Bank of Nova Scotia (TSE:BNS) Hits New 52-Week High – Still a Buy?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$113.60 and last traded at C$112.99, with a volume of 168014 shares trading hands. The stock had previously closed at C$112.36.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BNS. TD boosted their price target on Bank of Nova Scotia from C$112.00 to C$113.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. TD Securities cut Bank of Nova Scotia from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$112.00 to C$111.00 in a research report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce lifted their price objective on Bank of Nova Scotia from C$116.00 to C$122.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Royal Bank Of Canada boosted their target price on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 28th. Finally, Canaccord Genuity Group lowered their target price on shares of 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. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$110.77.

Bank of Nova Scotia Stock Up 0.4%

The company has a market cap of C$138.28 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.33 and a beta of 1.32. The business has a fifty day simple moving average of C$104.46 and a two-hundred day simple moving average of C$101.70.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. The firm had revenue of C$9.85 billion during the quarter. On average, equities analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 28th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, April 7th. Bank of Nova Scotia’s dividend payout ratio is currently 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).