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)

127.29

-0.71 (0.55%)

as of Sep 9, 2026, 8:00:01 pm Market Open.

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Investor Insights

Sep 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.

Consensus

Cautious

Valuation

Fair Value

Similar

PAST TOP PICK

(A Top Pick Mar 6/06. Down 5.5%.) The bank group as a whole is off. Fairly attractive at this price. Safe place to be and a good long-term holding.

BUY

Probably more leveraged to the commodity side and international banking than any other Canadian stocks. Quality is good. Have had good returns.

BUY

Has the best profit growth in financials. It looks like it may be in the process of rebounding from pressure from bond yields.

BUY

Likes the banking sector. His favourite is Toronto Dominion (TD-T) with Bank of Nova Scotia (BNS-T) and Royal (RY-T) following in that order.

DON'T BUY

The model price is $51.33, a 14.5% positive differential. Made a lot of money off banks, but feel that they will have a tough time in the next 6 months to a year. Has sold all his bank positions.

BUY

The estimated price/earnings ratio of the TSX (X-T) is around 15.3. After-tax yield of a 5 Year Canada bond is 3.08. Looking for stocks that have yields in excess of that, the banks come up screaming buys. This is one of the few banks that look good technically.

PAST TOP PICK

(A Top Pick Mar 26/06. Down 5.5%.) Has dropped with the market but still likes it and would continue to hold.

BUY

Banks are giving good yields. They are off 10% from their peaks. At 12 X earnings it is a good valuation. They are now trading on par with US banks.

BUY

Have done a very nice job in terms of growing the assets. Has an international flavour.

HOLD

Stock got very expensive and sold off more than other banks. Has rallied based on the most recent numbers. Probably the best run Canadian bank. He prefers others. Worries about the political instability of their Latin American assets.

BUY

Undervalued relative to its peers. It did much better than all the banks a year and a half ago and has now pulled back and is readjusting itself. From a global basis, Canadian banks are not cheap. He prefers the Toronto Dominion (TD-T) and the Royal (RY-T).

TOP PICK

Likes the Latin American exposure. The emerging middle class in those countries is an excellent banking market. Have more excess capital than any of the banks so expects they will increase their dividend payout ratio.

PAST TOP PICK

(A Top Pick Mar 6/05. Up 9.5%.) All banks had a pullback, interest rate related. It is now a better long-term entry point.

TOP PICK

To a great extent, it has lost its premium valuation to the other banks. Core earnings still remain pretty strong. We'll see it report again with a return on equity in excess of 20/21%. Well diversified internationally. Almost 3.5% dividend.

BUY

Bank stocks have come down pretty substantially with the anticipation of higher interest rates. Feels we are close to the end of the heightening cycle. Well-positioned for anyone with a medium to long investment horizon.

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Bank of Nova Scotia (BNS.TO)