Scotiabank
BNS

$45.84

0.64%

Market Cap: 56.4B

About: Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.

Employees: 89,090

Financials State Commercial Banks

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 5 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

62% more repeat investments, than reductions

Existing positions increased: 162 | Existing positions reduced: 100

20% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 45

8% more capital invested

Capital invested by funds: $26.1B [Q4 2023] → $28.2B (+$2.13B) [Q1 2024]

5% more funds holding in top 10

Funds holding in top 10: 21 [Q4 2023] → 22 (+1) [Q1 2024]

2% more funds holding

Funds holding: 374 [Q4 2023] → 383 (+9) [Q1 2024]

0.36% more ownership

Funds ownership: 43.97% [Q4 2023] → 44.33% (+0.36%) [Q1 2024]

7% less call options, than puts

Call options by funds: $562M | Put options by funds: $605M

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$70

53%

upside

Avg. target

$70

53%

upside

High target

$70

53%

upside

1 analyst rating

0 positive

0%

0 neutral

0%

1 negative

100%

Barclays

Brian Morton

53%upside

$70

Underweight

Initiated

20 Mar 2024

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Financial journalist opinion

Based on 5 articles about BNS published over the past 30 days

My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys

Investment activity remained high in June, focusing on BDCs aiming to increase dividend income by at least $100 each month. Adjusted dividend income in June is up 27% Y/Y and 5% vs the previous quarter. Main portfolio picks included Ares Capital, Hercules Capital, Goldman Sachs BDC, and MidCap Financial Investment Corporation.

My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys

The Motley Fool

Is the Stock Market Going to Crash? I Don't Know.

With the S&P 500 index near all-time highs, the risk of a downturn in stocks seems elevated to me. Bank of Nova Scotia has a differentiated business model that isn't focused on the U.S. market.

Is the Stock Market Going to Crash? I Don't Know.

24/7 Wall Street

Want $5,000? Invest $10,000 in These 7 Dividend Stocks

24/7 Wall Street Insights An anticipated interest rate cut by the Federal Reserve to help the troubled real estate market will likely hike inflation further.

Want $5,000? Invest $10,000 in These 7 Dividend Stocks

Scotiabank: 3 Reasons To Buy This 7% Yielding Anti-Bubble Blue Chip

Bank of Nova Scotia offers ultra-yield, ultra-sleep-well-at-night bargains with a legendary history of income dependability. BNS has been paying uninterrupted dividends for 191 years, with no cuts in almost two centuries. Its A+ credit rating from Fitch, S&P, and Moody's means it's the 26th safest bank on earth. S&P rates its risk management 82% as "perfect" and in the top 80 companies on earth.

Scotiabank: 3 Reasons To Buy This 7% Yielding Anti-Bubble Blue Chip

2 Terrific 7-9% Yielding Gems For A Choppy Market

Owning a basket of stocks can reduce portfolio risk, but valuation risk should be considered. Diversification with dividend-paying value stocks across industries can mitigate sector downturns and individual stock risks. BCE Inc. and Scotiabank offer high yields, undervaluation, and strong market positions, making them attractive for income-focused investors.

2 Terrific 7-9% Yielding Gems For A Choppy Market

The Motley Fool

Want Decades of Passive Income? 2 Stocks to Buy Now and Hold Forever

Passive income can help supplement Social Security in retirement. Agree Realty is a net lease REIT with plenty of growth ahead of it.

Want Decades of Passive Income? 2 Stocks to Buy Now and Hold Forever

Scotiabank: A 7%-Yielding Blue Chip Dividend Stock To Buy Now

Scotiabank appears to be an interesting option for safe, outsized, and steadily growing income. The Canadian bank beat the analyst consensus for revenue and adjusted EPS in its fiscal Q2. BNS' Common Equity Tier 1 capital ratio meaningfully improved during the quarter.

Scotiabank: A 7%-Yielding Blue Chip Dividend Stock To Buy Now

The Motley Fool

2 Bank Stocks to Buy at a Discount

Canadian banks tend to have conservative businesses, but things don't always go perfectly. Toronto-Dominion is dealing with an ugly money-laundering probe that has investors worried.

2 Bank Stocks to Buy at a Discount

The Motley Fool

2 High-Yield Stocks That Are Screaming Buys in June

Stocks generally end up with high yields for a reason, but sometimes that reason is temporary. Bank of Nova Scotia is a major Canadian bank that is working to improve its business.

2 High-Yield Stocks That Are Screaming Buys in June

The Bank of Nova Scotia (BNS) TD Financial Services and Fintech Summit Conference (Transcript)

The Bank of Nova Scotia (NYSE:BNS ) TD Financial Services and Fintech Summit Conference June 6, 2024 9:45 AM ET Company Participants Francisco Aristeguieta - Group Head of International Banking Conference Call Participants Mario Mendonca - TD Securities Mario Mendonca Good morning, everyone. So now we've got Francisco, Head of Scotiabank's, Group Head of Scotiabank's International Banking.

The Bank of Nova Scotia (BNS) TD Financial Services and Fintech Summit Conference (Transcript)

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