Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$139.00 at Raymond James Financial

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price raised by Raymond James Financial from C$137.00 to C$139.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s target price would suggest a potential upside of 6.67% from the stock’s previous close.

A number of other brokerages have also issued reports on BNS. Barclays upped their target price on Bank of Nova Scotia from C$110.00 to C$130.00 in a research report on Friday, August 21st. Canaccord Genuity Group increased their price objective on shares of Bank of Nova Scotia from C$121.00 to C$127.00 and gave the company a “hold” rating in a research note on Wednesday. Royal Bank Of Canada raised their price objective on shares of Bank of Nova Scotia from C$98.00 to C$117.00 and gave the stock a “sector perform” rating in a report on Thursday, May 28th. Desjardins upped their target price on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Finally, TD increased their price target on shares of Bank of Nova Scotia from C$113.00 to C$124.00 and gave the stock a “hold” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$128.86.

Bank of Nova Scotia Stock Up 1.2%

Shares of TSE BNS traded up C$1.58 during trading on Wednesday, reaching C$130.31. 2,769,630 shares of the stock were exchanged, compared to its average volume of 4,175,932. Bank of Nova Scotia has a twelve month low of C$84.88 and a twelve month high of C$131.72. The company has a market capitalization of C$158.86 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The business’s 50-day moving average price is C$123.36 and its 200 day moving average price is C$110.70.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.The company had revenue of C$10.54 billion during the quarter. As a group, sell-side analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Trending Headlines about Bank of Nova Scotia

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

• Positive Sentiment: Record quarterly performance: Canadian Banking, Global Wealth Management, and Global Banking and Markets all delivered strong results. Margin expansion, fee growth, and stronger underwriting and advisory activity helped drive the earnings beat. BMO, Scotiabank top estimates as capital-markets units surge
• Positive Sentiment: Analyst upgrades support sentiment: National Bank upgraded Scotiabank to “Outperform,” arguing that the shares offer more than a value opportunity, while TD Securities raised its rating from “Hold” to “Strong Buy.” Scotiabank upgraded to Outperform at National Bank
• Positive Sentiment: Capital returns and balance sheet remain supportive: BNS reported a 13.1% CET1 ratio, repurchased 8.6 million shares during the quarter, and said it had returned C$6.3 billion to shareholders year to date through dividends and buybacks. Why Bank of Nova Scotia Stock Is Up Today
• Neutral Sentiment: Trade uncertainty remains a risk: BNS and BMO cautioned that tariff and trade disruptions could weigh on business activity, although companies appear to be adapting relatively well. BMO, Scotia signal caution, but say businesses adapting well to trade unrest
• Negative Sentiment: One valuation signal is less bullish: National Bank Financial assigned a C$128 price target with a “Sector Perform” rating, slightly below the recent trading level, suggesting limited near-term upside under that view. Bank of Nova Scotia Given a C$128 Price Target

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).