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

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Bank of Nova Scotia (BNS.TO)

127.80

+0.51 (0.40%)

as of Sep 10, 2026, 5:26:15 pm Market Open.

2151 watching

Investor Insights

Sep 10, 2026, 12:00 am

This summary was created by AI, based on 23 opinions in the last 12 months.

The Bank of Nova Scotia (BNS) has received mixed reviews from experts, with some highlighting its relatively cheap valuation compared to peers like Royal Bank of Canada (RY). Concerns include a troubled management transition and reduced growth prospects, particularly in the Caribbean market. Despite noting a strong capital base and a decent dividend yield, opinions diverge on its ability to catch up with competitors. Analysts appreciate BNS's international presence and potential for future earnings growth, although the stock has lagged behind other Canadian banks in performance. Overall, while some analysts remain bullish due to its valuation and dividend yield, others suggest caution amid a competitive banking environment and existing credit quality issues.

Consensus

Mixed

Valuation

Undervalued

Similar

DON'T BUY

Generally likes the banking group. Dividend increase is expected later this year. Their international operations are a good platform for growth and they are making good inroads and making market share. A little expensive relative to the rest of the banks.

BUY

Banks are still fairly valued at these levels. Had a great quarter. This was one of 2 that increased their dividend. AT 10-11X earnings they are fair value. Good dividend.

BUY

Still his favourite bank. They avoided the siren song of the US and buy US assets and pay too much for them. Where they did expand they did very well – Caribbean, South America and South East Asia. Raised its dividend a quarter earlier than he expected. Still room for this bank to improve.

TOP PICK

This is reminiscent of around Christmas time when he picked RY as the laggard, and it made up ground. Descent numbers with a lower tax rate. Descent dividend, but the stock is down $2.

BUY

Reporting March 8. Market area they are working in have all been doing quite well. Also expecting a dividend increase. Likes their spread of business. Conservative.

COMMENT

2012 Calls with options against them. Would strangles (Call Option and Put Option on the same stock) be better because of low volatility? If you don’t think you should write Calls, he doesn’t think you should write both of them.

HOLD

Relative to its own history is very expensive but has some room to go before it gets to its long term (60 year) peak.

WATCH

(Likes all the banks.) Short term BNS appears to be weighing 2 options. Making a major acquisition in an emerging market, possibly Brazil, which might require an equity financing and/or disposing of their CI Group holdings. 2nd option is with their Dundee holdings and keeping CI they become the largest money manager in the country.

PAST TOP PICK

(A Top Pick Jan 27/10. Up 27.5%.) A very well managed bank. Well positioned.

BUY

A core Canadian name, international bank, good management, excellent dividend yield. But they put some focus to global investment management. Deal recently with Dundee – time will tell on that. Good diversified growth.

PAST TOP PICK

(A Top Pick Dec 15/09. Up 21%.) The international aspect is very appealing to him.

TOP PICK

One of 4 banks he owns. When they reported their earnings, they talked about domestic retail and competition and how they all want to reduce cost. BNS is the low cost leader. They are smarter at running branches. Really came on the last couple of years growing that business. International side has little competition. Have been picking away at the international business and it is higher margin business. Loan book in Mexico is improving. Growth in Peru, Chile and Asia. The international business is high on his priorities that make stock attractive.

BUY

This bank’s big advantage is that it has significant assets in Central America and is expanding into South America. These are very fast growing markets.

BUY

A little more expensive but has set itself apart with its international growth strategy.

BUY

Trading at a very high volume and broke through its 50 day moving average. Banks are likely to increase their dividends over the next year. All Cdn banks are good long-term holds. (His favourite is Toronto Dominion (TD-T)).

Showing 871 to 885 of 1,691 entries

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Bank of Nova Scotia (BNS.TO)