TSE:BNS
Bank of Nova Scotia (BNS.TO)
132.54
+0.72 (0.55%)
as of Oct 28, 2026, 7:16:14 pm Market Open.
2151 watching
Financials 
Technical Analysis 0
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Premium contentTOP 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.
banks
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.
Jason MannOwned
banks
BUY
Owns a bit of this. Their net interest margins disappointed today. BNS commented that with rising interest rates that customers are transitioning from deposit chequing accounts to GICs, so they don't get that lag time (what banks pay on your bank account vs. what they charge on a mortgage) as rates rise. Canadian banks are great income stocks, but stocks have pulled back on economy fears. Canadian have outperformed US banks. Buy on pullbacks. Are good income investments. The banks won't release provisions, because the economy is slowing. But the banks are still enjoying loan growth. Now is an attractive entry point for a long-term hold. You can start building a position. Valuations are fallen below historic averages, attractive. Balance sheets are strong and dividends are safe in this sector.
Christine PooleOwned
banks
BUY
Unique footprint. With the pandemic, they're in regions of the world where the response wasn't as swift as it was in developed markets. Pruned international operations and built up Canadian wealth business. Well positioned for the longer term. Valuation and dividend yield are attractive right now.
Chris BlumasOwned
banks
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly With a reliable dividend growing annually at 5%, BNS is selected as a TOP PICK. Analysts expect earnings grow of 7% over the year. It trades at 9x earnings and only 1.3x book value. Earnings continue to beat expectations and support a 15% ROE. The dividend yield is great and is backed by a payout ratio under 50% of cash flow. We recommend a stop loss at $67.50, looking to achieve $90 -- upside potential over 18%. Yield 5.45% (Analysts’ price target is $90.04)
banks
BUY
The Canadian banks have pulled back this year, though are outperforming the U.S. ones. The concern is higher interest rates, the impact on the housing market, and high inflation that could tip the economy into recession. Now, the banks are attractive; forward PE are single-digit and price-to-book are historically low. Share prices are discounting a slowdown, but the banks will continue to grow. The banks set up a lot of provisions during the pandemic and haven't released all of them; rather, they will slowly rebuild those provisions. The yields remain attractive.
Christine PooleOwned
banks
DON'T BUY
Doesn't own any of the Canadian banking cartel. This industry needs disruption and more competition. Banks have enjoyed excess profits because they are a cartel. TD and Royal were the leaders here, but return in invested capital are in the mid-10s. Sure, reliable returns, but that is due to an oligopoly. More banks would benefit the Canadian consumer, certainly.
banks
BUY
BNS vs. CIBC or both? If you bought and held Canadian banks in 1976, they would have outperformed the markets. Banks enjoy an oligopoly. CIBC has had everything go wrong in the last 20 years, but they have now regained credibility. CIBC is more exposed to Canada than its peers. BNS is a big player in Latin America. CIBC is a solid play on the Canadian economy, driven by high oil prices (and the Russian war). BNS is invested in high-growth companies in Mexico, Peru and Chile. BNS will be more volatile than CIBC because of high oil prices and food shortage, but if those economies do well then BNS will also do very well.
banks
PAST TOP PICK
(A Top Pick Jun 21/21, Up 6%) It has caught up but has since sold off. The challenges are due to international banking. Also it announced recently it is moving from unsecured lending to secured lending so it doesn't have the financial flexibility of other banks. He is considering selling and moving the money elsewhere.
Teal LindeOwned
banks
PAST TOP PICK
(A Top Pick Aug 25/21, Up 4%) It is like CM and all banks. It should break through good tech support at about $78. There is not enough to move banks up.
Ross HealyOwned
banks
HOLD
Watch earnings this month. Look at how increase in net interest margins is perhaps offset by slowing in mortgages. Loan book will be under scrutiny. This year has been tough on investment banking, due to few IPOs and little M&A. Examine strength of international operations. Great yield, low PE and price to book. Canadian banks have lots of capital, and you can get though these times owning them.
Paul Harris, CFAOwned
banks
BUY
Are bank stocks safe again? Canadian banks have outperformed the TSX throughout his entire career. There's fear that rising rates will make mortgages uncertain. But given this correction, you can nibble at the Canadian banks now, one of the safest assets in Canada, since they are protected by law. His favourite bank here is BNS given their exposure in South America, which were badly hit by Covid and they have wide mining exposure. The safer bet is CIBC, because it's well-managed, is more exposed to the Canadian economy which is thriving because of demand for natural resources, and it pays a good dividend.
banks
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