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

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Bank of Nova Scotia (BNS.TO)

122.67

-0.06 (0.05%)

as of Jul 27, 2026, 8:00:00 pm Market Open.

2153 watching

Investor Insights

Jul 27, 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 elicited mixed reviews from experts. Some highlight its strong positioning for future growth due to investments in GenAI and a favorable regulatory environment that allows for increased lending capacity. However, others express concerns about BNS's performance relative to its Canadian peers, noting it as the weakest among them despite a decent dividend yield of around 4.5% and recent strategic moves to invest in the U.S. market through KEY. While some analysts see potential for long-term gains, particularly with the new CEO at the helm, others urge caution citing stagnant loan growth and rising provisions for credit losses (PCLs). The overall sentiment reflects a blend of optimism for its turnaround and skepticism about its ability to catch up to its competitors amidst ongoing economic challenges.

Consensus

Mixed

Valuation

Undervalued

Similar

PAST TOP PICK

(A Top Pick Jul 04/18, Up 0.2%) Somewhat of a laggard compared to the other Canadian banks. He likes it because it has the smallest exposure to Canada. Their acquisitions into wealth managing companies should take time to develop. He would continue to hold it.

HOLD

Selling the covered call to gain more income. This has work until recently. Do in the money covered calls instead? If you do, you'll lose the dividend when you sell it. He wouldn't because you'll likely lose the stock and the dividend.

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).

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.

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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.

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.

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Bank of Nova Scotia (BNS.TO)