Bank of Nova Scotia - BNS Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BNS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BNS, but not buy additional shares or sell existing shares.
View BNS analyst ratings or view top-rated stocks.

13 equities research analysts have issued 12 month target prices for Bank of Nova Scotia's stock. Their BNS share price forecasts range from $83.00 to $100.91. On average, they anticipate the company's share price to reach $91.54 in the next twelve months. This suggests a possible upside of 69.4% 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 $71.69 on January 1st, 2022. Since then, BNS stock has decreased by 24.6% and is now trading at $54.03.
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Bank of Nova Scotia saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 22,680,000 shares, a decline of 37.8% from the July 15th total of 36,450,000 shares. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is presently 15.1 days. Currently, 1.9% of the company's shares are short sold.
View Bank of Nova Scotia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 29th 2022.
View our BNS earnings forecast.

The Bank of Nova Scotia (NYSE:BNS) issued its quarterly earnings results on Tuesday, November, 30th. The bank reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.57. The bank had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.95 billion. Bank of Nova Scotia had a trailing twelve-month return on equity of 15.73% and a net margin of 24.43%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 EPS.

Bank of Nova Scotia announced a quarterly dividend on Wednesday, August 24th. Investors of record on Tuesday, October 4th will be paid a dividend of $0.7897 per share on Thursday, October 27th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date is Monday, October 3rd.
Read our dividend analysis for BNS.

Bank of Nova Scotia (NYSE:BNS) pays an annual dividend of $3.20 per share and currently has a dividend yield of 5.95%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 48.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BNS.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "BNS."

Bank of Nova Scotia's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include TD Asset Management Inc. (1.90%), Toronto Dominion Bank (1.55%), Mackenzie Financial Corp (1.50%), Jarislowsky Fraser Ltd (1.21%), Scotia Capital Inc. (1.00%) and Connor Clark & Lunn Investment Management Ltd. (0.88%).

Shares of BNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BNS stock can currently be purchased for approximately $54.03.

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $64.45 billion and generates $31.20 billion in revenue each year. The bank earns $7.65 billion in net income (profit) each year or $6.58 on an earnings per share basis.

The company employs 89,488 workers across the globe.

Bank of Nova Scotia was founded in 1832.

Bank of Nova Scotia's mailing address is 44 KING STREET WEST SCOTIA PLAZA 8TH FL., TORONTO A6, M5H 1H1. The official website for the company is www.scotiabank.com. The bank can be reached via phone at (416) 866-6161, via email at investor.relations@scotiabank.com, or via fax at 416-866-3750.