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

EQUITY | Banks - Diversified | New York Stock Exchange

Last Closing

USD 46.44

Change

-0.12 (-0.26)%

Market Cap

USD 65.02B

Volume

1.90M

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: 2024-04-29 )

Largest Industry Peers for Banks - Diversified

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

-9.21 (-4.50%)

USD 570.80B
JPM-PD JPMorgan Chase & Co

+0.09 (+0.36%)

USD 330.80B
JPM-PC JPMorgan Chase & Co

+0.01 (+0.04%)

USD 330.18B
BAC Bank of America Corp

-0.47 (-1.20%)

USD 307.26B
BML-PG Bank of America Corporation

+0.02 (+0.09%)

USD 306.52B
BML-PH Bank of America Corporation

+0.03 (+0.14%)

USD 294.76B
BAC-PE Bank of America Corporation

+0.10 (+0.42%)

USD 285.66B
BML-PL Bank of America Corporation

-0.03 (-0.13%)

USD 277.35B
BML-PJ Bank of America Corporation

+0.06 (+0.26%)

USD 264.48B
BAC-PB Bank of America Corporation

+0.09 (+0.36%)

USD 250.78B

ETFs Containing BNS

RBNK:CA RBC Canadian Bank Yield I.. 25.51 % 0.33 %

N/A

CAD 0.25B
HEB:CA Hamilton Canadian Bank Eq.. 16.88 % 0.00 %

N/A

CAD 0.67B
ZEB:CA BMO S&P/TSX Equal Weight .. 16.72 % 0.60 %

N/A

CAD 3.40B
HBNK:CA Global X Equal Weight Can.. 16.64 % 0.00 %

N/A

CAD 0.80B
CBNK:CA Mulvihill Canadian Bank E.. 12.58 % 0.00 %

N/A

CAD 0.10B
BANK:CA Evolve Canadian Banks and.. 12.39 % 0.39 %

N/A

CAD 0.16B
ZWB:CA BMO Covered Call Canadian.. 11.47 % 0.71 %

N/A

CAD 3.03B
ZWB-U:CA BMO Covered Call Canadian.. 11.47 % 0.00 %

N/A

N/A
DXC:CA Dynamic Active Canadian D.. 11.20 % 0.86 %

N/A

CAD 0.25B
HFIN:CA Hamilton Enhanced Canadia.. 10.28 % 0.00 %

N/A

CAD 0.13B
HMAX:CA Hamilton Canadian Financi.. 10.02 % 0.00 %

N/A

CAD 0.76B
XFN:CA iShares S&P/TSX Capped Fi.. 8.09 % 0.61 %

N/A

CAD 1.39B
PDC:CA Invesco Canadian Dividend.. 7.30 % 0.55 %

N/A

CAD 0.78B
VDY:CA Vanguard FTSE Canadian Hi.. 6.18 % 0.22 %

N/A

CAD 2.58B
RCD:CA RBC Quant Canadian Divide.. 5.83 % 0.43 %

N/A

CAD 0.15B
XCV:CA iShares Canadian Value 5.69 % 0.55 %

N/A

CAD 0.09B
ZVC:CA BMO MSCI Canada Value Ind.. 5.55 % 0.40 %

N/A

CAD 0.05B
XDV:CA iShares Canadian Select D.. 5.42 % 0.55 %

N/A

CAD 1.55B
ZDV:CA BMO Canadian Dividend 5.33 % 0.38 %

N/A

CAD 0.99B
PXC:CA Invesco FTSE RAFI Canadia.. 5.20 % 0.50 %

N/A

CAD 0.18B
TBNK:CA TD Canadian Bank Dividend.. 5.12 % 0.00 %

N/A

CAD 0.02B
ICAE:CA Invesco S&P/TSX Canadian .. 4.97 % 0.00 %

N/A

CAD 7.11M
IXTE:CA Invesco S&P/TSX 60 ESG Ti.. 4.47 % 0.00 %

N/A

CAD 2.96M
IUTSF 4.35 % 0.00 %

N/A

N/A
RCDC:CA RBC Canadian Dividend Cov.. 3.88 % 0.00 %

N/A

CAD 0.03B
DRFC:CA Desjardins RI Canada Mult.. 3.68 % 0.57 %

N/A

CAD 0.22B
VCE:CA Vanguard FTSE Canada 3.49 % 0.06 %

N/A

CAD 1.72B
FLCA Franklin FTSE Canada ETF 3.33 % 0.09 %

+0.07 (+0.00%)

USD 0.41B
ICTE:CA Invesco S&P/TSX Composite.. 3.24 % 0.00 %

N/A

CAD 1.01M
CAHCHA:SW UBS(Lux)Fund Solutions .. 3.15 % 0.00 %

N/A

USD 0.03B
CAHGBA:SW UBS(Lux)Fund Solutions .. 3.15 % 0.00 %

N/A

USD 0.06B
CAHUSA:SW UBS(Lux)Fund Solutions .. 3.15 % 0.00 %

N/A

USD 0.05B
CANA:SW UBS (LUX) FUND SOLUTIONS .. 3.15 % 0.00 %

N/A

N/A
CAHGBD:SW UBS(Lux)Fund Solutions .. 3.15 % 0.00 %

N/A

USD 1.30M
HCAN:SW HSBC MSCI Canada UCITS ET.. 3.14 % 0.00 %

N/A

USD 0.03B
PDF:CA Purpose Core Dividend 3.09 % 0.68 %

N/A

CAD 0.16B
XCAD:LSE Xtrackers MSCI Canada ESG.. 3.08 % 0.00 %

+0.38 (+0.00%)

USD 0.36B
XIU:CA iShares S&P/TSX 60 3.05 % 0.18 %

N/A

CAD 12.64B
QCE:CA Mackenzie Canadian Large .. 3.00 % 0.06 %

N/A

CAD 0.13B
CCAU:LSE iShares VII PLC - iShares.. 2.95 % 0.00 %

+1.72 (+0.00%)

USD 1.07B
UB23:LSE UBS MSCI Canada UCITS CAD.. 2.94 % 0.00 %

+25.50 (+0.00%)

USD 1.05B
HCAD:LSE HSBC ETFs Public Limited .. 2.93 % 0.00 %

+0.19 (+0.00%)

USD 0.03B
HCAN:LSE HSBC MSCI Canada UCITS ET.. 2.93 % 0.00 %

+13.00 (+0.00%)

USD 0.03B
CAHEUA:SW UBS(Lux)Fund Solutions .. 2.90 % 0.00 %

N/A

USD 0.05B
CANCDA:SW UBS(Lux)Fund Solutions .. 2.90 % 0.00 %

N/A

USD 1.05B
CANUKD:SW UBS(Lux)Fund Solutions .. 2.90 % 0.00 %

N/A

USD 4.17M
CSCA:SW iShares VII PLC - iShares.. 2.89 % 0.00 %

N/A

USD 1.04B
VCN:CA Vanguard FTSE Canada All .. 2.78 % 0.06 %

N/A

CAD 6.75B
DRMC:CA Desjardins RI Canada - Lo.. 2.69 % 0.29 %

N/A

CAD 0.04B
ZCN:CA BMO S&P/TSX Capped Compos.. 2.67 % 0.05 %

N/A

CAD 7.60B
CDEF:CA Manulife Smart Defensive .. 2.59 % 0.00 %

N/A

CAD 1.28M
XIC:CA iShares Core S&P/TSX Capp.. 2.46 % 0.06 %

N/A

CAD 11.77B
QCN:CA Mackenzie Canadian Equity.. 2.41 % 0.06 %

N/A

CAD 1.41B
TUSB:CA TD Select U.S. Short Term.. 2.35 % 0.28 %

N/A

CAD 7.61M
UEFY:XETRA UBS - SBI Foreign AAA-BBB.. 1.02 % 0.00 %

-0.02 (0.00%)

USD 0.45B
SF1CHA:SW 1.02 % 0.00 %

N/A

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

N/A

USD 0.40B
DBND DoubleLine Opportunistic .. 0.68 % 0.00 %

-0.05 (0.00%)

USD 0.27B
CDZ:CA iShares S&P/TSX Canadian .. 0.00 % 0.66 %

N/A

CAD 0.88B
CEW:CA iShares Equal Weight Banc.. 0.00 % 0.60 %

N/A

CAD 0.20B
CPD:CA iShares S&P/TSX Canadian .. 0.00 % 0.50 %

N/A

CAD 1.05B
EWC iShares MSCI Canada ETF 0.00 % 0.47 %

+0.03 (+0.00%)

USD 2.72B
FIE:CA iShares Canadian Financia.. 0.00 % 0.97 %

N/A

CAD 1.00B
FLTR VanEck Investment Grade F.. 0.00 % 0.14 %

N/A

USD 1.58B
FTSM First Trust Enhanced Shor.. 0.00 % 0.33 %

+0.01 (+0.00%)

USD 6.52B
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 Horizons Enhanced Income .. 0.00 % 0.84 %

N/A

CAD 0.07B
HFP:CA Horizons Active Hybrid Bo.. 0.00 % 0.63 %

N/A

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

+0.26 (+0.00%)

USD 0.19B
IPFF 0.00 % 0.55 %

N/A

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

N/A

CAD 0.03B
RQL:CA RBC Target 2024 Corporate.. 0.00 % 0.29 %

N/A

CAD 0.35B
ZCAN 0.00 % 0.30 %

N/A

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

N/A

CAD 2.23B
FLCD:CA 0.00 % 0.00 %

N/A

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

N/A

CAD 0.39B
FGO-U:CA CI Enhanced Government Bo.. 0.00 % 0.00 %

N/A

CAD 0.78B
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 %

N/A

CAD 0.20B
ZST:CA BMO Ultra Short-Term Bond 0.00 % 0.17 %

N/A

CAD 1.74B
HFY:CA 0.00 % 1.20 %

N/A

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

N/A

CAD 1.65B
BNC:CA 0.00 % 0.68 %

N/A

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

N/A

CAD 0.34B
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 %

+127.00 (+0.00%)

USD 1.04B
JGST:LSE JPMorgan ETFs (Ireland) I.. 0.00 % 0.00 %

-0.03 (0.00%)

USD 0.13B
UC87:LSE UBS(Lux)Fund Solutions .. 0.00 % 0.00 %

+15.25 (+0.00%)

USD 0.06B
HCAN:PA HSBC MSCI Canada UCITS ET.. 0.00 % 0.00 %

+0.17 (+0.00%)

USD 0.03B
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 %

+0.58 (+0.00%)

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

+0.13 (+0.00%)

USD 1.05B
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 %

+1.60 (+0.00%)

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

+0.32 (+0.00%)

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

N/A

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

N/A

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

N/A

CAD 0.16B
XCSR:CA iShares ESG Advanced MSCI.. 0.00 % 0.00 %

N/A

CAD 0.21B
CDIV:CA Manulife Smart Dividend E.. 0.00 % 0.00 %

N/A

CAD 0.52B
HCA:CA Hamilton Canadian Bank Me.. 0.00 % 0.00 %

N/A

CAD 0.07B
TMEC:CA TD Morningstar ESG Canada.. 0.00 % 0.00 %

N/A

CAD 9.68M
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 %

N/A

CAD 0.59B
LCTD BlackRock World ex U.S. C.. 0.00 % 0.00 %

-0.01 (0.00%)

USD 0.29B

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 -4.62% 10% F 23% F
Dividend Return 3.24% 87% B+ 90% A-
Total Return -1.38% 14% F 31% F
Trailing 12 Months  
Capital Gain -6.77% 2% F 22% F
Dividend Return 6.29% 74% C 78% C+
Total Return -0.48% 2% F 26% F
Trailing 5 Years  
Capital Gain -15.19% 5% F 30% F
Dividend Return 28.43% 89% A- 84% B
Total Return 13.24% 21% F 43% F
Average Annual (5 Year Horizon)  
Capital Gain 1.10% 50% F 45% F
Dividend Return 6.71% 52% F 56% F
Total Return 5.61% 93% A 85% B
Risk Return Profile  
Volatility (Standard Deviation) 30.51% 39% F 36% F
Risk Adjusted Return 21.99% 41% F 45% F
Market Capitalization 65.02B 16% 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 26% 74%
Price/Book Ratio 1.15 40% 65%
Price / Cash Flow Ratio 1.79 78% 76%
Price/Free Cash Flow Ratio N/A N/A N/A
Management Effectiveness  
Return on Equity 10.20% 50% 59%
Return on Invested Capital 1.93% 12% 30%
Return on Assets 0.58% 17% 26%
Debt to Equity Ratio 247.87% 15% 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.

Poor return on equity

The company management has delivered below median return on equity 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