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

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Bank of Nova Scotia (BNS.TO)

112.36

-0.75 (0.66%)

as of Jun 5, 2026, 8:00:00 pm Market Open.

2155 watching

Investor Insights

Jun 6, 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) is a major Canadian bank that has garnered mixed reviews from experts regarding its current positioning and future growth potential. While some experts express optimism about its relatively low valuation and strong dividend yield, others highlight concerns around its strategic moves, particularly regarding its investment in KEY and international operations. The bank has been recognized for its efforts to clean up its business model and improve operational efficiency, but it still lags behind peers in market performance. Many analysts suggest that long-term investors may find value in holding BNS due to its attractive yield and potential for future growth as management's strategies begin to take effect. Overall, the sentiment leans towards cautious optimism, but with several experts recommending careful monitoring of the stock's performance in the context of broader market trends.

Consensus

Hold

Valuation

Undervalued

Similar

TD, TD

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.

BUY

Likes their international exposure. There is no other bank globally that has the kind of exposure to rapidly expanding Latin America. Growth is going to happen in emerging economies first.

COMMENT

Trouble breaking through its resistance level of $36.86. Yield of 6.5%. Would start accumulating this at around the $32- $34 level. Exit the position at $30.

BUY

Becoming a little more favourable to this bank. Has pulled back on concerns of the Mexican market and their emerging market strategy. This has been overly discounted in the share price.

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Bank of Nova Scotia (BNS.TO)