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

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Daily Stock Opinions and Ratings

Bank of Nova Scotia (BNS.TO)

125.36

-1.34 (1.06%)

as of Aug 18, 2026, 8:00:00 pm Market Open.

2153 watching

Investor Insights

Aug 18, 2026, 12:00 am

This summary was created by AI, based on 28 opinions in the last 12 months.

The Bank of Nova Scotia (BNS) is a major player in the Canadian banking sector, yet its performance has drawn mixed reviews from experts. Many highlight its relatively low price-to-earnings ratio and strong dividend yield, with some suggesting it trades at a fair valuation compared to peers. However, concerns persist regarding its management changes and strategic focus, particularly its exposure to markets in the Caribbean and the U.S. Some analysts question whether BNS can catch up to its competitors like Royal Bank of Canada (RY), which is often favored for its stability and performance. On the upside, several analysts express optimism about the overall health of Canadian banks, with BNS expected to benefit from improving economic conditions and strong capital reserves, even as they acknowledge challenges in its loan growth and international operations.

Consensus

Mixed

Valuation

Fair Value

Similar

PAST TOP PICK

(A Top Pick Mar 6/06. Up 8.6%.) Recently sold his holdings and made a switch into Barclays Bank (BCS-N).

COMMENT

All the Canadian banks are very good and have had a fairly good run. Could pull back a little more. Prefers Bank of America (BAC-N), which is a lot cheaper and higher dividend and with greater opportunity. He holds no Canadian banks.

COMMENT

Best looking chart in the banks, but he is nervous about the Latin America exposure and of some of them may follow Venezuela's example.

BUY

This is a great buying opportunity. His model price is $59, a 16% positive differential.

BUY

One of her favourites. Great history of increasing its dividends 15% plus over the last 10 years. The only global bank that has a substantial presence in Latin America.

COMMENT

The longer the Federal Reserve is forced to leave the yield curve flat, in order to keep bond yields within an acceptable range, the greater the risk the mortgage lenders fail in the US. When that happens, the banks will pull back sharply. The fundamentals on the banks long term, are good enough that you could probably buy. Over the next 2 years there will probably be a shock, but over the next 3 years you will probably do well. This is his 2nd favourite bank.

TOP PICK

Has been lagging a little relative to some of the other banks. Expect earnings to go up to around $3.75 level and over $4 the following year. On a multiple basis, given their diversification (both business and geographically) it is a well-balanced play.

BUY

A very well run bank. Good dividend yield and good earnings growth. Good international diversification. Has had a bit of a run recently but would still buy for a long-term view.

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TOP PICK

Canada's most international bank. Fundamentals for banking are superb. Looking to improve their domestic franchise. Caribbean and South America are some of the hottest economies right now and he likes their position there.

TOP PICK

Pretty much towards its top at this time. Likes financial services and this one gives over a 3% yield. They have room to move dividends up for the next couple of years. Looking for earnings of $3.80 this year and over $4 in 2008. Good price.

PAST TOP PICK

(A Top Pick Jan 23/06. Up 12.7%.) Still his favourite in the big banks. Run a very tight ship.

BUY

Banks are a relatively good place to be. Earning extremely good return on equity. Capital investment market has been fairly strong. Not as interest sensitive as they used to be. Good dividend yields.

HOLD

The bank with the most international exposure. Not a great exposure to the corporate mining sector, so may have missed out on the deal making that went on there. Only expecting a modest return at this stage.

BUY

Big believer in the banks even though they are trading at high levels. Have been increasing their payout ratios and have strong earnings in this quarter. Also feel interest rates may be lower in the next year.

DON'T BUY

Has been lightening on his bank stocks as money has moved in from income trusts. US banks are rolling over, their net interest margins are coming under pressure, loan losses are starting to rise and loan growth is not where it used to be. These could migrate north. There are a lot of worry signs with banks.

Showing 1,141 to 1,155 of 1,691 entries

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Bank of Nova Scotia (BNS.TO)