TSE:BNS

Bank of Nova Scotia (BNS.TO)

127.56
+0.27 (0.21%)
as of Sep 10, 2026, 2:04:02 pm Market Open.
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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
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.
HOLD
(Market Call Minute.) A great bank. Didn't get caught too hard. Will take a while for it to go up.
COMMENT
Metrics on banks has been changing and has been tough on them for the last little while. Very strong management that is very focused on results. It is the most cost effective bank. Better at working out their loans than some of the other banks.
HOLD
Canadian banking sector, until recently, has had the best-run sector globally. Expects more shoes to fall. He would be wary of this sector. If selling, wait until the new year. Good dividend.
HOLD
In the long run Canadian banks have proven to be the best investment for Canadians. In the short run don't be in a hurry to buy.
TOP PICK
Likes the consistency of earnings. Has positioned themselves as the bank that delivers and does it very close to expectations. Trades at close to 3X book value. Should earn $4 next year.
TOP PICK
Would like to see them buy Dundee Wealth. Have done a great job in the Caribbean and Central America. They seem to be as clean as a whistle on the sub prime issue.
BUY
Likes the Caribbean and international exposure. If you don't own it, you might want to take a third of your position now and then average down.
BUY
Thinks this is a value play. Lack of US exposure is a positive. The whole group is getting tarred with the same brush. He has been adding to his position. Cheap.
BUY
This one has performed the best out of the 5. Has exposure to the Latin American market and has done an amazing job there. Tremendously cheap and even though there is a lots of unknowns out there, this is a good time to get involved. Also, the interest curve is about to normalize which helps the banking sector.
TOP PICK
Buy both this and Royal Bank. Has no exposure to the U.S retail. Has the lowest cost ratio of any of the banks. 3.6% yield.
COMMENT
Likes their global exposure. This should benefit them. He got out of most of the Canadian bank exposure because of worries about asset-backed commercial paper. Might be getting to the point where you could get into the banks again.
TOP PICK
Well diversified internationally. Doesn’t see them having any great exposure to the CDO market, the US mortgage market. Feels they can hold their 22% ROE.
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