TSE:BNS

Bank of Nova Scotia (BNS.TO)

127.80
+0.51 (0.40%)
as of Sep 10, 2026, 5:26:15 pm Market Open.
2151 watching
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Investor Insights
star iconSep 10, 2026, 12:00 am

This summary was created by AI, based on 23 opinions in the last 12 months.

The Bank of Nova Scotia (BNS) has received mixed reviews from experts, with some highlighting its relatively cheap valuation compared to peers like Royal Bank of Canada (RY). Concerns include a troubled management transition and reduced growth prospects, particularly in the Caribbean market. Despite noting a strong capital base and a decent dividend yield, opinions diverge on its ability to catch up with competitors. Analysts appreciate BNS's international presence and potential for future earnings growth, although the stock has lagged behind other Canadian banks in performance. Overall, while some analysts remain bullish due to its valuation and dividend yield, others suggest caution amid a competitive banking environment and existing credit quality issues.

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Consensus
Mixed
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Valuation
Undervalued
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Similar
TD
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.
PAST TOP PICK
(Top Pick Apr 15/08, Down 18.14%) Still like it. Over next couple of years we will see much better pricing. Historically they have always had one of the strongest credit disciplines. On the down side, they have a lot of exposure to the Caribbean, which will be impacted by a downturn in tourism. They have less exposure to the US compared to other Canadian Banks.
DON'T BUY
International exposure that they have will pay off long term but it has impacted their loan losses. Would prefer banks.
BUY
Market Call Minute. Favorite Canadian bank. If you can lock in the dividend yield, you’ll be happy forever.
TOP PICK
Thinks it is being punished a little more than it should be for its Latin American and South American operations. A conservative bank that has never really got itself into trouble. 6.1% yield.
COMMENT
You should understand that in this economic and financial turmoil, it becomes increasingly difficult for analysts to get projections right. However looking out 3 years, he feels dividends are safe.
TOP PICK
Long the stock and Short the March $34 Call Option. Likes predictability of Canadian banks. Doesn't think there's a lot of upside in the banks. Factoring in the Call premium plus 6% dividend yield it gives you a nice healthy cash flow stream.
PAST TOP PICK
(A Top Pick March 18/08. Down 30.9%.) Starting to come up with all the banks.
TOP PICK
One of the more conservatively run banks. On a relative basis, they don't have a lot of exposure in the US. Came out a little bit ahead on their last quarter. 6.5% yield.
PAST TOP PICK
(A Top Pick Feb 26/08. Down 47.2%.) Well-managed company and he will ride it out.
TOP PICK
Lowest exposure to US retail. Has exposure to emerging markets in Latin America and Thailand. 6.5% dividend. Increasing their wealth management exposure through their CI Funds, which they recently acquired.
PAST TOP PICK
(A Top Pick Feb 4/08. Down 32%.)
COMMENT
Two-year outlook is probably good for any of the Canadian banks. The challenge and risk with this bank is their Latin American exposure. (See Top Picks.)
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