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

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Bank of Nova Scotia (BNS.TO)

112.36

-0.75 (0.66%)

as of Jun 5, 2026, 8:00:00 pm Market Open.

2156 watching

Investor Insights

Jun 5, 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 received mixed reviews from experts, highlighting its strong dividend yield and international focus, particularly in Latin America. While many analysts appreciate its valuation being relatively low compared to peers, there are concerns about strategic direction due to its recent investments. The bank is viewed positively for its turnaround potential under new management, yet some analysts caution about potential credit issues and the broader economic landscape affecting its performance. Overall, experts express a sense of cautious optimism, suggesting it is a solid long-term hold but emphasizing the importance of timing for new purchases.

Consensus

Hold

Valuation

Undervalued

Similar

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.

BUY

A great bank. Have done a fantastic job, especially with their franchise in Latin America. Trades at a higher multiple than the other banks, but if you take out their capital it's actually cheaper. Will probably use their capital to buy back their shares or increase the dividends.

HOLD

Q: Bought both Bank of Nova Scotia (BNS-T) and Royal Bank (RY-T). Nova Scotia has not moved, but Royal has done well. A: Owning both is a good move. Nova Scotia has expertise outside the country with a great cost structure while Royal has a North American strategy and a great brand name. With both together, you'll get a better return for the risk.

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Bank of Nova Scotia (BNS.TO)