Bank of Nova Scotia (TSE:BNS) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of C$129.81 and traded as high as C$132.50. Bank of Nova Scotia shares last traded at C$131.77, with a volume of 4,457,589 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on BNS. Bank of America increased their target price on Bank of Nova Scotia from C$131.00 to C$134.00 in a research note on Wednesday, August 26th. Raymond James Financial raised their target price on Bank of Nova Scotia from C$137.00 to C$139.00 and gave the company an “outperform” rating in a report on Wednesday, August 26th. Desjardins lifted their target price on Bank of Nova Scotia from C$130.00 to C$133.00 and gave the company a “hold” rating in a research report on Wednesday. Barclays boosted their price target on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a research note on Friday, August 21st. Finally, National Bank Financial upgraded shares of Bank of Nova Scotia from a “hold” rating to an “outperform” rating and boosted their price target for the stock from C$128.00 to C$142.00 in a research note on Wednesday, August 26th. One investment 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’s stock. According to data from MarketBeat, Bank of Nova Scotia has a consensus rating of “Moderate Buy” and an average price target of C$129.71.

Bank of Nova Scotia Stock Performance

The company has a market cap of C$161.64 billion, a PE ratio of 17.36, a PEG ratio of 1.33 and a beta of 1.14. The company’s 50-day simple moving average is C$130.02 and its 200 day simple moving average is C$115.62.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.28 EPS for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. The business had revenue of C$10.54 billion during the quarter. Analysts forecast that The Bank of Nova Scotia will post 7.13 EPS for the current year.

Bank of Nova Scotia Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Wednesday, October 28th were issued a $1.14 dividend. The ex-dividend date was Tuesday, October 6th. This represents a $4.56 dividend on an annualized basis and a yield of 3.4%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 58.04%.

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).