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

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Bank of Nova Scotia (BNS.TO)

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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

PAST TOP PICK

(A Top Pick Dec 03/20, Up 29%) Time to reap what they've sown in acquisitions. Continues to own and buy. Footprint in EM, so double or triple the organic growth there, though risks are higher. Well run. Undemanding valuation, compelling yield. Over-capitalized enough to raise dividends and repurchase shares.

COMMENT

Were long time shareholders and were very happy. Exposure to Latin America were good growth areas but do not think it is positive still. Was one of the under-performers in the banking sector. Likes Canadian banks. Likes National Bank the most.

PAST TOP PICK

(A Top Pick Feb 26/20, Up 17%) Still a buy though it's lagged the other banks, due to its larger EM footprint. EM was hit hard during the pandemic. Trades around 10x earnings and pays a 4.5% dividend, but this will rebound. BNS is the most undervalued, trading at a 10% discount to peers. He likes RY and TD.

HOLD

It has been a bit of a dark horse here as it has under-performed due to the Latin American assets. They have the best potential to turn things around.

BUY ON WEAKNESS

They have had a good run. The dividend is safe. It has some international exposure which adds some volatility. These are good opportunities to add to the banks. Some banks have a lot of room to raise dividends.

PAST TOP PICK

(A Top Pick Dec 04/20, Up 18%) It lags its peers, but is selling at a discount based on a lower price-to book at 1.4x, yet paying a 4.5% dividend. Good to buy at current prices. The banks will do well when they can raise dividends and buyback shares again.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. 5i likes the global and international exposure that BNS offers compared to other big banks. If the global economy continues to grow, they should remain strong. Unlock Premium - Try 5i Free

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company reported good results recently. Investors expect a dividend increase shortly. A global recovery will help their position further, and 5i is comfortable here. Unlock Premium - Try 5i Free

DON'T BUY

A premier bank. Biggest problem is heavily invested in Latin America and the Caribbean, which brings volatility. If this was a time to get aggressively with EMs, you'd lean toward BNS. As a proxy, he'd be more interested in RY and TD. The US is the highest growth economy right now.

TOP PICK

It's the cheapest (in valuation) and pays the highest dividend among the banks. It has a strong 12-month outlook, at least two strong quarters ahead. (LB-T is also cheap.) (Analysts’ price target is $86.38)

BUY

They beat numbers today, including mortgage loans and investment management businesses. All the Canadian banks are flush with capital. He expects the regulatory to eventually buyback shares and raise dividends, and stocks will rise. Banks are putting those pandemic reserves into earnings. BNS will do well, especially with buybacks and dividend raises.

COMMENT

Owns these two banks. BNS is Canadian and Latin America, where as RBC is Canada and US. Likes BNS's exposure to Latin America. Currently under covid, it is being more hurt. The stock is lagging here because of this. RBC is doing better due to Canada and US doing better. Over the long term, RBC is the stronger and better bank, but both are good choices.

TOP PICK

Canadian banks have generally moved higher but in the short term they tend to play leapfrog. In recent years other have leapt ahead. (Analysts’ price target is $86.15)

COMMENT

In general for the Canadian banks have done pretty well over the last years. For banks, lower interest rates make it hard for banks to make higher profits. Fees are higher and higher. Financial space could be challenging. Normalization will be good for financials. Banks are now fairly or over valued now. They will grow their earnings.

HOLD

It is the most international of the Canadian banks. A catalyst to make something really good happen would be if two Canadian banks merged. There is not much room for them to grow otherwise.

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Bank of Nova Scotia (BNS.TO)