The Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$111.35 and last traded at C$110.98, with a volume of 1050393 shares traded. The stock had previously closed at C$110.27.
Key Stories Impacting Bank of Nova Scotia
Here are the key news stories impacting Bank of Nova Scotia this week:
- Positive Sentiment: The bank reported stronger-than-expected quarterly results, with earnings of C$2.02 per share and revenue of about C$9.84 billion, supported by better performance in its Canadian and international banking divisions. Canada's Bank Of Nova Scotia Raises Dividend After Strong Quarter
- Positive Sentiment: Scotiabank raised its common-share dividend by 3.6% to C$1.14, a sign of management confidence in earnings and capital generation. Bank of Nova Scotia raises dividend by 3.6% to C$1.14
- Positive Sentiment: The company said global investors are showing renewed interest in Canada, which could support demand for Scotiabank’s services and improve the operating backdrop for its business. Global Investors Are Eyeing Canada Again, Scotiabank CEO Says
- Neutral Sentiment: Scotiabank filed several routine Form 6-K updates covering capitalization, earnings coverage, and interim control certifications; these are mostly compliance and disclosure items rather than major new business developments. Bank of Nova Scotia Reports April 2026 Capitalization and Strong Earnings Coverage in New Form 6-K
- Neutral Sentiment: The stock was already near a 12-month high ahead of the earnings release, suggesting some optimism may have been priced in before the latest update. Bank of Nova Scotia (TSE:BNS) Reaches New 12-Month High – Here’s Why
Wall Street Analyst Weigh In
BNS has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Canaccord Genuity Group lowered their target price on Bank of Nova Scotia from C$110.00 to C$108.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Royal Bank Of Canada lowered their target price on Bank of Nova Scotia from C$106.00 to C$98.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 25th. Raymond James Financial upped their target price on Bank of Nova Scotia from C$117.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Barclays upped their target price on Bank of Nova Scotia from C$106.00 to C$108.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$107.77.
Bank of Nova Scotia Trading Up 0.5%
The stock has a market capitalization of C$137.39 billion, a PE ratio of 16.55, a P/E/G ratio of 1.33 and a beta of 1.23. The stock’s fifty day simple moving average is C$102.24 and its 200-day simple moving average is C$100.87.
Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. The firm had revenue of C$9.85 billion for the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. As a group, analysts anticipate that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.
Bank of Nova Scotia Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $4.40 annualized dividend and a dividend yield of 3.9%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 64.69%.
Bank of Nova Scotia Company Profile
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).
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