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

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Daily Stock Opinions and Ratings

Bank of Nova Scotia (BNS.TO)

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

WAIT

Chart shows a very distinct head and shoulders pattern and normally means stock should go up to the level that the inverted head was. This would be an anomaly as he thinks there is a lot of overhead resistance. Might be a better opportunity down the road to pick up banks

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TOP PICK

Likes Cdn banks and their history of growing dividends. This one is well run and one of the lowest on a cost to income basis. Conservative with their credit quality. Good growth opportunities in non-North American areas. Want to expand in wealth management. Trading at about 12X earnings. Expected to raise dividends again in 2011.

COMMENT

He is light on the financial sector right now. He thinks the new rules on capital are going to require them to hold more capital and that will slow down their growth and reduce their earnings. Finds there are other things more attractive to buy.

BUY

Recently reported pretty good earnings. Low cost producer in the domestic retail banking. Have done a great job expanding their international operations where margins are much higher.

TOP PICK

He likes their interests outside of North America. Very conservatively managed. Good domestic business. 4% yield and wouldn't be surprised if this is one of the early banks to increase their dividends.

SELL

5.65% Bond due Dec 2056. This is one that has rallied tremendously and has probably gone as far as it can.

COMMENT

Earnings are coming out tomorrow and he would bet they are positive. Not particularly cheap right now. Always well managed. Expecting the moratorium on bank dividends will be lifted in the near future.

BUY

Very solid bank. As growth returns in the world economy, this bank has some important upsides being the dominant bank in the Caribbean.

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BUY

Banking sector as a whole is at an attractive entry point. Credit cycle is working its way through. Capital markets were very strong last year and there are headwinds. We could see them increasing dividends next year. BNS has the most Latin American exposure, which is the biggest growth area. This is not her top pick.

BUY

Buying Canadian banks for dividend yields, especially Bank of Nova Scotia? All of the Canadian banks at these levels, especially for their yields, are certainly better than having your money in a bank account with them. This one is in the middle with about 3.5% yield. Not his favourite but any of the banks are a strong holding. (See Top Picks.)

DON'T BUY

Financials will continue to under perform because they were over owned by investors and their earnings estimates had ramped up because they exceeded expectations.

TOP PICK

A bank with the right international program. Now going into Chile. Good solid business with excellent growth prospects. One of the more conservative banks.

COMMENT

Likes Canadian banks and feels the dividends are safe. May take a bit of time before they increase dividends again. The premium banks are Toronto Dominion (TD-T) and Royal (RY-T), which carry a premium multiple, so this will give you a bit better dividend. Doesn't see another leg up in the short-term but in the medium-longer term it is fine.

BUY

His largest Canadian bank holding. Likes their growth strategy – Caribbean, rather than US.

BUY

Likes Canadian banks at current level. Offer very good PE ratios and dividend yields. His favourites are Royal (RY-T) and Toronto Dominion (TD-T).

Showing 886 to 900 of 1,688 entries

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Bank of Nova Scotia (BNS.TO)