TSE:BNS

Bank of Nova Scotia (BNS.TO)

122.44
-0.13 (0.11%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
2153 watching
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Investor Insights
star iconJun 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 icon
Consensus
Hold
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Valuation
Undervalued
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Similar
RY
BUY
The most international of all the banks. Financials are strong. Earnings in the last quarter were weaker than usual. A good buy and hold.
PAST TOP PICK
(A Top Pick June 3/04. Up 4.2%.) Model price is coming back a little. Continue to hold. National Bank is #1 followed by Royal, TD and Bank of Nova Scotia.
BUY
Has a very tough job on its hands. Generating about $400 million every quarter in excess capital and want to make 20% on this capital which will be tough to do. Good for long-term hold.
BUY
Q: Is overweighting banks rather than holding cash a good strategy? A: Works well over a 3/5 year time horizon.
TOP PICK
Great management team over years. International diversifications, which are very profitable businness for them. Lowest cost bank. Extremely efficient.
BUY
Probably the most profitable bank. The capital market part of the Bank has been going very well. Internationally diversified.
BUY ON WEAKNESS
Has tended to trade over $36 and then pull back. Try to buy a $35 or under. Very good international exposure.
PAST TOP PICK
(Past top pick June 3/04. Up 5%.) Likes all the banks.
TOP PICK
Likes the financial sector. Has a pretty steep yield curve and good credit quality. Margins for the banks should be good. Have made some good acquisitions and has a good product mix.
TOP PICK
All of the banks are generating significant amounts of excess capital. The Bank of Nova Scotia has the best opportunity to deploy their capital outside of the country, possibly in Asia. Expects they have a good strategy for this.
BUY
Management has always been able to avoid falling into a trend. A pretty good yield. They have growth sectors outside of Canada. A good core position to hold.
DON'T BUY
Banks have done a very good job at growth but the earnings growth rate has peaked. Reasonably priced but hard to see them moving higher.
HOLD
Improving economy will help. Good one to hold.
WEAK BUY
One of the lower risk banks. Banks are now having a tremendous amount of difficulty because of interest rates, concerns of domestic businesses and prospects for international businesses. Feels the banks are dead money for a while.
BUY
All the banks are cheap and this has a mid 20% upside.
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