TSE:BNS

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
0
Investor Insights
star iconSep 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.

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Consensus
Mixed
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Valuation
Undervalued
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TD
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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