Bank of Nova Scotia (TSE:BNS) Hits New 52-Week High – Here’s Why

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) reached a new 52-week high on Monday . The company traded as high as C$118.94 and last traded at C$117.85, with a volume of 952851 shares trading hands. The stock had previously closed at C$117.43.

Wall Street Analysts Forecast Growth

BNS has been the topic of several analyst reports. Raymond James Financial boosted their target price on Bank of Nova Scotia from C$120.00 to C$121.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Royal Bank Of Canada raised their price target on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a report on Thursday, May 28th. Canaccord Genuity Group lowered their price target on Bank of Nova Scotia from C$112.00 to C$111.00 and set a “hold” rating for the company in a research report on Friday, June 5th. Jefferies Financial Group upped their price target on shares of Bank of Nova Scotia from C$104.00 to C$105.00 in a research note on Wednesday, May 20th. Finally, National Bank Financial increased their price objective on shares of Bank of Nova Scotia from C$100.00 to C$106.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. One equities research 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 has an average rating of “Hold” and an average target price of C$110.77.

Bank of Nova Scotia Stock Performance

The firm has a 50-day moving average of C$106.39 and a 200-day moving average of C$102.43. The firm has a market capitalization of C$144.82 billion, a P/E ratio of 16.29, a PEG ratio of 1.33 and a beta of 1.32.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.The business had revenue of C$9.85 billion during the quarter. On average, research 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 28th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, April 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 60.69%.

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).