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

EQUITY | Banks - Diversified | New York Stock Exchange

Last Closing

USD 46.33

Change

+0.62 (+1.36)%

Market Cap

USD 65.02B

Volume

2.12M

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: 2024-07-10 )

Largest Industry Peers for Banks - Diversified

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

+0.05 (+0.20%)

USD 335.55B
JPM-PD JPMorgan Chase & Co

+0.15 (+0.60%)

USD 335.33B
BAC Bank of America Corp

-0.43 (-1.03%)

USD 320.42B
BML-PH Bank of America Corporation

+0.22 (+0.95%)

USD 311.17B
BML-PG Bank of America Corporation

+0.31 (+1.34%)

USD 310.44B
BML-PL Bank of America Corporation

+0.19 (+0.79%)

USD 297.06B
BAC-PE Bank of America Corporation

+0.13 (+0.53%)

USD 291.25B
BML-PJ Bank of America Corporation

+0.20 (+0.84%)

USD 276.86B
BAC-PB Bank of America Corporation

-0.01 (-0.04%)

USD 251.08B
BAC-PK Bank of America Corporation

+0.01 (+0.04%)

USD 251.02B

ETFs Containing BNS

RBNK:CA RBC Canadian Bank Yield I.. 25.89 % 0.33 %

+0.04 (+0.07%)

CAD 0.27B
HEB:CA Hamilton Canadian Bank Eq.. 16.87 % 0.00 %

+0.01 (+0.07%)

CAD 0.76B
HBNK:CA Global X Equal Weight Can.. 15.72 % 0.00 %

N/A

N/A
ZEB:CA BMO S&P/TSX Equal Weight .. 15.42 % 0.60 %

+0.02 (+0.07%)

CAD 3.58B
CBNK:CA Mulvihill Canadian Bank E.. 13.19 % 0.00 %

-0.03 (0.07%)

CAD 0.12B
BANK:CA Evolve Canadian Banks and.. 12.54 % 0.39 %

+0.02 (+0.07%)

CAD 0.28B
ZWB-U:CA BMO Covered Call Canadian.. 12.15 % 0.00 %

+0.25 (+0.07%)

N/A
ZWB:CA BMO Covered Call Canadian.. 10.53 % 0.71 %

+0.02 (+0.07%)

CAD 3.13B
HFIN:CA Hamilton Enhanced Canadia.. 10.30 % 0.00 %

-0.07 (0.07%)

CAD 0.17B
HMAX:CA Hamilton Canadian Financi.. 9.21 % 0.00 %

+0.04 (+0.07%)

N/A
XFN:CA iShares S&P/TSX Capped Fi.. 8.17 % 0.61 %

+0.05 (+0.07%)

CAD 1.62B
PDC:CA Invesco Canadian Dividend.. 7.78 % 0.55 %

+0.02 (+0.07%)

CAD 0.82B
ZVC:CA BMO MSCI Canada Value Ind.. 5.91 % 0.40 %

+0.07 (+0.07%)

CAD 0.06B
XCV:CA iShares Canadian Value 5.85 % 0.55 %

-0.01 (0.07%)

CAD 0.07B
VDY:CA Vanguard FTSE Canadian Hi.. 5.67 % 0.22 %

-0.02 (0.07%)

CAD 3.15B
PXC:CA Invesco FTSE RAFI Canadia.. 5.47 % 0.50 %

+0.09 (+0.07%)

CAD 0.19B
XDV:CA iShares Canadian Select D.. 5.40 % 0.55 %

-0.11 (0.07%)

CAD 1.75B
RCD:CA RBC Quant Canadian Divide.. 5.23 % 0.43 %

-0.01 (0.07%)

CAD 0.19B
ICAE:CA Invesco S&P/TSX Canadian .. 5.02 % 0.00 %

-0.04 (0.07%)

CAD 7.99M
IXTE:CA Invesco S&P/TSX 60 ESG Ti.. 4.99 % 0.00 %

-0.02 (0.07%)

CAD 4.33M
TBNK:CA TD Canadian Bank Dividend.. 4.98 % 0.00 %

-0.06 (0.07%)

CAD 0.02B
ZDV:CA BMO Canadian Dividend 4.83 % 0.38 %

-0.03 (0.07%)

CAD 1.12B
IUTSF 4.35 % 0.00 %

N/A

N/A
ICTE:CA Invesco S&P/TSX Composite.. 4.13 % 0.00 %

-0.02 (0.07%)

CAD 1.10M
XEI:CA iShares S&P/TSX Composite.. 3.98 % 0.22 %

N/A

CAD 1.73B
RCDC:CA RBC Canadian Dividend Cov.. 3.46 % 0.00 %

-0.09 (0.07%)

N/A
PDF:CA Purpose Core Dividend 3.46 % 0.68 %

-0.03 (0.07%)

CAD 0.17B
FLCA Franklin FTSE Canada ETF 3.39 % 0.09 %

+0.07 (+0.07%)

USD 0.40B
XIU:CA iShares S&P/TSX 60 3.26 % 0.18 %

+0.01 (+0.07%)

CAD 14.56B
CNDX:CA Global X S&P/TSX 60 Index.. 3.26 % 0.00 %

+0.02 (+0.07%)

CAD 0.10B
QCE:CA Mackenzie Canadian Large .. 3.25 % 0.06 %

-0.09 (0.07%)

CAD 0.14B
VCE:CA Vanguard FTSE Canada 3.20 % 0.06 %

-0.08 (0.07%)

CAD 2.04B
ZIU:CA BMO S&P/TSX 60 Index ETF 3.17 % 0.00 %

-0.25 (0.07%)

CAD 0.07B
D5BH:XETRA Xtrackers MSCI Canada ESG.. 3.16 % 0.00 %

-0.20 (0.07%)

USD 0.36B
XCAN:SW Xtrackers MSCI Canada ESG.. 3.16 % 0.00 %

-0.32 (0.07%)

USD 0.56B
SXR2:F iShares VII PLC - iShares.. 3.11 % 0.00 %

+0.50 (+0.07%)

USD 1.07B
CSCA:SW iShares VII PLC - iShares.. 3.11 % 0.00 %

N/A

USD 1.16B
HCAN:PA HSBC MSCI Canada UCITS ET.. 3.10 % 0.00 %

-0.02 (0.07%)

USD 0.03B
HCAN:SW HSBC MSCI Canada UCITS ET.. 3.10 % 0.00 %

-0.10 (0.07%)

USD 0.03B
UIM9:F UBS ETF SICAV - MSCI Cana.. 3.10 % 0.00 %

N/A

USD 1.21B
CAHEUA:SW UBS(Lux)Fund Solutions .. 3.10 % 0.00 %

N/A

USD 0.07B
CANCDA:SW UBS(Lux)Fund Solutions .. 3.10 % 0.00 %

-0.02 (0.07%)

USD 1.23B
CANUKD:SW UBS(Lux)Fund Solutions .. 3.10 % 0.00 %

N/A

USD 8.02M
ETSX:CA Evolve S&P/TSX 60 Enhance.. 3.03 % 0.00 %

+0.08 (+0.07%)

CAD 0.03B
UC87:LSE UBS(Lux)Fund Solutions .. 2.99 % 0.00 %

-0.75 (0.07%)

USD 0.05B
XIC:CA iShares Core S&P/TSX Capp.. 2.63 % 0.06 %

+0.02 (+0.07%)

CAD 13.54B
QCN:CA Mackenzie Canadian Equity.. 2.62 % 0.06 %

-0.10 (0.07%)

CAD 1.59B
PDIV:CA Purpose Enhanced Dividend.. 2.59 % 0.86 %

N/A

CAD 0.06B
CDEF:CA Manulife Smart Defensive .. 2.57 % 0.00 %

N/A

CAD 1.40M
VCN:CA Vanguard FTSE Canada All .. 2.55 % 0.06 %

-0.03 (0.07%)

CAD 7.98B
TUSB:CA TD Select U.S. Short Term.. 2.35 % 0.28 %

-0.03 (0.07%)

CAD 0.01B
CID VictoryShares Internation.. 1.48 % 0.45 %

-700.00 (0.07%)

USD 0.01B
UEFY:XETRA UBS - SBI Foreign AAA-BBB.. 1.02 % 0.00 %

+0.11 (+0.07%)

USD 0.45B
SF1CHA:SW 1.02 % 0.00 %

N/A

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

-0.02 (0.07%)

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

+0.18 (+0.07%)

USD 0.35B
CDZ:CA iShares S&P/TSX Canadian .. 0.00 % 0.66 %

+0.05 (+0.07%)

CAD 0.97B
CEW:CA iShares Equal Weight Banc.. 0.00 % 0.60 %

+0.06 (+0.07%)

CAD 0.23B
CIC:CA CI Canadian Banks Covered.. 0.00 % 0.84 %

+0.01 (+0.07%)

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

-0.02 (0.07%)

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

N/A

CAD 1.08B
FLTR VanEck Investment Grade F.. 0.00 % 0.14 %

-0.01 (0.07%)

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

+0.02 (+0.07%)

USD 6.18B
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
HEX:CA 0.00 % 0.84 %

N/A

N/A
HFP:CA 0.00 % 0.63 %

N/A

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

-0.02 (0.07%)

N/A
IPFF 0.00 % 0.55 %

N/A

N/A
QSB:CA Mackenzie Canadian Short-.. 0.00 % 0.11 %

+0.07 (+0.07%)

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 - Ne.. 0.00 % 0.29 %

+0.04 (+0.07%)

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

+0.06 (+0.07%)

CAD 0.23B
XGRO:CA iShares Core Growth ETF P.. 0.00 % 0.84 %

-0.07 (0.07%)

CAD 2.68B
FLCD:CA 0.00 % 0.00 %

N/A

N/A
XESG:CA iShares ESG Aware MSCI Ca.. 0.00 % 0.00 %

-0.02 (0.07%)

CAD 0.44B
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
XMV:CA iShares MSCI Canada Minim.. 0.00 % 0.33 %

-0.12 (0.07%)

CAD 0.24B
ZST:CA BMO Ultra Short-Term Bond 0.00 % 0.17 %

-0.01 (0.07%)

CAD 3.16B
HFY:CA 0.00 % 1.20 %

N/A

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

-0.07 (0.07%)

CAD 1.64B
BNC:CA Purpose Canadian Financia.. 0.00 % 0.68 %

+0.12 (+0.07%)

N/A
FLRM:CA 0.00 % 0.33 %

N/A

N/A
RMBO:CA 0.00 % 0.28 %

N/A

N/A
CSCA:LSE iShares VII Public Limite.. 0.00 % 0.00 %

+27.00 (+0.07%)

USD 1.16B
JGST:LSE JPMorgan ETFs (Ireland) I.. 0.00 % 0.00 %

-0.01 (0.07%)

USD 0.12B
H4ZR:XETRA 0.00 % 0.00 %

N/A

N/A
SXR2:XETRA iShares VII PLC - iShares.. 0.00 % 0.00 %

-0.50 (0.07%)

USD 1.07B
UIM9:XETRA UBS ETF SICAV - MSCI Cana.. 0.00 % 0.00 %

-0.08 (0.07%)

USD 2.02B
ESGA:CA BMO MSCI Canada ESG Leade.. 0.00 % 0.00 %

-0.05 (0.07%)

CAD 0.09B
ESGC:CA Invesco S&P/TSX Composite.. 0.00 % 0.00 %

-0.12 (0.07%)

CAD 0.07B
FCCV:CA Fidelity Canadian Value E.. 0.00 % 0.00 %

N/A

CAD 0.21B
TQCD:CA TD Q Canadian Dividend ET.. 0.00 % 0.00 %

+0.03 (+0.07%)

CAD 0.38B
XCSR:CA iShares ESG Advanced MSCI.. 0.00 % 0.00 %

+0.02 (+0.07%)

CAD 0.26B
CDIV:CA Manulife Smart Dividend E.. 0.00 % 0.00 %

+0.01 (+0.07%)

CAD 0.61B
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
CCEI:CA CIBC Canadian Equity Inde.. 0.00 % 0.00 %

+0.03 (+0.07%)

CAD 0.49B
LCTD BlackRock World ex U.S. C.. 0.00 % 0.00 %

+0.18 (+0.07%)

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 -4.85% 7% C- 24% F
Dividend Return 4.84% 91% A- 91% A-
Total Return -0.01% 7% C- 30% F
Trailing 12 Months  
Capital Gain -5.55% 7% C- 24% F
Dividend Return 6.38% 75% C 79% B-
Total Return 0.84% 7% C- 29% F
Trailing 5 Years  
Capital Gain -13.43% 6% D- 33% F
Dividend Return 28.92% 78% C+ 85% B
Total Return 15.48% 47% F 48% F
Average Annual (5 Year Horizon)  
Capital Gain 2.02% 53% F 49% F
Dividend Return 7.67% 56% F 58% F
Total Return 5.64% 89% A- 84% B
Risk Return Profile  
Volatility (Standard Deviation) 29.99% 36% F 35% F
Risk Adjusted Return 25.57% 47% F 48% F
Market Capitalization 65.02B 12% 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 38% 64%
Price / Cash Flow Ratio 1.77 79% 76%
Price/Free Cash Flow Ratio N/A N/A N/A
Management Effectiveness  
Return on Equity 9.91% 54% 58%
Return on Invested Capital 1.93% 15% 30%
Return on Assets 0.57% 15% 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