Bank of America Boosts Bank of Nova Scotia (TSE:BNS) Price Target to C$134.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective hoisted by equities research analysts at Bank of America from C$131.00 to C$134.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Bank of America‘s price target would suggest a potential upside of 2.83% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada boosted their price objective on Bank of Nova Scotia from C$117.00 to C$129.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their target price on Bank of Nova Scotia from C$148.00 to C$152.00 and gave the company an “outperform” rating in a report on Wednesday. National Bank Financial raised Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$128.00 to C$142.00 in a research report on Wednesday. Canadian Imperial Bank of Commerce upped their price target on Bank of Nova Scotia from C$122.00 to C$136.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Finally, Jefferies Financial Group increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$128.86.

Bank of Nova Scotia Stock Up 1.2%

Shares of Bank of Nova Scotia stock traded up C$1.58 during trading hours on Wednesday, hitting C$130.31. The company’s stock had a trading volume of 2,769,630 shares, compared to its average volume of 4,175,932. The business has a fifty day moving average of C$123.36 and a 200 day moving average of C$110.70. Bank of Nova Scotia has a 1-year low of C$84.88 and a 1-year high of C$131.72. The company has a market capitalization of C$158.86 billion, a PE ratio of 17.97, a P/E/G ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share for the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. The firm had revenue of C$10.54 billion during the quarter. On average, sell-side analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia News Summary

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

• Positive Sentiment: Record quarterly performance: Canadian Banking, Global Wealth Management, and Global Banking and Markets all delivered strong results. Margin expansion, fee growth, and stronger underwriting and advisory activity helped drive the earnings beat. BMO, Scotiabank top estimates as capital-markets units surge
• Positive Sentiment: Analyst upgrades support sentiment: National Bank upgraded Scotiabank to “Outperform,” arguing that the shares offer more than a value opportunity, while TD Securities raised its rating from “Hold” to “Strong Buy.” Scotiabank upgraded to Outperform at National Bank
• Positive Sentiment: Capital returns and balance sheet remain supportive: BNS reported a 13.1% CET1 ratio, repurchased 8.6 million shares during the quarter, and said it had returned C$6.3 billion to shareholders year to date through dividends and buybacks. Why Bank of Nova Scotia Stock Is Up Today
• Neutral Sentiment: Trade uncertainty remains a risk: BNS and BMO cautioned that tariff and trade disruptions could weigh on business activity, although companies appear to be adapting relatively well. BMO, Scotia signal caution, but say businesses adapting well to trade unrest
• Negative Sentiment: One valuation signal is less bullish: National Bank Financial assigned a C$128 price target with a “Sector Perform” rating, slightly below the recent trading level, suggesting limited near-term upside under that view. Bank of Nova Scotia Given a C$128 Price Target

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).