Bank of Nova Scotia (TSE:BNS) Sets New 12-Month High – Here’s Why

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) shares hit a new 52-week high on Monday . The company traded as high as C$113.60 and last traded at C$112.99, with a volume of 168014 shares trading hands. The stock had previously closed at C$112.36.

Analyst Ratings Changes

A number of equities analysts have recently commented on BNS shares. BMO Capital Markets increased their price target on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Raymond James Financial lifted their price objective on shares of Bank of Nova Scotia from C$120.00 to C$121.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Barclays increased their target price 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, May 28th. Royal Bank Of Canada raised their price target on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a research report on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Bank of Nova Scotia from C$116.00 to C$122.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$110.77.

Bank of Nova Scotia Stock Up 0.4%

The company has a 50-day simple moving average of C$104.46 and a two-hundred day simple moving average of C$101.70. The stock has a market cap of C$138.28 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.33 and a beta of 1.32.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. The business had revenue of C$9.85 billion for the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. As a group, sell-side analysts forecast that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 28th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, April 7th. Bank of Nova Scotia’s dividend payout ratio is currently 60.69%.

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).