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

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Bank of Nova Scotia (BNS.TO)

125.36

-1.34 (1.06%)

as of Aug 18, 2026, 8:00:00 pm Market Open.

2153 watching

Investor Insights

Aug 18, 2026, 12:00 am

This summary was created by AI, based on 28 opinions in the last 12 months.

The Bank of Nova Scotia (BNS) is a major player in the Canadian banking sector, yet its performance has drawn mixed reviews from experts. Many highlight its relatively low price-to-earnings ratio and strong dividend yield, with some suggesting it trades at a fair valuation compared to peers. However, concerns persist regarding its management changes and strategic focus, particularly its exposure to markets in the Caribbean and the U.S. Some analysts question whether BNS can catch up to its competitors like Royal Bank of Canada (RY), which is often favored for its stability and performance. On the upside, several analysts express optimism about the overall health of Canadian banks, with BNS expected to benefit from improving economic conditions and strong capital reserves, even as they acknowledge challenges in its loan growth and international operations.

Consensus

Mixed

Valuation

Fair Value

Similar

TOP PICK

Covered call writing. Long at $32.75, Short Feb. $34 Calls for $1.46. Banks are paying 6%-6.5%. He writes Call Options roughly 1 month out at roughly 5%, which is about 25% annualized presuming you keep doing this and option premiums stay where they are.

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.

Showing 991 to 1,005 of 1,691 entries

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Bank of Nova Scotia (BNS.TO)