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

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Bank of Nova Scotia (BNS.TO)

127.29

-0.71 (0.55%)

as of Sep 9, 2026, 8:00:01 pm Market Open.

2151 watching

Investor Insights

Sep 9, 2026, 12:00 am

This 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.

Consensus

Cautious

Valuation

Fair Value

Similar

COMMENT

If not banks, maybe utilities? He would continue to hold Bank stocks. Utilities could suffer if we continue to have a "normal" market and interest rates begin to rise. He does not have a holding in Canadian banks, they hold US banks, insurance or mortgage companies. Yield 4.8%

BUY

It has lagged due to issues with its foreign assets. He likes the Canadian banks in general. He would rank it 2nd or 3rd in terms of the Canadian big banks.

TOP PICK

They've been absorbing some acquisitions, including a wealth management one that's 50/50 Canadian/international. The latter will counter the soft global growth; looks pretty good. It went down last year, but will return to the low-80s. (Analysts’ price target is $77.13)

DON'T BUY

He would not take a play in any of the major banks unless you are there for dividends for a very long term. When a recession hits, like in 2008, the banks will get punished again. You might look to European banks.

TOP PICK

Pays a 4.7% yield. They're expanding into wealth management well with acquisitions last year and enjoy improving international earnings momentum due to Chile. They're investing to improve their IT operations. Sells at a compelling valuation. (Analysts’ price target is $77.13)

TOP PICK

It is his first Canadian bank recommendation. It has a loan to value on their uninsured mortgages in the low 60s. They can withstand a lot of pain. Their mortgage book is mostly residential housing vs. condos. You get almost a 5% dividend yield that will probably rise over the next 10 years. They will probably get a reasonable return even if interest rates never go up. (Analysts’ price target is $77.13)

TOP PICK

Most globally ambitious. Number of acquisitions, which appear to be going well. Trading at a 10% discount to its historic valuation, 10x earnings. Consistent outperformance of the TSX. Yield is 4.81%. (Analysts’ price target is $77.13)

PAST TOP PICK

(A Top Pick Oct 05/18, Up 4%) It's come back quite nicely. All the banks have been back and forth. He likes BNS since it operates in higher growth areas. Their growth rates are 4-6%. Glad they are moving out of some Caribbean countries that were more trouble than good.

BUY

Move to TD-T? All of our big banks are strong long term investments. He prefers TD-T based on margin. BNS-T gives you low risk exposure to emerging markets. He would not sell one to buy the other. It's not worth the tax hit.

PAST TOP PICK

(A Top Pick Oct 30/18, Up 11%) It is starting move upward now. It is 50% international in its business. They are getting out of Chile and Thailand. They have recently added some Canadian assets that the market did not like. Their last quarterly report was very positive and the market is starting to adjust. He will continue to hold it.

BUY

It's been the worst performer of the group until recently and Latin America is the big bet. It should grow at the slightly higher rate than Canada. He likes it at these levels.

PAST TOP PICK

(A Top Pick Jul 25/19, Up 6%) Good for income investors. Though weaker than its peers, BNS at 10x earnings is still a good stock worth buying.

PAST TOP PICK

(A Top Pick Aug 22/18, Down 3%) He continues to own and recommend it. We have seen some of the banks pull back in the last little while. It is trading between 1.3 and 1.4 times book. Their south American exposure slowed them down a bit. They are a well capitalized bank. He would continue to recommend it.

BUY

She likes the Canadian banks and that the economy is slowing. Today's bank valuations are reflecting that. BNS-T is selling off some non-core assets. It now trades at a discount to the other Canadian banks and feels it is the time to buy this one.

PAST TOP PICK

(A Top Pick Sep 13/18, Down 1%) They're now focussing on Latin America (i.e. Chile, Peru), a good strategy. The whole sector has been flat this year, but Canadian banks enjoy an oligopoly, and consistently pay a 4-6% yield by paying half their earnings.

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Bank of Nova Scotia (BNS.TO)