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TSE:BNS

Bank of Nova Scotia (BNS.TO)

122.45
-2.91 (2.32%)
as of Aug 19, 2026, 3:03:12 pm Market Open.
2153 watching
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Investor Insights
star iconAug 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.

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Consensus
Cautious
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Valuation
Fair Value
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Similar
TD
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.)
BUY ON WEAKNESS
He has his eye on this one. Would like it in the mid-$40s. Likes their exposure outside of North America.
BUY
He is underweight financials. Good results from BMO this morning. Canadian banks in general had a pretty big tailwind lending to Canadians. And will now be a headwind with debt levels being so high now. Definitely a good place for along term outlook.
TOP PICK
Likes the international flavor. Canada’s most internationally diversified bank. Best for credit discipline. Fewer surprises in terms of loan losses. Sells for a premium but worth it because of stability it supplies to a portfolio.
PAST TOP PICK
(A Top Pick July 22/10. Up 13.32%.)
BUY
One of their larger holdings within the banking sector. The impact of credit on BNS in 2008 was minimal. They are a very well managed and disciplined company. They will be a consistent performer.
PAST TOP PICK
(A Top Pick June 3/10. Up 15.8%.) Still likes. (See Top Picks.)
TOP PICK
Has most developed emerging markets. Takes advantage of current weakness in bank shares to acquire.
PAST TOP PICK
(A Top Pick June 4/10. Up 25.04%.) Still pulling a huge amount of their growth from outside of North America. Also in Mexico. Thinks they will continue to outperform.
TOP PICK
Likes its international exposure in Latin America, Caribbean and increasingly Asia. Gets a third of its earnings from outside Canada. Not in the US. Addressed its weakness in asset management with the Dundee acquisition. Also has emerging market exposure. Just raised its dividend again. 3.6% dividend
PAST TOP PICK
(A Top Pick June 2/10. Up 17.56%.)
BUY ON WEAKNESS
Would like to see it down to $56 but not a bad place to buy it now. He has 4 banks.
BUY
High quality name with good international exposure. Efficiently run. Always has the lowest operating ratio. Likes banks as a group and are in a good position to increase dividends.
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