Bank of Nova Scotia (BNS.TO) Buy, Sell or Hold

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Bank of Nova Scotia (BNS.TO)

125.36

-1.34 (1.06%)

as of Aug 18, 2026, 8:00:00 pm Market Open.

2153 watching

Investor Insights

Aug 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.

Consensus

Mixed

Valuation

Fair Value

Similar

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.

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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.

BUY

Stock got a little ahead of itself and has pulled back a bit. The long term story is intact. Reasonable value at this price.

WAIT

His favourite among the Canadian banks and thinks their earnings are going to be good. Have the best branch operations in Canada. Also likes their Latin American operations. Expects their dividends to rise moderately. That being said, they are at an all time high, so it doesn't look cheap. Would wait for their earnings to come out.

BUY

This is a keeper. If we had a recession in 2006, that would be the major risk for the banks. (He doesn't forcast that but a slower type of economy.)

BUY

Positive on bank stocks because they are very solid companies in Canada. The National (NA-T) is his first choice, but likes this one with its international play..

BUY

In the short term, with moves in interest rates, it will probably be a lackluster performer, but at the same time you are collecting a good dividend.

BUY

If you're into market timing, you could sit on your cash here and look for $40/41. A good choice in banks. Has managed to avoid all the pitfalls that other banks have fallen into. Has foreign exposure. Good solid management.

TOP PICK

Earning a return on equity of about 20%. Dividend has been consistantly increased. Very well positioned internationally. Relatively safe place to be. 3% dividend.

PAST TOP PICK

(A Top Pick June 23/05. Up 5.5%.) Thinks it will do some catch up to the other banks. The best managed bank with terrific efficiency.

HOLD

The sector does very well from the end of September to the end of December. This one has hit an all time high. Looks great on the charts.

DON'T BUY

Canadian banks are puzzling him a little. They've hung in very well while some of the US banks have made 52 week lows in the last couple of weeks. The Cdn banks' strength indicates a little bit of a risk. If his forcasts of the markets turning down next year are right, expect the banks to suffer a bit of a pullback. Expect Scotia to hit some resistance very shortly.

BUY

A very solid bank. Has underperformed a lot of the other banks in the last little while. Has a lot of excess capital and if you take this out, it is probably one of the cheaper ones around. Would like to see them use this as a share buy back or pay it out to shareholders. Good franchise in Latin America.

BUY

Lagging other banks, because people perceive it to be expensive from a multiple perspective. Have lots of excess capital and if you take this off the stock price, it is actually one of the cheaper banks in the country. Great franchice in Latin America and in Canada.

Showing 1,231 to 1,245 of 1,691 entries

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Bank of Nova Scotia (BNS.TO)