Bank of Nova Scotia (TSE:BNS) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target lifted by investment analysts at Raymond James Financial from C$120.00 to C$121.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s target price would suggest a potential upside of 9.84% from the company’s previous close.

BNS has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce lifted their price objective on Bank of Nova Scotia from C$116.00 to C$122.00 and gave the company a “neutral” rating in a research report on Thursday. Canaccord Genuity Group lowered their price target on Bank of Nova Scotia from C$110.00 to C$108.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. National Bank Financial boosted their price objective on Bank of Nova Scotia from C$100.00 to C$106.00 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Barclays boosted their price target on Bank of Nova Scotia from C$108.00 to C$110.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, TD Securities cut Bank of Nova Scotia from a “buy” rating to a “hold” rating and cut their price target for the stock from C$112.00 to C$111.00 in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$110.54.

Bank of Nova Scotia Trading Down 1.3%

Shares of TSE BNS traded down C$1.41 during trading on Thursday, reaching C$110.16. The company had a trading volume of 2,339,742 shares, compared to its average volume of 4,283,286. Bank of Nova Scotia has a twelve month low of C$72.30 and a twelve month high of C$113.57. The stock has a market capitalization of C$135.65 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23. The stock has a 50-day moving average price of C$102.24 and a two-hundred day moving average price of C$100.87.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. The business had revenue of C$9.85 billion during the quarter. Bank of Nova Scotia had a return on equity of 10.41% and a net margin of 14.45%. On average, sell-side analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Key Bank of Nova Scotia News

Here are the key news stories impacting Bank of Nova Scotia this week:

• Positive Sentiment: The Bank of Nova Scotia reported stronger-than-expected quarterly results, with C$2.02 EPS and C$9.84B in revenue, helped by solid performance in its Canadian and international businesses. Article Title
• Positive Sentiment: The bank raised its dividend by 3.6% to C$1.14 and maintained market-based DRIP purchases, a sign of confidence in its capital position and future earnings. Article Title
• Positive Sentiment: Scotiabank said foreign investors are showing renewed interest in Canada, which could support future capital flows and broader market sentiment toward the stock. Article Title
• Neutral Sentiment: The bank filed routine Form 6-K updates covering capitalization, earnings coverage ratios, and interim control certifications, which appear to be standard disclosure items rather than a new business catalyst. Article Title
• Neutral Sentiment: Additional Form 6-K filings highlighted strong earnings coverage ratios for the twelve months ended April 30, 2026, reinforcing balance-sheet strength but not changing the near-term story materially. Article Title

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).