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

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Bank of Nova Scotia (BNS.TO)

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112.36

-0.75 (0.66%)

as of Jun 5, 2026, 8:00:00 pm Market Open.

2155 watching

Investor Insights

Jun 6, 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) is a major Canadian bank that has garnered mixed reviews from experts regarding its current positioning and future growth potential. While some experts express optimism about its relatively low valuation and strong dividend yield, others highlight concerns around its strategic moves, particularly regarding its investment in KEY and international operations. The bank has been recognized for its efforts to clean up its business model and improve operational efficiency, but it still lags behind peers in market performance. Many analysts suggest that long-term investors may find value in holding BNS due to its attractive yield and potential for future growth as management's strategies begin to take effect. Overall, the sentiment leans towards cautious optimism, but with several experts recommending careful monitoring of the stock's performance in the context of broader market trends.

Consensus

Hold

Valuation

Undervalued

Similar

TD, TD

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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Bank of Nova Scotia (BNS.TO)