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

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Bank of Nova Scotia (BNS.TO)

122.44

-0.13 (0.11%)

as of Jun 26, 2026, 8:00:00 pm Market Open.

2153 watching

Investor Insights

Jun 27, 2026, 12:00 am

This summary was created by AI, based on 30 opinions in the last 12 months.

Experts generally recognize Bank of Nova Scotia (BNS) as a long-term investment with an attractive dividend yield, currently around 4.5% to 4.6%. However, there are mixed reviews on its recent performance, with some noting it has lagged behind peers like Royal Bank (RY) and TD in terms of growth and valuation. Analysts mention that BNS has a solid capital base and is seen as undervalued at approximately 1.5x book value, yet concerns regarding its strategic decisions and international exposure, particularly in Latin America, persist. The new management is considered a positive change, although uncertainties surrounding acquisitions and future growth strategies contribute to a cautious outlook from some experts. Overall, while short-term volatility and market conditions remain a factor, BNS is still deemed a viable option for investors looking for dividend income and stability in the Canadian banking sector.

Consensus

Hold

Valuation

Undervalued

Similar

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.

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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.

TOP PICK

(A Top Pick Jan 23/06. Down 5%.) The banks in general have all sold off. Has a reasonable multiple and reasonable dividend. The stock may be hurt by unrest in South America. Wouldn't buy at this time.

WEAK BUY

Has dropped in the last month due to their exposure in Southern and Latin America. Prefers Toronto Dominion (TD-T) and the Royal (RY-T).

BUY

Likes this band. Has been moving sideways. With tightening margins and flattening yield curves, bank earnings are not being helped.

Showing 1,186 to 1,200 of 1,688 entries

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Bank of Nova Scotia (BNS.TO)