Bank of Nova Scotia (TSE:BNS) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$107.79 and traded as high as C$124.25. Bank of Nova Scotia shares last traded at C$121.14, with a volume of 2,547,722 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BNS. Raymond James Financial increased their price target on shares of Bank of Nova Scotia from C$120.00 to C$121.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Bank of Nova Scotia from C$116.00 to C$122.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Desjardins upped their price objective on shares of Bank of Nova Scotia from C$108.00 to C$115.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Canaccord Genuity Group upped their price objective on shares of Bank of Nova Scotia from C$111.00 to C$121.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. Finally, TD increased their target price on shares of Bank of Nova Scotia from C$112.00 to C$113.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$111.54.

Bank of Nova Scotia Stock Down 0.1%

The stock has a market cap of C$149.91 billion, a P/E ratio of 16.96, a PEG ratio of 1.33 and a beta of 1.29. The business has a 50-day simple moving average of C$119.45 and a 200-day simple moving average of C$107.95.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS 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$9.85 billion for the quarter. On average, analysts predict that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 29th were issued a dividend of $1.14 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10. Bank of Nova Scotia’s payout ratio is currently 60.69%.

Bank of Nova Scotia Company Profile

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).