TSE:BNS

Bank of Nova Scotia (BNS.TO)

127.29
-0.71 (0.55%)
as of Sep 9, 2026, 8:00:01 pm Market Open.
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Investor Insights
star iconSep 9, 2026, 12:00 am

This summary was created by AI, based on 23 opinions in the last 12 months.

The reviews regarding the Bank of Nova Scotia (BNS) present a mixed view among experts. While some highlight its attractive valuation and the potential for earnings growth, particularly due to improvements in operations and the strategic shift towards North America, others express concerns about its weaker performance relative to peers like Royal Bank of Canada (RY). There are apprehensions regarding its exposure to Caribbean markets and uncertainty surrounding its international strategies. Despite its high dividend yield, some analysts suggest it may not be the best choice compared to other Canadian banks, mentioning that it struggles with loan growth and credit quality issues. Overall, experts acknowledge potential for the long-term but recommend cautious positioning.

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Consensus
Cautious
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Valuation
Fair Value
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Similar
RY
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.
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.
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