Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) was upgraded by stock analysts at TD from a “hold” rating to a “buy” rating in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a C$141.00 price target on the bank’s stock, up from their prior price target of C$124.00. TD’s price target points to a potential upside of 8.20% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada lifted their price target on shares of Bank of Nova Scotia from C$117.00 to C$129.00 and gave the company a “sector perform” rating in a research report on Wednesday. Desjardins raised their price objective on Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. TD Securities raised Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Keefe, Bruyette & Woods set a C$148.00 target price on Bank of Nova Scotia and gave the company a “moderate buy” rating in a report on Friday, August 21st. Finally, Canaccord Genuity Group raised their price objective on shares of Bank of Nova Scotia from C$121.00 to C$127.00 and gave the stock a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$128.86.
Check Out Our Latest Stock Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Up 1.2%
Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share for the quarter. The business had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. As a group, analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.
Key Stories Impacting Bank of Nova Scotia
Here are the key news stories impacting Bank of Nova Scotia this week:
- Positive Sentiment: Record quarterly performance: Canadian Banking, Global Wealth Management, and Global Banking and Markets all delivered strong results. Margin expansion, fee growth, and stronger underwriting and advisory activity helped drive the earnings beat. BMO, Scotiabank top estimates as capital-markets units surge
- Positive Sentiment: Analyst upgrades support sentiment: National Bank upgraded Scotiabank to “Outperform,” arguing that the shares offer more than a value opportunity, while TD Securities raised its rating from “Hold” to “Strong Buy.” Scotiabank upgraded to Outperform at National Bank
- Positive Sentiment: Capital returns and balance sheet remain supportive: BNS reported a 13.1% CET1 ratio, repurchased 8.6 million shares during the quarter, and said it had returned C$6.3 billion to shareholders year to date through dividends and buybacks. Why Bank of Nova Scotia Stock Is Up Today
- Neutral Sentiment: Trade uncertainty remains a risk: BNS and BMO cautioned that tariff and trade disruptions could weigh on business activity, although companies appear to be adapting relatively well. BMO, Scotia signal caution, but say businesses adapting well to trade unrest
- Negative Sentiment: One valuation signal is less bullish: National Bank Financial assigned a C$128 price target with a “Sector Perform” rating, slightly below the recent trading level, suggesting limited near-term upside under that view. Bank of Nova Scotia Given a C$128 Price Target
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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