TSE:BNS

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
0
Investor Insights
star iconJun 27, 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 garnered mixed reviews from experts, showcasing its strengths and weaknesses. While many analysts appreciate its strong dividend yield, which stands at around 4.5% to 4.6%, and its focus on international diversification, particularly in Latin America, concerns remain regarding its recent strategic decisions and overall performance relative to peers. The consensus indicates that although BNS has potential, particularly with new management and an operational turnaround, it has lagged behind other Canadian banks in terms of pricing and growth. Analysts suggest monitoring the stock closely, with advice ranging from holding positions to being cautious about new investments due to uncertainties tied to its acquisition strategies and market position. Overall, BNS appears to be in a transitional phase, with some experts optimistic about future improvements in valuation and growth prospects.

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Consensus
Mixed
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Valuation
Undervalued
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Similar
RY
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.
BUY
He works for them so leaves them to other analysts. There is a trend for banks to boost dividends.
BUY
PE ratio is attractive. Has no exposure to sovereign debt or the US. Operates in Latin America, Caribbean and Canada. Perfect balance sheet. Strong dividend increases. (See Top Picks.)
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