TSE:BNS

Bank of Nova Scotia (BNS.TO)

125.36
-1.34 (1.06%)
as of Aug 18, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 18, 2026, 12:00 am

This summary was created by AI, based on 28 opinions in the last 12 months.

The Bank of Nova Scotia (BNS) is a major player in the Canadian banking sector, yet its performance has drawn mixed reviews from experts. Many highlight its relatively low price-to-earnings ratio and strong dividend yield, with some suggesting it trades at a fair valuation compared to peers. However, concerns persist regarding its management changes and strategic focus, particularly its exposure to markets in the Caribbean and the U.S. Some analysts question whether BNS can catch up to its competitors like Royal Bank of Canada (RY), which is often favored for its stability and performance. On the upside, several analysts express optimism about the overall health of Canadian banks, with BNS expected to benefit from improving economic conditions and strong capital reserves, even as they acknowledge challenges in its loan growth and international operations.

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Consensus
Mixed
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Valuation
Fair Value
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Similar
RY
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.
TOP PICK
They have a nice base in Latin America which they are increasing. This seems to be paying off with an emerging middle class saw there are some good growth opportunities. They have a pretty good Canadian branch network. An 8/10% growth along with the dividend gives a very nice return.
TOP PICK
Runs a good domestic retail business, keeps out of trouble, generates good earnings and quietly continues to expand its international operations. 3.1% dividend yield.
TOP PICK
Has a little more risk than other banks, but also a little more potential. They are in Latin America, but not in the US which is far too competitive. Good solid management.
BUY
It is clearly one of Canada's best companies in any industry. Outstanding long-term track record. Likes their moves into Latin and Central Americas and they have done fabulously well with this. Trading around 14 X this year's earnings which is not terribly cheap. 3% dividend yield.
BUY
Bank announced that it is going to buy back 50 million of its shares. Banks don't really move on those announcements. This is the most expensive bank in terms of valuation. His model price is $51.40 which is a 12% positive differential. The differentials are going up which is positive for the stock.
TOP PICK
Likes the banks as a group. Thinks the banks are one of the cheapest sectors in the Toronto market. Has a good yield. Likes what they are going globally.
HOLD
Bank valuations are at a premium to US banks right now. Doesn't seem much changed over the next 12 months other than the dividend. Expect they will feel a bit of a pinch from rising interest rates. Probably not a bad place to be if the market softens.
BUY
Thinks it's the best Canadian bank. Would like to see it rise to $50.
BUY
Likes their international exposure in Mexico, the Caribbean and now in Peru. They are among the best run and lowest expense ratio. 3% dividend yield.
TOP PICK
Have done a good job in international diversification, particularly in Latin America. Has been very quiet, but steady. Have increased their dividends 19% over the last 5 years and 15% over the last 10 years. If you buy this stock and put it away, you will be looking at 6% to 8% return on your costs via the dividend which is the most tax advantaged way to make money in Canada.
HOLD
Has a model price of $49.86, a differential out of 7.8%. His favourite out of the banking group for the last two years is National Bank (NA-T).
TOP PICK
Retail branches and wealth management are a very good. Likes their South American exposure. Have excess capital. A lot of room on the balance sheet to increase the dividend.
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