Bank of Nova Scotia (TSE:BNS) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target lifted by analysts at Canadian Imperial Bank of Commerce from C$116.00 to C$122.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the bank’s stock. Canadian Imperial Bank of Commerce’s price target suggests a potential upside of 10.75% from the stock’s previous close.

A number of other equities research analysts have also issued reports on BNS. Royal Bank Of Canada cut their price objective on shares of Bank of Nova Scotia from C$106.00 to C$98.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. Desjardins increased their target price on Bank of Nova Scotia from C$107.00 to C$108.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. UBS Group increased their target price on Bank of Nova Scotia from C$118.00 to C$120.00 in a research report on Wednesday, February 25th. Raymond James Financial increased their target price on Bank of Nova Scotia from C$117.00 to C$120.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group increased their target price on Bank of Nova Scotia from C$104.00 to C$105.00 in a research report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$110.54.

Bank of Nova Scotia Stock Performance

BNS traded down C$1.41 during trading on Thursday, reaching C$110.16. 2,339,742 shares of the company traded hands, compared to its average volume of 4,283,286. Bank of Nova Scotia has a 12-month low of C$72.30 and a 12-month high of C$113.57. The firm has a fifty day simple moving average of C$102.24 and a 200 day simple moving average of C$100.87. The company has a market cap of C$135.65 billion, a P/E ratio of 16.34, 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 Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. The business had revenue of C$9.85 billion during the quarter. As a group, sell-side analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia News Roundup

Here are the key news stories impacting Bank of Nova Scotia this week:

• Positive Sentiment: The Bank of Nova Scotia reported stronger-than-expected quarterly results, with C$2.02 EPS and C$9.84B in revenue, helped by solid performance in its Canadian and international businesses. Article Title
• Positive Sentiment: The bank raised its dividend by 3.6% to C$1.14 and maintained market-based DRIP purchases, a sign of confidence in its capital position and future earnings. Article Title
• Positive Sentiment: Scotiabank said foreign investors are showing renewed interest in Canada, which could support future capital flows and broader market sentiment toward the stock. Article Title
• Neutral Sentiment: The bank filed routine Form 6-K updates covering capitalization, earnings coverage ratios, and interim control certifications, which appear to be standard disclosure items rather than a new business catalyst. Article Title
• Neutral Sentiment: Additional Form 6-K filings highlighted strong earnings coverage ratios for the twelve months ended April 30, 2026, reinforcing balance-sheet strength but not changing the near-term story materially. Article Title

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).