Raymond James Financial Increases Bank of Nova Scotia (TSE:BNS) Price Target to C$117.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price boosted by equities research analysts at Raymond James Financial from C$114.00 to C$117.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the bank’s stock. Raymond James Financial’s price target would indicate a potential upside of 13.30% from the company’s current price.

Several other analysts also recently weighed in on BNS. BMO Capital Markets boosted 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 report on Wednesday. National Bank Financial upped their price target on shares of Bank of Nova Scotia from C$100.00 to C$102.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Canaccord Genuity Group raised their price target on shares of Bank of Nova Scotia from C$106.00 to C$112.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Bank of Nova Scotia from C$103.00 to C$108.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Finally, TD Securities increased their target price on shares of Bank of Nova Scotia from C$104.00 to C$112.00 in a report on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$107.42.

Bank of Nova Scotia Stock Down 0.0%

TSE:BNS traded down C$0.05 during midday trading on Wednesday, hitting C$103.27. The company had a trading volume of 1,867,298 shares, compared to its average volume of 4,335,239. The stock’s fifty day moving average price is C$102.24 and its 200-day moving average price is C$94.51. Bank of Nova Scotia has a 52-week low of C$62.57 and a 52-week high of C$106.39. The company has a market capitalization of C$127.67 billion, a PE ratio of 18.21, a P/E/G ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 earnings per share for the quarter. Bank of Nova Scotia had a net margin of 17.68% and a return on equity of 9.64%. The business had revenue of C$9.77 billion during the quarter. As a group, research analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Insider Activity at Bank of Nova Scotia

In related news, insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the sale, the insider directly owned 1,430 shares in the company, valued at C$143,886.60. The trade was a 72.21% decrease in their ownership of the stock. 0.03% of the stock is currently owned by insiders.

Key Headlines Impacting Bank of Nova Scotia

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

• Positive Sentiment: Q1 results showed broad-based earnings growth — Scotiabank reported roughly C$2.3B in net income with double?digit adjusted EPS growth, driven by strength across domestic and international businesses; management emphasized capital management and continued tech/AI investment. Scotiabank reports first quarter results
• Positive Sentiment: RBC Capital Markets raised its price target on BNS to C$106 (from C$97), signaling increased analyst confidence after the quarter. Bank of Nova Scotia Price Target Raised to $106 at RBC
• Positive Sentiment: TD Cowen (Mario Mendonca) maintained a Buy rating with a C$112 price target, citing medium?term EPS growth potential and capital strength despite mixed near?term loan trends. Buy Rating on Bank of Nova Scotia Backed by Medium-Term EPS Growth and Capital Strength Despite Mixed Near-Term Loan Trends
• Positive Sentiment: Board declared a dividend payable April 28, 2026 (record April 7) — supports income investor interest and signals confidence in capital position. Scotiabank Announces Dividend on Outstanding Shares
• Positive Sentiment: Management reassured investors that Mexican operations remain stable with no material impact from local violence — reduces a key geopolitical/operational risk. Scotiabank says Mexico operations stable, no impact from violence
• Neutral Sentiment: Momentum/analyst commentary pieces highlight recent share?price strength and investor interest; useful context but not new company-specific catalysts. What Makes Bank of Nova Scotia (BNS) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: Pre-earnings coverage noted consumer stress trends heading into results — background macro risk to monitor but largely priced into recent guidance/quarter. Bank of Nova Scotia earnings on deck amid consumer stress
• Negative Sentiment: Some coverage flagged that revenues were down and provisions for credit losses (PCLs) edged up even as EPS beat — mixed quality of the quarter could limit upside if revenue trends persist. Scotiabank Lodges Big Q1 Earnings Beat, But Revs Lower and PCLs Edged Up

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank’s international operations span numerous countries and are more concentrated in Central and South America.