TSE:BNS

Bank of Nova Scotia (BNS.TO)

124.70
+2.03 (1.65%)
as of Jul 28, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 28, 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 received mixed reviews from various experts, reflecting a balance of optimism and concerns regarding its performance and strategy. While some analysts highlight its solid yields and potential for recovery, especially with the banking sector's overall health, others criticize its weaker growth compared to peers and challenges posed by its international exposure. The bank's recent strategic shift toward North America and its investment in KEY have sparked debate about its future direction. Overall, the dividend yield remains attractive at approximately 4.5%, making it appealing for income-focused investors. However, the consensus indicates that BNS may continue to lag behind its main competitors in terms of growth and valuation trends.

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Consensus
Mixed
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Valuation
Undervalued
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Similar
RY
COMMENT
Has written a $34 February call against this, which gave him $1.50.
BUY
His favorites in order are Toronto Dominion (TD-T), Bank of Nova Scotia (BNS-T) and Royal (RY-T). Great track record of managing on their international side. Long-term positive.
PAST TOP PICK
(A Top Pick Feb 28/08. Down 38.3%.) Still not buying domestic or financial services. Too early.
BUY
Canadian Banks: He is convinced that US and UK banks could have a lot more problems yet. There is also a risk that Canadian banks have not fessed up to everything and there could be more to come. Looking at current yields, even if the banks do nothing for 3 years in terms of price or earnings, you could happily buy and afford to wait.
BUY
Likes this because of its international holdings. This allows them to pick up growth that the North American banking system cannot have. 6.5% yield.
BUY
Favourite along with Toronto Dominion (TD-T). Dropped 30% in the last year. Dividend 5%-6%. Third of earnings comes from Latin America, Caribbean and Asia. Profit margins in those countries are a lot higher. (A lot better credit risk than in North America.) Conservatively managed.
COMMENT
Likes that they have been able to raise capital fairly quickly. Dividends are holding the banks at higher valuations.
BUY
Only 8 companies in Canada that have paid 100 consecutive years of dividends. 6 banks, Imperial Oil (IMO-T) and BCE (BCE-T). From this point, most of your return may come from the dividends but even if you got a little bounce, you could end up with 10%.
BUY
One of the more conservative banks. Has the best history of earnings increases. Just acquired a major position of CI Financial (CIX.UN-T) from Sun Life (SLF-T) with shares, so didn't have to do an equity raise. (See Top Picks.)
PAST TOP PICK
(A Top Pick Dec 10/07. Down 42%.) Of all the banks, it seems to have the most conservative accounting. Relatively strong capital base. Yield of over 6.5%.
COMMENT
Likes this mainly because of its international exposure. Expect the numbers for the banks over the next couple of years will be pretty flat. To be a player in the banks, you have to have a 2 or 3-year view.
PAST TOP PICK
(A Top Pick May 30/08. Down 36%.) Hadn't expected the meltdown to be as extensive, pervasively or as quickly as it was. Was overdone. Canadian banks are an excellent place to be. Buy.
PARTIAL BUY
Likes their international diversification. Dividend is safe. Intermediate to longer term with other international diversification is really appealing. If you don't own you could start buying here.
PAST TOP PICK
(A Top Pick Dec 7/07. Down 35%.) Not a Buy at this time unless you don’t have any banks in your portfolio. Good for a Hold of 1 year or longer.
BUY
Preferred Shares: He looks at preferred shares as a notch below bonds. One of the more attractive asset classes right now are corporate bonds. Yields are exceedingly attractive.
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