Bank of Nova Scotia (BNS.TO) Buy, Sell or Hold

Bank of Nova Scotia (BNS.TO)

129.41

-1.88 (1.43%)

as of Sep 30, 2026, 8:00:00 pm Market Open.

2150 watching

DON'T BUY

Promise of faster, secular growth in emerging markets has never really materialized. Buy you still get all the volatility, credit risk, regime change, currency risk. Risk and reward are supposed to be 2 parts of the same coin, so if you have greater risk but not commensurate reward, probably not a great investment, especially relative to peers.

BUY

CEO changeover controversy is just a lot of noise that doesn't detract from overall story. SA exposure has hurt. Overall in good shape, competitively priced against other Canadian banks, extremely good yield. A Buy.

BUY

Likes Canadian banks stocks. Recent selloff has sold of shares at ~30%. Controversial CEO change recently. Very steady business with excellent capitalization. History of Canadian banks very strong.

COMMENT

pipeline outlook & banks too Rising rates are the biggest headwinds against the pipelines, but they remain good stocks. He's less positive about the banks. Short term, the US banks reported recently that capital markets activity has declined. Meanwhile, high debt levels of Canadians consumer may impact loan losses. Both sectors remain attractive to dividend investors though.

BUY ON WEAKNESS

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Slower recovery due to weak Int’l markets. Trading cheaper than Canadian bank peers. Low rates will hurt short-term profits. Geographically focused in high ROE areas. Unlock Premium - Try 5i Free

BUY

New CEO announcement coming soon. Shares have sold off with recent market downturn. Highest dividend yield of Canadian banks. Company very comparable to other Canadian banks. Owns shares in the company.

BUY

The banks are an indicator of markets. Capital markets activity (a lot less M&A) has impacted banks. However, net interest income is positive. On balance, banks have a decent profit profile. They hold a lot of capital to pull many levers like buy back shares. He is quite positive all banks. His favourites are BNS and TD, followed by Royal. CIBC has a weaker growth profile.

DON'T BUY

They announced an unusual CEO succession--an outsider--last week. Doesn't own it because it lags its peers in total shareholder return over 5 years. Mexico and South American operation shave only heightened volatility without increased earnings. An acquisition has yet to pay off. There are many question marks here.

BUY ON WEAKNESS

Currently shares are presenting a good buying opportunity. Excellent business with good long term prospects. Is a good time to buy.

WAIT

The markets dislike uncertainty and since they have just hired a CEO from outside the bank, wait for things to settle down and firm up.

DON'T BUY

Missed numbers. NIM decreased, which was surprising. Volatility always present from Latin and South American assets. Not a fan of their geographic strategy. USD vs. EM will always put a discount on the stock. Prefers TD or RY.

BUY

Compelling dividend yield. Lots of SA exposure related to commodities, and political changes may have weighed on the stock. Going into this uncertain period, you want strong, stable earnings with a reliable dividend.

PARTIAL BUY

You can start buying it here. The banks are trading below historic PE and the yields are attractive. The banks never cut their dividends. Buy a GIC instead? A bank dividend pays as much as a GIC, but also gives you capital appreciation as the share price rises over time.

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Curated by Michael O'Reilly since 2020.
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TOP PICK

Stockchase Research Editor: Michael O'Reilly During this period of market uncertainty, we reiterate BNS as a TOP PICK. Canadian chartered banks are the class to hold -- especially when they are on sale. Trading at only 9x earnings and at 1.25x book value, it is good value here. Recently reported earnings beat analyst expectations for the 7th consecutive quarter and support a 15% ROE. It pays a great dividend, backed by a payout ratio under 50% of cash flow. We are recommending sliding the stop loss (from $67.50) to $61.50, targeting $87 -- upside potential over 21%. Yield 5.49% (Analysts’ price target is $86.93)

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TOP PICK

Bank of Nova Scotia engages in the provision of financial products and services, including personal, commercial, corporate, and investment banking. It operates through the following segments: Canadian Banking, International Banking, Global Banking and Markets, and Other. The Other segment includes group treasury, smaller operating segments and business line elimination items. The company was founded on March 30, 1832 and is headquartered in Toronto, Canada. Social media mentions are up 1400% in the past 24h.

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Bank of Nova Scotia (BNS.TO)