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

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Bank of Nova Scotia (BNS.TO)

112.36

-0.75 (0.66%)

as of Jun 5, 2026, 8:00:00 pm Market Open.

2156 watching

Investor Insights

Jun 5, 2026, 12:00 am

This summary was created by AI, based on 30 opinions in the last 12 months.

The Bank of Nova Scotia (BNS) has received mixed reviews from experts, highlighting its strong dividend yield and international focus, particularly in Latin America. While many analysts appreciate its valuation being relatively low compared to peers, there are concerns about strategic direction due to its recent investments. The bank is viewed positively for its turnaround potential under new management, yet some analysts caution about potential credit issues and the broader economic landscape affecting its performance. Overall, experts express a sense of cautious optimism, suggesting it is a solid long-term hold but emphasizing the importance of timing for new purchases.

Consensus

Hold

Valuation

Undervalued

Similar

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.

COMMENT

The question was on banks. Recent reports from Canadian banks were mixed but they are good blue chip stocks. Royal Bank has room to go higher next year. The Bank of Nova Scotia has better growth due to their exposure to emerging and Latin American markets which should have a better outlook for the second half of 2023.

BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Valuation gap with peers has widened. International exposure dampening sentiment. Healthy loan growth. Industry-wide rising provisions.

HOLD

Holds a small position for the yield of 5.6%. High quality, like all the banks. Pretty reasonable payout ratio. Cheap at 8.7x earnings. Probably more volatility for the group as we work through recession fears.

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Bank of Nova Scotia (BNS.TO)