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

7 Wall Street 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 6 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" BNS shares.
View BNS analyst ratings or view top-rated stocks.

7 Wall Street research analysts have issued twelve-month target prices for Bank of Nova Scotia's stock. Their BNS share price forecasts range from $77.00 to $95.00. On average, they anticipate the company's stock price to reach $86.06 in the next year. This suggests a possible upside of 79.2% 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 1.9% and is now trading at $48.03.
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Bank of Nova Scotia saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 12,340,000 shares, a decline of 48.0% from the July 15th total of 23,740,000 shares. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is currently 9.7 days. Approximately 1.0% of the company's stock are short sold.
View Bank of Nova Scotia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023.
View our BNS earnings forecast.

Bank of Nova Scotia will be holding an earnings conference call on Tuesday, August 29th at 8:15 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "1127377#".

The Bank of Nova Scotia (NYSE:BNS) posted its earnings results on Wednesday, May, 24th. The bank reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.32 by $0.07. The bank earned $5.85 billion during the quarter, compared to analyst estimates of $5.91 billion. Bank of Nova Scotia had a net margin of 14.16% and a trailing twelve-month return on equity of 13.99%.

Bank of Nova Scotia declared a quarterly dividend on Thursday, May 25th. Stockholders of record on Wednesday, July 5th will be given a dividend of $0.7851 per share on Thursday, July 27th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date is Monday, July 3rd. This is a boost from the stock's previous quarterly dividend of $0.77.
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 6.66%. 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 62.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BNS will have a dividend payout ratio of 56.74% 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 institutional and retail investors. Top institutional investors include TD Asset Management Inc (1.39%), Mackenzie Financial Corp (1.20%), Scotia Capital Inc. (1.10%), Jarislowsky Fraser Ltd (1.07%), Dimensional Fund Advisors LP (0.47%) and JPMorgan Chase & Co. (0.44%).

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 $48.03.

Bank of Nova Scotia (NYSE:BNS) has a market capitalization of $57.89 billion and generates $36.40 billion in revenue each year. The bank earns $7.70 billion in net income (profit) each year or $5.09 on an earnings per share basis.

The company employs 90,979 workers across the globe.

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.