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.
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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
His favourite bank. A little pricey around $40, but a very solidly run bank.
BUY
Life insurance companies outperformed the banks last year and expects it is about time for the banks to start catching up. Likes their international exposure.
BUY
Market is generally negative on the banks because they see the yield curve flattening in the US. In fact, the yield curve has steepend in Canada which is very positive for the banks. Feels you can do better in some of the larger banks, especially Bank of Nova Scotia and Royal Bank.
BUY
Seems to be the best of the large banks. Very solid. Very solid and attractive international operation. Prefers Canadian Western Bank.
BUY
Expects bank stocks will do quite well over a 5 year horizon. They do well in retail, wealth management and sometimes in international growth. Have a lot of cash on their balance sheets and can buy back stocks, pay extra dividends or do acquisitions. In the next 12 months the return will be lower than previous.
BUY
Q: Coming into an inheritance. What is a buy for a long term hold that pays dividends? A: His favourite bank. Good dividend. 2/3 of gains over time are made from dividends. Good long term hold.
BUY ON WEAKNESS
Extremely well run. A huge amount of excess capital which can be used for consolidation and growth internationally. Great returns on equity.
WEAK BUY
The #1 bank they hold. Have been adept at making acquisitions outside of Canada. Hard to get excited by the Canadian banks right now. You won't get hurt, but growth will be somewhat tempered going forward.
WEAK BUY
Have a larger international flavour than some of the other banks. A very well run bank. As interest rates rise, this sector could come under a little pressure. Only looking for modest returns out of the banks from here after their strong run in the last few years. Using their DRIPs is a very attractive way of re-investing for the retail investor.
BUY
Should continue to do fairly well. The out look for non-banks, such as Manulife or E-L Financial will probably be better from a growth or valuation point of view.
BUY
If your outlook is long term, Canadian banks are reasonable and could be bought now. For playing the market, wait for a drop by $1/2.
BUY
A boring value style dividend paying stock, but where you end up with superior performance because a large portion of your return is from the dividends which are tax effective.
TOP PICK
Continuing to increase their dividends. Great exposure in Latin America. Opportunies in Latin America are great. Very well managed.
BUY
Has been a long time favourite. Offers reasonable investment value. TD Bank as a diversification, offers reasonable value.
BUY
The growth rates that the banks have seen in the earnings are starting to lessen. However, this bank has more interesting growth prospects coming from outside fo Canada. Also have a very good private banking business.
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