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

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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

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.

PAST TOP PICK

(A Top Pick Dec 06/17, Down 13%) BNS had problems early this year with acquisitions, but long-term these purchases made sense (money manager in Canada and Latin America). They likley paid too much, but markets always say this. It's been the best performing Canadian banks since summer. All banks will see 5-7% growth.

COMMENT

CM-T vs. BNS-T. It depends on your appetite for volatility and your expectations for returns. CNQ-T is a bet on oil. SU-T is more defensive but with less upside if you get the timing right on the price of oil. SU-T has a good opportunity to step in.

TOP PICK

This bank has the skills to operate in growth areas like the Caribbean and Central America that are superior to most of North America. NAFTA is going to be positive for Mexico, where BNS is the second largest bank. Recently got out of problem areas in Caribbean. Expanded into South America, and management has lots of experience. Stock is extremely cheap, so it's the best buy right now. Yield is 4.7%. (Analysts’ price target is $82.54)

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Bank of Nova Scotia (BNS.TO)