Bank of Nova Scotia (TSE:BNS) Reaches New 12-Month High – Here’s Why

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) shares reached a new 52-week high on Tuesday . The company traded as high as C$111.35 and last traded at C$110.98, with a volume of 1050393 shares. The stock had previously closed at C$110.27.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BNS. BMO Capital Markets raised their target price on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Jefferies Financial Group raised their target price on shares of Bank of Nova Scotia from C$104.00 to C$105.00 in a research note on Wednesday, May 20th. Royal Bank Of Canada cut their price target on shares of Bank of Nova Scotia from C$106.00 to C$98.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. National Bank Financial raised their price target on shares of Bank of Nova Scotia from C$100.00 to C$106.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Finally, Raymond James Financial raised their price target on shares of Bank of Nova Scotia from C$117.00 to C$120.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bank of Nova Scotia currently has an average rating of “Hold” and a consensus price target of C$107.77.

Bank of Nova Scotia Trading Up 0.6%

The stock’s fifty day moving average price is C$101.59 and its 200-day moving average price is C$100.61. The firm has a market cap of C$136.66 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.33 and a beta of 1.23.

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

Bank of Nova Scotia Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, April 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 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).