Bank of Nova Scotia (TSE:BNS) Upgraded to Outperform at National Bank Financial

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) was upgraded by investment analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a C$142.00 price objective on the bank’s stock, up from their prior price objective of C$128.00. National Bank Financial’s price objective indicates a potential upside of 8.97% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Bank of Nova Scotia from C$121.00 to C$127.00 and gave the stock a “hold” rating in a research note on Wednesday. Canadian Imperial Bank of Commerce upped their target price on shares of Bank of Nova Scotia from C$122.00 to C$136.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Barclays increased their target price on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a report on Friday, August 21st. Desjardins boosted their price target on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Finally, TD upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and upped their price objective for the company from C$124.00 to C$141.00 in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$128.86.

Bank of Nova Scotia Stock Up 1.2%

TSE BNS traded up C$1.58 on Wednesday, reaching C$130.31. The company had a trading volume of 2,769,630 shares, compared to its average volume of 4,175,932. Bank of Nova Scotia has a 52 week low of C$84.88 and a 52 week high of C$131.72. The stock’s 50 day moving average is C$123.36 and its 200-day moving average is C$110.70. The stock has a market cap of C$158.86 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share (EPS) for the quarter. The firm had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%. As a group, analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Trending Headlines about Bank of Nova Scotia

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

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).