TSE:BNS

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
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Investor Insights
star iconJun 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.

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Consensus
Hold
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Valuation
Undervalued
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Similar
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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