Bank of Nova Scotia (BNS) Stock Overview
Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for BNS from our risk checks.
BNS Community Fair Values
Create NarrativeSee what 255 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
The Bank of Nova Scotia Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$105.43 |
| 52 Week High | CA$107.73 |
| 52 Week Low | CA$70.25 |
| Beta | 1.21 |
| 1 Month Change | 4.54% |
| 3 Month Change | -0.028% |
| 1 Year Change | 49.04% |
| 3 Year Change | 57.15% |
| 5 Year Change | 31.72% |
| Change since IPO | 6,558.74% |
Recent News & Updates
Narrative Update • Apr 26
BNS: Future P/E Discount Will Reflect Modest ROE And Peer Execution Concerns
The Analyst Price Target for Bank of Nova Scotia has been adjusted to CA$106.57. Analysts point to a consistent fair value estimate alongside updated assumptions for discount rate, revenue growth, profit margin and future P/E, reflecting recent research that highlights mixed views on return on equity and the bank's relative positioning versus peers.
New Narrative • Apr 19
The Bank of Nova Scotia (BNS): The "Great North" Synergy and the Scotiabank Forward Pivot
The Bank of Nova Scotia (BNS) , a heavyweight in Canada’s "Big Five" and a leader in Pan-American banking, enters Sunday, April 19, 2026 , amidst a significant operational shift toward North American corridor connectivity. Trading at $104.92 CAD after a strong 2.07% surge on Friday, the stock is currently at its 52-week peak as it sheds its legacy Latin American footprint in favor of deeper U.S. and Canadian integration.Narrative Update • Apr 12
BNS: Sustained P/E Discount Will Reflect Mixed ROE And Balance Sheet Concerns
Narrative Update The analyst price target for Bank of Nova Scotia has been trimmed by about CA$0.60 to reflect updated fair value and P/E assumptions, as analysts factor in recent downgrades tied to relatively modest ROE expectations and concerns that the bank could trail peers as investor attention shifts toward balance sheet growth. Analyst Commentary Recent research on Bank of Nova Scotia has become more mixed, with some price targets moving higher on earnings updates and others moving lower as expectations for returns and relative performance are reassessed.Narrative Update • Mar 29
BNS: Sustained P/E Discount Will Support Measured Upside On ROE Execution
Narrative Update on Bank of Nova Scotia The updated analyst price target for Bank of Nova Scotia now sits at CA$110, a CA$8 reduction, as analysts factor in expectations for a sustained P/E discount to peers, given relatively modest return on equity and concerns that the bank could lag competitors as investor focus shifts toward balance sheet growth. Analyst Commentary Recent Street research on Bank of Nova Scotia shows a mix of optimism on earnings execution and caution around relative valuation and return on equity.Recent updates
Narrative Update • Apr 26
BNS: Future P/E Discount Will Reflect Modest ROE And Peer Execution Concerns
The Analyst Price Target for Bank of Nova Scotia has been adjusted to CA$106.57. Analysts point to a consistent fair value estimate alongside updated assumptions for discount rate, revenue growth, profit margin and future P/E, reflecting recent research that highlights mixed views on return on equity and the bank's relative positioning versus peers.New Narrative • Apr 19
The Bank of Nova Scotia (BNS): The "Great North" Synergy and the Scotiabank Forward Pivot
The Bank of Nova Scotia (BNS) , a heavyweight in Canada’s "Big Five" and a leader in Pan-American banking, enters Sunday, April 19, 2026 , amidst a significant operational shift toward North American corridor connectivity. Trading at $104.92 CAD after a strong 2.07% surge on Friday, the stock is currently at its 52-week peak as it sheds its legacy Latin American footprint in favor of deeper U.S. and Canadian integration.Narrative Update • Apr 12
BNS: Sustained P/E Discount Will Reflect Mixed ROE And Balance Sheet Concerns
Narrative Update The analyst price target for Bank of Nova Scotia has been trimmed by about CA$0.60 to reflect updated fair value and P/E assumptions, as analysts factor in recent downgrades tied to relatively modest ROE expectations and concerns that the bank could trail peers as investor attention shifts toward balance sheet growth. Analyst Commentary Recent research on Bank of Nova Scotia has become more mixed, with some price targets moving higher on earnings updates and others moving lower as expectations for returns and relative performance are reassessed.Narrative Update • Mar 29
BNS: Sustained P/E Discount Will Support Measured Upside On ROE Execution
Narrative Update on Bank of Nova Scotia The updated analyst price target for Bank of Nova Scotia now sits at CA$110, a CA$8 reduction, as analysts factor in expectations for a sustained P/E discount to peers, given relatively modest return on equity and concerns that the bank could lag competitors as investor focus shifts toward balance sheet growth. Analyst Commentary Recent Street research on Bank of Nova Scotia shows a mix of optimism on earnings execution and caution around relative valuation and return on equity.Narrative Update • Mar 11
BNS: ROE Concerns And Mixed Execution Will Shape Measured Re Rating Potential
The analyst price target for Bank of Nova Scotia has shifted slightly lower to CA$107.14 from CA$106.20 as analysts factor in more modest revenue growth, slightly lower profit margin assumptions and expectations that the bank's P/E discount to peers may persist amid concerns about return on equity and areas of underperformance in Canadian P&C and wealth management. Analyst Commentary Recent Street research on Bank of Nova Scotia has been mixed, with some price targets adjusted higher following quarterly results and others trimmed alongside rating downgrades.Narrative Update • Feb 24
BNS: Higher Street Expectations And ROE Focus Will Shape Measured Re Rating Potential
Analysts have raised their fair value estimate for Bank of Nova Scotia to CA$106.20 from CA$101.33, reflecting updated expectations for revenue growth, profit margins, and future P/E assumptions in light of higher Street price targets in the CA$106 to CA$114 range. Analyst Commentary Recent Street research on Bank of Nova Scotia has centered on higher price targets ahead of Q1 earnings, with analysts revisiting their models for revenue, earnings and longer term assumptions for the Canadian bank group.Narrative Update • Feb 10
BNS: New Leadership And ROE Focus May Support Measured Re rating Potential
Analysts have nudged their fair value estimate for Bank of Nova Scotia slightly higher to about $101.33 from $101.20, reflecting a modestly higher assumed discount rate and future P/E multiple, supported by recent price target increases and fresh Outperform and Buy ratings from several firms. Analyst Commentary Bullish Takeaways Bullish analysts have moved their price targets into a C$98 to C$108 range, which sits above the current fair value estimate and signals confidence that the market could re-rate the shares if execution stays on track.Narrative Update • Jan 25
BNS: New Leadership And ROE Focus May Support Gradual Multiple Improvement
Narrative Update: Bank of Nova Scotia The analyst price targets for Bank of Nova Scotia have moved higher into the C$98 to C$108 range, as analysts point to encouraging developments under new management. They also see room for the P/E multiple to improve if ROE strengthens from current levels.Narrative Update • Jan 11
BNS: New Leadership And Improving ROE Support Measured Re Rating Potential
Analysts have nudged their price target for Bank of Nova Scotia higher, lifting it from about C$100.27 to roughly C$101.20. They cited updated assumptions around slightly stronger revenue growth, modestly higher profit margins, a lower discount rate and a reduced future P/E multiple, supported by recent Street research that includes higher targets from UBS and Canaccord and an Outperform initiation at Raymond James.Narrative Update • Dec 23
BNS: New Leadership And Improving ROE Will Drive A Gradual Re Rating
The analyst price target for Bank of Nova Scotia has been modestly increased to around C$106 from approximately C$94, as analysts point to improving return on equity under new management and room for valuation multiple expansion relative to peers. Analyst Commentary Bullish analysts highlight that the recent price target increases reflect growing confidence in Bank of Nova Scotia's strategic reset and earnings trajectory, with upside tied to both execution on its new plan and normalization of valuation versus peers.Narrative Update • Dec 09
BNS: New Management And Rising ROE Will Shape A Measured Rebound
Analysts have lifted their price target for Bank of Nova Scotia from about C$92 to roughly C$99, citing stronger expected revenue growth, improving profit margins, and room for valuation multiple expansion as returns on equity trend higher under new management. Analyst Commentary Bullish analysts have reiterated positive views on Bank of Nova Scotia, pointing to evidence that recent strategic changes are beginning to translate into better fundamentals and a pathway for the shares to narrow their valuation gap versus peers.Narrative Update • Nov 25
BNS: Recent Management Changes And Earnings Momentum Will Shape The Road Ahead
The analyst price target for Bank of Nova Scotia has been increased from $88.29 to $92.21. Analysts cite improved valuation prospects, a stronger earnings outlook, and recent signs of operational progress under new management as supporting factors for the upward revision.Narrative Update • Nov 11
BNS: Further Net Interest Margin Expansion And Loan Growth Will Shape Outlook
The analyst price target for Bank of Nova Scotia has been raised slightly, moving from C$87.07 to C$88.29. Analysts cite improved earnings performance and a better outlook for credit and revenue growth as reasons for the change.Narrative Update • Aug 27
Mortgage+ And Scene+ Initiatives Will Strengthen Future Client Acquisition And Earnings Stability
Despite a notable drop in revenue growth forecasts and a higher future P/E ratio, analysts have modestly raised Bank of Nova Scotia's consensus price target to CA$83.36. What's in the News Apollo's insurer Athene defended its asset allocation practices, showing that only 12% of its assets are "related party" compared to higher percentages at rival firms, including KKR's Global Atlantic and Brookfield's American National Insurance (Financial Times, 2025-08-18).Analysis Article • Jun 14
Bank of Nova Scotia's (TSE:BNS) Shareholders Will Receive A Bigger Dividend Than Last Year
The Bank of Nova Scotia ( TSE:BNS ) will increase its dividend on the 29th of July to CA$1.10, which is 3.8% higher...
New Narrative • Dec 08
Global Wealth Management Focus And Digital Innovations Propel Earnings Growth
Strategic focus on increasing primary clients and optimizing capital allocation to boost revenue and net margins through fee-based services.Shareholder Returns
| BNS | CA Banks | CA Market | |
|---|---|---|---|
| 7D | 1.1% | 1.7% | 2.3% |
| 1Y | 49.0% | 54.7% | 33.7% |
Return vs Industry: BNS underperformed the Canadian Banks industry which returned 54.7% over the past year.
Return vs Market: BNS exceeded the Canadian Market which returned 33.7% over the past year.
Price Volatility
| BNS volatility | |
|---|---|
| BNS Average Weekly Movement | 2.7% |
| Banks Industry Average Movement | 3.1% |
| Market Average Movement | 10.4% |
| 10% most volatile stocks in CA Market | 17.9% |
| 10% least volatile stocks in CA Market | 4.0% |
Stable Share Price: BNS has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: BNS's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1832 | 79,740 | L. Thomson | www.scotiabank.com |
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions.
The Bank of Nova Scotia Fundamentals Summary
| BNS fundamental statistics | |
|---|---|
| Market cap | CA$130.64b |
| Earnings (TTM) | CA$8.39b |
| Revenue (TTM) | CA$33.25b |
15.5x
P/E Ratio1.5x
P/B RatioIs BNS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BNS income statement (TTM) | |
|---|---|
| Revenue | CA$33.25b |
| Cost of Revenue | CA$0 |
| Gross Profit | CA$33.25b |
| Other Expenses | CA$24.86b |
| Earnings | CA$8.39b |
Last Reported Earnings
Jan 31, 2026
Next Earnings Date
May 27, 2026
| Earnings per share (EPS) | 6.81 |
| Gross Margin | 100.00% |
| Net Profit Margin | 25.23% |
| Debt/Equity Ratio | 355.5% |
How did BNS perform over the long term?
See historical performance and comparisonDividends
4.2%
Current Dividend Yield65%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 04:12 |
| End of Day Share Price | 2026/05/11 00:00 |
| Earnings | 2026/01/31 |
| Annual Earnings | 2025/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Bank of Nova Scotia is covered by 26 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Will Chien | Accountability Research Corporation |
| Lemar Persaud | ATB Cormark Historical (Cormark Securities) |
| John Aiken | Barclays |