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

Home

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

If there's a recession. After making some big deals, there are not seriously in the wealth management business. They also restructured. It will be hard to synergize the wealth management business. Also, BNS are big players in emerging markets, which have had a tough time and have pressured BNS. In a recession, all banks do poorly, but it depends what drives the recession (i.e. mortage defaults).

Wealthica Track your Stocks in your Watch List

WAIT

A lot of EM exposure, where there's more growth, but they've been under pressure. Not a huge fan of it right here today. But looking 3-4 years down the road, there's nothing wrong with it. Yield is 4.9%.

TOP PICK

He hasn't recommended a Canadian bank in a while. BNS has long been under pressure from their Latin America operations, but the growth rate of that has been a huge 14%. Now is a great entry point. Pays a 5% yield. Today, they're selling operations in the Caribbean, a weak link. They've made big purchases in wealth management which will pay off. A great defensive. (Analysts’ price target is $80.07)

DON'T BUY

He's been a fan of BNS for many years. Moving into Latin America was a good idea, but TD and RY were smarter to expand into the U.S. BNS hasn't scored as well in Latin American as he expected, so he now favours TD as well as National Bank.

WAIT

It appears to be under some short term pressure with some negative press on in house operations. Some Mexico business may be pressured under concerns of tariffs from the US. They had two wealth management acquisitions that will take time to digest. A good long term hold, but wait for things to improve.

PAST TOP PICK

(A Top Pick Jul 06/18, Down 5%) It has a decent yield and has global exposure. He sees better growth in non North American areas. He is happy to hold this.

TOP PICK

International has been 15% + year over year. Growing well. The worst Canadian bank usually turns to be the better performer. P/E is 10 and Dividend Yield 5%. (Analysts’ price target is $78.17)

DON'T BUY

The laggard of the big 5 banks. It's been choppy and sideways for the past 12 months. Expect more choppiness as banks report this month. If this moves below $66, sell. Since late-2017, this has been on a downtrend. In contrast, BMO and especially TD have a long-term uptrend. Buy those instead.

Wealthica Track your Stocks in your Watch List

HOLD

They have consistently grown their yield. It operates in an oligopoly. It has been right sizing some of their businesses. A rate decrease will hurt their earnings. Not the cheapest in the space. Yield 4.85%

TOP PICK

It's a play on underbanked territories (Latin America and parts of Asia). Boasts a 6% compound growth rate, a 14% discount to its 10-year average; 9.7x earnings. Now is a good entry point for a laggard Canadian bank. (Analysts’ price target is $79.17)

PAST TOP PICK

(A Top Pick Jun 04/18, Up 0%) He would have expected a better return. It is good value here.

BUY

One of the cheaper names in the bank space in Canada. Their revenues come from outside Canada, including emerging markets where commodity prices at more at risk. This is reflected in their relative share price. In the long run this is a fine holding. It trades at 10 times earnings, near 5% dividend. Historically, this is an excellent time to buy Canadian banks.

COMMENT

Canadian Banks? Through 2020 be cautious. He only owns Scotiabank, with a smaller percent of business in Canada. The Canadian consumer is too stretched with debt and he worries about real estate values.

DON'T BUY

Canadian banks have minor seasonality: Oct-Dec and Jan-Apr. The last earnings were weak. Will this keep happening or was that a one-time weak report? Will the weaker housing market in Vancouver hurt the banks? Then again, Toronto housing is holding on. BNS's chart has a down trend since late-2017, which is not good. He doesn't see much upside with this group. It'll depend on May's report.

BUY

CIBC vs. BNS Canadian bank shareholders haven't made money lately including himself. The market has been worrying about bank prospects (i.e. mortgage defaults) constantly, and yes Q1 was weak, but he expects banks to show positive earnings. Also, they trade at 9-10x earnings and pay good dividends that'll grow. Of the two, he'd pick BNS.

Showing 331 to 345 of 1,688 entries

Most Recent Experts

Brian Madden

First Avenue Investment Counsel

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Darren Sissons

Campbell Lee & Ross

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Joe Terranova

Virtus Investment Partners

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Bank of Nova Scotia (BNS.TO)