forecasts (TSE:BNS)
August 30, 2024 | americanbankingnews.com
The Bank of Nova Scotia (TSE:BNS) Expected to Earn Q4 2024 Earnings of $1.54 Per Share
August 30, 2024 | americanbankingnews.com
Bank of Nova Scotia (TSE:BNS) PT Raised to C$69.00 at Jefferies Financial Group
August 30, 2024 | americanbankingnews.com
Royal Bank of Canada Increases Bank of Nova Scotia (TSE:BNS) Price Target to C$65.00
August 29, 2024 | americanbankingnews.com
The Bank of Nova Scotia (BNS) to Issue Quarterly Dividend of $1.06 on October 29th
September 7, 2024 | Porter & Company (Ad)
War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
August 29, 2024 | americanbankingnews.com
Bank of Nova Scotia (TSE:BNS) Given New C$71.00 Price Target at TD Securities
August 29, 2024 | americanbankingnews.com
Bank of Nova Scotia (TSE:BNS) Given New C$72.00 Price Target at BMO Capital Markets
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
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
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
9/07/2024
Ex-Dividend for 10/29 Dividend
10/02/2024
Dividend Payable
10/29/2024
Next Earnings (Estimated)
11/26/2024
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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
-0.9%
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
12.00
Forward P/E Ratio
9.85
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
2.87
Cash Flow
C$341.87 per share
Price / Cash Flow
0.20
Book Value
C$65.87 per share
Price / Book
1.04

Miscellaneous

Outstanding Shares
1,240,000,000
Free Float
N/A
Market Cap
C$84.95 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:

  • Bank of Nova Scotia has a market capitalization of C$76.74 billion, indicating a strong position in the market.
  • The bank reported a net margin of 26.41%, showcasing healthy profitability.
  • Recent analyst reports have set an average target price of C$66.57, suggesting potential for stock price appreciation.
  • Bank of Nova Scotia's PE ratio of 10.15 indicates the stock may be undervalued compared to industry peers.
  • Consistent earnings performance, with the bank reporting EPS of C$1.58 for the last quarter, beating analyst estimates.

Cons

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

  • Analysts have given an average rating of "Reduce" on the stock, indicating caution among experts.
  • There have been recent price target reductions by some analysts, signaling potential concerns about future performance.
  • The stock has a beta of 0.98, suggesting it may not be as volatile as the market, potentially limiting short-term gains.
  • While the bank has shown profitability, the return on equity of 9.89% may be lower than some investors' expectations.
  • Market conditions and regulatory changes could impact the bank's future performance, leading to uncertainties 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 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 C$64.50 at the start of the year. Since then, BNS stock has increased by 6.2% and is now trading at C$68.51.
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 EPS 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 trailing twelve-month return on equity of 9.49% and a net margin of 25.38%.

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 9/7/2024 by MarketBeat.com Staff

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