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.
2153 watching
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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) presents a mixed outlook according to various experts. Some believe it is well-positioned to benefit from improvements in the regulatory environment, strong dividends, and strategic focus on North America and technological advancements, while others express concerns over its lagging performance compared to peers and ongoing challenges in international markets. Issues such as a weaker dividend growth compared to other major banks and a slow adaptation to market changes have been highlighted. Additionally, sentiments regarding the bank's prospects vary, with some analysts advocating for a hold strategy and others suggesting potential trimming of positions. Overall, BNS is considered a long-term hold by some, given its attractive yield and strategic initiatives under new management, despite a cautious short-term outlook.

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Consensus
Mixed
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Valuation
Undervalued
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Similar
RY
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.
DON'T BUY
(Market Call Minute.) Model price is $53.29. Only a 4% positive differential.
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