TD Forecasts Strong Price Appreciation for Bank of Nova Scotia (TSE:BNS) Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by equities research analysts at TD from C$112.00 to C$113.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the bank’s stock. TD’s price target would suggest a potential upside of 2.58% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets boosted their price target on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. Raymond James Financial boosted their price target on shares of Bank of Nova Scotia from C$120.00 to C$121.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group boosted their price target on shares of Bank of Nova Scotia from C$118.00 to C$120.00 in a research report on Wednesday, February 25th. National Bank Financial boosted their price target on shares of Bank of Nova Scotia from C$100.00 to C$106.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Finally, Barclays boosted their price target on shares of Bank of Nova Scotia from C$108.00 to C$110.00 and gave the stock an “equal weight” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Hold” and a consensus price target of C$110.54.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock traded down C$1.41 during midday trading on Thursday, reaching C$110.16. The company had a trading volume of 2,339,742 shares, compared to its average volume of 4,283,286. The stock has a fifty day moving average price of C$102.24 and a 200 day moving average price of C$100.87. The firm has a market cap of C$135.65 billion, a PE ratio of 16.34, a P/E/G ratio of 1.33 and a beta of 1.23. Bank of Nova Scotia has a fifty-two week low of C$72.30 and a fifty-two week high of C$113.57.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. The firm had revenue of C$9.85 billion during the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. As a group, sell-side analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia News Summary

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

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).