Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for Bank of Nova Scotia (TSE:BNS) Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price increased by Canadian Imperial Bank of Commerce from C$122.00 to C$136.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “neutral” rating on the bank’s stock. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 11.91% from the company’s current price.

Several other research firms have also issued reports on BNS. Desjardins lifted their target price on Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada lifted their price objective on shares of Bank of Nova Scotia from C$98.00 to C$117.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 28th. Jefferies Financial Group increased their target price on shares of Bank of Nova Scotia from C$112.00 to C$117.00 and gave the company a “hold” rating in a research report on Thursday, August 13th. TD raised their target price on shares of Bank of Nova Scotia from C$113.00 to C$124.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. Finally, Raymond James Financial lifted their price target on shares of Bank of Nova Scotia from C$121.00 to C$137.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$118.08.

Bank of Nova Scotia Stock Down 3.1%

BNS traded down C$3.83 on Wednesday, reaching C$121.53. 1,448,752 shares of the company traded hands, compared to its average volume of 4,177,913. The company has a market cap of C$148.16 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a one year low of C$78.56 and a one year high of C$127.63. The firm has a fifty day simple moving average of C$122.85 and a two-hundred day simple moving average of C$110.01.

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

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).