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How to buy The Bank of Nova Scotia stock in Canada | $78.90

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

The Bank of Nova Scotia
TO: BNS - CAD
BANKS-DIVERSIFIED
C$81.57
- C$0.28 ( - 0.34%)

The Bank of Nova Scotia (BNS) is a leading banks-diversified business based in Canada. It opened the day at CADC$78.35 after a previous close of CADC$77.93. During the day the price has varied from a low of CADC$78.28 to a high of CADC$79.23. The latest price was CADC$78.9 (25 minute delay). The Bank of Nova Scotia is listed on the TO and employs 90,833 staff. All prices are listed in Canadian Dollars.

How to buy shares in The Bank of Nova Scotia

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – BNS – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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.

How has Coronavirus impacted The Bank of Nova Scotia's stock price?

Since the stock market crash in March caused by coronavirus, The Bank of Nova Scotia's stock price has had significant positive movement.

Its last market close was C$81.85, which is 9.30% up on its pre-crash value of C$74.24 and 76.48% up on the lowest point reached during the March crash when the stocks fell as low as C$46.38.

If you had bought C$1,000 worth of The Bank of Nova Scotia stocks at the start of February 2020, those stocks would have been worth C$646.60 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth C$1,132.80.

The Bank of Nova Scotia stock 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 2021-07-09.
OpenC$78.35
HighC$79.23
LowC$78.28
CloseC$78.90
Previous closeC$77.93
Change C$0.97
Change % 1.2447%
Volume 5,338,070
Information last updated 2021-10-17.
52-week rangeC$51.42 - C$80.50
50-day moving average C$78.18
200-day moving average C$79.06
Wall St. target priceC$87.59
PE ratio 11.1455
Dividend yield C$3.6 (4.55%)
Earnings per share (TTM) C$7.15

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The Bank of Nova Scotia price performance over time

Historical closes compared with the close of C$78.9 from 2021-10-20

1 week (2021-10-14) -0.21%
1 month (2021-09-22) 2.29%
3 months (2021-07-22) 1.96%
6 months (2021-04-22) 1.79%
1 year (2020-10-21) 41.83%
2 years (2019-10-21) 4.79%
3 years (2018-10-19) 10.86%
5 years (2016-10-21) 10.74%

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 11x. In other words, The Bank of Nova Scotia shares trade at around 11x recent earnings.

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 1.42. 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

Revenue TTM C$28.3 billion
Operating margin TTM 42.06%
Gross profit TTM C$25.3 billion
Return on assets TTM 0.8%
Return on equity TTM 13.02%
Profit margin 31.69%
Book value C$56.97
Market capitalisation C$96.8 billion

TTM: trailing 12 months

Shorting The Bank of Nova Scotia shares

There are currently 44.9 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 4.4% down from 47.0 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 4.6 million). The Bank of Nova Scotia's SIR currently stands at 9.73. In other words for every 100,000 The Bank of Nova Scotia shares traded daily on the market, roughly 9730 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 0.04% of the outstanding shares (for every 100,000 The Bank of Nova Scotia shares in existence, roughly 40 shares are currently held short) or 0.0374% of the tradable shares (for every 100,000 tradable The Bank of Nova Scotia shares, roughly 37 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.

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: 25.77

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 25.77 (as at 01/01/2019) is pretty good – landing it in it in the 40th 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: 2.99/100

The Bank of Nova Scotia's environmental score of 2.99 puts it squarely in the 5th 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: 12.48/100

The Bank of Nova Scotia's social score of 12.48 puts it squarely in the 5th 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: 13.8/100

The Bank of Nova Scotia's governance score puts it squarely in the 5th 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.

The Bank of Nova Scotia share dividends

50%

Dividend payout ratio: 49.72% of net profits

Recently The Bank of Nova Scotia has paid out, on average, around 49.72% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.52% 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 4.52% return on their shares, in the form of dividend payments. In The Bank of Nova Scotia's case, that would currently equate to about C$3.6 per share.

While The Bank of Nova Scotia's payout ratio might seem fairly standard, it's worth remembering that The Bank of Nova Scotia may be investing much of the rest of its net profits in future growth.

The Bank of Nova Scotia's most recent dividend payout was on 27 October 2021. The latest dividend was paid out to all shareholders who bought their shares by 4 October 2021 (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 2 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 C$51.4233 up to C$80.5032. A popular way to gauge a stock's volatility is its "beta".

BNS.TO 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 (TO average) beta is 1, while The Bank of Nova Scotia's is 0.8331. 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 also provides 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 952 branches and approximately 3,540 automated banking machines in Canada; and approximately 1,400 branches, 5,200 ATMs, and 22 contact centers internationally.

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Frequently asked questions

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