TSE:BNS

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
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Investor Insights
star iconAug 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.

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Consensus
Mixed
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Valuation
Fair Value
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Similar
RY
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.
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.
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