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
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)).
HOLD
Canadian banks made it through the financial crisis in much better shape than the rest of the world. Has been sitting on the sidelines. It is still a period of uncertainty. If there is a problem it will be in credit quality of assets. He has a 1.7% (half) holding in BMO.
TOP PICK
A third of its earnings come from emerging markets. Increasing its stake in Asian markets. About 3.5% yield. Best positioned bank to start increasing their dividends again.
BUY ON WEAKNESS
A core holding. There are better buys within the banks. It is one of the better-managed banks. They have a real credit discipline. Its price is ahead of the others.
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