TD Issues Positive Forecast for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective boosted by stock analysts at TD from C$112.00 to C$113.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the bank’s stock. TD’s price target would suggest a potential upside of 2.58% from the company’s current price.

Several other analysts have also issued reports on BNS. Canadian Imperial Bank of Commerce increased their target price on Bank of Nova Scotia from C$116.00 to C$122.00 and gave the stock a “neutral” rating in a report on Thursday. UBS Group raised their price objective on Bank of Nova Scotia from C$118.00 to C$120.00 in a research note on Wednesday, February 25th. Jefferies Financial Group raised their price objective on Bank of Nova Scotia from C$104.00 to C$105.00 in a research note on Wednesday, May 20th. Barclays raised their price objective on Bank of Nova Scotia from C$108.00 to C$110.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, BMO Capital Markets raised their price objective on Bank of Nova Scotia from C$98.00 to C$101.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$110.54.

Bank of Nova Scotia Stock Down 1.3%

Shares of BNS traded down C$1.41 during trading hours on Thursday, hitting C$110.16. 2,339,742 shares of the company were exchanged, compared to its average volume of 4,283,286. The company has a market cap of C$135.65 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.33 and a beta of 1.23. Bank of Nova Scotia has a fifty-two week low of C$72.30 and a fifty-two week high of C$113.57. The firm’s fifty day moving average is C$102.24 and its 200 day moving average is C$100.87.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. The company had revenue of C$9.85 billion for the quarter. Bank of Nova Scotia had a return on equity of 10.41% and a net margin of 14.45%. Analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Key Stories Impacting Bank of Nova Scotia

Here are the key news stories impacting Bank of Nova Scotia this week:

• Positive Sentiment: The Bank of Nova Scotia reported stronger-than-expected quarterly results, with C$2.02 EPS and C$9.84B in revenue, helped by solid performance in its Canadian and international businesses. Article Title
• Positive Sentiment: The bank raised its dividend by 3.6% to C$1.14 and maintained market-based DRIP purchases, a sign of confidence in its capital position and future earnings. Article Title
• Positive Sentiment: Scotiabank said foreign investors are showing renewed interest in Canada, which could support future capital flows and broader market sentiment toward the stock. Article Title
• Neutral Sentiment: The bank filed routine Form 6-K updates covering capitalization, earnings coverage ratios, and interim control certifications, which appear to be standard disclosure items rather than a new business catalyst. Article Title
• Neutral Sentiment: Additional Form 6-K filings highlighted strong earnings coverage ratios for the twelve months ended April 30, 2026, reinforcing balance-sheet strength but not changing the near-term story materially. Article Title

About Bank of Nova Scotia

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: ‘for every future,’ we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).