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: C$76.00 to C$77.70
• 50-Day Range: C$68.42 to C$75.94
• 52-Week Range: C$56.83 to C$77.70
• Volume: 4.85 million shs
• Average Volume: 4.27 million shs
• Market Capitalization: C$96.01 billion
• P/E Ratio: 13.56
• Dividend Yield: 5.48%
• Price Target: C$70.17
• Consensus Rating: Hold

Bank of Nova Scotia Stock Analysis - MarketRank™

Bank of Nova Scotia scored higher than 41% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Bank of Nova Scotia has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 2 buy ratings, 10 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Bank of Nova Scotia has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Bank of Nova Scotia is 13.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.82.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bank of Nova Scotia is 13.57, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 438.61.

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 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for BNS.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Bank of Nova Scotia is a leading dividend payer. It pays a dividend yield of 5.82%, 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%.

Sustainability and ESG

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

Short Interest

There is no current short interest data available for BNS.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.45

News Sentiment

Bank of Nova Scotia has a news sentiment score of 0.45. 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 0.68 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Bank of Nova Scotia this week, compared to 4 articles on an average week.

Search Interest

50 people have searched for BNS on MarketBeat in the last 30 days. This is an increase of 16% compared to the previous 30 days.

MarketBeat Follows

Only 18 people have added Bank of Nova Scotia to their MarketBeat watchlist in the last 30 days. This is a decrease of -22% 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 Insiders

Only 0.03% of the stock of Bank of Nova Scotia is held by insiders.

Percentage Held by Institutions

51.12% 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 C$64.50 at the start of the year. Since then, BNS stock has increased by 20.2% and is now trading at C$77.50.
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) issued its quarterly earnings results on Tuesday, August, 27th. The bank reported $1.63 earnings per share for the quarter, hitting the consensus estimate of $1.63. The bank had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.50 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), Enbridge (ENB), Royal Bank of Canada (RY), Canadian Imperial Bank of Commerce (CM), Bank of Montreal (BMO), BCE (BCE) and Freehold Royalties (FRU).

Company Calendar

• Last Earnings: 8/27/2024
• Ex-Dividend for 10/29 Dividend: 10/02/2024
• Dividend Payable: 10/29/2024
• Today: 11/18/2024
• Next Earnings (Estimated): 11/26/2024

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$69.17
• High Stock Price Target: C$82.00
• Low Stock Price Target: C$60.00
• Potential Upside/Downside: -10.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.31
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$5.71
• Trailing P/E Ratio: 13.49
• Forward P/E Ratio: 10.81
• 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: 3.23
• Cash Flow: C$384.38 per share
• Price / Cash Flow: 0.20
• Book Value: C$65.87 per share
• Price / Book: 1.17

Miscellaneous

• Outstanding Shares: 1,240,000,000
• Free Float: N/A
• Market Cap: C$95.52 billion
• Optionable: Not Optionable
• Beta: 0.97