Bank of Nova Scotia (TSE:BNS) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target boosted by Canaccord Genuity Group from C$121.00 to C$127.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the bank’s stock. Canaccord Genuity Group’s target price points to a potential downside of 2.54% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of Bank of Nova Scotia from C$122.00 to C$136.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods set a C$148.00 target price on shares of Bank of Nova Scotia and gave the stock a “moderate buy” rating in a report on Friday, August 21st. Raymond James Financial upped their price target on shares of Bank of Nova Scotia from C$121.00 to C$137.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Desjardins increased their price target on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Finally, TD increased their target price on Bank of Nova Scotia from C$113.00 to C$124.00 and gave the stock a “hold” rating in a research note 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$128.86.

Bank of Nova Scotia Stock Up 1.2%

Shares of BNS stock traded up C$1.58 during trading on Wednesday, reaching C$130.31. 2,769,630 shares of the company’s 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 firm’s fifty day moving average price is C$123.36 and its 200-day moving average price is C$110.70. The stock has a market capitalization of C$158.86 billion, a PE ratio of 17.97, a PEG ratio of 1.33 and a beta of 1.30.

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

Bank of Nova Scotia News Summary

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

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).