Bank of Nova Scotia's stock has seen a slight increase in recent trading, but overall trends suggest a cautious outlook.
This week, Bank of Nova Scotia (BNS.TO) closed at C$122.31, up 0.70% for the day but down 2.04% over the week. The bank's performance is influenced by macroeconomic factors and its financial strategies.
Investor takeaway: Keep an eye on how Bank of Nova Scotia navigates the current economic landscape and what that means for future earnings.
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Bank of Nova Scotia
BNS.TO
BNS.TO
Bank of Nova Scotia
WealthAwesomeMarket cap
$149.89B
P/E
16.9x
Div. yield
3.61%
Div. / share
$4.40
52W high
$126.87
52W low
$72.84
1W change
-2.04%
Beta
1.21
Analyst Price Targets
Based on analyst covering BNS
Wall Street analysts forecast BNS stock price to fall 4.8% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$116.85
-4.8% Upside
Current Price
C$122.73
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BNS's historical volatility
30-Day Vol
17.4%
Annualized
90-Day Vol
17.2%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$146.72
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$130.26 | C$122.66 – C$138.33 |
| 60 trading days | C$138.25 | C$126.98 – C$150.51 |
| 90 trading days | C$146.72 | C$132.22 – C$162.82 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Bank of Nova Scotia's Year-to-Date Performance Surges 19.85%
Despite recent volatility, the bank's strong fundamentals, such as a P/E ratio of 16.93 and a market cap of about C$149.89 billion, indicate solid financial health.
Bull case
The bank's profit margin of 27.9% and a year-to-date performance increase of 19.85% show its resilience and potential for growth.
Bear case
Analysts have a neutral outlook, and there’s an implied move to a target that suggests a potential decline. This calls for caution among investors considering entry points.
Recent Price Action
Bank of Nova Scotia's stock closed at C$122.31 on Monday, reflecting a 0.70% gain for the day. However, it has declined by 2.04% over the past week, indicating some volatility. Year-to-date, the stock is still performing well with a notable increase of 19.85%.
Company News
Recent announcements include the interest rate reset on its Fixed Rate Resetting Limited Recourse Capital Notes, Series 1, and insights on expected contributions from KeyCorp's second-quarter earnings. Additionally, Scotia Global Asset Management has announced cash distributions for Scotia ETFs, while a recent report on inflation expectations suggests limited implications for the central bank.
Technical Picture
Technical indicators for Bank of Nova Scotia reveal a 50-day moving average of C$117.88, which is 3.8% above the current price, indicating a bullish trend in the short term. The 200-day moving average stands at C$103.71, showing a significant 17.9% increase compared to the current price. The stock's 52-week range is from C$72.84 to C$126.87, with the current price at 92% of that range. The stock's beta is 1.21, suggesting it’s more volatile than the market.
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