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

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Bank of Nova Scotia (BNS.TO)

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112.36

-0.75 (0.66%)

as of Jun 5, 2026, 8:00:00 pm Market Open.

2155 watching

Investor Insights

Jun 6, 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 among experts. While many see it as a long-term hold with solid fundamentals, including a strong dividend yield of around 4.5%, there are concerns about its lagging performance compared to peers and uncertainty surrounding its recent strategic decisions, such as the investment in KEY. Some analysts express optimism about the new management's direction and potential for growth, particularly in U.S. and international markets, while highlighting improvements in capital ratios and clean-ups in operations. Despite a recent uptick in share price and general strength in Canadian banks, several experts recommend caution, suggesting trimming positions or holding off on new investments until clearer opportunities arise due to concerns over the housing market and the credit cycle. Overall, BNS is recognized for its international focus and potential for recovery but still faces questions about its strategic execution and market position.

Consensus

Hold

Valuation

Undervalued

Similar

TOP PICK

Likes that they have targeted Latin America as their growth platform. Big emerging working class. Has less exposure to US than any other Canadian bank. Dividend of close to 4%. PE multiple of close to 10.5 going forward.

DON'T BUY

Their core banking is a great business and he likes their exposure to the Caribbean and what they are doing in South America. If he had to pick a Canadian bank, he would probably look at this but is not sure if banks are where you want to go at this time.

BUY

Still likes this one. Down year-over-year, but has been the best performing bank in a weak bank environment. International diversification is very positive and doesn't have a lot of US exposure.

COMMENT

7% upside on his model price.

BUY

The banks are all attractively valued at this point. This one is the international bank. Growing a great franchise in Latin America and has done a very good job of building those banks. Excellent management team that is always focused on costs.

TOP PICK

One of the great things about them is that they have so little exposure to the US market. Has bought 2 more banks in the Latin American market. That area is a growing market, growing middle class and growing economies. PE multiple looks very attractive.

BUY

Canada's most international bank. Doesn't yield as much as some of the others, but you will get a great yield over the next year or two.

PAST TOP PICK

(A Top Pick March 14/07. Down 6% including dividends.) Got hit with all the other financials. Still likes. On a 3 to 5 year horizon it should generate decent returns.

DON'T BUY

This bank has no real US bank exposure. More of an international bank. Not so bad relative to other banks but it is still a little early to be buying the banks.

BUY

4.2% dividend and PE is at about 11. Dividend should be safe. About 30% of their earnings come from outside of Canada. Financial services are going to be under a lot of pressure because they are rolled into the same basket as US financials and concerns will rub off.

DON'T BUY

(Market Call Minute.)

TOP PICK

Has come off with all the other financials and it is a very conservative bank. Does not have any meaningful exposure to subprimes. International exposure is very attractive.

PAST TOP PICK

(A Top Pick Jan 29/07. Down 6.5%.) This is the bank with the least negative surprises possible. Very good earnings potential going forward and expect them to go from $4 to $4.30 and then above $4.50. ROE is pretty steady at around 21.5%.

DON'T BUY

Banks are great companies in Canada as there is an oligopoly so not too much competition. Great for the long-term but in the short term there is a massive liquidity crisis, which is extremely important. Investments are all about risk/reward. If the liquidity crisis worsens, the banks could go down 50%. Would rather be cash and wait.

BUY

Likes at this price. You get bank exposure without the US subprime. Focused internationally. Good entry point for the long-term.

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Bank of Nova Scotia (BNS.TO)