TSE:BNS

Bank of Nova Scotia (BNS.TO)

122.44
-0.13 (0.11%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
2153 watching
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Investor Insights
star iconJun 27, 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 garnered mixed reviews from experts, showcasing its strengths and weaknesses. While many analysts appreciate its strong dividend yield, which stands at around 4.5% to 4.6%, and its focus on international diversification, particularly in Latin America, concerns remain regarding its recent strategic decisions and overall performance relative to peers. The consensus indicates that although BNS has potential, particularly with new management and an operational turnaround, it has lagged behind other Canadian banks in terms of pricing and growth. Analysts suggest monitoring the stock closely, with advice ranging from holding positions to being cautious about new investments due to uncertainties tied to its acquisition strategies and market position. Overall, BNS appears to be in a transitional phase, with some experts optimistic about future improvements in valuation and growth prospects.

consensus icon
Consensus
Mixed
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Valuation
Undervalued
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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.
DON'T BUY
(Market Call Minute.) Model price is $53.29. Only a 4% positive differential.
TOP PICK
Managed to escape much of the credit problems, and the ability of their management in risk management to steer clear of these issues. They are the most international of the banks. Are a bank that are the most efficient of the banks in their domestic network, 4% dividend, should significantly outperform the market in the 3-5 year horizon.
PAST TOP PICK
(A Top Pick Nov 19/07. Down 1%.) This was a defensive play. No exposure to US retail. 30% plus of its earnings come from Latin America and Asia. Still a Hold.
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