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

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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

Investor Insights

Jun 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.

Consensus

Mixed

Valuation

Undervalued

Similar

COMMENT

Far greater global exposure than the other banks. He prefers Toronto Dominion (TD-T) and Bank of Montreal (BMO-T).

WEAK BUY

Feels Canadian banks are fairly fully priced. Came out with as expected earnings and had a bit of a pop. You should have some exposure but should not have overweight.

BUY

Good international platform. They provisioned a lot for this exposure and it weighed down in the stock. Mexico has contributed good year or year increases in earnings.

COMMENT

Has done a lot of horizontal activity. Stop loss should be where it bounced off its most recent support level.

HOLD

13x forward earnings. BNS is on the higher end of the sector’s range.

DON'T BUY

Never owned it. Return on equity is better on TD and Royal. There is that out there situation with Latin America with BNS. You want to be in BNS when the market is low. Surprised if we see stellar returns from banks. They are being very aggressive in the US.

BUY ON WEAKNESS

Increased regulation is an issue that all banks face. BNS very well run. Broad international exposure. Have a stake in two mutual fund companies. Would like to see it pull back a little. It’s logical that they will eventually try to buy all of CI. Likes National Bank.

BUY

They are cautious and prudent with respect to their international business. He does not own National or commerce.

PAST TOP PICK

(A Top Pick Feb 3/09.) (BNN doesn't calculate % gains/losses anymore. Would make my job easier! Bill) Covered call writing. Long at $32.75, Short Feb. $34 Calls for $1.46. Would have gotten above and beyond the 8% yield that it has on an annualized basis.

BUY

Over the last year it is up 55%-60% because it's been the beneficiary of Canadian banks not cutting dividends or having to be bailed out. Also the Canadian economy is way better than US. One third of its earnings are from outside of North America. Good management. 4.3% dividend.

BUY ON WEAKNESS

Canadian banks, at least temporarily, are a little out of favour now. Primary concern in the short term is capital as the new Basil requirements may slow the ability to raise dividends.

TOP PICK

At the beginning of the financial crisis, they seem to avoid a lot of the pitfalls that other banks fell in to. Didn't have a large exposure to the US. Beginning to get some headwinds in their Caribbean operations but have done very well in building a base in South America. A long-term core holding. Dividend yield of 4.3%.

HOLD

1st or 2nd best managed bank in Canada. (Royal Bank (RY-T) would be the other.) However, this is a well-known fact so the valuation already reflects it. On the five-year view, the stock will deliver very well for you but there are cheaper banks out there. Dividend of about 4.4%.

BUY ON WEAKNESS

Canadian banks have done incredibly well through the crisis but are at the top end of their range in multiples now. Well capitalized. Lower leverage than anybody else.

BUY

Prefers Royal (RY-T) and TD (TD-T) because of their vibrant retail networks and hesitates on Latin America exposure. However, this is well run bank and well capitalized. Expects dividend increases out of all the banks in the 2nd or 3rd quarter.

Showing 916 to 930 of 1,688 entries

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Bank of Nova Scotia (BNS.TO)