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

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Bank of Nova Scotia (BNS.TO)

127.56

+0.27 (0.21%)

as of Sep 10, 2026, 2:04:02 pm Market Open.

2151 watching

Investor Insights

Sep 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.

Consensus

Mixed

Valuation

Undervalued

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)