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

Company Overview

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.

Key Stats

• Today's Range: $53.19 to $54.22
• 50-Day Range: $44.71 to $54.07
• 52-Week Range: $39.79 to $54.22
• Volume: 2.75 million shs
• Average Volume: 1.82 million shs
• Market Capitalization: $66.48 billion
• P/E Ratio: 12.18
• Dividend Yield: 5.81%
• Price Target: $69.00
• Consensus Rating: Reduce

Bank of Nova Scotia Stock Analysis - MarketRank™

Bank of Nova Scotia scored higher than 73% of companies evaluated by MarketBeat, and ranked 350th out of 903 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.9 / 5
• Analyst Rating: Reduce

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.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.46%

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 12.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bank of Nova Scotia is 12.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.35.

Price to Earnings Growth Ratio

Bank of Nova Scotia has a PEG Ratio of 1.64. 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 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.96% 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 14.7, which indicates bearish sentiment.

Change versus previous month

Short interest in Bank of Nova Scotia has recently decreased by 2.79%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Bank of Nova Scotia is a leading dividend payer. It pays a dividend yield of 5.96%, 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 70.72%. 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 61.45% next year. This indicates that Bank of Nova Scotia will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.96% 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 14.7, which indicates bearish sentiment.

Change versus previous month

Short interest in Bank of Nova Scotia has recently decreased by 2.79%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.97

News Sentiment

Bank of Nova Scotia has a news sentiment score of 0.97. 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 0.64 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

58 people have searched for BNS on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Bank of Nova Scotia to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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.

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 beginning of the year. Since then, BNS stock has increased by 11.0% and is now trading at $54.07.
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, August, 27th. The bank reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.01. The business's revenue for the quarter was up 3.7% on a year-over-year basis.

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).

Company Calendar

• Ex-Dividend for 7/29 Dividend: 7/03/2024
• Dividend Payable: 7/29/2024
• Last Earnings: 8/27/2024
• Today: 9/20/2024
• 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

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: +28.3%
• 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: 12.11
• Forward P/E Ratio: 11.21
• P/E Growth: 1.64
• 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: 1.02

Sales & Book Value

• Annual Sales: $33.11 billion
• Price / Sales: 2.00
• Cash Flow: $6.43 per share
• Price / Cash Flow: 8.36
• Book Value: $43.93 per share
• Price / Book: 1.22

Miscellaneous

• Outstanding Shares: 1,229,572,000
• Free Float: N/A
• Market Cap: $66.14 billion
• Optionable: Optionable
• Beta: 1.04