Bank of Nova Scotia BNS

Morningstar Rating
$91.19 +0.52 (0.57%)
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Company Report

Scotiabank Made Progress Toward Its Medium-Term Targets

Bank of Nova Scotia is the third-largest Canada-based bank by assets. It is Canada’s most international bank, as it derives a little over half of its revenue from Canada, over 40% from international operations (primarily Latin America), and a high-single-digit percentage from the US. Scotiabank’s Latin America exposure gives the bank the potential for higher growth and return opportunities compared with peers, but it also exposes the bank to more risks, as we saw during the pandemic. The bank has been reworking its Latin America footprint, reducing exposure that is less favorable and also aiming to achieve larger scale in some countries. We would like to see Scotiabank reach better risk-adjusted margins in these markets as credit costs often weigh on the bank’s total returns. International loan growth was still lackluster in 2026, but segment return on equity has improved by 260 basis points compared with two years ago.

Price vs Fair Value

BNS is trading at a LOCK|h?wj^J! premium.
Price
$90.67
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

The bank’s incremental capital allocated to Canada should allow it to earn more domestic share and improve its return profile.

Bears

Scotiabank's loan growth has lagged its Canadian peers for the past several quarters, and it's hard to tell when the bank will see an acceleration in loan growth.

News

Trading Information

Previous Close Price
$90.67
Day Range
$90.46–91.66
52-Week Range
$62.98–95.74
Bid/Ask
$91.20 / $91.72
Shares Outstanding
1.22B
Market Cap
$110.96B
Volume/Avg
1M / 2M

Key Statistics

Price/Earnings (Normalized)
15.18
Price/Sales
3.94
Dividend Yield (Trailing)
3.54%
Dividend Yield (Forward)
3.53%
Dividend Payment Schedule
Jan, Apr, Jul, Oct
Total Yield
5.17%

Company Profile

Bank of Nova Scotia is a global financial-services provider with over CAD 1.5 trillion in assets as of the end of July 2026. It has four major business segments: Canadian banking, international banking, global wealth management, and global banking and markets. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Latin America.
Sector
Financial Services
Industry
Banks - Diversified
Stock Style Box
Large Core
Total Number of Employees
79,740

Competitors

Valuation

Metric
BNS
RY
TD
Price/Earnings (Normalized)
15.1816.3316.67
Price/Book Value
1.952.832.36
Price/Sales
3.945.334.20
Price/Cash Flow
10.1012.9412.05
Price/Earnings
BNS
RY
TD

Financial Strength

Metric
BNS
RY
TD
Quick Ratio
———
Current Ratio
———
Interest Coverage
———
Quick Ratio
No chart available

Profitability

Metric
BNS
RY
TD
Return on Assets (Normalized)
0.69%0.97%0.79%
Return on Equity (Normalized)
13.24%17.83%14.32%
Return on Invested Capital (Normalized)
———
Return on Assets
BNS
RY
TD

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