Bank of Nova Scotia (TSE:BNS) Reaches New 52-Week High – Should You Buy?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$107.73 and last traded at C$106.75, with a volume of 626043 shares changing hands. The stock had previously closed at C$106.92.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BNS. Jefferies Financial Group boosted their price target on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. TD boosted their price target on shares of Bank of Nova Scotia from C$111.00 to C$112.00 and gave the company a “hold” rating in a report on Tuesday. TD Securities cut shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and lowered their price target for the company from C$112.00 to C$111.00 in a report on Tuesday, March 3rd. Canaccord Genuity Group lowered shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and cut their price objective for the company from C$118.00 to C$110.00 in a research report on Monday, March 9th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Bank of Nova Scotia from C$108.00 to C$109.00 in a research report on Thursday, March 5th. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$106.62.

Bank of Nova Scotia Price Performance

The stock’s fifty day simple moving average is C$99.82 and its 200-day simple moving average is C$99.13. The company has a market capitalization of C$131.31 billion, a P/E ratio of 15.82, a PEG ratio of 1.33 and a beta of 1.23.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, February 24th. The bank reported C$2.05 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. The company had revenue of C$10.08 billion during the quarter. On average, research analysts predict that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 28th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, April 7th. Bank of Nova Scotia’s dividend payout ratio is 64.69%.

About Bank of Nova Scotia

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).