The Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS)’s stock price hit a new 52-week high during mid-day trading on Friday after National Bank Financial raised their price target on the stock from C$106.00 to C$128.00. National Bank Financial currently has a sector perform rating on the stock. Bank of Nova Scotia traded as high as C$127.00 and last traded at C$126.98, with a volume of 1285409 shares traded. The stock had previously closed at C$126.28.
Several other brokerages have also recently weighed in on BNS. Jefferies Financial Group upped their price target on Bank of Nova Scotia from C$112.00 to C$117.00 and gave the stock a “hold” rating in a research note on Thursday. Barclays raised their price objective on Bank of Nova Scotia from C$108.00 to C$110.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce boosted their target price on shares of Bank of Nova Scotia from C$116.00 to C$122.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. TD upped their target price on shares of Bank of Nova Scotia from C$113.00 to C$124.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Raymond James Financial upped their target price on shares of Bank of Nova Scotia from C$121.00 to C$137.00 and gave the stock an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Bank of Nova Scotia currently has an average rating of “Hold” and a consensus price target of C$117.00.
Check Out Our Latest Analysis on BNS
Bank of Nova Scotia Stock Performance
Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last released its earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.The firm had revenue of C$9.85 billion for the quarter. Research analysts predict that The Bank of Nova Scotia will post 7.1286267 EPS for the current year.
Bank of Nova Scotia Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 29th were paid a dividend of $1.14 per share. The ex-dividend date was Tuesday, July 7th. This represents a $4.56 dividend on an annualized basis and a yield of 3.6%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10. Bank of Nova Scotia’s dividend payout ratio (DPR) is 60.69%.
About Bank of Nova Scotia
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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