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 27, 2026, 12:00 am

This summary was created by AI, based on 30 opinions in the last 12 months.

Experts generally recognize Bank of Nova Scotia (BNS) as a long-term investment with an attractive dividend yield, currently around 4.5% to 4.6%. However, there are mixed reviews on its recent performance, with some noting it has lagged behind peers like Royal Bank (RY) and TD in terms of growth and valuation. Analysts mention that BNS has a solid capital base and is seen as undervalued at approximately 1.5x book value, yet concerns regarding its strategic decisions and international exposure, particularly in Latin America, persist. The new management is considered a positive change, although uncertainties surrounding acquisitions and future growth strategies contribute to a cautious outlook from some experts. Overall, while short-term volatility and market conditions remain a factor, BNS is still deemed a viable option for investors looking for dividend income and stability in the Canadian banking sector.

Consensus

Hold

Valuation

Undervalued

Similar

WAIT

Likes it longer term, doesn't like it on the short term. Spent a lot of money over the last couple of years doing acquisitions here in Canada and also in Latin America. The next few years are really going to be a time for Scotia to digest their acquisitions and hopefully realize some synergies. He sees a challenging time for the share price while that's happening. Not in a rush to buy it.

COMMENT

Canadian Banks have done incredible well. He has always been concerned with the Latin America as the area is not that stable as North America and this bank has exposure to that area. In late cycle usually this bank outperforms but it is not worth the risk in his opinion. It is rather cheap-ish here. but he probably will never own it.

HOLD

He thinks it is a good long term hold. They have been making acquisitions. It is extremely well run with a good focus on costs. He expects continued growth and modest dividend increases.

BUY

Likes it because it’s been unfairly punished compared to the other banks and is trading at a discount. Doesn’t think EMs are heading into a tailspin, so no reason for the strong selloff. You could add to this name. Dividends are growing.

DON'T BUY

Not his favourite among Canadian banks, because of its Latin American exposure, which is risky. Well-run though, and the Canadian banks are an oligopoly. Overall, the Canadian banks have performed lacklustre this year. He prefers TD and RY.

BUY

LB-T vs. BNS-T. Both are safe. He owns BNS-T. It is never a good idea to chase yield. BNS-T is the most international bank in Canada.

BUY

He likes the Canadian banks which have had a big pullback. Well-managed and pays a good yield. Now is an opportunity to buy and they should return 10% over the next year.

BUY

Banks are great stocks to hold for low volatility. It has dropped quite a bit but this may be a good buying price now. There is no support below $69 down to $65. Buy a small position now and then more next month and more the month after.

PAST TOP PICK

(A Top Pick Aug 23/18, Down 9%) He doesn't want to own any of the financials going on the new year. He is looking for an exit door.

BUY

All markets and Canadian banks have been punished, and he doesn't understand why BNS has been hit so badly. Their wealth management has the biggest upside with those two acquisitions (maybe paying too much). They've made good acquisitions in Latin America, which may be more volatile, but have paid off.

TOP PICK

Down to 9x earnings due to fears in emerging markets (Latin America). This is as cheap as it gets. It'll bounce back, as history shows. (4.9% dividend, Price target: $86.12)

BUY

It's badly lagging the other Canadian banks. It's been oversold to the point of being highly attractive. Good 4.8% yield and PB value. Yes, they are exposed to Latin America, but BNS is making a lot of effort in fintech and wealth
management through the Jarislowsky purchase. Now, BNS is a buying opportunity.

PAST TOP PICK

(Past Top Pick Oct. 18, 2017, Down 10%) They have a large presence in Latin America in a time when emerging markets are under pressure. But this is also a secular growth opportunity. It now lags the Canadian banks, but the laggard in one year often leads it the next.

COMMENT

A higher-beta bank name, because their revenues are mostly in Latin America where there are commodity-based economies and are thus more volatile. But the middle class is growing there, so there's long-term potential. You'll be fine if you have a medium- or long-term horizon, but challenging in the short. It's riskier than its peers. Also, it takes time to digest their recent large acquisitions in wealth management and to benefit from those synergies.

BUY

It has not been performing well. The international growth has not been strong. Scotia does not have a strong US franchise. So earnings growth has stalled right now. It is in the penalty box right now because of their recent purchase of money manager firms and dilution of shares.

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Bank of Nova Scotia (BNS.TO)