Bank of Nova Scotia (TSE:BNS) Stock Passes Above 200 Day Moving Average – What’s Next?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$104.10 and traded as high as C$122.81. Bank of Nova Scotia shares last traded at C$122.44, with a volume of 3,514,827 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on BNS shares. Canadian Imperial Bank of Commerce raised their price target on Bank of Nova Scotia from C$116.00 to C$122.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Canaccord Genuity Group dropped their price objective on Bank of Nova Scotia from C$112.00 to C$111.00 and set a “hold” rating for the company in a report on Friday, June 5th. Royal Bank Of Canada increased their target price on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a research note on Thursday, May 28th. TD raised their target price on Bank of Nova Scotia from C$112.00 to C$113.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group boosted their target price on Bank of Nova Scotia from C$104.00 to C$105.00 in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bank of Nova Scotia has an average rating of “Hold” and an average target price of C$110.77.

Bank of Nova Scotia Trading Down 0.1%

The stock’s 50 day moving average is C$110.82 and its two-hundred day moving average is C$104.10. The stock has a market capitalization of C$150.12 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.33 and a beta of 1.32.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported C$2.02 earnings per share for the quarter. The company had revenue of C$9.85 billion during the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%. On average, research analysts anticipate that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th were paid 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 3.6%. Bank of Nova Scotia’s dividend payout ratio is currently 60.69%.

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).