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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Similar
RY
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.
TOP PICK
An extremely well run bank. Likes their international diversification. It’s the most over capitalized bank, i.e. it has $5 to $6 billion in excess capital. With the dividend tax credit, this is a really attractive investment.
PAST TOP PICK
(A Top Pick Oct 11/05. Up 10%.) The best managed of the banks.
TOP PICK
Buying $20 billion of loans from GMAC (General Motors). Also buying Peru's Banco Wiese Sudameris for $390 million is in line with their Latin America views.
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