TSE:BNS

Bank of Nova Scotia (BNS.TO)

124.70
+2.03 (1.65%)
as of Jul 28, 2026, 8:00:00 pm Market Open.
2153 watching
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Investor Insights
star iconJul 28, 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 various experts, reflecting a balance of optimism and concerns regarding its performance and strategy. While some analysts highlight its solid yields and potential for recovery, especially with the banking sector's overall health, others criticize its weaker growth compared to peers and challenges posed by its international exposure. The bank's recent strategic shift toward North America and its investment in KEY have sparked debate about its future direction. Overall, the dividend yield remains attractive at approximately 4.5%, making it appealing for income-focused investors. However, the consensus indicates that BNS may continue to lag behind its main competitors in terms of growth and valuation trends.

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Consensus
Mixed
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Valuation
Undervalued
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Similar
RY
COMMENT
Bought 8.5% strip bonds expiring 2025 in 2008. Take a capital gain or let them ride? Very sensitive to interest rates. You’ve had a great run and he would consider taking some money off the table but wouldn’t do it too soon as there is still more money that can be made because of the spread between the corporates and governments.
TOP PICK
All the banks have reported in the last week. In a conference call they mentioned that with the Basil requirements, in 2013, they will need some outside equity and the stock suffered. Bought a half position and will wait until after the 9th and activate the other half if it should fall to $47.
DON'T BUY
There is no Canadian Bank stock that attracts him. They are all fully valued.
COMMENT
This is a pretty good performing stock relatively speaking. Trading in a sideways, consolidation range. If you own, you have to get out at $40. Could trade up to $52 for a little while.
DON'T BUY
Financials have had a very difficult year globally. Within financials, the question is which one could be impacted by what is going on in Europe. This bank has done quite well in South America and Caribbean. South America has a more significant risk to what is going on in Spain. He has about a zero waiting in financials.
BUY
Very cheap at 10 earnings. They raised their dividend this year, which tells him that they are confident about the outlook. Flush with cash and they can ride the situation out.
PAST TOP PICK
(A Top Pick Oct 29/10. Down 6.1%.) Just acquired the 5th largest bank in Colombia. A third of its earnings are from outside of Canada now.
BUY
One of the great things it has going for it is a vision for global growth, primarily Latin America. Very well run and a very strong credit culture. One of the lowest cost structures of any Canadian bank.
COMMENT
Pays a pretty good dividend and he would be comfortable owning it over the long term. Prefers to buy when the market is going down 6% a day.
BUY
Not in many accounts. Prefers RY, TD and BMO. Under pressure because of trading volumes. Scotia is boosting its presence outside of Canada. You can buy it for the long term.
BUY
Canadian banks are different than US for seasonality. We are in the seasonal time for banks. Technically, the pattern is pretty good. We have just come off the support level. A positive sign. He would look for it to go back up until the end of the year.
BUY ON WEAKNESS
In last couple of months he wanted to lower bank exposure and this was the one he sold. It had the most international exposure. He will probably buy it back on a dip. His only problem is that they have the worst capital ratio. They may have to issue equity, but it is not a compelling need. He owns TD, CM, & RY.
BUY ON WEAKNESS
Canadian banks look very expensive at this time. If the price were $5 less he would like this one.
DON'T BUY
One of few that have not raise dividend. Exposure to Latin and South America. Got hurt by last 6 weeks. Only met numbers when TD beat them. Prefers RY to BNS and TD to RT.
WAIT
Banks: Owns NA only. Believes it is the best-capitalized bank. BNS would be the second if they owned a second one. Likes exposure in US and developing markets. It is a little pricey but low to mid $40s he would be interested.
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