Bank of Nova Scotia (TSE:BNS) Share Price Crosses Above 200 Day Moving Average – Here’s Why

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$119.21 and traded as high as C$132.28. Bank of Nova Scotia shares last traded at C$131.90, with a volume of 3,121,615 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BNS. Bank of America boosted their target price on shares of Bank of Nova Scotia from C$131.00 to C$134.00 in a report on Wednesday, August 26th. Raymond James Financial lifted their price objective on shares of Bank of Nova Scotia from C$137.00 to C$139.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. National Bank Financial raised 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. Jefferies Financial Group increased their price objective on Bank of Nova Scotia from C$119.00 to C$120.00 in a report on Thursday, September 3rd. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Bank of Nova Scotia from C$136.00 to C$137.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$129.50.

Bank of Nova Scotia Stock Down 0.6%

The company’s fifty day moving average is C$128.39 and its two-hundred day moving average is C$119.44. The stock has a market cap of C$158.18 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 1.33 and a beta of 1.21.

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

Bank of Nova Scotia Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 28th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, October 6th. Bank of Nova Scotia’s dividend payout ratio is presently 58.04%.

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).