TSE:BNS

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
0
Investor Insights
star iconJun 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.

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Consensus
Hold
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Valuation
Undervalued
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RY
BUY
They are now the 2nd biggest bank in Peru. The most efficient bank in terms of cost/management ratio in Canada.
PAST TOP PICK
(A Top Pick Dec 22/05. No change.) Still likes it. Now would be a good time to buy.
BUY
One of the more stable banks. Has been under performing of late. The last quarter was a little weaker.
PAST TOP PICK
(A Top Pick Jan 16/06. Up 1.5%.) Banks are getting a little expensive.
HOLD
Basically moved sideways over the 1.5 years. Had outperformed all the others previously. Have a great franchise, especially in Latin America which they are growing. Done a poor job on the wealth management side, particularly mutual funds and they are trying to grow that.
BUY
Likes it off shore operations in the Caribbean and Latin America. Very well positioned. One of the best managed banks.
TOP PICK
Likes their Caribbean and Latin America assets. 3% yield. Lowest cost producer in Canada.
PAST TOP PICK
Bank of Nova Scotia is a past pick. It is up 3.6%. She still owns the stock and still likes the stock. It has had solid double digit growth.
BUY
Third choice out of CIBC, TD, Bank of Nova Scotia. It's a good long term core holding.
TOP PICK
Bank of Nova Scotia reported earnings were slightly above, but the retail part was slightly down so the stock went down. Of the big banks it is the cheapest and has the most cash. He likes the management, they are sharp. Best entry point. He is buying at these prices.
PAST TOP PICK
Up 6%. Doing well, but looking pricey now. Wait for earnings to come out before buying any more.
BUY
Best long term investment in Canada. You should have bank exposure in your portfolio. Banks tend to move as a group, and he looks on other banks more favourably but this is a good time to be in. If you don't have any bank exposure, he would buy at $47.70.
BUY
If you have a 2007 LEAP (long term option), you might want to sell it and get into 2008 option. Financials are going to be one of the better places to be for the next couple of years.
TOP PICK
One of the advantages that the banks have, particularly this one, is a relatively high dividend. They have a record of increasing their dividends. When the new budget comes down in the spring there will be an improvement in the dividend tax credit. Also, with their international exposure, this is a good long-term hold.
HOLD
Over the last little while, it continues to be good in terms of share buyback and in terms of the dividend yield.
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