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

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Bank of Nova Scotia (BNS.TO)

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

BUY

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

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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.

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.

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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.

BUY

In general he likes international companies, especially if they have a decent foothold. This one has a very strong foothold in Mexico and the Caribbean region.

TOP PICK

Has a 93% chance of outperforming the market. The ROE level is 21.4%. Rate of growth in profitability is very strong.

TOP PICK

All the five major banks are great. This is international. Good yield. Good management.

Showing 1,141 to 1,155 of 1,688 entries

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Bank of Nova Scotia (BNS.TO)