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How to buy The Bank of Nova Scotia stock

Own The Bank of Nova Scotia stock in just a few minutes.

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The Bank of Nova Scotia is a banks—diversified business based in the US. The Bank of Nova Scotia shares (BNS) are listed on the NYSE and all prices are listed in US Dollars. The Bank of Nova Scotia employs 95,369 staff and has a market cap (total outstanding shares value) of USD$49.1 billion.

How to buy shares in The Bank of Nova Scotia

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for The Bank of Nova Scotia Find the stock by name or ticker symbol: BNS. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until The Bank of Nova Scotia reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of The Bank of Nova Scotia, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of The Bank of Nova Scotia. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

The Bank of Nova Scotia share price

Use our graph to track the performance of BNS stocks over time.

The Bank of Nova Scotia shares at a glance

Information last updated 2020-09-25.
52-week rangeUSD$31.9382 - USD$58.22
50-day moving average USD$42.4597
200-day moving average USD$40.6752
Wall St. target priceUSD$71.51
PE ratio 9.8511
Dividend yield USD$2.72 (6.71%)
Earnings per share (TTM) USD$5.124

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy The Bank of Nova Scotia stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is The Bank of Nova Scotia under- or over-valued?

Valuing The Bank of Nova Scotia stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of The Bank of Nova Scotia's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

The Bank of Nova Scotia's P/E ratio

The Bank of Nova Scotia's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, The Bank of Nova Scotia shares trade at around 10x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

The Bank of Nova Scotia's PEG ratio

The Bank of Nova Scotia's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.48. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into The Bank of Nova Scotia's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

The Bank of Nova Scotia financials

Gross profit TTM USD$28 billion
Return on assets TTM 0.65%
Return on equity TTM 10.32%
Profit margin 27.41%
Book value $38.353
Market capitalisation USD$49.1 billion

TTM: trailing 12 months

Shorting The Bank of Nova Scotia shares

There are currently 7.3 million The Bank of Nova Scotia shares held short by investors – that's known as The Bank of Nova Scotia's "short interest". This figure is 7.2% up from 6.8 million last month.

There are a few different ways that this level of interest in shorting The Bank of Nova Scotia shares can be evaluated.

The Bank of Nova Scotia's "short interest ratio" (SIR)

The Bank of Nova Scotia's "short interest ratio" (SIR) is the quantity of The Bank of Nova Scotia shares currently shorted divided by the average quantity of The Bank of Nova Scotia shares traded daily (recently around 1.1 million). The Bank of Nova Scotia's SIR currently stands at 6.46. In other words for every 100,000 The Bank of Nova Scotia shares traded daily on the market, roughly 6460 shares are currently held short.

However The Bank of Nova Scotia's short interest can also be evaluated against the total number of The Bank of Nova Scotia shares, or, against the total number of tradable The Bank of Nova Scotia shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case The Bank of Nova Scotia's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 The Bank of Nova Scotia shares in existence, roughly 10 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable The Bank of Nova Scotia shares, roughly 0 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against The Bank of Nova Scotia.

Find out more about how you can short The Bank of Nova Scotia stock.

The Bank of Nova Scotia's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like The Bank of Nova Scotia.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

The Bank of Nova Scotia's total ESG risk score

Total ESG risk: 29.24

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and The Bank of Nova Scotia's overall score of 29.24 (as at 08/01/2020) is nothing to write home about – landing it in it in the 42nd percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like The Bank of Nova Scotia is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

The Bank of Nova Scotia's environmental score

Environmental score: 4.99/100

The Bank of Nova Scotia's environmental score of 4.99 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that The Bank of Nova Scotia is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

The Bank of Nova Scotia's social score

Social score: 14.48/100

The Bank of Nova Scotia's social score of 14.48 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that The Bank of Nova Scotia is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

The Bank of Nova Scotia's governance score

Governance score: 13.28/100

The Bank of Nova Scotia's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that The Bank of Nova Scotia is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

The Bank of Nova Scotia's controversy score

Controversy score: 3/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. The Bank of Nova Scotia scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that The Bank of Nova Scotia hasn't always managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

The Bank of Nova Scotia was last rated for ESG on: 2020-08-01.

Total ESG score 29.24
Total ESG percentile 41.92
Environmental score 4.99
Environmental score percentile 7
Social score 14.48
Social score percentile 7
Governance score 13.28
Governance score percentile 7
Level of controversy 3

The Bank of Nova Scotia share dividends

64%

Dividend payout ratio: 64.06% of net profits

Recently The Bank of Nova Scotia has paid out, on average, around 64.06% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.71% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), The Bank of Nova Scotia shareholders could enjoy a 6.71% return on their shares, in the form of dividend payments. In The Bank of Nova Scotia's case, that would currently equate to about $2.72 per share.

The Bank of Nova Scotia's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The Bank of Nova Scotia's most recent dividend payout was on 28 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 5 October 2020 (the "ex-dividend date").

Have The Bank of Nova Scotia's shares ever split?

The Bank of Nova Scotia's shares were split on a 2:1 basis on 29 April 2004. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your The Bank of Nova Scotia shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for The Bank of Nova Scotia shares which in turn could have impacted The Bank of Nova Scotia's share price.

The Bank of Nova Scotia share price volatility

Over the last 12 months, The Bank of Nova Scotia's shares have ranged in value from as little as $31.9382 up to $58.22. A popular way to gauge a stock's volatility is its "beta".

BNS.US volatility(beta: 0.83)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while The Bank of Nova Scotia's is 0.8328. This would suggest that The Bank of Nova Scotia's shares are less volatile than average (for this exchange).

The Bank of Nova Scotia overview

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management segments. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small businesses and commercial customers, including automotive financing solutions to dealers and their customers. It is also involved in the provision of wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides Internet, mobile, and telephone banking services. The company operates a network of 950 branches and approximately 3,650 automated banking machines in Canada; and approximately 1,900 branches and 5,500 ATMs internationally, as well as contact centers. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.

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