TSE:BNS

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
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Investor Insights
star iconJun 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.

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Consensus
Mixed
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Valuation
Undervalued
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Similar
RY
BUY
Good dividend record of growing 10%-15% in the last 5 years or so but not as positive on the growth going forward. Great operators in Latin America and Mexico.
COMMENT
BNS Index funds. He is a big fan of being an index investor and this is a very good holding. (Joey works for BNS.)
BUY
Very well positioned longer-term and their move into Southeast Asia is a good one. Doesn't expect it to increase at the same pace that it has been. Loan losses do lag a recovery so wouldn't be surprised to see some hiccups in all the Canadian banks.
DON'T BUY
Continues to under perform compared to the rest banks. Has the largest premium on earnings. Hasn't demonstrated growth in their offshore assets. Thinks they will lag the other banks going forward.
COMMENT
Bank of Montreal (BMO-T) versus Bank of Nova Scotia (BNS-T)? He would rank Scotia above BMO because it has better growth prospects. Have operations in Canada, Central America and South America.
TOP PICK
Quarterly and annual results were very good. Not as dependent as other banks on trading revenues and capital markets activity, which makes them more sustainable. Expecting a dividend increase in 2010.
WAIT
(Market Call Minute) Would look for pullbacks to add to banks. Favorite name is TD
BUY
Owns TD and BMO. He still likes the banks. 2-4% predicted earnings increase in a year. The reason to buy banks would be further increases in dividends, but he doesn’t see that in the next year.
HOLD
Thinks all the Canadian banks are fairly valued. Just reported a decent quarter. All the banks are trading between 12 and 13 times this year's earnings, around 10 times next year's. Very solid shape.
BUY
Good international exposure. You can expect a 10% total return including dividends.
HOLD
One of the best managed banks. Had a good bounce back but this is not where the relative value is. There is better value elsewhere. If holding for a long time period, you will do well but consider switching to something like Royal (RY-T).
COMMENT
Bonds. All Canadian bank bonds have proved their credit worthiness during the financial crisis. Very solid company. A lot of issues and you have to pick out the details of them.
COMMENT
Think dividends are quite safe on Canadian banks and there is likelihood that some of them will have small increases. The 2 most likely is Toronto Dominion (TD-T) and National (NA-T).
BUY
Most international of the Canadian banks and if holding for 5 years you should be happy. Good conservative investment.
BUY
Probably his 3rd favourite bank. Has the advantage of being in emerging markets and likes the way they manage these businesses. Great core holding. 4.2% yield.
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