Bank Of Nova Stock Today

BNS Stock  USD 51.78  0.62  1.21%   

Performance

9 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Bank of Nova Scotia is selling for under 51.78 as of the 29th of March 2024; that is 1.21 percent up since the beginning of the trading day. The stock's lowest day price was 51.09. Bank of Nova Scotia has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Bank Of Nova are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Banks
IPO Date
13th of September 1999
Category
Financial Services
Classification
Financials
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada. The company has 1.22 B outstanding shares of which 25.55 M shares are currently shorted by investors with about 12.14 days to cover. More on Bank Of Nova

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Bank Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Bank of Nova Scotia's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Bank of Nova Scotia or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Bank of Nova Scotia's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Bank of Nova Scotia's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOBrian Porter
Old NameBeni Stabili SpA SIIQ
Business ConcentrationDiversified Banks, Banks - Diversified, Financial Services, NYSE Composite, Financials, Banks, Banks—Diversified, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering Bank of Nova Scotia report their recommendations after researching Bank of Nova Scotia's financial statements, talking to executives and customers, or listening in on Bank of Nova Scotia's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Bank of Nova Scotia. The Bank consensus assessment is calculated by taking the average forecast from all of the analysts covering Bank of Nova Scotia.
Bank of Nova Scotia's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Bank of Nova Scotia's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Bank of Nova Scotia's financial leverage. It provides some insight into what part of Bank of Nova Scotia's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Bank of Nova Scotia's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Bank of Nova Scotia deploys its capital and how much of that capital is borrowed.
Liquidity
Bank of Nova Scotia cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 313.81 B in debt with debt to equity (D/E) ratio of 14.91, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Debt can assist Bank of Nova Scotia until it has trouble settling it off, either with new capital or with free cash flow. So, Bank of Nova Scotia's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bank of Nova Scotia sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bank to invest in growth at high rates of return. When we think about Bank of Nova Scotia's use of debt, we should always consider it together with cash and equity.

Capital Expenditures

1.26 Billion
Bank Of Nova (BNS) is traded on New York Stock Exchange in USA. It is located in 40 Temperance Street, Toronto, ON, Canada, M5H 0B4 and employs 89,249 people. Bank of Nova Scotia is listed under Diversified Banks category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 63.28 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bank of Nova Scotia's market, we take the total number of its shares issued and multiply it by Bank of Nova Scotia's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Bank of Nova Scotia runs under Banks sector within Financials industry. The entity has 1.22 B outstanding shares of which 25.55 M shares are currently shorted by investors with about 12.14 days to cover. Bank Of Nova has about 383.37 B in cash with 31.72 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 321.37.
Check Bank of Nova Scotia Probability Of Bankruptcy
Ownership Allocation
Bank of Nova Scotia retains a total of 1.22 Billion outstanding shares. 30% of Bank Of Nova outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Bank Ownership Details

Bank Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Bank of Nova Scotia jumping above the current price in 90 days from now is near 1%. The Bank Of Nova probability density function shows the probability of Bank of Nova Scotia stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.1208 suggesting Bank Of Nova market returns are related to returns on the market. As the market goes up or down, Bank of Nova Scotia is expected to follow. Additionally, bank Of Nova has an alpha of 0.0028, implying that it can generate a 0.002813 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 51.78HorizonTargetOdds Above 51.78
99.22%90 days
 51.78 
0.77%
Based on a normal probability distribution, the odds of Bank of Nova Scotia to move above the current price in 90 days from now is near 1 (This Bank Of Nova probability density function shows the probability of Bank Stock to fall within a particular range of prices over 90 days) .

Bank Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Bank of Nova Scotia that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Bank of Nova Scotia's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Bank of Nova Scotia's value.
InstituionRecorded OnShares
Jarislowsky Fraser Ltd2023-12-31
13.2 M
Healthcare Of Ontario Pension Plan Trust Fund2023-12-31
12.4 M
Legal & General Group Plc2023-12-31
9.3 M
Connor Clark & Lunn Inv Mgmt Ltd2023-12-31
8.8 M
Cibc Global Asset Management Inc2023-12-31
8.7 M
Goldman Sachs Group Inc2023-12-31
7.2 M
Jpmorgan Chase & Co2023-12-31
5.7 M
Dimensional Fund Advisors, Inc.2023-12-31
5.6 M
Amundi2023-12-31
4.8 M
Royal Bank Of Canada2023-12-31
102.5 M
Bank Of Montreal2023-12-31
72 M
View Bank of Nova Scotia Diagnostics

Bank of Nova Scotia Historical Income Statement

Bank Of Nova Income Statement is one of the three primary financial statements used for reporting Bank's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Bank of Nova Scotia revenue and expense. Bank of Nova Scotia Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Bank of Nova Scotia's Depreciation And Amortization is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 28.9 B in 2024, whereas Total Revenue is likely to drop slightly above 20.9 B in 2024. View More Fundamentals

Bank Stock Against Markets

Picking the right benchmark for Bank of Nova Scotia stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Bank of Nova Scotia stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Bank of Nova Scotia is critical whether you are bullish or bearish towards Bank Of Nova at a given time. Please also check how Bank of Nova Scotia's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bank of Nova Scotia without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Bank of Nova Scotia Corporate Directors

Bank of Nova Scotia corporate directors refer to members of a Bank of Nova Scotia board of directors. The board of directors generally takes responsibility for the Bank of Nova Scotia's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Bank of Nova Scotia's board members must vote for the resolution. The Bank of Nova Scotia board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ronald BrennemanIndependent DirectorProfile
Eduardo CortesNot independent DirectorProfile
Susan SegalIndependent DirectorProfile
Barbara ThomasIndependent DirectorProfile

How to buy Bank Stock?

Before investing in Bank of Nova Scotia, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Bank of Nova Scotia. To buy Bank of Nova Scotia stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Bank of Nova Scotia. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Bank of Nova Scotia stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Bank Of Nova stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Bank Of Nova stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Bank Of Nova, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Bank Stock please use our How to Invest in Bank of Nova Scotia guide.

Already Invested in Bank Of Nova?

The danger of trading Bank Of Nova is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bank of Nova Scotia is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bank of Nova Scotia. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank of Nova Scotia is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Bank of Nova Scotia is a strong investment it is important to analyze Bank of Nova Scotia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bank of Nova Scotia's future performance. For an informed investment choice regarding Bank Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank Of Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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When running Bank of Nova Scotia's price analysis, check to measure Bank of Nova Scotia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Nova Scotia is operating at the current time. Most of Bank of Nova Scotia's value examination focuses on studying past and present price action to predict the probability of Bank of Nova Scotia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Nova Scotia's price. Additionally, you may evaluate how the addition of Bank of Nova Scotia to your portfolios can decrease your overall portfolio volatility.
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Is Bank of Nova Scotia's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of Nova Scotia. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of Nova Scotia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.246
Dividend Share
4.21
Earnings Share
4.5
Revenue Per Share
24.448
Quarterly Revenue Growth
0.02
The market value of Bank of Nova Scotia is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of Nova Scotia's value that differs from its market value or its book value, called intrinsic value, which is Bank of Nova Scotia's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of Nova Scotia's market value can be influenced by many factors that don't directly affect Bank of Nova Scotia's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of Nova Scotia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Nova Scotia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Nova Scotia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.