National Bank Financial set a C$128.00 price objective on Bank of Nova Scotia (TSE:BNS – Free Report) (NYSE:BNS) in a research report sent to investors on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the bank’s stock.
A number of other equities research analysts have also recently weighed in on BNS. Desjardins boosted their price target on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods set a C$148.00 price objective on Bank of Nova Scotia and gave the stock a “moderate buy” rating in a report on Friday, August 21st. Barclays lifted their target price on Bank of Nova Scotia from C$110.00 to C$130.00 in a research report on Friday, August 21st. Canadian Imperial Bank of Commerce upped their target price on Bank of Nova Scotia from C$122.00 to C$136.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Finally, Raymond James Financial raised their price target on Bank of Nova Scotia from C$121.00 to C$137.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$128.86.
View Our Latest Stock Analysis on BNS
Bank of Nova Scotia Stock Up 0.8%
Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last released its quarterly earnings data on Tuesday, August 25th. The bank reported C$2.28 earnings per share for the quarter. The company had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. On average, equities analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.
Bank of Nova Scotia Increases Dividend
The business 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 of this dividend was Tuesday, July 7th. This represents a $4.56 annualized dividend and a yield of 3.5%. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $1.10. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 60.69%.
Key Stories Impacting Bank of Nova Scotia
Here are the key news stories impacting Bank of Nova Scotia this week:
- Positive Sentiment: Strong quarterly results supported the shares. Scotiabank reported third-quarter net income of C$2.95 billion, up 17% year over year, while adjusted diluted earnings per share rose to C$2.28 from C$1.88. Canadian Banking, Global Wealth Management, and Global Banking and Markets all posted strong results, with the bank citing margin expansion, fee growth, and resilient capital-markets activity. Scotiabank profit jumps 17% to $2.95 billion as bank calls Q3 a record quarter
- Positive Sentiment: Analyst sentiment improved materially. TD upgraded BNS from “hold” to “buy” and raised its target to C$141, while National Bank Financial upgraded the stock to “outperform” with a C$142 target. Keefe, Bruyette & Woods also maintained an “outperform” rating and lifted its target to C$152. Raymond James raised its target to C$139 and retained an “outperform” rating. Analyst ratings for Bank of Nova Scotia
- Neutral Sentiment: Capital returns and balance-sheet strength remain supportive. Scotiabank reported a 13.1% CET1 capital 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. These positives may already be partly reflected in the stock’s valuation, which is near its 52-week high. Why Bank of Nova Scotia stock is up today
- Negative Sentiment: Some analysts see limited near-term upside. Canaccord Genuity raised its target to C$127 and kept a “hold” rating, while RBC raised its target to C$129 with a “sector perform” rating. Both targets remain below the recent trading level, highlighting valuation and trade-related economic risks. BMO and Scotia signal caution amid trade unrest
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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