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

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Bank of Nova Scotia (BNS.TO)

122.44

-0.13 (0.11%)

as of Jun 26, 2026, 8:00:00 pm Market Open.

2153 watching

Investor Insights

Jun 26, 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) is seen as a long-term hold by many analysts, despite a mixed performance relative to its peers. While some experts express optimism about its high dividend yield of around 4.5% and its potential to outperform due to management changes and international exposure, others express concerns regarding its strategic decisions, particularly the investment in KEY. This inconsistency in leadership and strategic direction appears to affect investor confidence. Recent evaluations suggest BNS may be undervalued compared to other Canadian banks, though some analysts recommend caution before adding to positions as the bank has underperformed in the short term. Overall, the bank's appeal centers on its dividend yield and potential for operational turnaround in the coming years.

Consensus

Hold

Valuation

Undervalued

Similar

PAST TOP PICK

(A Top Pick Oct 01/18, Down 6%) Likes it as an international play in Latin America where margins are double in Canada. It's well-run. They've made big acqusitions in wealth management which ate into earnings. He still likes it. It pays nearly a 5% dividend.

PAST TOP PICK

(A Top Pick Feb 13/18, Down 4%) Believes in it for its international exposure in Latin American and SE Asia and its increasing dividend yield. It's been oversold.

PAST TOP PICK

(A Top Pick Feb 21/18, Down 2%) All the Canadian banks have been down this period, but based on relative valuation, he'd pick BNS now. Pays a good dividend. Its relative valuation has slipped because it is exposed to Latin America. That said, this is a core holding of his and he owns a lot of it.

TOP PICK

Often the worst bank one year does the best the next. BNS is 50% Canada and 50% foreign operations. (Analysts’ price target is $79.17)

TOP PICK

He picked the worst Canadian bank year to date. It's underperformed. Their capital markets side was worse than expected. There've been questions about their Mexico operations with changes in that banking environment. They are a good dividend grower and will do another one likely in Q3. The growth of their mortage bank is slowing, though still positive; delinquencies haven't risen. Their core business is domestic retail and what matters is what they do with that cash flow. They're investing in technology which has hurt margins. (Analysts’ price target is $79.17)

COMMENT

They've gone through a rough patch, but he sees opportunities for them outside Canada than within, namely in Mexico and South America. He expects a better earnings report from them than the last. The dividend is also good.

TOP PICK

You want to buy the disappointing bank. Has a good yield. They are not as much in Canada as the other banks. Yield = 4.75% (Analysts’ price target is $79.17)

COMMENT

He doesn't focus too closely on the analysts downgrades. The return provided by banks is half what they were a decade ago. The banks are trading 10 times earnings with dividends of 3-4% yields. He is still positive on them.

DON'T BUY

BNS missed its earnings earlier this week, so is it a buying opportunity? For the first time in years, he's owned BMO which he prefers. Valuations of all the banks fell to a good level in December, so he bought. BNS is his least-favourite bank, having made poor acquisitions in the last few years. They didn't execute in the past quarter, unlike its peers. You don't need to unload this stock, though.

COMMENT

Announced mix earnings today BNS has underperformed the past year among Canadian banks. It yields around 5%. He likes this long-term. They own a lot of international banking assets which have had a rough ride lately. A well-run company and will do well ultimately. BNS is having a temporary lull, that's all. (BMO had nice results today, though.)

WAIT

He really likes the chart. You have been in a downtrend since April. There are lower lows and lower highs. Earnings are coming up but as long as there is no nasty drop, he likes that it is pushing up and leading the banks. The resistance of $78 is the next key level. He is concerned about knowing the exact composition of their emerging markets business.

DON'T BUY

Not currently invested in any of Canadian banks. The feeling is that numbers will not be great. BNS will have elevated costs from acquisitions. This one would be at the bottom of her list for banks.

BUY

BCE vs. BNS for dividend growth and a long-term holding He owns both. Two different companies. The view on interest rates is positive for both. BCE: telecoms won't suffer from cord cutting, since they have a stake in streaming as well; and wireless, cable and interest rates are still high in Canada. BNS: just added to his holding; been a poor performer in the past year, but their international exposure is a positive; pays a good dividend; and this is a safe stock. Canadian banks as a whole earn a lot of money, and he doesn't see problems in this sector. BCE is more defensive, but it comes down to which sector you want.

PAST TOP PICK

(A Top Pick Apr 19/18, Up 1%) Hands down, the banks have had a tough year, so BND holding its own and giving a decent yield are good.

BUY ON WEAKNESS

His model suggests a buy at $66, with only about 10% upside from today's price. He would buy on a pullback. Yield 4.7%

Showing 346 to 360 of 1,688 entries

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Bank of Nova Scotia (BNS.TO)