Bank of Nova Scotia (BNS) Stock Forecast, Price Target & Predictions
BNS Stock Forecast
Bank of Nova Scotia stock forecast is as follows: an average price target of $71.53 (represents a 36.09% upside from BNS’s last price of $52.56) and a rating consensus of 'Hold', based on 8 wall street analysts offering a 1-year stock forecast.
BNS Price Target
The average price target for Bank of Nova Scotia (BNS) is $71.53 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $75.60 to $67.00. This represents a potential 36.09% upside from BNS's last price of $52.56.
BNS Analyst Ratings
According to 8 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%), 1 'Buy' (12.50%), 7 'Hold' (87.50%), 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 |
|---|---|---|---|---|---|---|
| Aug 28, 2024 | Sohrab Movahedi | BMO Capital | $72.00 | $48.98 | 47.01% | 36.99% |
| Jul 02, 2024 | Jill Shea | UBS | $67.00 | $45.46 | 47.38% | 27.47% |
| May 19, 2021 | Ebrahim Poonawala | Bank of America Securities | $75.60 | $62.51 | 20.93% | 43.83% |
The latest Bank of Nova Scotia stock forecast, released on Aug 28, 2024 by Sohrab Movahedi from BMO Capital, set a price target of $72.00, which represents a 47.01% increase from the stock price at the time of the forecast ($48.98), and a 36.99% increase from BNS last price ($52.56).
Bank of Nova Scotia Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 2 |
| Avg Price Target | $72.00 | $69.50 | $69.50 |
| Last Closing Price | $52.56 | $52.56 | $52.56 |
| Upside/Downside | 36.99% | 32.23% | 32.23% |
In the current month, the average price target of Bank of Nova Scotia stock is $72.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 36.99% increase as opposed to Bank of Nova Scotia's last price of $52.56. This month's average price target is up 3.60% compared to last quarter, and up 3.60% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
Bank of Nova Scotia's last stock rating was published by CIBC on Sep 06, 2024. The company gave BNS a "Neutral" rating, the same as its previous rate.
Bank of Nova Scotia Financial Forecast
Bank of Nova Scotia Revenue Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.87B | $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 | $10.06B | $9.78B | $9.43B | $9.53B | $9.37B | $9.20B | $8.88B | $8.96B | $8.80B | $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 | $10.06B | $9.78B | $9.43B | $9.53B | $9.37B | $9.21B | $8.88B | $8.96B | $8.80B | $8.58B | $8.26B | $8.25B | $8.13B | $8.18B | $8.07B | $8.32B | $8.03B | $8.20B | $7.89B | $7.90B | $7.93B | $7.85B | $7.85B | $7.67B | $7.66B | $7.92B | $7.94B | $8.02B | $8.01B | $7.91B |
| Low Forecast | $10.05B | $9.77B | $9.43B | $9.52B | $9.36B | $9.20B | $8.87B | $8.95B | $8.79B | $8.57B | $8.25B | $8.24B | $8.13B | $8.17B | $8.06B | $8.31B | $8.02B | $8.15B | $7.82B | $7.85B | $7.88B | $7.80B | $7.80B | $7.62B | $7.61B | $7.87B | $7.89B | $7.97B | $7.96B | $7.86B |
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 16 | 9 | 9 | 9 | 10 | 15 | 15 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 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 Jul 23 based on 1 analysts is $8.17B, with a low forecast of $8.17B, and a high forecast of $8.18B. BNS's average Quarter revenue forecast represents a 3.90% increase compared to the company's last Quarter revenue of $7.87B (Apr 23).
Bank of Nova Scotia EBITDA Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 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 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 16 | 9 | 9 | 9 | 10 | 15 | 15 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.43B | $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 | $4.80B | $4.67B | $4.50B | $4.55B | $4.47B | $4.39B | $4.24B | $4.27B | $4.20B | $4.09B | $6.88B | $3.94B | $3.88B | $3.90B | $6.25B | $3.97B | $5.44B | $3.90B | $3.75B | $4.98B | $4.95B | $5.09B | $4.45B | $4.19B | $4.99B | $5.24B | $6.68B | $6.98B | $6.81B | $7.18B |
| High Forecast | $4.80B | $4.67B | $4.50B | $4.55B | $4.47B | $4.39B | $4.24B | $4.28B | $4.20B | $4.09B | $8.26B | $3.94B | $3.88B | $3.90B | $7.51B | $3.97B | $6.53B | $3.92B | $3.77B | $5.98B | $5.94B | $6.11B | $5.35B | $5.03B | $5.99B | $6.28B | $8.02B | $8.38B | $8.17B | $8.62B |
| Low Forecast | $4.80B | $4.66B | $4.50B | $4.54B | $4.47B | $4.39B | $4.23B | $4.27B | $4.20B | $4.09B | $5.50B | $3.93B | $3.88B | $3.90B | $5.00B | $3.97B | $4.35B | $3.89B | $3.73B | $3.98B | $3.96B | $4.07B | $3.56B | $3.35B | $3.99B | $4.19B | $5.34B | $5.59B | $5.45B | $5.74B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.99% | 2.98% | 1.73% | 1.98% | 1.73% | 1.21% | 1.12% | 1.07% | 1.23% | 1.32% | 1.01% | 0.90% | 0.83% | 1.00% | 1.03% | 0.97% |
1 analysts predict BNS's average Quarter EBITDA for Jul 23 to be $3.90B, with a high of $3.90B and a low of $3.90B. This is -68.64% lower than Bank of Nova Scotia's previous annual EBITDA (Apr 23) of $12.43B.
Bank of Nova Scotia Net Income Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 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 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 16 | 9 | 9 | 9 | 10 | 15 | 15 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.13B | $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 | $2.69B | $2.60B | $2.42B | $2.43B | $2.35B | $2.28B | $2.07B | $2.12B | $1.99B | $2.01B | $3.04B | $1.98B | $2.00B | $2.14B | $2.76B | $2.49B | $2.45B | $2.60B | $2.40B | $2.24B | $2.23B | $2.19B | $1.85B | $1.52B | $1.44B | $1.24B | $2.18B | $2.20B | $1.82B | $2.25B |
| High Forecast | $2.69B | $2.60B | $2.42B | $2.44B | $2.35B | $2.29B | $2.07B | $2.20B | $2.04B | $2.01B | $3.64B | $1.98B | $2.05B | $2.14B | $3.31B | $2.50B | $2.95B | $2.61B | $2.41B | $2.69B | $2.68B | $2.63B | $2.22B | $1.82B | $1.73B | $1.49B | $2.62B | $2.64B | $2.19B | $2.70B |
| Low Forecast | $2.69B | $2.60B | $2.42B | $2.43B | $2.35B | $2.28B | $2.07B | $2.02B | $1.92B | $2.00B | $2.43B | $1.98B | $1.95B | $2.13B | $2.21B | $2.49B | $1.96B | $2.59B | $2.38B | $1.79B | $1.79B | $1.75B | $1.48B | $1.21B | $1.15B | $994.31M | $1.75B | $1.76B | $1.46B | $1.80B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 0.69% | 0.84% | 0.98% | 1.11% | 1.22% | 1.12% | 1.12% | 1.28% | 1.52% | 1.27% | 1.09% | 0.60% | 1.04% | 1.21% | 0.83% |
Bank of Nova Scotia's average Quarter net income forecast for Jul 23 is $2.14B, with a range of $2.13B to $2.14B. BNS's average Quarter net income forecast represents a 0.10% increase compared to the company's last Quarter net income of $2.13B (Apr 23).
Bank of Nova Scotia SG&A Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 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 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 16 | 9 | 9 | 9 | 10 | 15 | 15 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.56B | $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 | $3.01B | $2.93B | $2.83B | $2.85B | $2.81B | $2.76B | $2.66B | $2.68B | $2.64B | $2.57B | $2.73B | $2.47B | $2.44B | $2.45B | $2.49B | $2.49B | $2.22B | $2.45B | $2.35B | $1.96B | $2.02B | $2.06B | $1.86B | $1.80B | $2.30B | $2.19B | $2.32B | $2.29B | $2.25B | $2.24B |
| High Forecast | $3.02B | $2.93B | $2.83B | $2.86B | $2.81B | $2.76B | $2.66B | $2.68B | $2.64B | $2.57B | $3.28B | $2.47B | $2.44B | $2.45B | $2.98B | $2.49B | $2.66B | $2.46B | $2.37B | $2.36B | $2.42B | $2.47B | $2.23B | $2.16B | $2.76B | $2.63B | $2.78B | $2.75B | $2.70B | $2.69B |
| Low Forecast | $3.01B | $2.93B | $2.82B | $2.85B | $2.81B | $2.76B | $2.66B | $2.68B | $2.63B | $2.57B | $2.19B | $2.47B | $2.44B | $2.45B | $1.99B | $2.49B | $1.77B | $2.44B | $2.34B | $1.57B | $1.61B | $1.65B | $1.49B | $1.44B | $1.84B | $1.75B | $1.85B | $1.83B | $1.80B | $1.79B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.99% | 1.05% | 0.95% | 0.97% | 1.22% | 1.08% | 1.08% | 1.19% | 1.29% | 0.94% | 0.99% | 1.00% | 1.06% | 1.02% | 1.03% |
Bank of Nova Scotia's average Quarter SG&A projection for Jul 23 is $2.45B, based on 1 Wall Street analysts, with a range of $2.45B to $2.45B. The forecast indicates a -4.50% fall compared to BNS last annual SG&A of $2.56B (Apr 23).
Bank of Nova Scotia EPS Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 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 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 16 | 9 | 9 | 9 | 10 | 15 | 15 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.70 | $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 | $2.19 | $2.12 | $1.97 | $1.98 | $1.92 | $1.86 | $1.69 | $1.73 | $1.62 | $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 | $2.19 | $2.12 | $1.97 | $1.98 | $1.92 | $1.86 | $1.69 | $1.79 | $1.66 | $1.63 | $1.55 | $1.61 | $1.67 | $1.74 | $1.78 | $2.03 | $1.99 | $2.12 | $1.97 | $2.06 | $1.91 | $1.91 | $1.76 | $1.58 | $1.22 | $1.12 | $1.05 | $1.76 | $1.83 | $1.86 |
| Low Forecast | $2.19 | $2.12 | $1.97 | $1.98 | $1.91 | $1.86 | $1.69 | $1.64 | $1.56 | $1.63 | $1.55 | $1.61 | $1.59 | $1.74 | $1.78 | $2.03 | $1.99 | $2.11 | $1.95 | $2.04 | $1.89 | $1.90 | $1.74 | $1.57 | $1.21 | $1.11 | $1.04 | $1.75 | $1.81 | $1.85 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 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 Jul 23 is $1.74, with a low estimate of $1.74 and a high estimate of $1.74. This represents a 2.28% increase compared to BNS previous annual EPS of $1.70 (Apr 23).
Bank of Nova Scotia Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CM | Canadian Imperial Bank of Commerce | $61.58 | $106.62 | 73.14% | Buy |
| TD | Toronto-Dominion Bank | $62.89 | $89.52 | 42.34% | Buy |
| BMO | Bank of Montreal | $87.71 | $120.95 | 37.90% | Hold |
| BNS | Bank of Nova Scotia | $52.56 | $71.53 | 36.09% | Hold |
| BAC | Bank of America | $39.55 | $48.25 | 22.00% | Buy |
| WFC | Wells Fargo & Company | $54.51 | $58.89 | 8.04% | Buy |
| JPM | JPMorgan Chase | $209.25 | $199.22 | -4.79% | Buy |
| RY | Royal Bank of Canada | $122.86 | $107.81 | -12.25% | Buy |
| NU | Nu | $15.14 | $12.69 | -16.18% | Buy |
BNS Forecast FAQ
Is Bank of Nova Scotia a good buy?
No, according to 8 Wall Street analysts, Bank of Nova Scotia (BNS) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 12.50% of BNS's total ratings.
What is BNS's price target?
Bank of Nova Scotia (BNS) average price target is $71.53 with a range of $67 to $75.6, implying a 36.09% from its last price of $52.56. The data is based on 8 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 36.09% (from the last price of $52.56 to the average price target of $71.53), up by 43.83% based on the highest stock price target, and up by 27.47% 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 $71.53 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 $72 price target for Bank of Nova Scotia (BNS) this month, up 36.99% from its last price of $52.56. Compared to the last 3 and 12 months, the average price target increased by 32.23% and increased by 32.23%, 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 $36.4B (high $36.41B, low $36.38B), average EBITDA is $17.37B (high $17.38B, low $17.36B), average net income is $8.83B (high $8.92B, low $8.72B), average SG&A $10.91B (high $10.91B, low $10.9B), and average EPS is $7.19 (high $7.26, low $7.1). BNS's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $38.79B (high $38.81B, low $38.78B), average EBITDA is $18.51B (high $18.52B, low $18.51B), average net income is $10.14B (high $10.14B, low $10.13B), average SG&A $11.62B (high $11.63B, low $11.62B), and average EPS is $8.26 (high $8.26, low $8.25).
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 $18.07B by 48.77%. The company's net income was $9.92B, beating the average estimation of $9.69B by 2.34%. Apple's SG&A was $9.32B, beating the average forecast of $8.99B by 3.67%. 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 (Apr 2023), Bank of Nova Scotia's revenue was $7.86B, missing the average analysts' forecast of $8.06B by -2.46%. The company's EBITDA was $12.43B, beating the average prediction of $6.25B by 98.80%. Bank of Nova Scotia's net income was $2.13B, missing the average estimation of $2.76B by -22.71%. The company's SG&A was $2.56B, beating the average forecast of $2.49B by 3.13%. Lastly, the company's EPS was $1.7, missing the average prediction of $1.78 by -4.66%