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Investor Insights

This summary was created by AI, based on 60 opinions in the last 12 months.

The reviews for Bank of Nova Scotia (BNS-T) are mixed. Some experts are confident in the new CEO and see potential for growth, especially as the company refocuses on North America. However, others are concerned about the bank's international operations, particularly in Latin America. The stock is currently paying a high dividend, but there are questions about the bank's future strategic direction.

Consensus
Mixed
Valuation
Undervalued
HOLD
Bank of Nova Scotia
Take profits or hold?

New management, give them time. New strategy, with recent investment in US, the right path. Good yield, which pays you to wait. Latin American jurisdictions are not favourable, so he's stayed away for that reason.

banks
BUY ON WEAKNESS
Bank of Nova Scotia

Don't chase bank strength now, but dollar-cost average, one of his strategies. 

banks
Unspecified
Bank of Nova Scotia

It is a good place to work. In general the most recent earnings reports for the banks were very good, the star being CIBC. If buying, he would would choose CIBC first, then TD as a turnaround, then Royal Bank.

banks
HOLD
Bank of Nova Scotia

She has a small position, but that's underweight. More rate cuts will help health of consumer, but too many would cast doubt on underlying health of economy and that won't be good for banks.

banks
WATCH
Bank of Nova Scotia

As of yesterday, 80% of companies in the financial sector in the S&P 500 made 21-day highs. The sector's had a broad rally; over 80% are trading above 200-day MA. 25% of his firm's assets are in financial services, overweight. He likes to buy "good, getting better", not "broken, getting fixed".

Going through a navel-gazing transition. Long, dry spell for shareholders of not making money. Market's warming up to it. One to watch, though RSI versus the S&P and TSX hasn't picked up.

banks
BUY
Bank of Nova Scotia

It'll have a long turnaround, but it's the cheapest Canadian bank with great Canadian operations.

banks
HOLD
Bank of Nova Scotia

They cut exposure in Latin America to increase exposure in North America. All good, but it takes time. She and the street were surprised they just bought a stake in KeyCorp. Shares pulled back. Usually, a Canadian bank buys a company entirely, not 15%. They could have paid a better price.  Is holding it, given the low PE and good dividend.

banks
BUY
Bank of Nova Scotia

His top pick in Canadian banks. True, many don't like their KeyCorp purchase, but it gives BNS national presence in the US and the valuation is cheap.

banks
BUY
Bank of Nova Scotia

It is one of their top three bank holdings and is very international with divisions in Latin America and the U.S. It is good for diversification and getting to an attractive valuation as it tales good steps to improve things. He feels that the market reaction to its $2 billion acquisition was overdone.

banks
DON'T BUY
Bank of Nova Scotia

Struggled in general, and relative to Canadian peers. Biggest pullback in 2022. Sideways since then, with a low of $55 and high of $65. Drifting. You're just collecting the dividend, as stock's not doing much.

banks
BUY
Bank of Nova Scotia
BNS vs. TD

New CEO and a new plan. Rationalizing Latin American operations, hopefully that works; interest rates coming down should also help. Time will tell. He's equally bullish on both names, for different reasons.

banks
Unspecified
Bank of Nova Scotia

It is OK at these levels but cleaning up is needed. There is a question around whether the CEO is just in a caretaker role. He owns a small position. Has a good yield.

banks
WATCH
Bank of Nova Scotia

He owns 4 Canadian banks which are enjoying a tailwind from interest rates which will continue to decline. BNS wants to sell their Latin American assets and might re-deploy to the US. He's watching this and their new CEO. He's not drawn in by their big dividend.

banks
HOLD
Bank of Nova Scotia

The previous CEO left and the new one is solid which should be good for a turn-around. He doesn't see a dividend cut so it is a good hold for income.

banks
DON'T BUY
Bank of Nova Scotia

Has sold shares, and invested elsewhere. Seeing better opportunities in other names. Bank of Montreal/CIBC is better option for investors. 

banks
Showing 1 to 15 of 1,632 entries

Bank of Nova Scotia(BNS-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 29

Neutral - Hold Signals / Votes : 9

Bearish - Sell Signals / Votes : 13

Total Signals / Votes : 51

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, 51 stock analysts published opinions about BNS-T. 29 analysts recommended to BUY the stock. 13 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?

51 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 2024-09-18, Bank of Nova Scotia (BNS-T) stock closed at a price of $71.46.