How have BNS shares performed this year?

Bank of Nova Scotia's stock was trading at $48.69 at the beginning of 2024. Since then, BNS shares have increased by 11.8% and is now trading at $54.44. 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) released its earnings results on Tuesday, August, 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.01. The firm's quarterly revenue was up 3.7% on a year-over-year basis.

Does Bank of Nova Scotia have any subsidiaries?

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

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

$54.44

-0.36 (-0.66%)

(As of 09/27/2024 08:50 PM ET)

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About Bank of Nova Scotia Stock (NYSE:BNS)

Advanced Chart

Key Stats

Today's Range: $54.33
▼
$54.93
50-Day Range: $44.71
▼
$54.79
52-Week Range: $39.79
▼
$55.12
Volume: 882,800 shs
Average Volume: 1.82 million shs
Market Capitalization: $66.94 billion
P/E Ratio: 12.26
Dividend Yield: 5.77%
Price Target: $69.00
Consensus Rating: Hold

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.

Bank of Nova Scotia Stock Analysis - MarketRank™

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65th Percentile Overall Score

BNS MarketRank™:

Bank of Nova Scotia scored higher than 65% of companies evaluated by MarketBeat, and ranked 508th out of 964 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Consensus Rating
Bank of Nova Scotia has received a consensus rating of Hold. The company's average rating score is 2.20, 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 2 research reports in the past 90 days.
Read more about Bank of Nova Scotia's stock forecast and price target.

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 12.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.88.
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 Finance sector average P/E ratio of about 46.32.
Price to Earnings Growth Ratio
Bank of Nova Scotia has a PEG Ratio of 1.71. 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 1.24. 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.

Percentage of Shares Shorted
2.40% 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 17.9, which indicates bearish sentiment.
Change versus previous month
Short interest in Bank of Nova Scotia has recently increased by 22.77%, indicating that investor sentiment is decreasing significantly.

Dividend Leadership
Bank of Nova Scotia is a leading dividend payer. It pays a dividend yield of 5.71%, 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.
Read more about Bank of Nova Scotia's dividend.

Percentage of Shares Shorted
2.40% 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 17.9, which indicates bearish sentiment.
Change versus previous month
Short interest in Bank of Nova Scotia has recently increased by 22.77%, indicating that investor sentiment is decreasing significantly.

News Sentiment
Bank of Nova Scotia has a news sentiment score of 0.61. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Bank of Nova Scotia this week, compared to 6 articles on an average week.
Search Interest
Only 51 people have searched for BNS on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Bank of Nova Scotia to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

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.

BNS Stock News Headlines

2 High-Yield Financial Stocks to Buy Hand Over Fist and 1 to Avoid

September 29 at 5:12 AM | fool.com

Bank of Nova Scotia (NYSE:BNS) Reaches New 12-Month High at $54.74

September 28 at 5:54 AM | americanbankingnews.com

"Doomsday indicator” flashing for the first time since the Great Depression...

It's been a bloodbath in the markets. The seven most valuable US tech companies lost a combined $1 trillion - in a single day. And things could get a lot worse...

September 30, 2024 | Behind the Markets (Ad)

The Bank of Nova Scotia (NYSE:BNS) Given Average Rating of "Hold" by Analysts