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

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) shares reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$134.78 and last traded at C$134.53, with a volume of 1,758,223 shares trading hands. The stock had previously closed at C$131.17.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BNS shares. Barclays raised their price objective on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a research note on Friday, August 21st. Bank of America raised their target price on shares of Bank of Nova Scotia from C$131.00 to C$134.00 in a research note on Wednesday, August 26th. Royal Bank Of Canada boosted their price target on Bank of Nova Scotia from C$117.00 to C$129.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 26th. Desjardins set a C$130.00 price target on Bank of Nova Scotia and gave the stock a “hold” rating in a report on Wednesday, September 2nd. Finally, National Bank Financial upgraded shares of Bank of Nova Scotia from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$128.00 to C$142.00 in a research report on Wednesday, August 26th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$129.50.

Bank of Nova Scotia Price Performance

The company has a market cap of C$157.63 billion, a PE ratio of 16.93, a PEG ratio of 1.33 and a beta of 1.14. The stock’s 50-day moving average is C$129.72 and its 200 day moving average is C$115.04.

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 firm had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. On average, analysts expect that The Bank of Nova Scotia will post 7.13 EPS for the current year.

Bank of Nova Scotia Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 28th were issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, October 6th. Bank of Nova Scotia’s dividend payout ratio is presently 58.04%.

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).