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

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

5 brokerages have issued 12 month price objectives for Bank of Nova Scotia's stock. Their BNS share price targets range from $65.00 to $77.00. On average, they predict the company's stock price to reach $69.00 in the next twelve months. This suggests a possible upside of 41.7% 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 $48.98 on January 1st, 2023. Since then, BNS shares have decreased by 0.6% and is now trading at $48.69.
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Bank of Nova Scotia saw a increase in short interest in December. As of December 15th, there was short interest totaling 22,420,000 shares, an increase of 13.1% from the November 30th total of 19,820,000 shares. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is presently 12.1 days. Approximately 1.9% of the company's shares are sold short.
View Bank of Nova Scotia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our BNS earnings forecast.

The Bank of Nova Scotia (NYSE:BNS) posted its quarterly earnings results on Tuesday, November, 28th. The bank reported $0.93 EPS for the quarter, missing the consensus estimate of $1.21 by $0.28. The bank earned $8.31 billion during the quarter, compared to analysts' expectations of $5.98 billion. Bank of Nova Scotia had a net margin of 10.47% and a trailing twelve-month return on equity of 11.87%. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS.

Bank of Nova Scotia declared a quarterly dividend on Wednesday, November 29th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.7773 per share on Monday, January 29th. This represents a $3.11 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend is Tuesday, January 2nd.
Read our dividend analysis for BNS.

Bank of Nova Scotia (NYSE:BNS) pays an annual dividend of $3.12 per share and currently has a dividend yield of 6.41%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 72.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 60.35% 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).

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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