Bank of Nova Scotia (TSE:BNS) Hits New 52-Week High – What’s Next?

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$118.94 and last traded at C$117.85, with a volume of 952851 shares traded. The stock had previously closed at C$117.43.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. TD Securities cut shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and dropped their price target for the company from C$112.00 to C$111.00 in a research report on Tuesday, March 3rd. Canaccord Genuity Group dropped their price target on shares of Bank of Nova Scotia from C$112.00 to C$111.00 and set a “hold” rating for the company in a research report on Friday, June 5th. National Bank Financial lifted their price target on shares of Bank of Nova Scotia from C$100.00 to C$106.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Finally, Desjardins lifted their price target on shares of Bank of Nova Scotia from C$108.00 to C$115.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Bank of Nova Scotia presently has an average rating of “Hold” and an average price target of C$110.77.

Bank of Nova Scotia Stock Up 1.8%

The stock has a market cap of C$149.39 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.33 and a beta of 1.32. The business’s fifty day moving average is C$107.24 and its two-hundred day moving average is C$102.75.

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

Bank of Nova Scotia Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th were issued a $1.10 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $4.40 annualized dividend and a dividend yield of 3.6%. Bank of Nova Scotia’s dividend payout ratio is presently 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).