Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$137.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by Raymond James Financial from C$121.00 to C$137.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the bank’s stock.

A number of other brokerages also recently commented on BNS. Canaccord Genuity Group lifted their target price on shares of Bank of Nova Scotia from C$111.00 to C$121.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Barclays increased their price target on shares of Bank of Nova Scotia from C$108.00 to C$110.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. TD raised their price target on shares of 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. National Bank Financial lifted their price target 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 report on Friday, May 15th. Finally, Jefferies Financial Group upped their price objective on Bank of Nova Scotia from C$104.00 to C$105.00 in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Bank of Nova Scotia currently has an average rating of “Hold” and a consensus price target of C$117.00.

Bank of Nova Scotia Stock Up 0.6%

TSE BNS opened at C$126.98 on Wednesday. Bank of Nova Scotia has a 52 week low of C$78.22 and a 52 week high of C$127.00. The business’s fifty day simple moving average is C$122.35 and its 200-day simple moving average is C$109.64. The firm has a market cap of C$154.80 billion, a PE ratio of 17.51, 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 Wednesday, May 27th. The bank reported C$2.02 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$9.85 billion for the quarter. Research analysts expect that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th were paid a $1.14 dividend. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. Bank of Nova Scotia’s payout ratio is presently 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).