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

EQUITY | Banks - Diversified | New York Stock Exchange

Last Closing

USD 51.78

Change

+0.62 (+1.21)%

Market Cap

USD 65.02B

Volume

5.00M

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: 2024-03-28 )

Largest Industry Peers for Banks - Diversified

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

+0.12 (+0.06%)

USD 533.63B
JPM-PD JPMorgan Chase & Co

+0.09 (+0.36%)

USD 330.81B
JPM-PC JPMorgan Chase & Co

+0.11 (+0.44%)

USD 329.13B
BML-PG Bank of America Corporation

+0.06 (+0.27%)

USD 301.80B
BAC Bank of America Corp

-0.08 (-0.21%)

USD 301.46B
BML-PH Bank of America Corporation

+0.08 (+0.37%)

USD 291.23B
BAC-PE Bank of America Corporation

+0.08 (+0.34%)

USD 280.20B
BML-PL Bank of America Corporation

-0.03 (-0.14%)

USD 273.53B
BML-PJ Bank of America Corporation

N/A

USD 261.36B
BAC-PB Bank of America Corporation

+0.03 (+0.12%)

USD 251.68B

ETFs Containing BNS

HCA:CA Hamilton Canadian Bank Me.. 27.20 % 0.00 %

+0.03 (+0.07%)

CAD 0.07B
CIC:CA CI Canadian Banks Covered.. 16.99 % 0.84 %

+0.03 (+0.07%)

CAD 0.19B
HEB:CA Hamilton Canadian Bank Eq.. 15.72 % 0.00 %

+0.07 (+0.07%)

CAD 0.69B
HBNK:CA Horizons Equal Weight Ban.. 15.71 % 0.00 %

+0.04 (+0.07%)

CAD 0.75B
CBNK:CA Mulvihill Canadian Bank E.. 12.58 % 0.00 %

+0.02 (+0.07%)

CAD 0.09B
CEW:CA iShares Equal Weight Banc.. 10.45 % 0.60 %

+0.07 (+0.07%)

CAD 0.19B
ZWB-U:CA BMO Covered Call Canadian.. 10.36 % 0.00 %

-0.08 (0.07%)

N/A
HFIN:CA Hamilton Enhanced Canadia.. 10.08 % 0.00 %

+0.08 (+0.07%)

CAD 0.12B
HMAX:CA Hamilton Canadian Financi.. 9.59 % 0.00 %

+0.07 (+0.07%)

CAD 0.73B
HEF:CA Horizons Enhanced Income .. 8.01 % 0.83 %

N/A

CAD 0.15B
TBNK:CA TD Canadian Bank Dividend.. 5.09 % 0.00 %

-0.16 (0.07%)

CAD 0.04B
XCSR:CA iShares ESG Advanced MSCI.. 4.97 % 0.00 %

+0.34 (+0.07%)

CAD 0.20B
XESG:CA iShares ESG Aware MSCI Ca.. 4.83 % 0.00 %

+0.16 (+0.07%)

CAD 0.37B
ICAE:CA Invesco S&P/TSX Canadian .. 4.81 % 0.00 %

N/A

CAD 7.07M
IXTE:CA Invesco S&P/TSX 60 ESG Ti.. 4.76 % 0.00 %

N/A

CAD 2.91M
TMEC:CA TD Morningstar ESG Canada.. 4.42 % 0.00 %

-0.01 (0.07%)

CAD 0.02B
IUTSF 4.35 % 0.00 %

N/A

N/A
ESGC:CA Invesco S&P/TSX Composite.. 4.27 % 0.00 %

+0.05 (+0.07%)

CAD 0.07B
FIE:CA iShares Canadian Financia.. 4.08 % 0.97 %

+0.03 (+0.07%)

CAD 0.97B
CDIV:CA Manulife Smart Dividend E.. 4.07 % 0.00 %

+0.05 (+0.07%)

CAD 0.51B
RCDC:CA RBC Canadian Dividend Cov.. 3.88 % 0.00 %

N/A

CAD 0.03B
HEX:CA Horizons Enhanced Income .. 3.66 % 0.84 %

N/A

CAD 0.07B
ICTE:CA Invesco S&P/TSX Composite.. 3.50 % 0.00 %

N/A

CAD 0.99M
HLIF:CA Harvest Canadian Equity I.. 3.40 % 0.00 %

+0.04 (+0.07%)

CAD 0.11B
XCAN:SW Xtrackers MSCI Canada ESG.. 3.26 % 0.00 %

+0.30 (+0.07%)

USD 0.36B
FCCV:CA Fidelity Canadian Value I.. 3.24 % 0.00 %

+0.04 (+0.07%)

CAD 0.14B
CAHEUA:SW UBS(Lux)Fund Solutions .. 3.15 % 0.00 %

+0.21 (+0.07%)

USD 0.05B
CANCDA:SW UBS(Lux)Fund Solutions .. 3.15 % 0.00 %

+0.41 (+0.07%)

USD 1.02B
CANUKD:SW UBS(Lux)Fund Solutions .. 3.15 % 0.00 %

+0.05 (+0.07%)

USD 2.90M
CSCA:SW iShares VII PLC - iShares.. 3.15 % 0.00 %

N/A

USD 1.03B
CAHCHA:SW UBS(Lux)Fund Solutions .. 3.03 % 0.00 %

+0.15 (+0.07%)

USD 0.03B
CAHGBA:SW UBS(Lux)Fund Solutions .. 3.03 % 0.00 %

N/A

USD 0.05B
CAHUSA:SW UBS(Lux)Fund Solutions .. 3.03 % 0.00 %

+0.43 (+0.07%)

USD 0.06B
CANA:SW UBS (LUX) FUND SOLUTIONS .. 3.03 % 0.00 %

N/A

N/A
CAHGBD:SW UBS(Lux)Fund Solutions .. 3.03 % 0.00 %

N/A

USD 3.83M
HCAN:SW HSBC MSCI Canada UCITS ET.. 3.02 % 0.00 %

N/A

USD 0.03B
CCEI:CA CIBC Canadian Equity Inde.. 2.63 % 0.00 %

+0.05 (+0.07%)

CAD 0.55B
CDEF:CA Manulife Smart Defensive .. 2.60 % 0.00 %

N/A

CAD 1.24M
CDZ:CA iShares S&P/TSX Canadian .. 2.38 % 0.66 %

+0.09 (+0.07%)

CAD 0.86B
LCTD BlackRock World ex U.S. C.. 1.26 % 0.00 %

+0.38 (+0.07%)

USD 0.28B
UEFY:XETRA UBS - SBI Foreign AAA-BBB.. 1.02 % 0.00 %

+0.03 (+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 %

+0.01 (+0.07%)

USD 0.39B
DBND DoubleLine Opportunistic .. 0.68 % 0.00 %

+0.06 (+0.07%)

USD 0.27B
CPD:CA iShares S&P/TSX Canadian .. 0.00 % 0.50 %

+0.05 (+0.07%)

CAD 1.03B
EWC iShares MSCI Canada ETF 0.00 % 0.47 %

+0.13 (+0.07%)

USD 2.85B
FLTR VanEck Investment Grade F.. 0.00 % 0.14 %

+0.02 (+0.07%)

USD 1.50B
FTSM First Trust Enhanced Shor.. 0.00 % 0.33 %

+0.02 (+0.07%)

USD 6.66B
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 Horizons Active Hybrid Bo.. 0.00 % 0.63 %

N/A

CAD 0.06B
IDMO Invesco S&P International.. 0.00 % 0.25 %

+0.39 (+0.07%)

USD 0.17B
IPFF 0.00 % 0.55 %

N/A

N/A
PDC:CA Invesco Canadian Dividend.. 0.00 % 0.55 %

-0.07 (0.07%)

CAD 0.76B
PDF:CA Purpose Core Dividend 0.00 % 0.68 %

-0.03 (0.07%)

CAD 0.16B
PXC:CA Invesco FTSE RAFI Canadia.. 0.00 % 0.50 %

+0.28 (+0.07%)

CAD 0.18B
RCD:CA RBC Quant Canadian Divide.. 0.00 % 0.43 %

+0.12 (+0.07%)

CAD 0.14B
QCE:CA Mackenzie Canadian Large .. 0.00 % 0.06 %

+0.33 (+0.07%)

CAD 0.12B
QCN:CA Mackenzie Canadian Equity.. 0.00 % 0.06 %

+0.62 (+0.07%)

CAD 1.37B
QSB:CA Mackenzie Canadian Short-.. 0.00 % 0.11 %

-0.07 (0.07%)

CAD 0.10B
RQL:CA RBC Target 2024 Corporate.. 0.00 % 0.29 %

+0.01 (+0.07%)

CAD 0.37B
ZCAN 0.00 % 0.30 %

N/A

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

+0.13 (+0.07%)

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

+0.08 (+0.07%)

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

+0.19 (+0.07%)

CAD 2.13B
FLCD:CA 0.00 % 0.00 %

N/A

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

+0.03 (+0.07%)

CAD 0.73B
HBG-U:CA 0.00 % 0.00 %

N/A

N/A
CCAU:LSE iShares VII PLC - iShares.. 0.00 % 0.00 %

+1.22 (+0.07%)

USD 1.01B
RQJ:CA 0.00 % 0.28 %

N/A

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

+0.16 (+0.07%)

CAD 1.68B
VCN:CA Vanguard FTSE Canada All .. 0.00 % 0.06 %

+0.18 (+0.07%)

CAD 6.54B
VDY:CA Vanguard FTSE Canadian Hi.. 0.00 % 0.22 %

+0.07 (+0.07%)

CAD 2.48B
XCV:CA iShares Canadian Value 0.00 % 0.55 %

+0.09 (+0.07%)

CAD 0.09B
XDV:CA iShares Canadian Select D.. 0.00 % 0.55 %

+0.05 (+0.07%)

CAD 1.51B
XFN:CA iShares S&P/TSX Capped Fi.. 0.00 % 0.61 %

+0.24 (+0.07%)

CAD 1.39B
XIC:CA iShares Core S&P/TSX Capp.. 0.00 % 0.06 %

+0.16 (+0.07%)

CAD 11.42B
XIU:CA iShares S&P/TSX 60 0.00 % 0.18 %

+0.13 (+0.07%)

CAD 12.31B
XMV:CA iShares MSCI Canada Minim.. 0.00 % 0.33 %

+0.10 (+0.07%)

CAD 0.20B
ZCN:CA BMO S&P/TSX Capped Compos.. 0.00 % 0.05 %

+0.12 (+0.07%)

CAD 7.38B
ZDV:CA BMO Canadian Dividend 0.00 % 0.38 %

-0.01 (0.07%)

CAD 0.97B
ZEB:CA BMO S&P/TSX Equal Weight .. 0.00 % 0.60 %

-0.03 (0.07%)

CAD 3.75B
ZST:CA BMO Ultra Short-Term Bond 0.00 % 0.17 %

-0.20 (0.07%)

CAD 1.64B
ZWB:CA BMO Covered Call Canadian.. 0.00 % 0.71 %

-0.07 (0.07%)

CAD 2.98B
BANK:CA Evolve Canadian Banks and.. 0.00 % 0.39 %

+0.03 (+0.07%)

CAD 0.15B
HFY:CA 0.00 % 1.20 %

N/A

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

-0.06 (0.07%)

CAD 1.62B
BNC:CA 0.00 % 0.68 %

N/A

N/A
MCLC:CA Manulife Multifactor Cana.. 0.00 % 0.45 %

+0.23 (+0.07%)

CAD 0.33B
FLRM:CA 0.00 % 0.33 %

N/A

N/A
ZVC:CA BMO MSCI Canada Value Ind.. 0.00 % 0.40 %

N/A

CAD 0.02B
RMBO:CA 0.00 % 0.28 %

N/A

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

+0.15 (+0.07%)

USD 0.40B
CSCA:LSE iShares VII Public Limite.. 0.00 % 0.00 %

+177.00 (+0.07%)

USD 1.01B
HCAD:LSE HSBC ETFs Public Limited .. 0.00 % 0.00 %

+0.18 (+0.07%)

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

+19.25 (+0.07%)

USD 0.03B
JGST:LSE JPMorgan ETFs (Ireland) I.. 0.00 % 0.00 %

+0.01 (+0.07%)

USD 0.18B
UB23:LSE UBS MSCI Canada UCITS CAD.. 0.00 % 0.00 %

+32.00 (+0.07%)

USD 1.03B
UC87:LSE UBS(Lux)Fund Solutions .. 0.00 % 0.00 %

+13.50 (+0.07%)

USD 0.05B
XCAD:LSE Xtrackers MSCI Canada ESG.. 0.00 % 0.00 %

+0.52 (+0.07%)

USD 0.36B
HCAN:PA HSBC MSCI Canada UCITS ET.. 0.00 % 0.00 %

+0.23 (+0.07%)

USD 0.03B
D5BH:F Xtrackers - MSCI Canada U.. 0.00 % 0.00 %

+1.25 (+0.07%)

USD 0.36B
H4ZR:F HSBC ETFs Public Limited .. 0.00 % 0.00 %

N/A

USD 0.03B
SXR2:F iShares VII PLC - iShares.. 0.00 % 0.00 %

+2.36 (+0.07%)

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

+0.68 (+0.07%)

USD 1.02B
D5BH:XETRA Xtrackers MSCI Canada ESG.. 0.00 % 0.00 %

+0.60 (+0.07%)

USD 0.36B
H4ZR:XETRA HSBC MSCI Canada UCITS ET.. 0.00 % 0.00 %

N/A

USD 0.03B
SXR2:XETRA iShares VII PLC - iShares.. 0.00 % 0.00 %

+1.78 (+0.07%)

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

+0.38 (+0.07%)

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

+0.16 (+0.07%)

CAD 0.09B
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

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 6.35% 64% D 62% D
Dividend Return 1.64% 72% C 75% C
Total Return 7.98% 64% D 66% D+
Trailing 12 Months  
Capital Gain 3.33% 20% F 39% F
Dividend Return 6.22% 70% C- 77% C+
Total Return 9.56% 18% F 43% F
Trailing 5 Years  
Capital Gain -2.82% 15% F 40% F
Dividend Return 29.39% 89% A- 84% B
Total Return 26.57% 25% F 50% F
Average Annual (5 Year Horizon)  
Capital Gain 0.50% 50% F 44% F
Dividend Return 6.09% 55% F 56% F
Total Return 5.60% 93% A 85% B
Risk Return Profile  
Volatility (Standard Deviation) 30.81% 34% F 36% F
Risk Adjusted Return 19.78% 41% F 45% F
Market Capitalization 65.02B 14% 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 27% 70%
Price/Book Ratio 1.21 38% 61%
Price / Cash Flow Ratio 1.99 76% 70%
Price/Free Cash Flow Ratio N/A N/A N/A
Management Effectiveness  
Return on Equity 10.20% 53% 58%
Return on Invested Capital 1.93% 18% 31%
Return on Assets 0.58% 22% 27%
Debt to Equity Ratio 247.87% 10% 12%

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