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

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Bank of Nova Scotia (BNS.TO)

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122.44

-0.13 (0.11%)

as of Jun 26, 2026, 8:00:00 pm Market Open.

2153 watching

Investor Insights

Jun 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.

Consensus

Hold

Valuation

Undervalued

Similar

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.

BUY

Has lots of opportunities to make acquisitions, increase dividends, etc. simply because they have excess capital.

BUY

Should have good growth.

PAST TOP PICK

(A Top Pick June 23/05. Up 1%.) Bank has done great, but the stock hasn't done anything for a year. A little undervalued at the moment.

Showing 1,231 to 1,245 of 1,688 entries

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Bank of Nova Scotia (BNS.TO)