Bank of Nova Scotia (TSE:BNS) Hits New 1-Year High – Here’s Why

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$128.81 and last traded at C$128.18, with a volume of 2935824 shares trading hands. The stock had previously closed at C$120.29.

Wall Street Analysts Forecast Growth

BNS has been the subject of a number of research analyst reports. Raymond James Financial lifted their price objective on shares of Bank of Nova Scotia from C$121.00 to C$137.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Canadian Imperial Bank of Commerce increased their price objective on shares of Bank of Nova Scotia from C$122.00 to C$136.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Keefe, Bruyette & Woods set a C$148.00 price target on Bank of Nova Scotia and gave the company a “moderate buy” rating in a report on Friday. TD boosted their target price on shares of Bank of Nova Scotia from C$113.00 to C$124.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Finally, Jefferies Financial Group increased their target price on shares of Bank of Nova Scotia from C$112.00 to C$117.00 and gave the company a “hold” rating in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$121.64.

Bank of Nova Scotia Stock Up 7.0%

The business has a 50 day simple moving average of C$123.18 and a 200 day simple moving average of C$110.51. The company has a market capitalization of C$156.87 billion, a PE ratio of 17.75, a PEG ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share for the quarter. The business had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%. Equities analysts expect that The Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 29th were paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, July 7th. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $1.10. Bank of Nova Scotia’s dividend payout ratio (DPR) 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).