Bank of Nova Scotia (BNS) Stock Forecast, Price Target & Predictions

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BNS Stock Forecast

Bank of Nova Scotia stock forecast is as follows: an average price target of $71.00 (represents a 32.36% upside from BNS’s last price of $53.64) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.

BNS Price Target

The average price target for Bank of Nova Scotia (BNS) is $71.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $74.00 to $67.00. This represents a potential 32.36% upside from BNS's last price of $53.64.

BNS Analyst Ratings

Hold

According to 9 Wall Street analysts, Bank of Nova Scotia's rating consensus is 'Hold'. The analyst rating breakdown for BNS stock is 0 'Strong Buy' (0.00%), 3 'Buy' (33.33%), 6 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Bank of Nova Scotia Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Dec 04, 2024	Darko Mihelic	RBC Capital	$74.00	$55.38	33.62%	37.96%
Aug 28, 2024	Sohrab Movahedi	BMO Capital	$72.00	$48.98	47.01%	34.23%
Jul 02, 2024	Jill Shea	UBS	$67.00	$45.46	47.38%	24.91%
May 19, 2021	Ebrahim Poonawala	Bank of America Securities	$75.60	$62.51	20.93%	40.93%

The latest Bank of Nova Scotia stock forecast, released on Dec 04, 2024 by Darko Mihelic from RBC Capital, set a price target of $74.00, which represents a 33.62% increase from the stock price at the time of the forecast ($55.38), and a 37.96% increase from BNS last price ($53.64).

Bank of Nova Scotia Price Target by Period

	1M	3M	12M
# Anlaysts	1	1	3
Avg Price Target	$74.00	$74.00	$71.00
Last Closing Price	$53.64	$53.64	$53.64
Upside/Downside	37.96%	37.96%	32.36%

In the current month, the average price target of Bank of Nova Scotia stock is $74.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 37.96% increase as opposed to Bank of Nova Scotia's last price of $53.64. This month's average price target is down 0.00% compared to last quarter, and up 4.23% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Dec 04, 2024	RBC Capital	Sector Perform	Sector Perform	Hold
Sep 20, 2024	CIBC	Neutral	Outperform	Upgrade
Sep 20, 2024	Scotiabank		Outperform	Upgrade
Sep 06, 2024	CIBC	Neutral	Neutral	Hold
Aug 28, 2024	RBC Capital	Sector Perform	Sector Perform	Hold
Aug 28, 2024	BMO Capital	Market Perform	Market Perform	Hold
Jul 02, 2024	UBS		Neutral	Initialise
May 29, 2024	CIBC	Neutral	Neutral	Hold
Nov 30, 2022	RBC Capital	Sector Perform	Sector Perform	Hold
Nov 30, 2022	BMO Capital	Market Perform	Market Perform	Hold
Sep 07, 2022	Desjardins		Hold	Downgrade
Aug 24, 2022	Credit Suisse	Neutral	Neutral	Hold
Aug 24, 2022	Canaccord Genuity	Buy	Buy	Hold
Aug 16, 2022	CIBC	Neutral	Neutral	Hold
Aug 15, 2022	Barclays	Equal-Weight	Equal-Weight	Hold

Bank of Nova Scotia's last stock rating was published by RBC Capital on Dec 04, 2024. The company gave BNS a "Sector Perform" rating, the same as its previous rate.

Bank of Nova Scotia Financial Forecast

Bank of Nova Scotia Revenue Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	Apr 22	Jan 22	Oct 21	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20	Apr 20	Jan 20	Oct 19	Jul 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$7.96B	$7.58B	$7.75B	$7.86B	$7.96B	$7.59B	$7.68B	$7.62B	$8.02B	$7.46B	$7.65B	$7.90B	$7.79B	$7.81B	$7.15B
Avg Forecast	$9.49B	$9.44B	$9.11B	$9.16B	$9.02B	$8.90B	$8.57B	$8.60B	$8.62B	$8.58B	$8.26B	$8.25B	$8.13B	$8.17B	$8.06B	$8.32B	$8.02B	$8.18B	$7.86B	$7.88B	$7.90B	$7.82B	$7.83B	$7.65B	$7.64B	$7.89B	$7.92B	$8.00B	$7.99B	$7.88B
High Forecast	$9.56B	$9.51B	$9.17B	$9.23B	$9.08B	$8.96B	$8.63B	$8.66B	$8.65B	$8.64B	$8.32B	$8.30B	$8.19B	$8.23B	$8.12B	$8.37B	$8.04B	$8.18B	$7.86B	$7.88B	$7.91B	$7.83B	$7.83B	$7.65B	$7.64B	$7.90B	$7.92B	$8.00B	$7.99B	$7.89B
Low Forecast	$9.45B	$9.41B	$9.08B	$9.13B	$8.99B	$8.86B	$8.54B	$8.57B	$8.59B	$8.55B	$8.23B	$8.22B	$8.10B	$8.14B	$8.03B	$8.28B	$8.01B	$8.17B	$7.85B	$7.87B	$7.90B	$7.82B	$7.82B	$7.64B	$7.63B	$7.89B	$7.91B	$7.99B	$7.98B	$7.88B
# Analysts	1	1	1	1	1	1	1	2	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	8	11	14	8	7	10
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.96%	0.94%	0.95%	1.00%	1.01%	0.96%	0.98%	0.97%	1.05%	0.98%	0.97%	1.00%	0.97%	0.98%	0.91%

Bank of Nova Scotia's average Quarter revenue forecast for May 23 based on 1 analysts is $8.06B, with a low forecast of $8.03B, and a high forecast of $8.12B. BNS's average Quarter revenue forecast represents a 1.24% increase compared to the company's last Quarter revenue of $7.96B (Jan 23).

Bank of Nova Scotia EBITDA Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	Apr 22	Jan 22	Oct 21	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20	Apr 20	Jan 20	Oct 19	Jul 19
# Analysts	1	1	1	1	1	1	1	2	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	8	11	14	8	7	10
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$11.83B	$9.42B	$7.73B	$6.49B	$6.01B	$5.53B	$5.46B	$5.49B	$5.55B	$5.05B	$4.70B	$5.52B	$7.00B	$6.98B	$6.96B
Avg Forecast	-	-	-	-	-	-	-	-	-	-	$6.88B	-	-	-	$6.25B	$5.48B	$3.83B	$3.90B	$5.69B	$3.76B	$3.77B	$3.73B	$4.45B	$3.65B	$3.65B	$3.77B	$6.68B	$3.82B	$3.81B	$3.76B
High Forecast	-	-	-	-	-	-	-	-	-	-	$8.26B	-	-	-	$7.51B	$6.57B	$3.84B	$3.91B	$6.82B	$3.76B	$3.77B	$3.74B	$5.35B	$3.65B	$3.65B	$3.77B	$8.02B	$3.82B	$3.81B	$3.76B
Low Forecast	-	-	-	-	-	-	-	-	-	-	$5.50B	-	-	-	$5.00B	$4.38B	$3.82B	$3.90B	$4.55B	$3.76B	$3.77B	$3.73B	$3.56B	$3.65B	$3.64B	$3.76B	$5.34B	$3.81B	$3.81B	$3.76B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.16%	2.46%	1.98%	1.14%	1.60%	1.47%	1.46%	1.23%	1.52%	1.38%	1.25%	0.83%	1.83%	1.83%	1.85%

1 analysts predict BNS's average Quarter EBITDA for May 23 to be $6.25B, with a high of $7.51B and a low of $5.00B. This is -47.13% lower than Bank of Nova Scotia's previous annual EBITDA (Jan 23) of $11.83B.

Bank of Nova Scotia Net Income Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	Apr 22	Jan 22	Oct 21	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20	Apr 20	Jan 20	Oct 19	Jul 19
# Analysts	1	1	1	1	1	1	1	2	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	8	11	14	8	7	10
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.73B	$2.06B	$2.54B	$2.67B	$2.74B	$2.49B	$2.46B	$2.37B	$2.31B	$1.83B	$1.35B	$1.31B	$2.29B	$2.20B	$1.86B
Avg Forecast	$2.49B	$2.46B	$2.29B	$2.36B	$2.25B	$2.20B	$2.01B	$2.00B	$1.97B	$2.02B	$3.04B	$1.99B	$2.01B	$2.15B	$2.76B	$2.47B	$2.45B	$2.60B	$2.51B	$2.51B	$2.34B	$2.34B	$1.85B	$1.93B	$1.49B	$1.37B	$2.18B	$2.15B	$2.23B	$2.28B
High Forecast	$2.51B	$2.48B	$2.32B	$2.38B	$2.28B	$2.22B	$2.03B	$2.02B	$2.04B	$2.03B	$3.64B	$2.00B	$2.07B	$2.17B	$3.31B	$2.96B	$2.45B	$2.60B	$3.01B	$2.52B	$2.34B	$2.34B	$2.22B	$1.94B	$1.49B	$1.37B	$2.62B	$2.16B	$2.23B	$2.28B
Low Forecast	$2.48B	$2.45B	$2.28B	$2.35B	$2.24B	$2.19B	$2.00B	$1.99B	$1.94B	$2.00B	$2.43B	$1.98B	$1.96B	$2.14B	$2.21B	$1.97B	$2.44B	$2.60B	$2.01B	$2.51B	$2.34B	$2.34B	$1.48B	$1.93B	$1.49B	$1.37B	$1.75B	$2.15B	$2.23B	$2.28B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.70%	0.84%	0.98%	1.06%	1.09%	1.07%	1.05%	1.28%	1.19%	1.23%	0.99%	0.60%	1.06%	0.99%	0.82%

Bank of Nova Scotia's average Quarter net income forecast for May 23 is $2.76B, with a range of $2.21B to $3.31B. BNS's average Quarter net income forecast represents a 59.35% increase compared to the company's last Quarter net income of $1.73B (Jan 23).

Bank of Nova Scotia SG&A Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	Apr 22	Jan 22	Oct 21	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20	Apr 20	Jan 20	Oct 19	Jul 19
# Analysts	1	1	1	1	1	1	1	2	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	8	11	14	8	7	10
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.48B	$2.33B	$2.32B	$2.28B	$2.39B	$2.18B	$2.22B	$2.22B	$2.32B	$2.17B	$2.16B	$2.31B	$2.43B	$2.29B	$2.30B
Avg Forecast	$3.28B	$3.27B	$3.15B	$3.17B	$3.12B	$3.08B	$2.97B	$2.98B	$2.98B	$2.97B	$2.73B	$2.85B	$2.81B	$2.83B	$2.49B	$2.16B	$2.40B	$2.45B	$2.26B	$2.36B	$2.37B	$2.34B	$1.86B	$2.29B	$2.29B	$2.36B	$2.32B	$2.40B	$2.39B	$2.36B
High Forecast	$3.31B	$3.29B	$3.18B	$3.19B	$3.14B	$3.10B	$2.99B	$3.00B	$2.99B	$2.99B	$3.28B	$2.87B	$2.83B	$2.85B	$2.98B	$2.59B	$2.41B	$2.45B	$2.71B	$2.36B	$2.37B	$2.35B	$2.23B	$2.29B	$2.29B	$2.37B	$2.78B	$2.40B	$2.39B	$2.36B
Low Forecast	$3.27B	$3.26B	$3.14B	$3.16B	$3.11B	$3.07B	$2.96B	$2.97B	$2.97B	$2.96B	$2.19B	$2.84B	$2.80B	$2.82B	$1.99B	$1.73B	$2.40B	$2.45B	$1.81B	$2.36B	$2.37B	$2.34B	$1.49B	$2.29B	$2.29B	$2.36B	$1.85B	$2.39B	$2.39B	$2.36B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.15%	0.97%	0.95%	1.01%	1.01%	0.92%	0.95%	1.19%	1.01%	0.95%	0.92%	1.00%	1.01%	0.96%	0.97%

Bank of Nova Scotia's average Quarter SG&A projection for May 23 is $2.49B, based on 1 Wall Street analysts, with a range of $1.99B to $2.98B. The forecast indicates a 0.41% rise compared to BNS last annual SG&A of $2.48B (Jan 23).

Bank of Nova Scotia EPS Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	Apr 22	Jan 22	Oct 21	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20	Apr 20	Jan 20	Oct 19	Jul 19
# Analysts	1	1	1	1	1	1	1	2	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	8	11	14	8	7	10
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.37	$1.64	$2.10	$2.16	$2.26	$1.98	$2.00	$1.89	$1.87	$1.44	$1.10	$1.03	$1.86	$1.76	$1.51
Avg Forecast	$2.01	$1.99	$1.86	$1.91	$1.83	$1.78	$1.63	$1.62	$1.60	$1.63	$1.55	$1.61	$1.63	$1.74	$1.78	$2.03	$1.99	$2.12	$1.96	$2.05	$1.90	$1.91	$1.75	$1.58	$1.21	$1.11	$1.05	$1.75	$1.82	$1.86
High Forecast	$2.03	$2.01	$1.87	$1.93	$1.84	$1.80	$1.64	$1.64	$1.65	$1.64	$1.56	$1.62	$1.67	$1.75	$1.86	$2.05	$2.00	$2.12	$2.05	$2.05	$1.90	$1.91	$1.75	$1.58	$1.21	$1.11	$1.05	$1.76	$1.82	$1.86
Low Forecast	$2.01	$1.98	$1.85	$1.90	$1.82	$1.77	$1.62	$1.61	$1.57	$1.62	$1.54	$1.61	$1.59	$1.73	$1.71	$2.02	$1.99	$2.11	$1.87	$2.05	$1.90	$1.91	$1.75	$1.57	$1.21	$1.11	$1.05	$1.75	$1.82	$1.85
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.67%	0.82%	0.99%	1.10%	1.10%	1.04%	1.05%	1.08%	1.19%	1.19%	0.99%	0.98%	1.06%	0.97%	0.81%

According to 1 Wall Street analysts, Bank of Nova Scotia's projected average Quarter EPS for May 23 is $1.78, with a low estimate of $1.71 and a high estimate of $1.86. This represents a 30.16% increase compared to BNS previous annual EPS of $1.37 (Jan 23).

Bank of Nova Scotia Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
TD	Toronto-Dominion Bank	$52.55	$89.52	70.35%	Buy
CM	Canadian Imperial Bank of Commerce	$65.76	$106.62	62.14%	Buy
RY	Royal Bank of Canada	$123.70	$193.00	56.02%	Buy
NU	Nu	$11.70	$15.40	31.62%	Buy
BNS	Bank of Nova Scotia	$54.74	$71.00	29.70%	Hold
BMO	Bank of Montreal	$98.15	$120.95	23.23%	Hold
BAC	Bank of America	$45.05	$55.00	22.09%	Buy
WFC	Wells Fargo & Company	$70.81	$67.15	-5.17%	Buy
JPM	JPMorgan Chase	$238.36	$225.42	-5.43%	Buy

BNS Forecast FAQ

Is Bank of Nova Scotia a good buy?

No, according to 9 Wall Street analysts, Bank of Nova Scotia (BNS) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 33.33% of BNS's total ratings.

What is BNS's price target?

Bank of Nova Scotia (BNS) average price target is $71 with a range of $67 to $74, implying a 32.36% from its last price of $53.64. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Bank of Nova Scotia stock go up soon?

According to Wall Street analysts' prediction for BNS stock, the company can go up by 32.36% (from the last price of $53.64 to the average price target of $71), up by 37.96% based on the highest stock price target, and up by 24.91% based on the lowest stock price target.

Can Bank of Nova Scotia stock reach $80?

BNS's average twelve months analyst stock price target of $71 does not support the claim that Bank of Nova Scotia can reach $80 in the near future.

What is Bank of Nova Scotia's current price target trend?

1 Wall Street analyst forecast a $74 price target for Bank of Nova Scotia (BNS) this month, up 37.96% from its last price of $53.64. Compared to the last 3 and 12 months, the average price target increased by 37.96% and increased by 32.36%, respectively.

What are Bank of Nova Scotia's analysts' financial forecasts?

Bank of Nova Scotia's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $35.09B (high $35.34B, low $34.96B), average EBITDA is $0 (high $0, low $0), average net income is $8.47B (high $8.55B, low $8.42B), average SG&A $12.15B (high $12.23B, low $12.1B), and average EPS is $6.86 (high $6.92, low $6.82). BNS's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $37.2B (high $37.47B, low $37.07B), average EBITDA is $0 (high $0, low $0), average net income is $9.6B (high $9.69B, low $9.55B), average SG&A $12.88B (high $12.97B, low $12.83B), and average EPS is $7.77 (high $7.84, low $7.74).

Did the BNS's actual financial results beat the analysts' financial forecasts?

Based on Bank of Nova Scotia's last annual report (Oct 2022), the company's revenue was $31.15B, which missed the average analysts forecast of $31.93B by -2.46%. Apple's EBITDA was $26.89B, beating the average prediction of $17.18B by 56.55%. The company's net income was $9.92B, missing the average estimation of $10.07B by -1.49%. Apple's SG&A was $9.32B, missing the average forecast of $9.47B by -1.68%. Lastly, the company's EPS was $8.05, missing the average prediction of $8.12 by -0.81%. In terms of the last quarterly report (Jan 2023), Bank of Nova Scotia's revenue was $7.96B, missing the average analysts' forecast of $8.32B by -4.22%. The company's EBITDA was $11.83B, beating the average prediction of $5.48B by 115.94%. Bank of Nova Scotia's net income was $1.73B, missing the average estimation of $2.47B by -29.76%. The company's SG&A was $2.48B, beating the average forecast of $2.16B by 14.64%. Lastly, the company's EPS was $1.37, missing the average prediction of $2.03 by -32.57%