Buy, Sell or Hold: Bank of Nova Scotia (BNS-T) — Stock Predictions at Stockchase

TSE:BNS

78.25

0.16 (0.20%) 1d

Showing 1 to 15 of 1,459 entries

BUY on WEAKNESS

They have had a good run. The dividend is safe. It has some international exposure which adds some volatility. These are good opportunities to add to the banks. Some banks have a lot of room to raise dividends.

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PAST TOP PICK

(A Top Pick Dec 04/20, Up 18%) It lags its peers, but is selling at a discount based on a lower price-to book at 1.4x, yet paying a 4.5% dividend. Good to buy at current prices. The banks will do well when they can raise dividends and buyback shares again.

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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. 5i likes the global and international exposure that BNS offers compared to other big banks. If the global economy continues to grow, they should remain strong. Unlock Premium - Try 5i Free

banks

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company reported good results recently. Investors expect a dividend increase shortly. A global recovery will help their position further, and 5i is comfortable here. Unlock Premium - Try 5i Free

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DON'T BUY

A premier bank. Biggest problem is heavily invested in Latin America and the Caribbean, which brings volatility. If this was a time to get aggressively with EMs, you'd lean toward BNS. As a proxy, he'd be more interested in RY and TD. The US is the highest growth economy right now.

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TOP PICK

It's the cheapest (in valuation) and pays the highest dividend among the banks. It has a strong 12-month outlook, at least two strong quarters ahead. (LB-T is also cheap.) (Analysts’ price target is $86.38)

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BUY

They beat numbers today, including mortgage loans and investment management businesses. All the Canadian banks are flush with capital. He expects the regulatory to eventually buyback shares and raise dividends, and stocks will rise. Banks are putting those pandemic reserves into earnings. BNS will do well, especially with buybacks and dividend raises.

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COMMENT

Owns these two banks. BNS is Canadian and Latin America, where as RBC is Canada and US. Likes BNS's exposure to Latin America. Currently under covid, it is being more hurt. The stock is lagging here because of this. RBC is doing better due to Canada and US doing better. Over the long term, RBC is the stronger and better bank, but both are good choices.

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TOP PICK

Canadian banks have generally moved higher but in the short term they tend to play leapfrog. In recent years other have leapt ahead. (Analysts’ price target is $86.15)

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COMMENT

In general for the Canadian banks have done pretty well over the last years. For banks, lower interest rates make it hard for banks to make higher profits. Fees are higher and higher. Financial space could be challenging. Normalization will be good for financials. Banks are now fairly or over valued now. They will grow their earnings.

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HOLD

It is the most international of the Canadian banks. A catalyst to make something really good happen would be if two Canadian banks merged. There is not much room for them to grow otherwise.

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COMMENT

Cannot talk about BNS because he works there. However, likes all the banks and thinks they will all work here.

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TOP PICK

In a transformation to digital by investing in wealth business acuiqistions. International exposure is being retooled too. Likes it in general since banks have tail winds like yield curve steepening, ability to buy back stocks again, etc. One of the cheaper banks. The wealth business is showing good returns. Good value and volatility measures. (Analysts’ price target is $80.45)

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BUY

Banks are in a sweet spot now. BNS has held reserves very well during Covid; he expects these reserves to come off and go to the bottom line. Their issue was that their international banking was down a lot in revenues, however, but will improve in coming quarters with better growth. They're weaker in investment banking than, say, RY, but they should benefit from the general environment in retail banking and wealth management. People are worried about the Canadian mortgage industry and the hot housing market in Toronto and Vancouver, but he doesn't foresee the same problems as in the States when it comes to shaky mortgages. Mortgages have been a great business for banks for the last 60 years.

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TOP PICK

Emerging markets are more volatile than developed markets. This is the most globally ambitious of the Canadian banks. The return on equity is lower than their peers and should be boosted this year. Their credit provisions last years were quite large compared to others but should face easy comparisons this year. He thinks the regulators will free them up later this year to increase dividends and possibly buy back shares. (Analysts’ price target is $80.41)

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Showing 1 to 15 of 1,459 entries

Bank of Nova Scotia(BNS-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 13

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 19

Stockchase rating for Bank of Nova Scotia is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bank of Nova Scotia(BNS-T) Frequently Asked Questions

What is Bank of Nova Scotia stock symbol?

Bank of Nova Scotia is a Canadian stock, trading under the symbol BNS-T on the Toronto Stock Exchange (BNS-CT). It is usually referred to as TSX:BNS or BNS-T

Is Bank of Nova Scotia a buy or a sell?

In the last year, 19 stock analysts published opinions about BNS-T. 13 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Bank of Nova Scotia.

Is Bank of Nova Scotia a good investment or a top pick?

Bank of Nova Scotia was recommended as a Top Pick by on . Read the latest stock experts ratings for Bank of Nova Scotia.

Why is Bank of Nova Scotia stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Bank of Nova Scotia worth watching?

19 stock analysts on Stockchase covered Bank of Nova Scotia In the last year. It is a trending stock that is worth watching.

What is Bank of Nova Scotia stock price?

On 2021-09-24, Bank of Nova Scotia (BNS-T) stock closed at a price of $78.25.

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