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

Canadian banks have been good performers. His 2 favourite banks stocks are Toronto Dominion (TD-T) and Bank of Nova Scotia (BNS-T). Has the highest percentage of its earnings and revenues in international operations. Also big in bullion trading.

BUY

Top 3 choices in banks for the long term would be Toronto Dominion (TD-T), Bank of Nova Scotia (BNS-T) and Royal Bank (RY-T). Where this could be wrong is if the Bank of Montreal (BMO-T) gets taken over at some point and it would be thw big winner. Canadian Imperial Bank of Commerce (CM-T) is not particularily cheap right now.

TOP PICK

Best performing bank according to a recent survey. The most international of the Canadian banks. It's international assets are growing very strongly. Has the lowest cost ratio of any Canadian bank. 3.2% yield.

PAST TOP PICK

(A Top Pick Jan 31/05. Up 2%.) Her favourite bank. Likes the international diversification and the progress it's made on the retail side. Canadian banks continue to offer good value on a medium time frame. If we were to see a rapid ratcheting up of interest rates, they would be vulnerable, but this is not expected. Banks offer reasonable value here.

BUY

Banks are the cheapest in the financial area based on 12.2 to 12.8 X price earnings.

BUY

Likes Bank of Nova Scotia (BNS-T), National Bank (NA-T) and Royal (RY-T) better than CIBC (CM-T) which has chronically one of the worse performing of the Canadian banks. They are more profitable, better organized and more efficient.

DON'T BUY

What happens in the US ultimately works its way into the Canadian market. US banks are having a very difficult time and are down about 7% year to date. Canadian banks have had good yield support, but they really are not making a lot of headway. They are basically trading sideways.

DON'T BUY

Bank stocks are starting to top which is not surprising. The bull market started in 2002 and we are 2 1/2 years into the bull market. That's usually the time bank stocks start to move down.

DON'T BUY

Doesn't like the banks. They have just come off 52 week highs. Historically they always give you a chance to buy at some point and he is going to wait with his hands open at prices he is willing to pay. Wait until they get ugly.

DON'T BUY

Not looking for a lot of great returns on banks over the next year or so. They may underperform the market in general. Earnings growth has slowed. Between this and Toronto Dominion (TD-T), TD would be his first choice. Bank of Nova Scotia has had a great run over the last couple of years. More fully valued here.

BUY

Using P/E ratios, banks are among the cheapest in the financials. Bank of Montreal (BMO-T) and Bank of Nova Scotia (BNS-T) are the cheapest followed by Toronto Dominion (TD-T) then by Royal (RY-T) and CIBC (CM-T). His favourite is Toronto Dominion. Michael Sprung, of his firm, likes Bank of Nova Scotia and CIBC.

TRADE

Not as clearly a leader now as it was in 2003/2004. Prefers Toronto Dominion (TD-T) which has made a lot of good strategic moves with their amalgamation of Canada Trust and acquisition of Bank North in the US. Also likes Royal Bank (RY-T) which looks like it has finally turned around and was under owned.

HOLD

Dropped because of a correction through profit taking which all the banks have had.

BUY

Probably won't hurt you. Doesn't think it will have a huge upside, but you get the dividend and would expect the stock price to appreciate a little bit over 2/3 years.

BUY

Canadian banks are in very good shape form a loan book perspective, etc. This bank has done very well over the last several years. Have invested in Latin America and the Caribbean. A great organization. A great asset management business. Not too expensive and it should slowly go up and give you 10/15% over the next several years.

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Bank of Nova Scotia (BNS.TO)