Bank of Nova Scotia (TSE:BNS) Upgraded at TD

TD upgraded shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) from a hold rating to a buy rating in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have C$141.00 price target on the bank’s stock, up from their previous price target of C$124.00.

A number of other brokerages have also recently commented on BNS. Canadian Imperial Bank of Commerce lifted their price target on Bank of Nova Scotia from C$122.00 to C$136.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Canaccord Genuity Group lifted their target price on Bank of Nova Scotia from C$121.00 to C$127.00 and gave the stock a “hold” rating in a report on Wednesday. TD Securities upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. National Bank Financial set a C$128.00 price target on shares of Bank of Nova Scotia and gave the stock a “sector perform” rating in a report on Monday, August 24th. Finally, Keefe, Bruyette & Woods set a C$148.00 price target on shares of Bank of Nova Scotia and gave the stock a “moderate buy” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Bank of Nova Scotia has an average rating of “Moderate Buy” and an average price target of C$128.86.

Bank of Nova Scotia Trading Down 0.4%

TSE BNS opened at C$128.36 on Wednesday. Bank of Nova Scotia has a 12-month low of C$85.07 and a 12-month high of C$131.72. The company has a fifty day simple moving average of C$123.74 and a two-hundred day simple moving average of C$111.18. The stock has a market cap of C$156.45 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, August 25th. The bank reported C$2.28 earnings per share for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. The firm had revenue of C$10.54 billion for the quarter. As a group, sell-side analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 29th were given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10. The ex-dividend date was Tuesday, July 7th. Bank of Nova Scotia’s payout ratio is currently 60.69%.

Key Bank of Nova Scotia News

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

• Positive Sentiment: TD Securities upgraded BNS to “Buy,” signaling increased confidence in the bank’s earnings outlook and potential for further share-price appreciation. Bank of Nova Scotia Upgraded at TD Securities TD Upgrades Bank of Nova Scotia to Buy
• Positive Sentiment: National Bank Financial raised BNS to “Outperform,” while analysts at Keefe, Bruyette & Woods and Raymond James indicated that the stock could rise. These calls reinforce a generally constructive view among financial-sector analysts. BNS Raised to Outperform at National Bank Financial BNS Stock Price Expected to Rise, Keefe Bruyette and Woods BNS Stock Price Expected to Rise, Raymond James
• Positive Sentiment: Royal Bank of Canada, Bank of America and Canaccord Genuity published forecasts calling for strong price appreciation, adding to the evidence that some analysts see upside from current levels. Royal Bank of Canada Forecasts Strong Price Appreciation for BNS Bank of America Forecasts Strong Price Appreciation for BNS Canaccord Genuity Forecasts Strong Price Appreciation for BNS
• Neutral Sentiment: Canaccord Genuity separately assigned BNS a “Hold” rating, indicating that the firm sees balanced risk and reward rather than a clear catalyst for immediate outperformance. Bank of Nova Scotia Gets a Hold from Canaccord Genuity

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).