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.

2155 watching

Investor Insights

Jun 6, 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 a major Canadian bank that has garnered mixed reviews from experts regarding its current positioning and future growth potential. While some experts express optimism about its relatively low valuation and strong dividend yield, others highlight concerns around its strategic moves, particularly regarding its investment in KEY and international operations. The bank has been recognized for its efforts to clean up its business model and improve operational efficiency, but it still lags behind peers in market performance. Many analysts suggest that long-term investors may find value in holding BNS due to its attractive yield and potential for future growth as management's strategies begin to take effect. Overall, the sentiment leans towards cautious optimism, but with several experts recommending careful monitoring of the stock's performance in the context of broader market trends.

Consensus

Hold

Valuation

Undervalued

Similar

TD, TD

TOP PICK

Earnings today ahead of his expectations. Has always been a core position for him. Buy it for its consistency. Thinks the premium is relatively modest given the consistency and the credit discipline they have exhibited. Canada’s most internationally diversified bank except in Europe.

BUY

Overseas they do a very good job. They have always been very good at it. It has pulled back some and this is an entry level. 4% dividend, 15% if it goes back to where it was 6 weeks ago. Relatively low risk.

PAST TOP PICK

(A Top Pick May 20/11. Down 10.03%.) Believes this is down because of worries about Europe. Also, they issued $1 billion plus of new equity in order to help buy the bank in Colombia. This is the bank with the most international exposure. Still likes.

DON'T BUY

He has avoided it because of the volatility from South America and Caribbean. If Europe implodes, the Canadian banks should sell off.

BUY ON WEAKNESS

BNS-T All banks are around fundamental value, his model price. His model price is $50.63, a negative 2%. He would try to buy this at around the $49 level which is a major support for him.

COMMENT

All the Canadian banks have done a great job of managing risks. This one has moved into emerging markets and has done a very good job. His issue longer-term is that Canadian banks are fairly valued and not cheap by any means but you're getting a fairly good yield and they continue to do well.

BUY

With the bank stocks, you don't have to be as critical with your timing. You are getting paid to hold the stock with a very decent yield. This one is over 4% as most of the other banks are. Getting pretty close to the level where the stock stalled last summer. Not looking for a tremendous upside from here but with the 4%-5% growth, plus the yield that is a pretty decent return.

WAIT

A good stock on the charts. Usually banks do well from Feb until reporting of second quarter results at the end of May. During last two weeks we saw all the banks show signs of rolling over. Lots of banks broke short-term support levels in the last two weeks so the season has ended earlier this year.

BUY

Terrific, well run, long-term buy-and-hold kind of bank. Pays a decent dividend. If you held this for 10 years, he would guess that between the dividend and the price appreciation, you'll make on average 11%-12% a year.

DON'T BUY

Canadian banks tend to peak in mid April, just when the US banks tend to peak. From October until April there is about a 12% run. Not excited about the prospects of financials from this point. He's looking for this one to get at about $48.

HOLD

Like the other banks, has had a wonderful run up, ran out of steam a little in the middle of 2011 and developed a down trend line. Now it is in a slightly positive up trend but there is a Top formation on the chart that really bothers him. If you own, put in a stop/loss at around $50. If it moves up, continue to raise your stop/loss.

BUY

Feels that in large part of the tremendous growth of the banks is behind them. You are looking at much more moderate growth. 8%-9% in terms of earnings. Banks are trading at 11-12 times earnings.

TRADE

Would rather get xfm which is an ishare portfolio of many banks. Is breaking out of some resistance. Looks like it may go a couple of dollars from here, but will have problems going much higher.

BUY

Given their exposure to emerging markets.

TOP PICK

One of his favourite Canadian Banks. He has been watching them. Earnings came out much better than he expected. He wants to raise his exposure to the banks. Build business in Caribbean. Thinks that part of their business will continue to grow and margins will be good.

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Bank of Nova Scotia (BNS.TO)