Bank of Nova Scotia (BNS) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" BNS shares.
View BNS analyst ratings or view top-rated stocks.

4 brokerages have issued twelve-month price objectives for Bank of Nova Scotia's stock. Their BNS share price targets range from $66.00 to $70.00. On average, they expect the company's share price to reach $68.00 in the next twelve months. This suggests a possible upside of 43.7% from the stock's current price.
View analysts price targets for BNS or view top-rated stocks among Wall Street analysts.

Bank of Nova Scotia's stock was trading at $48.69 at the beginning of the year. Since then, BNS shares have decreased by 2.8% and is now trading at $47.33.
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Bank of Nova Scotia saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 23,320,000 shares, an increase of 7.1% from the April 30th total of 21,770,000 shares. Based on an average daily volume of 1,810,000 shares, the short-interest ratio is presently 12.9 days. Currently, 1.9% of the shares of the company are sold short.
View Bank of Nova Scotia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 3rd 2024.
View our BNS earnings forecast.

The Bank of Nova Scotia (NYSE:BNS) released its earnings results on Tuesday, February, 27th. The bank reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.06. The bank had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $6.01 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 11.40% and a net margin of 10.40%. During the same quarter in the prior year, the business posted $1.37 EPS.

Bank of Nova Scotia announced a quarterly dividend on Tuesday, May 28th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.769 per share on Monday, July 29th. This represents a $3.08 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Wednesday, July 3rd.
Read our dividend analysis for BNS.

Bank of Nova Scotia (NYSE:BNS) pays an annual dividend of $3.14 per share and currently has a dividend yield of 6.62%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 70.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 60.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BNS.

ETFs with the largest weight of Bank of Nova Scotia (NYSE:BNS) stock in their portfolio include Franklin FTSE Canada ETF (FLCA), JPMorgan BetaBuilders Canada ETF (BBCA), iShares MSCI Canada ETF (EWC), Franklin International Low Volatility High Dividend Index ETF (LVHI), iShares Transition-Enabling Metals ETF (TMET), iShares International Select Dividend ETF (IDV), First Trust S&P International Dividend Aristocrats ETF (FID) and Virtus WMC International Dividend ETF (VWID).

1,585 employees have rated Bank of Nova Scotia Chief Executive Officer Brian J. Porter on Glassdoor.com. Brian J. Porter has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of Nova Scotia investors own include AT&T (T), Freehold Royalties (FRU), Toronto-Dominion Bank (TD), Pfizer (PFE), Royal Bank of Canada (RY), Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM) and Intel (INTC).

Bank of Nova Scotia's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.92%), Toronto Dominion Bank (2.03%), TD Asset Management Inc (1.55%), 1832 Asset Management L.P. (1.38%), Healthcare of Ontario Pension Plan Trust Fund (1.18%) and Canada Pension Plan Investment Board (0.33%).

Shares of BNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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