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

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Bank of Nova Scotia (BNS.TO)

122.45

-2.91 (2.32%)

as of Aug 19, 2026, 3:03:12 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

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.

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.

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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.

Showing 931 to 945 of 1,691 entries

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Bank of Nova Scotia (BNS.TO)