Is Bank of Nova Scotia Stock a Good Investment?
Bank of Nova Scotia Investment Advice | BNS |
- Examine Bank of Nova Scotia's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Bank of Nova Scotia's leadership team and their track record. Good management can help Bank of Nova Scotia navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Diversified Banks space and any emerging trends that could impact Bank of Nova Scotia's business and its evolving consumer preferences.
- Compare Bank of Nova Scotia's performance and market position to its competitors. Analyze how Bank of Nova Scotia is positioned in terms of product offerings, innovation, and market share.
- Check if Bank of Nova Scotia pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Bank of Nova Scotia's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Bank of Nova stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Bank of Nova is a good investment.
Sell | Buy |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Inconclusive | Details |
Examine Bank of Nova Scotia Stock
Researching Bank of Nova Scotia's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 50.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.24. Some equities with similar Price to Book (P/B) outperform the market in the long run. Bank of Nova Scotia has Price/Earnings To Growth (PEG) ratio of 1.49. The entity last dividend was issued on the 7th of January 2025. The firm had 2:1 split on the 29th of April 2004.
To determine if Bank of Nova Scotia is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Bank of Nova Scotia's research are outlined below:
| Bank of Nova Scotia generated a negative expected return over the last 90 days | |
| Bank of Nova Scotia has a poor financial position based on the latest SEC disclosures | |
| On 29th of January 2025 Bank of Nova Scotia paid $ 0.7536 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Foreign Exchange Market to Grow by USD 582 Billion from 2025-2029, Driven by Urbanization Digitalization, Report on AIs Impact on Market Trends - Technavio |
Bank of Nova Scotia uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Bank of Nova. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Bank of Nova Scotia's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 22nd of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 26th of November 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of October 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Bank of Nova Scotia's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Bank of Nova Scotia's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2000-06-01 | 2000-04-30 | 0.4 | 0.44 | 0.04 | 10 | ||
2006-12-08 | 2006-10-31 | 0.78 | 0.86 | 0.08 | 10 | ||
2004-11-30 | 2004-10-31 | 0.6 | 0.51 | -0.09 | 15 | ||
2009-05-28 | 2009-04-30 | 0.79 | 0.9 | 0.11 | 13 | ||
2010-03-09 | 2010-01-31 | 0.81 | 0.93 | 0.12 | 14 | ||
2008-12-02 | 2008-10-31 | 0.74 | 0.86 | 0.12 | 16 | ||
2020-12-01 | 2020-10-31 | 1.24 | 1.45 | 0.21 | 16 | ||
2022-05-25 | 2022-04-30 | 1.95 | 2.18 | 0.23 | 11 |
Bank of Nova Scotia Target Price Consensus
Bank target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Bank of Nova Scotia's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 15 | Buy |
Most Bank analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Bank stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Bank of Nova Scotia, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationBank of Nova Scotia Target Price Projection
Bank of Nova Scotia's current and average target prices are 51.23 and 54.86, respectively. The current price of Bank of Nova Scotia is the price at which Bank of Nova is currently trading. On the other hand, Bank of Nova Scotia's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Bank of Nova Scotia Market Quote on 17th of February 2025
Target Price
Analyst Consensus On Bank of Nova Scotia Target Price
Bank of Nova Scotia Analyst Ratings
Bank of Nova Scotia's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Bank of Nova Scotia stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Bank of Nova Scotia's financials, market performance, and future outlook by experienced professionals. Bank of Nova Scotia's historical ratings below, therefore, can serve as a valuable tool for investors.Know Bank of Nova Scotia's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Bank of Nova Scotia is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bank of Nova backward and forwards among themselves. Bank of Nova Scotia's institutional investor refers to the entity that pools money to purchase Bank of Nova Scotia's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Goldman Sachs Group Inc | 2024-09-30 | 13.7 M | Norges Bank | 2024-12-31 | 12.9 M | Jpmorgan Chase & Co | 2024-09-30 | 12 M | Healthcare Of Ontario Pension Plan Trust Fund | 2024-09-30 | 11.8 M | Jarislowsky Fraser Ltd | 2024-12-31 | 11.8 M | Cibc Global Asset Management Inc | 2024-12-31 | 10.3 M | Connor Clark & Lunn Inv Mgmt Ltd | 2024-12-31 | 8.1 M | Legal & General Group Plc | 2024-12-31 | 7.5 M | Beutel, Goodman & Company Ltd. | 2024-12-31 | 6.5 M | Royal Bank Of Canada | 2024-09-30 | 102.6 M | Bank Of Montreal | 2024-09-30 | 60.3 M |
Bank of Nova Scotia's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 69.72 B.Market Cap |
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Bank of Nova Scotia's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.01 | 0.01 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.11 | 0.15 |
Determining Bank of Nova Scotia's profitability involves analyzing its financial statements and using various financial metrics to determine if Bank of Nova Scotia is a good buy. For example, gross profit margin measures Bank of Nova Scotia's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Bank of Nova Scotia's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Bank of Nova Scotia's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Bank of Nova. Check Bank of Nova Scotia's Beneish M Score to see the likelihood of Bank of Nova Scotia's management manipulating its earnings.
Evaluate Bank of Nova Scotia's management efficiency
At this time, Bank of Nova Scotia's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.01 in 2025, whereas Return On Capital Employed is likely to drop 0.01 in 2025. At this time, Bank of Nova Scotia's Non Current Assets Total are comparatively stable compared to the past year. Net Tangible Assets is likely to gain to about 82.5 B in 2025, despite the fact that Non Currrent Assets Other are likely to grow to (255.5 B). Bank of Nova Scotia's management efficiency ratios could be used to measure how well Bank of Nova Scotia manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 61.52 | 64.59 | |
| Tangible Book Value Per Share | 49.19 | 51.65 | |
| Enterprise Value Over EBITDA | 20.54 | 21.56 | |
| Price Book Value Ratio | 1.23 | 1.83 | |
| Enterprise Value Multiple | 20.54 | 21.56 | |
| Price Fair Value | 1.23 | 1.83 | |
| Enterprise Value | 58.6 B | 61.5 B |
Leadership effectiveness at Bank of Nova is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Basic technical analysis of Bank Stock
As of the 17th of February 2025, Bank of Nova Scotia shows the Mean Deviation of 0.6901, standard deviation of 1.01, and Risk Adjusted Performance of (0.03). Bank of Nova Scotia technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Bank of Nova Scotia variance and potential upside to decide if Bank of Nova Scotia is priced correctly, providing market reflects its regular price of 51.23 per share. Given that Bank of Nova Scotia has information ratio of (0.06), we suggest you to validate Bank of Nova's prevailing market performance to make sure the company can sustain itself at a future point.Bank of Nova Scotia's Outstanding Corporate Bonds
Bank of Nova Scotia issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Bank of Nova Scotia uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Bank bonds can be classified according to their maturity, which is the date when Bank of Nova has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Bank of Nova Scotia's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Bank of Nova Scotia's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.33) | |||
| Mean Deviation | 0.6901 | |||
| Coefficient Of Variation | (1,982) | |||
| Standard Deviation | 1.01 | |||
| Variance | 1.03 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.34) | |||
| Maximum Drawdown | 5.93 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.44 | |||
| Skewness | (1.00) | |||
| Kurtosis | 2.93 |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.33) | |||
| Mean Deviation | 0.6901 | |||
| Coefficient Of Variation | (1,982) | |||
| Standard Deviation | 1.01 | |||
| Variance | 1.03 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.34) | |||
| Maximum Drawdown | 5.93 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.44 | |||
| Skewness | (1.00) | |||
| Kurtosis | 2.93 |
Consider Bank of Nova Scotia's intraday indicators
Bank of Nova Scotia intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Bank of Nova Scotia stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Bank of Nova Scotia Corporate Filings
FWP | 14th of February 2025 A written communication used by offering participants to offer securities to the public or to solicit securities transactions. | ViewVerify |
| 11th of February 2025 Prospectus used primarily for registering securities for public sale. | ViewVerify | |
6K | 29th of January 2025 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 27th of January 2025 Other Reports | ViewVerify |
Bank Stock media impact
Far too much social signal, news, headlines, and media speculation about Bank of Nova Scotia that are available to investors today. That information is available publicly through Bank media outlets and privately through word of mouth or via Bank internal channels. However, regardless of the origin, that massive amount of Bank data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Bank of Nova Scotia news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Bank of Nova Scotia relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Bank of Nova Scotia's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Bank of Nova Scotia alpha.
Bank of Nova Scotia Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Bank of Nova Scotia can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Bank of Nova Scotia Historical Investor Sentiment
Investor biases related to Bank of Nova Scotia's public news can be used to forecast risks associated with an investment in Bank. The trend in average sentiment can be used to explain how an investor holding Bank can time the market purely based on public headlines and social activities around Bank of Nova. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Bank of Nova Scotia's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Bank of Nova Scotia and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Bank of Nova Scotia news discussions. The higher the estimate score, the more favorable the investor's outlook on Bank of Nova Scotia.
Bank of Nova Scotia Maximum Pain Price Across March 21st 2025 Option Contracts
Bank of Nova Scotia's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Bank of Nova Scotia close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Bank of Nova Scotia's options.
Bank of Nova Scotia Corporate Directors
| Susan Segal | Independent Director | Profile | |
| Nora Aufreiter | Independent Director | Profile | |
| Tiff Macklem | Independent Director | Profile | |
| Michael Penner | Independent Director | Profile |
Additional Tools for Bank Stock Analysis
When running Bank of Nova Scotia's price analysis, check to measure Bank of Nova Scotia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Nova Scotia is operating at the current time. Most of Bank of Nova Scotia's value examination focuses on studying past and present price action to predict the probability of Bank of Nova Scotia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Nova Scotia's price. Additionally, you may evaluate how the addition of Bank of Nova Scotia to your portfolios can decrease your overall portfolio volatility.