BNS:NYE-Bank Nova Scotia Halifax Pfd 3 (USD)

EQUITY | Banks - Diversified | New York Stock Exchange

Last Closing

USD 45.12

Change

-0.18 (-0.40)%

Market Cap

USD 65.02B

Volume

2.04M

Analyst Target

USD 72.27
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Bank of Nova Scotia is a diversified financial services institution that provides financial products and services to retail, commercial and corporate customers around the world.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-06-21 )

Largest Industry Peers for Banks - Diversified

Symbol Name Price(Change) Market Cap
JPM-PD JPMorgan Chase & Co

+0.03 (+0.12%)

USD 338.92B
JPM-PC JPMorgan Chase & Co

+0.02 (+0.08%)

USD 337.26B
BML-PG Bank of America Corporation

-0.27 (-1.17%)

USD 315.30B
BML-PH Bank of America Corporation

+0.02 (+0.11%)

USD 313.74B
BAC Bank of America Corp

+0.27 (+0.69%)

USD 306.66B
BML-PL Bank of America Corporation

-0.17 (-0.69%)

USD 302.98B
BAC-PE Bank of America Corporation

-0.04 (-0.14%)

USD 294.75B
BML-PJ Bank of America Corporation

+0.03 (+0.12%)

USD 279.98B
BAC-PB Bank of America Corporation

-0.01 (-0.04%)

USD 254.08B
BAC-PK Bank of America Corporation

+0.04 (+0.16%)

USD 252.92B

ETFs Containing BNS

HCA:CA Hamilton Canadian Bank Me.. 27.31 % 0.00 %

+0.23 (+-0.10%)

CAD 0.08B
HBNK:CA Global X Equal Weight Can.. 15.72 % 0.00 %

+0.24 (+-0.10%)

N/A
HEB:CA Hamilton Canadian Bank Eq.. 15.52 % 0.00 %

+0.17 (+-0.10%)

CAD 0.74B
CBNK:CA Mulvihill Canadian Bank E.. 13.19 % 0.00 %

+0.08 (+-0.10%)

CAD 0.12B
ZWB-U:CA BMO Covered Call Canadian.. 10.53 % 0.00 %

+0.26 (+-0.10%)

N/A
HFIN:CA Hamilton Enhanced Canadia.. 10.04 % 0.00 %

+0.20 (+-0.10%)

CAD 0.16B
CEW:CA iShares Equal Weight Banc.. 9.65 % 0.60 %

+0.13 (+-0.10%)

CAD 0.22B
HMAX:CA Hamilton Canadian Financi.. 9.21 % 0.00 %

+0.11 (+-0.10%)

N/A
HEF:CA 8.01 % 0.83 %

N/A

N/A
VDY:CA Vanguard FTSE Canadian Hi.. 5.67 % 0.22 %

+0.08 (+-0.10%)

CAD 2.95B
ESGA:CA BMO MSCI Canada ESG Leade.. 5.35 % 0.00 %

+0.16 (+-0.10%)

CAD 0.09B
RCD:CA RBC Quant Canadian Divide.. 5.23 % 0.43 %

+0.16 (+-0.10%)

CAD 0.18B
PXC:CA Invesco FTSE RAFI Canadia.. 5.15 % 0.50 %

+0.12 (+-0.10%)

CAD 0.18B
TBNK:CA TD Canadian Bank Dividend.. 4.80 % 0.00 %

+0.14 (+-0.10%)

CAD 0.02B
IXTE:CA Invesco S&P/TSX 60 ESG Ti.. 4.74 % 0.00 %

N/A

CAD 3.25M
ICAE:CA Invesco S&P/TSX Canadian .. 4.72 % 0.00 %

+0.25 (+-0.10%)

CAD 7.79M
XESG:CA iShares ESG Aware MSCI Ca.. 4.58 % 0.00 %

+0.17 (+-0.10%)

CAD 0.42B
XCSR:CA iShares ESG Advanced MSCI.. 4.55 % 0.00 %

+0.71 (+-0.10%)

CAD 0.25B
IUTSF 4.35 % 0.00 %

N/A

N/A
CDIV:CA Manulife Smart Dividend E.. 4.25 % 0.00 %

+0.09 (+-0.10%)

CAD 0.60B
ICTE:CA Invesco S&P/TSX Composite.. 3.92 % 0.00 %

N/A

CAD 1.10M
ESGC:CA Invesco S&P/TSX Composite.. 3.88 % 0.00 %

+0.18 (+-0.10%)

CAD 0.07B
HEX:CA 3.66 % 0.84 %

N/A

N/A
RCDC:CA RBC Canadian Dividend Cov.. 3.46 % 0.00 %

+0.11 (+-0.10%)

N/A
PDF:CA Purpose Core Dividend 3.23 % 0.68 %

+0.01 (+-0.10%)

CAD 0.17B
CSCA:LSE iShares VII Public Limite.. 3.11 % 0.00 %

+8.00 (+-0.10%)

USD 1.15B
UC87:LSE UBS(Lux)Fund Solutions .. 3.09 % 0.00 %

+9.50 (+-0.10%)

USD 0.05B
FCCV:CA Fidelity Canadian Value I.. 2.96 % 0.00 %

-0.06 (-0.10%)

CAD 0.17B
D5BH:XETRA Xtrackers MSCI Canada ESG.. 2.93 % 0.00 %

+0.21 (+-0.10%)

USD 0.36B
XCAN:SW Xtrackers MSCI Canada ESG.. 2.93 % 0.00 %

+0.25 (+-0.10%)

USD 0.45B
SXR2:F iShares VII PLC - iShares.. 2.92 % 0.00 %

+0.26 (+-0.10%)

USD 1.07B
SXR2:XETRA iShares VII PLC - iShares.. 2.92 % 0.00 %

+0.50 (+-0.10%)

USD 1.07B
CSCA:SW iShares VII PLC - iShares.. 2.92 % 0.00 %

N/A

USD 1.14B
HCAN:PA HSBC MSCI Canada UCITS ET.. 2.92 % 0.00 %

+0.05 (+-0.10%)

USD 0.04B
HCAN:SW HSBC MSCI Canada UCITS ET.. 2.92 % 0.00 %

N/A

USD 0.04B
UIM9:F UBS ETF SICAV - MSCI Cana.. 2.89 % 0.00 %

+0.11 (+-0.10%)

USD 1.20B
UIM9:XETRA UBS ETF SICAV - MSCI Cana.. 2.89 % 0.00 %

+0.08 (+-0.10%)

USD 2.02B
CAHEUA:SW UBS(Lux)Fund Solutions .. 2.89 % 0.00 %

N/A

USD 0.06B
CANCDA:SW UBS(Lux)Fund Solutions .. 2.89 % 0.00 %

+0.20 (+-0.10%)

USD 1.20B
CANUKD:SW UBS(Lux)Fund Solutions .. 2.89 % 0.00 %

N/A

USD 5.76M
VCN:CA Vanguard FTSE Canada All .. 2.55 % 0.06 %

+0.26 (+-0.10%)

CAD 7.61B
TUSB-U:CA TD Select U.S. Short Term.. 2.35 % 0.00 %

N/A

CAD 8.25M
CDZ:CA iShares S&P/TSX Canadian .. 2.15 % 0.66 %

+0.31 (+-0.10%)

CAD 0.93B
UEFY:XETRA UBS - SBI Foreign AAA-BBB.. 1.02 % 0.00 %

+0.03 (+-0.10%)

USD 0.45B
SF1CHA:SW 1.02 % 0.00 %

N/A

N/A
F1ESG:SW UBS(Lux)Fund Solutions .. 1.02 % 0.00 %

-0.01 (-0.10%)

N/A
DBND DoubleLine Opportunistic .. 0.68 % 0.00 %

+0.04 (+-0.10%)

USD 0.33B
FVD:LSE First Trust Value Line® .. 0.52 % 0.00 %

+0.10 (+-0.10%)

USD 0.02B
CIC:CA CI Canadian Banks Covered.. 0.00 % 0.84 %

+0.08 (+-0.10%)

N/A
CPD:CA iShares S&P/TSX Canadian .. 0.00 % 0.50 %

+0.01 (+-0.10%)

CAD 1.01B
FIE:CA iShares Canadian Financia.. 0.00 % 0.97 %

+0.04 (+-0.10%)

CAD 1.06B
FLTR VanEck Investment Grade F.. 0.00 % 0.14 %

N/A

N/A
FTSM First Trust Enhanced Shor.. 0.00 % 0.33 %

+0.01 (+-0.10%)

USD 6.25B
FVL 0.00 % 0.70 %

N/A

N/A
HBG:CA 0.00 % 1.15 %

N/A

N/A
HEWC 0.00 % 0.03 %

N/A

N/A
HFP:CA 0.00 % 0.63 %

N/A

N/A
IDMO Invesco S&P International.. 0.00 % 0.25 %

+0.69 (+-0.10%)

N/A
IPFF 0.00 % 0.55 %

N/A

N/A
QCE:CA Mackenzie Canadian Large .. 0.00 % 0.06 %

+0.03 (+-0.10%)

CAD 0.14B
QCN:CA Mackenzie Canadian Equity.. 0.00 % 0.06 %

+0.86 (+-0.10%)

CAD 1.56B
QSB:CA Mackenzie Canadian Short-.. 0.00 % 0.11 %

N/A

CAD 0.04B
RQL:CA 0.00 % 0.29 %

N/A

N/A
ZCAN 0.00 % 0.30 %

N/A

N/A
DRMC:CA Desjardins RI Canada - Lo.. 0.00 % 0.29 %

+0.16 (+-0.10%)

CAD 0.04B
DRFC:CA Desjardins RI Canada Mult.. 0.00 % 0.57 %

+0.21 (+-0.10%)

CAD 0.22B
XGRO:CA iShares Core Growth ETF P.. 0.00 % 0.84 %

+0.23 (+-0.10%)

CAD 2.59B
FLCD:CA 0.00 % 0.00 %

N/A

N/A
FGO-U:CA CI Enhanced Government Bo.. 0.00 % 0.00 %

N/A

N/A
HBG-U:CA 0.00 % 0.00 %

N/A

N/A
RQJ:CA 0.00 % 0.28 %

N/A

N/A
VCE:CA Vanguard FTSE Canada 0.00 % 0.06 %

+0.21 (+-0.10%)

CAD 1.92B
XCV:CA iShares Canadian Value 0.00 % 0.55 %

+0.14 (+-0.10%)

CAD 0.07B
XDV:CA iShares Canadian Select D.. 0.00 % 0.55 %

+0.26 (+-0.10%)

CAD 1.69B
XFN:CA iShares S&P/TSX Capped Fi.. 0.00 % 0.61 %

+0.51 (+-0.10%)

CAD 1.52B
XIC:CA iShares Core S&P/TSX Capp.. 0.00 % 0.06 %

+0.21 (+-0.10%)

CAD 13.00B
XIU:CA iShares S&P/TSX 60 0.00 % 0.18 %

+0.19 (+-0.10%)

CAD 13.57B
XMV:CA iShares MSCI Canada Minim.. 0.00 % 0.33 %

+0.14 (+-0.10%)

CAD 0.23B
ZDV:CA BMO Canadian Dividend 0.00 % 0.38 %

+0.10 (+-0.10%)

CAD 1.08B
ZEB:CA BMO S&P/TSX Equal Weight .. 0.00 % 0.60 %

+0.33 (+-0.10%)

CAD 2.95B
ZST:CA BMO Ultra Short-Term Bond 0.00 % 0.17 %

N/A

CAD 2.83B
ZWB:CA BMO Covered Call Canadian.. 0.00 % 0.71 %

+0.11 (+-0.10%)

CAD 3.09B
BANK:CA Evolve Canadian Banks and.. 0.00 % 0.39 %

+0.05 (+-0.10%)

CAD 0.25B
HFY:CA 0.00 % 1.20 %

N/A

N/A
ZWC:CA BMO Canadian High Dividen.. 0.00 % 0.72 %

+0.06 (+-0.10%)

CAD 1.65B
BNC:CA 0.00 % 0.68 %

N/A

N/A
FLRM:CA 0.00 % 0.33 %

N/A

N/A
PDIV:CA Purpose Enhanced Dividend.. 0.00 % 0.86 %

-0.09 (-0.10%)

CAD 0.06B
RBNK:CA RBC Canadian Bank Yield I.. 0.00 % 0.33 %

+0.28 (+-0.10%)

CAD 0.26B
ZVC:CA BMO MSCI Canada Value Ind.. 0.00 % 0.40 %

+0.03 (+-0.10%)

CAD 0.06B
RMBO:CA 0.00 % 0.28 %

N/A

N/A
FLCA Franklin FTSE Canada ETF 0.00 % 0.09 %

+0.23 (+-0.10%)

USD 0.41B
JGST:LSE JPMorgan ETFs (Ireland) I.. 0.00 % 0.00 %

+0.04 (+-0.10%)

USD 0.11B
H4ZR:XETRA 0.00 % 0.00 %

N/A

N/A
TMEC:CA 0.00 % 0.00 %

N/A

N/A
HDIV 0.00 % 0.00 %

N/A

N/A
XIU 0.00 % 0.00 %

N/A

N/A
FST-A:CA 0.00 % 0.00 %

N/A

N/A
XCLR:CA 0.00 % 0.00 %

N/A

N/A
LCTD BlackRock World ex U.S. C.. 0.00 % 0.00 %

+0.98 (+-0.10%)

USD 0.26B

Market Performance

  Market Performance vs. Industry/Classification (Banks - Diversified) Market Performance vs. Exchange (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -7.33% 7% C- 20% F
Dividend Return 3.24% 78% C+ 79% B-
Total Return -4.09% 7% C- 23% F
Trailing 12 Months  
Capital Gain -5.98% 5% F 20% F
Dividend Return 6.53% 76% C+ 79% B-
Total Return 0.55% 7% C- 25% F
Trailing 5 Years  
Capital Gain -16.58% 6% D- 30% F
Dividend Return 28.78% 82% B 84% B
Total Return 12.20% 11% F 41% F
Average Annual (5 Year Horizon)  
Capital Gain 1.86% 53% F 49% F
Dividend Return 7.48% 56% F 58% F
Total Return 5.63% 95% A 84% B
Risk Return Profile  
Volatility (Standard Deviation) 30.10% 35% F 34% F
Risk Adjusted Return 24.87% 47% F 47% F
Market Capitalization 65.02B 19% F 96% N/A

Key Financial Ratios

  Ratio vs. Industry/Classification (Banks - Diversified) Ratio vs. Market (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 12.80 28% 74%
Price/Book Ratio 1.15 42% 65%
Price / Cash Flow Ratio 1.79 84% 76%
Price/Free Cash Flow Ratio N/A N/A N/A
Management Effectiveness  
Return on Equity 9.91% 51% 57%
Return on Invested Capital 1.93% 16% 30%
Return on Assets 0.57% 16% 26%
Debt to Equity Ratio 247.87% 12% 13%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector

Low Dividend Growth

This stock has shown below median dividend growth in the previous 5 years compared to its sector.