Bank of Nova Scotia (BNS) is a publicly traded banks - diversified business based in Canada. It opened the day at C$63.2 after a previous close of C$63.15. During the day the price has varied from a low of C$63.1 to a high of C$63.67. The latest price was C$63.62 (25 minute delay). Bank of Nova Scotia is listed on the Toronto stock Exchange (TSX) and employs 89,249 staff. All prices are listed in Canadian dollars.
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Is it a good time to buy Bank of Nova Scotia stock?
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Use our graph to track the performance of BNS stocks over time.
Share price volatility
Over the last 12 months, Bank of Nova Scotia's shares have ranged in value from as little as C$53.4509 up to C$69.3082. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Bank of Nova Scotia's is 0.964. This would suggest that Bank of Nova Scotia's shares are less volatile than average (for this exchange).
Historical closes compared with the last close of C$63.62
1 week (2024-04-18)
-1.03%
1 month (2024-03-27)
-9.21%
3 months (2024-01-25)
1.99%
6 months (2023-10-26)
14.82%
1 year (2023-04-27)
-5.93%
2 years (2022-04-27)
-22.53%
3 years (2021-04-27)
-18.78%
5 years (2019-04-25)
-13.34%
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
Is Bank of Nova Scotia under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Bank of Nova Scotia P/E ratio, PEG ratio and EBITDA
Bank of Nova Scotia's current stock 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, Bank of Nova Scotia stocks trade at around 10x recent earnings.
Bank of Nova Scotia's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.4097. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Bank of Nova Scotia's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Forward annual dividend yield: 6.71% of stock value
Dividend payout ratio: 66.46% of net profits
Bank of Nova Scotia has recently paid out dividends equivalent to 6.71% of its share value annually.
Bank of Nova Scotia has paid out, on average, around 66.46% of recent 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), shareholders could enjoy a 6.71% return on their shares, in the form of dividend payments. In Bank of Nova Scotia's case, that would currently equate to about 4.21 per share.
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.
Bank of Nova Scotia's most recent dividend payout was on 25 April 2024. The latest dividend was paid out to all shareholders who bought their shares by 31 March 2024 (the "ex-dividend date").
Currently 0.031% of Bank of Nova Scotia shares are held by insiders and 49.454% by institutions.
Bank of Nova Scotia's fiscal year ends in October.
Bank of Nova Scotia's address is: 40 Temperance Street, Toronto, ON, Canada, M5H 0B4
Bank of Nova Scotia's shares were split on a 2:1 basis on 1 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 Bank of Nova Scotia shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Bank of Nova Scotia shares which in turn could have impacted Bank of Nova Scotia's share price.
It's as easy to sell Bank of Nova Scotia as it is to buy! Here's how to sell Bank of Nova Scotia stocks that you already own.
Open your investment app. If you've got one with desktop access, you can log in online
Go to your portfolio. This should be in the main menu
Find your shares. You may be able to search your portfolio
Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
Sell your Bank of Nova Scotia shares. Your investment platform will let you know when your shares are sold
Most dealing providers will let you use your debit card to top up your account and buy shares. The main ways are with a debit card, bank transfer or with Apple/Google Pay.
The easiest way to get hold of some Bank of Nova Scotia shares is to sign up for a stock trading app and place a market order or basic order. This type of order tells the platform that you're interested, so it'll try to execute it as quickly as it can. It could take some time for the order to go through, especially if there's a lot of volatility in Bank of Nova Scotia shares.
Bank of Nova Scotia financials
Revenue TTM
C$29.4 billion
Operating margin TTM
36.57%
Gross profit TTM
C$29.8 billion
Return on assets TTM
0.58%
Return on equity TTM
10.2%
Profit margin
26.75%
Book value
C$57.26
Market capitalisation
C$77.8 billion
TTM: trailing 12 months
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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