TSE:BNS

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
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Investor Insights
star iconSep 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.

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Consensus
Cautious
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Valuation
Fair Value
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Similar
RY
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%
BUY
All Canadian banks were beat up late last year which let him add to existing positions, like RY. But you can buy the worst-performing bank in a given year, expecting it do well in the next. Trades at an attractive multiple.
BUY
What happens to this if there's a recession? Pays a good dividend. The new CEO is unpopular in the bank because of layoffs, but he's building the bank in the long haul. He likes BNS because of its investments in emerging markets. Recession: if Canadians start losing jobs, this will be a problem. Western Canada is already in a brutal recession though not the whole country. Canadian banks will get caught in a national recession. If you want to avoid this, then buy American banks.
SELL

They are bearish in banks. They just sold this one recently. He is out of the sector 100%.

TOP PICK
It has lagged the banking group. In 2018 they were busy doing acquisitions in south America. They have a good focus on costs. They will integrate their acquisitions. This is a good time to get in. (Analysts’ price target is $81.78)
TOP PICK
The most international bank, great exposure to South America and Mexico. Last year was tense with the trade negotiations. Valuation isn't at a premium anymore. Compelling buy now. Has been investing heavily in changes brought on by technology. Yield is 4.8%. (Analysts’ price target is $81.88)
PAST TOP PICK
(A Top Pick Jan 17/18, Down 10%) Didn't pay off last year, but none of the banks did. Likes it because they deployed a lot of capital.
TOP PICK
Has been a core holding for many years. Confidence is as strong as ever with the recent reset in the valuations. Canada's third largest bank. Most globally ambitious, with established footprint in Mexico and South America. Have been making acquisitions. Internal efficiency levers to pull. Earnings grow about 7% compounded over last 5 years. Should continue to outperform the TSX, which it's done for last 17/25 years. Yield is 4.8%. (Analysts’ price target is $82.00)
BUY
BNS-T vs. BAC-N. He owns the Canadian banks. Most of the US banks have been bankrupt in his career. Canadian banks are better regulated. You might make more money in the US within a couple of years but not after 5 years.
COMMENT
BMO or BNS? He slightly favours BNS. But BMO is still a good company. All the top 5 Canadian banks are solid. BMO may lag behind is some areas. At these prices, both are good value.
TOP PICK
The Canadian banks are very cheap today. An oligopolistic structure, which produces over 40% return on their domestic banking business. It trades under 10 times 2019 PE. It is bulking up in its international asset management business, especially into Latin America. Yield 5%. (Analysts’ price target is $82.15)
BUY
The worst Canadian bank performer last year. Usually, the worst bank in one year does well the next. BNS does worse when there are international worries (like China now). BNS does a good job and its ROE is good for the first time in a while. Likely, BNS will rise with its Canadian peers.
WATCH
Bought as part of a trading pattern, but it's broken support. So you wait for a rally back up to support, and then you decide if it can break through or you have to sell it. If it looks as though everything is going down, you look for opportunities to sell.
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