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
Likes it a lot. Has a model price of $48.13, a 17% differential.
DON'T BUY
If there is a recession, this will hit the bank stocks. Always worried about the derivitives. Historically, Canadian bank stocks, over the last 5 years, performed better than any other bank stocks in the world. Expects the air to be let out of the balloon with a lot of dangers.
BUY
2 favourite banks are Bank of Nova Scotia and TD (TD-T). This is a good buying opportunity here. Likes its international diversification. Has been quietly and consitently investing abroad and very successfully. Could probably see 8/10% return.
BUY
Banking sector would be his favourite for the long term. The historical 10 year return for the banking sector was 13%. Would love the entry point to be a little lower, but not a long term place to be.
BUY
Likes all the Canadian banks. They have reserves greater than all the loans they have potentially identified as being bad. Solid balance sheets. They all trade around 12 X earnings. Dividend yields from about 2.5% to 3.5%. Getting paid more than you would on a GIC.
BUY
Likes the financial services. Doesn't seem to be involved in any of the Enron problems. The most international of the Canadian banks. Will be one of the banks that participates in any bank mergers. Well run.
DON'T BUY
Banks have been in an uptrend now for almost 30 months, they are running out of time.
BUY
Over the last couple of years, his model price has constantly moved up with all the banks. Pretty well likes all the banks except for the Commerce (CM-T). There's a buying opportunity.
BUY
Should not have Enron problems like the CIBC (CM-T) did. They have been focused on the consumer end of the business for a long time. A very profitable area of the market. One of the best banks.
BUY
Really well managed company. Recent management transition went very well. No large US expansion on the horizon for now. Seems to be going more internationally. Good long term growth strategy that he likes.
BUY
Financials have rallied because interest rates have stayed stable. The question is will bank stocks get cheaper when interst rates rise. Doesn't thinks so because they are still trading at reasonable valuations of 12/13 X earnings. You are still earning 3/4%.
BUY
Her 2 favourite banks are the TD (TD-T) and this one. If there is a bank merger, it is likely to be an acquisitor. Likes is international exposure.
BUY
One of the best of the Canadian banks. Long term outlook is tremendous. International operations. Good leadership.
HOLD
A great low cost operator. Have some great assets in S. America with some growth. Valuation is reasonable.
BUY
One of her 2 favourite banks. Has lagged the other banks in the last 6 months. Will continue to generate good returns. Working hard on its retail division.
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