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)

123.30

-2.07 (1.65%)

as of Aug 19, 2026, 2:43:54 pm Market Open.

2153 watching

Investor Insights

Aug 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.

Consensus

Cautious

Valuation

Fair Value

Similar

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).

TOP PICK

Liked it for quite a while. It seems like somewhat of a plodder, but they have the Caribbean exposure. They are not doing that well in the offshore but they will because this is where the growth is.

TOP PICK

Blew the doors off with their earnings this quarter. This is the name that really knows how to control their expenses. No exposure to the US. If the bank tax comes in it can’t be a large one because most of the banks in the world can’t afford a big tax.

TOP PICK

Beat earnings. Good retail. Wholesale held up better than some of the other banks. It is one of the better managed of the banks. They have a very strong credit discipline. Biggest risk is the economy – international exposure.

WEAK BUY

Good bank. Number 2 or 3 in their portfolio. Earnings not great but they weren’t the only one with a problem with their owners. Not market leaders with products – followers. Big international operations – higher margins.

COMMENT

Good solid core holding. Great bank, particularly in the Latin American sphere.

PARTIAL SELL

Everybody should hold a Canadian bank in their portfolio but they are getting to the higher level of their valuations now. If you own any Canadian banks, you could take some money off the table.

BUY

(Market Call Minute.) Bank of Nova Scotia (BNS-T) or Bank of Montreal (BMO-T)? His preference is Bank of Nova Scotia. Likes their global involvement. However, you can't go wrong with either company.

HOLD

All the banks have had a nice run and the return is probably 5% from here plus dividend gives you 7% or 8%.

COMMENT

His preference is Bank of Montreal (BMO-T) and Toronto Dominion (TD-T) however this one has a significant presence abroad, which he likes. If looking for a bank today as a trade, he would look at Commerce (CM-T). This one is fully priced now.

BUY

There are a number of compelling factors to own banks right now. Good dividend yields and you have a better option of getting better earnings/growth over the next few years.

DON'T BUY

Canadian Banking sector does not excite him in the least right now. American Banking does. If there is a double dip recession, Canadian banks might drop off. Suggests VIST-O.

WATCH

Preferreds? Just did a new issue today and are very popular so this might affect existing shares and could take a week or a month for the existing ones to catch up. Would hold for a while.

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Bank of Nova Scotia (BNS.TO)