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Stock market today: World shares mostly higher after S&P 500 tops 5,000
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
Obama’s 2024 Confession (Ad)
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Stock market today: World shares mostly higher after S&P 500 tops 5,000
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
Obama’s 2024 Confession (Ad)
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Stock market today: World shares mostly higher after S&P 500 tops 5,000
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
Obama’s 2024 Confession (Ad)
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Stock market today: World shares mostly higher after S&P 500 tops 5,000
NYSE:BNS

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

$47.00
+1.14 (+2.49%)
(As of 02/9/2024 08:56 PM ET)
Compare
Today's Range
$45.88
▼
$47.01
50-Day Range
$43.91
▼
$48.69
52-Week Range
$39.79
▼
$55.91
Volume
1.70 million shs
Average Volume
2.13 million shs
Market Capitalization
$57.06 billion
P/E Ratio
10.96
Dividend Yield
6.64%
Price Target
$69.00
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media

Bank of Nova Scotia MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
46.8% Upside
$69.00 Price Target
Short Interest
Healthy
2.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.98mentions of Bank of Nova Scotia in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.31%
From $4.91 to $5.22 Per Share

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.

3.63 out of 5 stars

Finance Sector

381st out of 834 stocks

State Commercial Banks Industry

98th out of 180 stocks

See Top Rated MarketRank™ Stocks Here

BNS stock logo

About Bank of Nova Scotia Stock (NYSE: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

February 7, 2024 | finance.yahoo.com
The Bank of Nova Scotia (TSE:BNS) is largely controlled by institutional shareholders who own 53% of the company
February 6, 2024 | seekingalpha.com
Bank of Nova Scotia: Stable Fundamentals And High Expected Returns
February 12, 2024 | Edge On The Street (Ad)
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February 5, 2024 | fxstreet.com
EUR/USD: Losses through recent support around 1.0785/1.0795 to extend – Scotiabank
February 2, 2024 | fxstreet.com
The DXY looks technically soft and prone to more losses – Scotiabank
February 2, 2024 | finance.yahoo.com
Scotia Global Asset Management honoured to receive 21 awards at 2023 FundGrade A+® Awards
February 1, 2024 | realmoney.thestreet.com
Martinrea price target raised by C$3 at Scotiabank
February 1, 2024 | finance.yahoo.com
Scotiabank to Announce First Quarter 2024 Results
February 12, 2024 | The Freeport Society (Ad)
New Trump Bombshell
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January 31, 2024 | incomeinvestors.com
6.9%-Yield Bank of Nova Scotia Stock Has Paid Dividends Since 1833
January 31, 2024 | finance.yahoo.com
The new Scotia® Home Hardware PRO Visa* Business Card Designed for Small Businesses
January 29, 2024 | benzinga.com
Exceeding Expectations: Bank of Nova Scotia Achieves Strong Performance and Rewards Investors
January 29, 2024 | benzinga.com
Thriving with Robust Performance: Bank of Nova Scotia Delivers Growing Profits to Investors
January 19, 2024 | finance.yahoo.com
Scotia Global Asset Management announces January 2024 cash distributions for Scotia ETFs and risk rating change
January 9, 2024 | seekingalpha.com
The Bank of Nova Scotia (BNS) RBC Capital Markets Canadian Bank CEO Conference
January 6, 2024 | seekingalpha.com
Scotiabank: A 7%-Yielding Ultra SWAN On Sale
January 4, 2024 | theglobeandmail.com
Scotiabank strategist sees turnaround potential for Canadian bank stocks
January 2, 2024 | finance.yahoo.com
Scotiabank's President and CEO Scott Thomson to Speak at RBC Capital Markets 2024 Canadian Bank CEO Conference
January 1, 2024 | finance.yahoo.com
Bank of Nova Scotia's Dividend Analysis
December 27, 2023 | seekingalpha.com
Scotiabank: Buy The +6% Yield While It's Undervalued
December 18, 2023 | finance.yahoo.com
UPDATE 1-Scotiabank's Mexico bet eyeing $1.6 trillion N.America trade is not without risks
December 13, 2023 | bloomberg.com
Scotiabank apuntaría a crecer en México con nueva estrategia
December 13, 2023 | theglobeandmail.com
Scotiabank unveils strategic revamp, sees double-digit growth in Canada
December 13, 2023 | bloomberg.com
Scotiabank Eyes Growth in Mexico, Canada in CEO Thomson’s Strategy Revamp
December 13, 2023 | ca.investing.com
Scotiabank to focus on growing 'less volatile' North American businesses
December 13, 2023 | msn.com
Scotiabank sees double-digit growth in Canada
December 13, 2023 | finance.yahoo.com
Scotiabank Plans to Focus on North America in Strategy Makeover
See More Headlines
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Company Calendar

Last Earnings
11/28/2023
Ex-Dividend for 1/29 Dividend
1/02/2024
Dividend Payable
1/29/2024
Today
2/11/2024
Next Earnings (Confirmed)
2/27/2024
Fiscal Year End
10/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
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
$77.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+46.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.29
Trailing P/E Ratio
10.96
Forward P/E Ratio
9.57
P/E Growth
1.61
Net Income
$5.49 billion
Net Margins
10.47%
Pretax Margin
13.77%
Return on Equity
11.87%
Return on Assets
0.60%

Debt

Debt-to-Equity Ratio
0.52
Current Ratio
1.05
Quick Ratio
1.05

Sales & Book Value

Annual Sales
$52.53 billion
Price / Sales
1.09
Cash Flow
$6.19 per share
Price / Cash Flow
7.59
Book Value
$43.11 per share
Price / Book
1.09

Miscellaneous

Outstanding Shares
1,214,080,000
Free Float
N/A
Market Cap
$57.06 billion
Optionable
Optionable
Beta
1.03

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Key Executives

  • Mr. L. Scott Thomson (Age 54)
    President, CEO & Director
    Comp: $237.94k
  • Mr. Rajagopal ViswanathanMr. Rajagopal Viswanathan
    Group Head & CFO
  • Mr. Jake P. Lawrence
    CEO and Group Head of Global Banking & Markets
  • 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

Institutional Ownership

View All Institutional Transactions

Should I Buy Bank of Nova Scotia Stock? BNS Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Bank of Nova Scotia was last updated on Wednesday, January 31, 2024 at 8:20 PM.

Pros

Here are some ways that investors could benefit from investing in The Bank of Nova Scotia:

  • The stock of The Bank of Nova Scotia has a 12-month low of $39.79 and a 12-month high of $55.91, indicating potential for price appreciation.
  • The company has a market capitalization of $57.08 billion, indicating its size and stability in the market.
  • 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, offering diversification and potential for growth in multiple markets.
  • The company reported a return on equity of 11.87% and a net margin of 10.47%, indicating its profitability and ability to generate returns for investors.
  • The Bank of Nova Scotia pays a quarterly dividend, with an annualized dividend yield of 6.61%, providing potential income for investors.

Cons

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

  • The stock of The Bank of Nova Scotia has a price-to-earnings-growth ratio of 1.63, indicating that the stock may be overvalued relative to its growth prospects.
  • One equities research analyst has rated the stock with a sell rating, suggesting potential concerns about the company's performance.
  • The company's dividend payout ratio is currently 72.73%, which may limit its ability to increase dividends in the future.
  • The stock's 50-day moving average price is $45.49 and its 200-day moving average price is $46.22, indicating potential volatility in the stock price.
  • The Bank of Nova Scotia operates in multiple markets, which may expose it to geopolitical and economic risks in those regions.














BNS Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of Nova Scotia stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" BNS shares.
View BNS analyst ratings or view top-rated stocks.

What is Bank of Nova Scotia's stock price target for 2024?

5 analysts have issued 1-year price targets for Bank of Nova Scotia's shares. Their BNS share price targets range from $65.00 to $77.00. On average, they expect the company's share price to reach $69.00 in the next year. This suggests a possible upside of 46.8% from the stock's current price.
View analysts price targets for BNS or view top-rated stocks among Wall Street analysts.

How have BNS shares performed in 2024?

Bank of Nova Scotia's stock was trading at $48.69 on January 1st, 2024. Since then, BNS shares have decreased by 3.5% and is now trading at $47.00.
View the best growth stocks for 2024 here.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 27,620,000 shares, a decline of 20.1% from the December 31st total of 34,560,000 shares. Based on an average trading volume of 1,970,000 shares, the short-interest ratio is currently 14.0 days. Currently, 2.3% of the shares of the company are short sold.
View Bank of Nova Scotia's Short Interest.

When is Bank of Nova Scotia's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our BNS earnings forecast.

How can I listen to Bank of Nova Scotia's earnings call?

Bank of Nova Scotia will be holding an earnings conference call on Tuesday, February 27th at 7:15 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "5144598#".

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

The Bank of Nova Scotia (NYSE:BNS) issued its quarterly earnings results on Tuesday, November, 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by $0.28. The bank had revenue of $8.31 billion for the quarter, compared to the consensus estimate of $5.98 billion. Bank of Nova Scotia had a net margin of 10.47% and a trailing twelve-month return on equity of 11.87%. The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share.

How often does Bank of Nova Scotia pay dividends? What is the dividend yield for Bank of Nova Scotia?

Bank of Nova Scotia announced a quarterly dividend on Wednesday, November 29th. Stockholders of record on Wednesday, January 3rd will be paid a dividend of $0.7773 per share on Monday, January 29th. This represents a $3.11 annualized dividend and a dividend yield of 6.62%. The ex-dividend date is Tuesday, January 2nd.
Read our dividend analysis for BNS.

Is Bank of Nova Scotia a good dividend stock?

Bank of Nova Scotia (NYSE:BNS) pays an annual dividend of $3.12 per share and currently has a dividend yield of 6.64%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 72.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 59.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BNS.

What is Brian J. Porter's approval rating as Bank of Nova Scotia's CEO?

1,585 employees have rated Bank of Nova Scotia Chief Executive Officer Brian J. Porter on Glassdoor.com. Brian J. Porter has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Bank of Nova Scotia own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 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), AbbVie (ABBV), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM) and Intel (INTC).

Who are Bank of Nova Scotia's major shareholders?

Bank of Nova Scotia's stock is owned by many different retail and institutional investors. Top institutional investors include Mackenzie Financial Corp (1.11%), Norges Bank (1.10%), Dimensional Fund Advisors LP (0.46%), Beutel Goodman & Co Ltd. (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.23%) and Clearbridge Investments LLC (0.20%).

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.

Does Bank of Nova Scotia have any subsidiaries?
The following companies are subsidiares of Bank of Nova Scotia: 1832 Asset Management L.P., BBVA Chile, BNS Asia Limited, BNS International (Bahamas) Limited, BNS International (Panama) S.A., BNS Investments Inc., Banco Colpatria Multibanca Colpatria S.A., Colfondos, Grupo BNS de Costa Rica S.A., Grupo Financiero Scotiabank Inverlat S.A. de C.V., Hollis Canadian Bank, HollisWealth Inc., Howard Weil, Jarislowsky Fraser, Jarislowsky Fraser Limited, MD Financial, MD Financial Management Inc., Montreal Trust Company of Canada, National Trust Company, National Trustco Inc., Nova Scotia Inversiones Limitada, Profuturo AFP S.A., RoyNat Inc., Scotia Capital (USA) Inc., Scotia Capital Inc., Scotia Dealer Advantage Inc., Scotia Group Jamaica Limited, Scotia Holdings (US) Inc., Scotia International Limited, Scotia Investments Jamaica Limited, Scotia Life Insurance Company, Scotia Mortgage Corporation, Scotia Securities Inc., Scotiabanc Inc., Scotiabank & Trust (Cayman) Ltd., Scotiabank (Bahamas) Limited, Scotiabank (Belize) Ltd., Scotiabank (British Virgin Islands) Limited, Scotiabank (Hong Kong) Limited, Scotiabank (Ireland) Designated Activity Company, Scotiabank (Panama) S.A., Scotiabank (Turks and Caicos) Ltd., Scotiabank Anguilla Limited, Scotiabank Barbados Limited, Scotiabank Brasil S.A. Banco Multiplo, Scotiabank Caribbean Holdings Ltd., Scotiabank Chile S.A., Scotiabank Colpatria S.A., Scotiabank El Salvador S.A., Scotiabank Europe plc, Scotiabank Peru Holding S.A., Scotiabank Peru S.A.A., Scotiabank Republica Dominicana S.A., Scotiabank Trinidad and Tobago Limited, Scotiabank Uruguay S.A., Scotiabank de Puerto Rico, Tangerine Bank, The Bank of Nova Scotia Berhad, The Bank of Nova Scotia International Limited, The Bank of Nova Scotia Jamaica Limited, The Bank of Nova Scotia Trust Company, and The Bank of Nova Scotia Trust Company (Bahamas) Limited.
Read More
This page (NYSE:BNS) was last updated on 2/12/2024 by MarketBeat.com Staff

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