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

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Bank of Nova Scotia (BNS.TO)

123.30

-2.07 (1.65%)

as of Aug 19, 2026, 2:43:54 pm Market Open.

2153 watching

Investor Insights

Aug 19, 2026, 12:00 am

This summary was created by AI, based on 27 opinions in the last 12 months.

The Bank of Nova Scotia (BNS) is viewed as the weakest among Canadian banks, with varying opinions on its management changes, strategic focus, and overall performance. While some experts acknowledge its relatively low valuation and strong dividend yield, concerns about its Caribbean exposure and sluggish growth persist. The bank's recent investments, including its stake in KEY, have raised eyebrows, with some analysts preferring other banks like Royal Bank of Canada (RY) and Toronto-Dominion Bank (TD). Despite improvements in its operations and a favorable regulatory environment for banks in Canada, opinions remain mixed on BNS's ability to catch up to its peers. Analysts suggest that while it offers a decent yield and potentially good long-term prospects, caution is warranted amid uncertainties in the credit cycle and economic outlook.

Consensus

Cautious

Valuation

Fair Value

Similar

HOLD

Diversified geographically. Big operation in Latin America. Would prefer Toronto Dominion (TD-T) or CIBC (CM-T).

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BUY

Likes the banks. The summer selloff has created a little bit of an opportunity in banks and this one is typical. Banks have been consolidating for the last few weeks. Thinks you will see a breakout and they will get back to the April/May highs.

BUY

This and all the Cdn banks have traded sideways for the last few months. Good yield in excess of 4%. Very reasonable multiple. Good entry level.

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.

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Bank of Nova Scotia (BNS.TO)