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

EQUITY | Banks - Diversified | New York Stock Exchange

Last Closing

USD 47.98

Change

+0.83 (+1.76)%

Market Cap

USD 65.02B

Volume

1.58M

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: 2024-07-16 )

Largest Industry Peers for Banks - Diversified

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

-0.03 (-0.12%)

USD 331.75B
JPM-PD JPMorgan Chase & Co

+0.04 (+0.16%)

USD 331.34B
BAC Bank of America Corp

-0.25 (-0.63%)

USD 307.82B
BML-PG Bank of America Corporation

+0.10 (+0.44%)

USD 303.69B
BML-PH Bank of America Corporation

+0.11 (+0.50%)

USD 298.28B
BAC-PE Bank of America Corporation

-0.10 (-0.42%)

USD 286.02B
BML-PL Bank of America Corporation

-0.03 (-0.13%)

USD 277.97B
BML-PJ Bank of America Corporation

-0.03 (-0.14%)

USD 264.95B
BAC-PB Bank of America Corporation

+0.01 (+0.04%)

USD 251.48B
BAC-PK Bank of America Corporation

-0.04 (-0.16%)

USD 250.62B

ETFs Containing BNS

RBNK:CA RBC Canadian Bank Yield I.. 25.07 % 0.33 %

-0.24 (-0.06%)

CAD 0.24B
HEB:CA Hamilton Canadian Bank Eq.. 15.99 % 0.00 %

-0.08 (-0.06%)

CAD 0.68B
ZEB:CA BMO S&P/TSX Equal Weight .. 15.86 % 0.60 %

-0.15 (-0.06%)

CAD 3.01B
HBNK:CA Global X Equal Weight Can.. 15.72 % 0.00 %

-0.11 (-0.06%)

N/A
CBNK:CA Mulvihill Canadian Bank E.. 13.01 % 0.00 %

-0.04 (-0.06%)

CAD 0.11B
BANK:CA Evolve Canadian Banks and.. 11.86 % 0.39 %

+0.01 (+-0.06%)

CAD 0.23B
ZWB:CA BMO Covered Call Canadian.. 10.78 % 0.71 %

-0.07 (-0.06%)

CAD 3.01B
ZWB-U:CA BMO Covered Call Canadian.. 10.78 % 0.00 %

-0.14 (-0.06%)

N/A
HFIN:CA Hamilton Enhanced Canadia.. 10.29 % 0.00 %

+0.01 (+-0.06%)

CAD 0.14B
CEW:CA iShares Equal Weight Banc.. 9.71 % 0.60 %

-0.08 (-0.06%)

CAD 0.21B
HMAX:CA Hamilton Canadian Financi.. 9.21 % 0.00 %

-0.02 (-0.06%)

N/A
HEF:CA 8.01 % 0.83 %

N/A

N/A
XFN:CA iShares S&P/TSX Capped Fi.. 7.70 % 0.61 %

-0.16 (-0.06%)

CAD 1.50B
XCV:CA iShares Canadian Value 5.57 % 0.55 %

-0.18 (-0.06%)

CAD 0.07B
VDY:CA Vanguard FTSE Canadian Hi.. 5.56 % 0.22 %

-0.25 (-0.06%)

CAD 2.83B
ESGA:CA BMO MSCI Canada ESG Leade.. 5.47 % 0.00 %

-0.15 (-0.06%)

CAD 0.09B
ZVC:CA BMO MSCI Canada Value Ind.. 5.37 % 0.40 %

-0.08 (-0.06%)

CAD 0.05B
RCD:CA RBC Quant Canadian Divide.. 5.23 % 0.43 %

+0.01 (+-0.06%)

CAD 0.18B
XDV:CA iShares Canadian Select D.. 5.16 % 0.55 %

-0.22 (-0.06%)

CAD 1.62B
PXC:CA Invesco FTSE RAFI Canadia.. 5.01 % 0.50 %

-0.09 (-0.06%)

CAD 0.18B
ZDV:CA BMO Canadian Dividend 4.96 % 0.38 %

-0.03 (-0.06%)

CAD 1.06B
IXTE:CA Invesco S&P/TSX 60 ESG Ti.. 4.65 % 0.00 %

N/A

CAD 3.09M
ICAE:CA Invesco S&P/TSX Canadian .. 4.62 % 0.00 %

-0.03 (-0.06%)

CAD 7.43M
TBNK:CA TD Canadian Bank Dividend.. 4.51 % 0.00 %

-0.19 (-0.06%)

CAD 0.02B
IUTSF 4.35 % 0.00 %

N/A

N/A
ICTE:CA Invesco S&P/TSX Composite.. 3.82 % 0.00 %

N/A

CAD 1.05M
HEX:CA 3.66 % 0.84 %

N/A

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

+0.01 (+-0.06%)

N/A
PDF:CA Purpose Core Dividend 3.19 % 0.68 %

-0.07 (-0.06%)

CAD 0.17B
FLCA Franklin FTSE Canada ETF 3.15 % 0.09 %

-0.02 (-0.06%)

USD 0.39B
DRFC:CA Desjardins RI Canada Mult.. 2.86 % 0.57 %

-0.05 (-0.06%)

CAD 0.23B
DRMC:CA Desjardins RI Canada - Lo.. 2.56 % 0.29 %

-0.09 (-0.06%)

CAD 0.04B
PDIV:CA Purpose Enhanced Dividend.. 2.42 % 0.86 %

-0.02 (-0.06%)

CAD 0.06B
TUSB:CA TD Select U.S. Short Term.. 2.35 % 0.28 %

N/A

CAD 8.45M
CDZ:CA iShares S&P/TSX Canadian .. 2.10 % 0.66 %

-0.16 (-0.06%)

CAD 0.91B
UEFY:XETRA UBS - SBI Foreign AAA-BBB.. 1.02 % 0.00 %

+0.06 (+-0.06%)

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 (-0.06%)

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

+0.01 (+-0.06%)

USD 0.32B
CIC:CA CI Canadian Banks Covered.. 0.00 % 0.84 %

-0.04 (-0.06%)

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

-0.03 (-0.06%)

CAD 1.02B
FIE:CA iShares Canadian Financia.. 0.00 % 0.97 %

-0.02 (-0.06%)

CAD 1.03B
FLTR VanEck Investment Grade F.. 0.00 % 0.14 %

+0.02 (+-0.06%)

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

+0.01 (+-0.06%)

USD 6.16B
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 %

+0.28 (+-0.06%)

N/A
IPFF 0.00 % 0.55 %

N/A

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

N/A

CAD 0.04B
RQL:CA RBC Target 2024 Corporate.. 0.00 % 0.29 %

+0.01 (+-0.06%)

CAD 0.27B
ZCAN 0.00 % 0.30 %

N/A

N/A
XGRO:CA iShares Core Growth ETF P.. 0.00 % 0.84 %

-0.03 (-0.06%)

CAD 2.51B
FLCD:CA 0.00 % 0.00 %

N/A

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

-0.12 (-0.06%)

CAD 0.41B
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 %

-0.05 (-0.06%)

CAD 0.23B
ZST:CA BMO Ultra Short-Term Bond 0.00 % 0.17 %

-0.02 (-0.06%)

CAD 2.61B
HFY:CA 0.00 % 1.20 %

N/A

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

-0.03 (-0.06%)

CAD 1.64B
BNC:CA 0.00 % 0.68 %

N/A

N/A
FLRM:CA 0.00 % 0.33 %

N/A

N/A
RMBO:CA 0.00 % 0.28 %

N/A

N/A
JGST:LSE JPMorgan ETFs (Ireland) I.. 0.00 % 0.00 %

N/A

USD 0.11B
UC87:LSE UBS(Lux)Fund Solutions .. 0.00 % 0.00 %

-4.50 (-0.06%)

USD 0.05B
H4ZR:XETRA 0.00 % 0.00 %

N/A

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

-0.08 (-0.06%)

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

-0.09 (-0.06%)

CAD 0.17B
XCSR:CA iShares ESG Advanced MSCI.. 0.00 % 0.00 %

-0.19 (-0.06%)

CAD 0.23B
CDIV:CA Manulife Smart Dividend E.. 0.00 % 0.00 %

-0.04 (-0.06%)

CAD 0.57B
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 %

+0.22 (+-0.06%)

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 -1.46% 7% C- 23% F
Dividend Return 4.84% 95% A 89% A-
Total Return 3.38% 17% F 34% F
Trailing 12 Months  
Capital Gain -4.67% 7% C- 22% F
Dividend Return 6.22% 65% D 78% C+
Total Return 1.55% 7% C- 26% F
Trailing 5 Years  
Capital Gain -9.88% 10% F 35% F
Dividend Return 29.07% 82% B 84% B
Total Return 19.19% 50% F 48% F
Average Annual (5 Year Horizon)  
Capital Gain 2.11% 53% F 49% F
Dividend Return 7.76% 56% F 58% F
Total Return 5.65% 89% A- 84% B
Risk Return Profile  
Volatility (Standard Deviation) 29.94% 36% F 35% F
Risk Adjusted Return 25.92% 47% F 48% F
Market Capitalization 65.02B 13% 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 31% 74%
Price/Book Ratio 1.15 42% 65%
Price / Cash Flow Ratio 1.81 84% 76%
Price/Free Cash Flow Ratio N/A N/A N/A
Management Effectiveness  
Return on Equity 9.91% 52% 58%
Return on Invested Capital 1.93% 14% 30%
Return on Assets 0.57% 17% 26%
Debt to Equity Ratio 247.87% 13% 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