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

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Bank of Nova Scotia (BNS.TO)

124.70

+2.03 (1.65%)

as of Jul 28, 2026, 8:00:00 pm Market Open.

2153 watching

Investor Insights

Jul 28, 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 received mixed reviews from various experts, reflecting a balance of optimism and concerns regarding its performance and strategy. While some analysts highlight its solid yields and potential for recovery, especially with the banking sector's overall health, others criticize its weaker growth compared to peers and challenges posed by its international exposure. The bank's recent strategic shift toward North America and its investment in KEY have sparked debate about its future direction. Overall, the dividend yield remains attractive at approximately 4.5%, making it appealing for income-focused investors. However, the consensus indicates that BNS may continue to lag behind its main competitors in terms of growth and valuation trends.

Consensus

Mixed

Valuation

Undervalued

Similar

PAST TOP PICK

(A Top Pick March 10/09. Up 74.9% excluding dividends.) Still likes but is now fairly valued. Still a Hold.

BUY

His favourite bank. Well managed, 19% return on equity. Likes what they are doing internationally. Dividend should rise at the end of 2010.

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%.

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Bank of Nova Scotia (BNS.TO)