Bank of Nova Scotia (TSE:BNS) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$106.88 and traded as high as C$123.42. Bank of Nova Scotia shares last traded at C$123.38, with a volume of 5,211,267 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BNS shares. Barclays upped 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 report on Thursday, May 28th. Jefferies Financial Group boosted their target price on shares of Bank of Nova Scotia from C$104.00 to C$105.00 in a research report on Wednesday, May 20th. Canadian Imperial Bank of Commerce boosted their target price on shares of 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. National Bank Financial upped their target price on shares of Bank of Nova Scotia from C$100.00 to C$106.00 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Finally, TD increased their price target on shares of Bank of Nova Scotia from C$112.00 to C$113.00 and gave the company a “hold” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$111.54.

Bank of Nova Scotia Price Performance

The firm has a 50 day moving average of C$117.58 and a 200-day moving average of C$107.04. The stock has a market capitalization of C$148.85 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29.

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. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.The company had revenue of C$9.85 billion during the quarter. As a group, equities analysts expect that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 29th will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.7%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, July 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is 60.69%.

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).