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

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.

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.

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Bank of Nova Scotia (BNS.TO)