BNS Stock Recent News

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

Investors looking for stocks in the Banks - Foreign sector might want to consider either Bank of Nova Scotia (BNS) or DBS Group Holdings Ltd (DBSDY). But which of these two stocks presents investors with the better value opportunity right now?

With my daughter in college, I've moved from wanting a dividend safety net for my family to trying to minimize taxes. That obviously involves shifting high yield stocks into tax advantaged accounts, like Roth IRAs.

Bank of Nova Scotia offers an attractive dividend and trades at a cheap price-to-earnings multiple based on 2025's expected earnings. The new CEO's ambitious turnaround plan focuses on operations in Canada, the United States, and Mexico, and aims to improve productivity and grow capital light businesses. Scotiabank's underperformance in the last decade is attributed to poor sentiment surrounding Latin American markets and the depreciation of currencies against the Canadian Dollar.

Rising interest rates have been a headwind to reliable dividend payers in the finance sector, but that's just the start of the story for some dividend stocks. Scotiabank is updating its business model to close a performance gap with peers.

Royal Bank of Canada has an attractive yield but is one of the banks most exposed to its home market of Canada. Bank of Nova Scotia's yield is well above average if you can handle a repositioning story.

Canadian lender Bank of Nova Scotia on Tuesday warned that upcoming elections in the U.S. and Mexico are creating political uncertainty, challenging the bank's long-term business decision-making ability.

Scotiabank has diversified business lines, strong performance in Latin America, and potential for growth in its wealth management segment. It's seen recent price momentum as well as business momentum, with growth in its deposit base, banking, and wealth management businesses. Yet, BNS remains undervalued with a dividend yield on the high end of its 10-year range, giving value and income investors an opportunity to add to this quality name.

The S&P 500 has risen back toward all-time highs, pushing the index's yield down to a paltry 1.3%. Bank of Nova Scotia, with a 6.2% yield, is revamping its business but remains committed to the dividend.

The Bank of Nova Scotia (BNS) NBF Annual Financial Services Conference Transcript