TSE:BNS

Bank of Nova Scotia (BNS.TO)

124.53
+1.86 (1.52%)
as of Jul 28, 2026, 6:39:11 pm Market Open.
2153 watching
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Investor Insights
star iconJul 28, 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 according to various experts. Some believe it is well-positioned to benefit from improvements in the regulatory environment, strong dividends, and strategic focus on North America and technological advancements, while others express concerns over its lagging performance compared to peers and ongoing challenges in international markets. Issues such as a weaker dividend growth compared to other major banks and a slow adaptation to market changes have been highlighted. Additionally, sentiments regarding the bank's prospects vary, with some analysts advocating for a hold strategy and others suggesting potential trimming of positions. Overall, BNS is considered a long-term hold by some, given its attractive yield and strategic initiatives under new management, despite a cautious short-term outlook.

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Consensus
Mixed
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Valuation
Undervalued
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Similar
RY
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.
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.
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