TSE:BNS
Bank of Nova Scotia (BNS.TO)
Financials 
Technical Analysis 
Sep 9, 2026, 12:00 amThis summary was created by AI, based on 23 opinions in the last 12 months.
The reviews regarding the Bank of Nova Scotia (BNS) present a mixed view among experts. While some highlight its attractive valuation and the potential for earnings growth, particularly due to improvements in operations and the strategic shift towards North America, others express concerns about its weaker performance relative to peers like Royal Bank of Canada (RY). There are apprehensions regarding its exposure to Caribbean markets and uncertainty surrounding its international strategies. Despite its high dividend yield, some analysts suggest it may not be the best choice compared to other Canadian banks, mentioning that it struggles with loan growth and credit quality issues. Overall, experts acknowledge potential for the long-term but recommend cautious positioning.
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Premium contentWe again reiterate this large Canadian chartered bank as a TOP PICK. Recent earnings missed analyst expectations due to rising capitalization requirements. We have confidence with their strategy going forward as they are still demonstrating growth in cash reserves while retiring debt and buying back shares. We continue to recommend a stop loss at $63.00, looking to achieve $78.50 — upside potential over 15%. Yield 5.6%
(Analysts’ price target is $78.33)
Value pick at current share price.
Oligopoly in banking system within Canada.
New management a bit of a worry, but has met new CEO before and believes in him.
~5% dividend yield is very strong. Expected to grow.
Strong long term term hold.
Bruce Murray(A Top Pick Feb 01/22, Down 17%)
Definitely hold on. Is cheaply valued vs. peers. Price to book is low. The 5.6% yield pays more than the others. Good to hold long term. Are exposed to the commodity cycle more than the others, so keep that in mind.
Michael SprungTwo completely different sectors. First questions are what's already in your portfolio and at what weighting? Similar dividend yields and similarly disappointing to investors in 2022. BNS has had poor performance for quite some time, and now a leadership change. TRP has a good, strong management team, but cost overruns. At these levels, he prefers TRP -- underlying business doing quite well, core fundamentals extremely strong, project issues will get solved though investors may have to wait a bit.
Strong brand name, high quality. Diversified. 50% of revenue is from Canada. 45% of revenue is from Latin America, a key differentiating factor which has been hurting, putting pressure on share price. Yield is 6%.
Robert Gill
Paul Harris, CFA
Jamie Murray 
Lorne Steinberg
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Better than expected quarter reported. Loss provisions declined. Trading back in line with peers. Unlock Premium - Try 5i Free
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A bit like chalk and cheese. CM is the most domestic and Canadian bank. BNS is the most international, especially in Latin America. BNS has more risk because of all that could go wrong in developing countries. CM has more risk because it rarely has found a log that it couldn't trip itself over. Invest with the one that you bank with. It will at least be emotionally satisfying, as your bank charges will be covered by dividends, which will increase regardless.