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
TOP PICK
Best history of Canadian Banks’ earnings growth. Feels confident in Canadian banks.
BUY
Canadian banking system is safest in the world. Favorites are TD and Scotia.
TOP PICK
4.3% dividend. This is the Canadian bank that is not exposed to the US to any great degree. Very conservatively managed. Has the emerging market growth story. Biggest bank in Mexico.
COMMENT
(Market Call Minute.) Could be a Sell or a Hold. Won't give you the upside pop that he would be looking for.
DON'T BUY
(Market Call Minute.) If he had to buy a Canadian bank it would probably be this one because of their Caribbean exposure.
BUY
They were not in ABCP, which means for them it is business as usual. Likes it. Ongoing international investments. Will probably be an out performer in the long run (10-15 years).
TOP PICK
More stable of the banks. Steady history of increasing dividends. Their Mexican subsidiary is actually earning more this quarter than it did the same quarter last year.
DON'T BUY
No mis-pricing in any of the 6 Canadian banks. In this case it has a model price of $50.07, -1%. Ranking of the others gives National (NA-T) + 27%, CIBC (CM-T) +24%, Bank of Montreal +21%, Royal (RY-T) +10% and Toronto Dominion (TD-T) +1%.
PARTIAL BUY
Starting to buy this because of their great success in Latin America and the Caribbean. Have very little US exposure. He started with a 2.5% weight in the portfolio and once it starts to work, he will add to it.
TOP PICK
Probably the worst is over for the Canadian banks. Can’t blindside you as they have no US exposure. Buy on any pullback into the mid-$40’s.
TOP PICK
Think they are focusing on the wealth management side where they have been weak in Canada. Would look for them to take advantage of the debacle in the US.
DON'T BUY
This is the one Canadian bank that he has on his short list. When there is less predictability in earnings and weakening default rates, earnings multiples will contract. This is what is happening now. Wait for a catalyst for this sector to improve.
PAST TOP PICK
(A Top Pick Aug 8/07. Down 4%.) Has no US exposure. One of the better banks in terms of holding up. Still a Buy.
TOP PICK
4.15% dividend. Doesn't have much in the way of assets in the US. ROE of 18% or 19%. Trading at around 10X next year's earnings.
BUY
More internationally diversified and more retail focused which is less volatile.
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