Bank of Nova Scotia (TSE:BNS) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Posted by Geri Gentry on Sep 26th, 2026

Shares of The Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$114.78 and traded as high as C$130.80. Bank of Nova Scotia shares last traded at C$130.43, with a volume of 2,519,624 shares changing hands.

Wall Street Analysts Forecast Growth

BNS has been the subject of a number of analyst reports. Desjardins set a C$130.00 price objective on shares of Bank of Nova Scotia and gave the stock a “hold” rating in a report on Wednesday, September 2nd. TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Canadian Imperial Bank of Commerce increased their price target on shares of Bank of Nova Scotia from C$136.00 to C$137.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Barclays raised their price target on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a research note on Friday, August 21st. Finally, TD raised Bank of Nova Scotia from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$124.00 to C$141.00 in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bank of Nova Scotia has an average rating of “Moderate Buy” and an average price target of C$129.50.

Get Our Latest Research Report on BNS

Bank of Nova Scotia Stock Up 1.5%

The company has a market capitalization of C$161.30 billion, a P/E ratio of 17.30, a PEG ratio of 1.33 and a beta of 1.27. The stock has a fifty day simple moving average of C$126.40 and a 200-day simple moving average of C$114.90.

Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last issued its earnings results on Tuesday, August 25th. The bank reported C$2.28 EPS for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. The company had revenue of C$10.54 billion for the quarter. Analysts predict that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 29th were issued a dividend of $1.14 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $4.56 annualized dividend and a yield of 3.4%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10. Bank of Nova Scotia’s payout ratio is 58.04%.

About Bank of Nova Scotia

(Get Free Report)

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: ‘for every future,’ we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).