TSE:BNS

Bank of Nova Scotia (BNS.TO)

122.67
-0.06 (0.05%)
as of Jul 27, 2026, 8:00:00 pm Market Open.
2153 watching
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Investor Insights
star iconJul 27, 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) has elicited mixed reviews from experts. Some highlight its strong positioning for future growth due to investments in GenAI and a favorable regulatory environment that allows for increased lending capacity. However, others express concerns about BNS's performance relative to its Canadian peers, noting it as the weakest among them despite a decent dividend yield of around 4.5% and recent strategic moves to invest in the U.S. market through KEY. While some analysts see potential for long-term gains, particularly with the new CEO at the helm, others urge caution citing stagnant loan growth and rising provisions for credit losses (PCLs). The overall sentiment reflects a blend of optimism for its turnaround and skepticism about its ability to catch up to its competitors amidst ongoing economic challenges.

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Consensus
Mixed
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Valuation
Undervalued
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Similar
RY
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.
BUY
One of the leaders in banking in Canada. Gives you an international flavour too.
BUY
Hasn't moved very much year to date. Thinks banks are a fantastic place to be right now. Averaging 12 X next year's earnings. Great international operations. Has a ton of excess cash.
BUY
New CEO will probably continue the company's focus on low cost and no nonsense retail banking and ignoring the US to concentrate in Latin America and Caribean for much of its growth prospects.
BUY
Probably has the highest multiple of all the banks. Have lots of capital and if you x out their capital, it's not that exensive. Have a really great franchise in Latin America. Have lots of growth in it.
BUY
Conservatively run. Good management and has good international exposure. His first choice would be Toronto Dominion (TD-T) followed by CIBC (CM-T) with this being his 3rd pick.
COMMENT
Between Bank of Nova Scotia (BNS-T), Royal (RY-T) and Toronto-Dominion (TD-T), TD would be his 1st choice. It has a better valuation and its ROE is quite high. Royal would be his next pick because the ROE growth is spectacular.
TOP PICK
Dividend yield north of 3%. Hasn't really done much in the last 6/9 months. The most efficient of the Canadian banks. Best return on equity. Likes their South American assets.
BUY
A great bank. What has happened in the last 6 months is that it had outperformed the other banks previously and is now just resting. Well positioned internationally.
DON'T BUY
In the aggregate, banks have done very little this year. They are all trading at 55 year valuation highs. There's no fair market valuation support for them to go much higher.
WATCH
Still above its 200 day moving average. There is a chance that the stock will make another move on the upside. Because it is a financial, he would be very careful at about $38/39 because if it starts backing up, it means the professionals are starting to get rid of banks.
TOP PICK
Likes the financials and feel this bank has pretty much been flat lined this year. It has one of the better potential going forward. Just raised their dividend. A great long term stock.
HOLD
A good blue chip, steady stock with a reasonable dividend. Probably the best of the banks. Their international operations look sounder than other banks.
DON'T BUY
Was the best bank over the last couple of years and became over extended and now taking a rest, both on an absolute basis and relative basis compared to some of the other banks. If buying a bank, the National Bank (NA-T) would be his choice.
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