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

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Daily Stock Opinions and Ratings

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

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.

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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.

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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.

HOLD

A definite hold. They reported earnings and it was good news -- including an increase in the dividend. It trades at 10 times next year's earnings. Now is not the time to sell. He is not as worried about the potential sell off in the Canadian banking sector due to increased credit exposures -- he believes this is already factored into the current share prices. The Canadian housing sector is far less vulnerable than the US banking sector.

COMMENT

Today they announced they increased their dividend by 3 cents per quarter, paying a 5.25% yield which is high for a bank. Share buybacks are a better use of their cash, though. Nothing wrong with sitting on a bank stock and collecting the yield. BNS had a good quarter, but today's earning report was a low-quality beat. He prefers TD Bank for its US exposure.

HOLD

The banks are going sideways with Canadian mortgage worries, but they are soundly run. He disagrees that the banks should be shorted and the downside fears are invalid. That said, he doesn't hold many banks. It's okay to hold this long-term. Not for trading. Expect little stock movement.

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Bank of Nova Scotia (BNS.TO)