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

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Bank of Nova Scotia (BNS.TO)

123.30

-2.07 (1.65%)

as of Aug 19, 2026, 2:43:54 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

TOP PICK

Of all the banks, it has the best exposure outside of Canada. Latin America is an underdeveloped market in terms of financial services. ROE of about 19%. Strong Tier 1 capital ratios.

COMMENT

Probably the one of the good banks that the analysts as a whole like the least because of their international exposure. Thinks the banks will trade very close to each other in terms of multiples and performances. Wouldn't be her favourite.

BUY ON WEAKNESS

Banks have reported very strong earnings and are no longer inexpensive. This and Royal Bank (RY-T) are his preferences. Likes their international operations, which are in growth markets.

PAST TOP PICK

(A Top Pick Sept 17/08. Up 10.07%.)

BUY ON WEAKNESS

Canadian banks have had a nice run so they are a little high currently for an entry point. $42 would be better. 4.25% yield.

DON'T BUY

Had been his favourite because of less exposure to the US than other banks. However, Mexico is going to be hit pretty hard and the Caribbean area will have fewer tourists.

SELL

Banks have gone up to a point where they are pretty rich and overvalued. If you own, consider selling some or all of your position in anticipation of another decline. If you want to hang on to your bank stocks you could Sell Call Options. He is not doing this because he does not think banks are good to own right now.

HOLD

Probably a fair market performer from here for a while. Had a nice bounce from the bottom. Won't cut dividends. Will have some difficulty with higher loan losses for the next 2 to 4 quarters but this is built-in to the price. If you own, consider a stoploss at about $4-$5 below the current price.

HOLD

Preferreds. 4.5% yield but with current stock price are yielding about 6%. Preferred shares are not classified as Tier One capital. Would wait before selling given that you are getting a little bit more than if you owned the common stock.

BUY

Would be his 3rd favourite Canadian bank stock but he thinks highly of it. Will have a very good chance of testing their 52-week high by the end of the year. Only cautionary issue is their international exposure but last quarter was a stellar performance.

HOLD

His 2 picks in Canadian banks would be Bank of Nova Scotia (BNS-T) and Royal Bank (RY-T). The issue he has with them is that the charts show them right up against the long-term trend. Things are not getting a lot better out there and he doesn't know how they are going to make a lot of money. Will probably be a sideways trade for some time. 4.8% yield.

COMMENT

All the banks have had a pretty good move. Likes it on a long-term basis. Good domestically but still has concerns about what is happening in Mexico. Their market area in Central America and Mexico looks a little soft. Neutral on this one.

SELL

(Market Call Minute.) Has just completed a period of seasonal strength and it is now time to take some good profits.

HOLD

6.25% preferreds issued in January have gone up about 10%. Good company and good yield.

BUY

He is underweight the banking sector but does own Scotia (BNS-T) and Royal (RY-T). This one is the international bank in Canada so should be less susceptible to the US downturn. Strong management. 5.15% yield.

Showing 961 to 975 of 1,691 entries

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Bank of Nova Scotia (BNS.TO)