Bank of Nova Scotia (TSE:BNS) Sets New 1-Year High – Should You Buy?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$107.84 and last traded at C$107.79, with a volume of 672809 shares changing hands. The stock had previously closed at C$106.33.

Analyst Ratings Changes

Several research firms have recently commented on BNS. TD increased their target price on Bank of Nova Scotia from C$111.00 to C$112.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Canaccord Genuity Group cut Bank of Nova Scotia from a “buy” rating to a “hold” rating and reduced their target price for the company from C$118.00 to C$110.00 in a research note on Monday, March 9th. National Bank Financial increased their target price on Bank of Nova Scotia from C$100.00 to C$106.00 and gave the company a “sector perform” rating in a research note on Friday, May 15th. BMO Capital Markets increased their target price on Bank of Nova Scotia from C$98.00 to C$101.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada reduced their target price on Bank of Nova Scotia from C$106.00 to C$98.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$107.85.

Bank of Nova Scotia Stock Up 2.0%

The company has a 50 day moving average of C$100.52 and a 200-day moving average of C$100.11. The stock has a market capitalization of C$133.50 billion, a P/E ratio of 16.08, a PEG ratio of 1.33 and a beta of 1.23.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, February 24th. The bank reported C$2.05 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a return on equity of 10.41% and a net margin of 14.45%.The firm had revenue of C$10.08 billion for the quarter. Equities analysts forecast that The Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 28th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, April 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 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).