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

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BNS shares. BMO Capital Markets boosted their price objective on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Barclays increased their target price 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 report on Thursday, May 28th. Canaccord Genuity Group cut their target price on Bank of Nova Scotia from C$112.00 to C$111.00 and set a “hold” rating on the stock in a research note on Friday, June 5th. Desjardins boosted their price target on Bank of Nova Scotia from C$108.00 to C$115.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, National Bank Financial upped their price target on 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 research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$110.77.

Bank of Nova Scotia Stock Performance

The company has a 50-day simple moving average of C$106.39 and a two-hundred day simple 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 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 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. As a group, research analysts forecast that The Bank of Nova Scotia will post 7.1286267 earnings per share 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 paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $4.40 annualized dividend and a yield of 3.7%. Bank of Nova Scotia’s payout ratio is presently 60.69%.

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).