NYSE: BNS

Bank of Nova Scotia (BNS) Stock Analysis & Forecast

Bank Nova Scotia Halifax Pfd 3. Finance sector, major banks industry. Market cap $114.7B.

$94.07−0.03 (0.0%)

Close on Sep 18, 2026. Page updated Sep 19, 9:15 pm ET.

Gekko Brief

AI summary

Bank of Nova Scotia (BNS) closes at $94.07, above both its 50-day ($90.07) and 200-day ($79.50) averages, with the shorter average also above the longer one, consistent with an established uptrend. The stock sits near its 52-week high of $95.34, up 7.3% over one month and 45.5% over the past year. The GekkoIndex reads 54.7, placing it in the Neutral zone, while Gekko Fair Value stands at $90.52, putting the current price 3.9% above that mark.

Coverage this week centers on strategy and funding activity rather than a single catalyst. Group Head of Canadian Banking Aris Bogdaneris pointed to progress in deepening customer relationships, diversifying revenue and maintaining cost discipline, while other pieces referenced record Q3 results, an early achievement of ROE targets, and CEO Scott Thomson's push into premium North American trade corridors. Separately, the bank listed GBP 2 billion in covered bonds on the London Stock Exchange under its CAD100 billion Global Registered Covered Bond Program, with final terms split between GBP 1.25 billion floating-rate notes due March 2030 and GBP 750 million notes at 5.125% due December 2032, a funding and balance-sheet diversification move. The bank also presented at the Barclays Global Financial Services Conference.

The next earnings date is 2 December 2026, 73 days away and outside a typical 20-day holding window. No insider, Congress, or unusual options activity appears in the current windows, and one billionaire holder is on record. Seasonality over the next 20 trading days has averaged -2.3% across 5 years, rising in 2 of them, a factor worth noting alongside the current gap to Gekko Fair Value.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $94.07200-day averageGekko Fair Value $90.52

Key stats

Market cap
$114.7B
P/E ratio
17.1
Forward P/E
13.6
EPS, TTM
$5.50
Revenue, TTM
$35.20B
Profit margin
28.4%
Dividend yield
4.78%
Beta
1.21
Volume
871,236 avg 1.72M
1-year return
+45.5%
Typical daily move
±1.6%
Typical 20-day move
±4.3%
50-day average
$90.07
200-day average
$79.50
Next earnings
Dec 2 before open
Shares outstanding
1.22B
52-week range
$62.98$95.34

Bank of Nova Scotia swing-trade checklist

Bank of Nova Scotia scores 2 supportive, 2 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive2 mixed1 headwind

  • Trendsupportive

    Above 50 and 200-day

    Close $94.07 is above the 50-day ($90.07) and 200-day ($79.50) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexmixed

    54.7, Neutral

    Reading 54.7 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuemixed

    3.9% above

    Price is within 5% of Gekko Fair Value (3.9% above).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 73 days

    Next report Dec 2, 2026, 73 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −2.3% on average

    From this point in the calendar, the next 20 trading days averaged −2.3% over 5 years, rising in 2 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Bank of Nova Scotia stock chart and price history

Bank of Nova Scotia closed at $94.07 on Sep 18, 2026, +45.5% over the past year, inside a 52-week range of $62.98 to $95.34.

Close50-day average200-day averageVolume

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+7.3%
3 months
+8.1%
6 months
+36.8%
1 year
+45.5%
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About Bank of Nova Scotia

Bank of Nova Scotia runs a broad banking business serving households and companies across Canada, the United States, and several markets spanning Mexico, Peru, Chile, Colombia, the Caribbean, and Central America. Ordinary customers turn to it for everyday tools like debit and credit cards, chequing and savings accounts, mortgages, personal loans, insurance, and financing for vehicle purchases.

Internally the bank is split into four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. Small, medium, and larger businesses can access lending, deposit accounts, cash management, and trade finance through the bank, while its wealth arm gives clients access to brokerage accounts, either self-directed, mobile-based, or guided by a full-service advisor, along with trust services, private banking, private investment counsel, and a lineup of mutual funds, exchange traded funds, liquid alternative products, and institutional funds.

Dating back to 1832, the company keeps its headquarters in Toronto, Canada, and its stock trades on the NYSE under the ticker BNS.

Listed
NYSE
Sector
Finance
Industry
Major banks
Website
scotiabank.com

Bank of Nova Scotia GekkoIndex: the smart money zone

Bank of Nova Scotia’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 54.7, in the Neutral zone, up 3.5 points over five sessions.

010054.7Neutral

Up 3.5 points over five sessions.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying30+0.2%+1.4%+3.2%+8.2%
Accumulation146+0.1%+0.3%+1.1%+4.1%
Neutral (current zone)405+0.7%+1.4%+2.7%+5.8%
Distribution79+0.8%+1.3%+1.9%+6.0%
Selling2Too few readings yet

Average BNS share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the BNS price, zone by zone.Track BNS in Gekko

Is Bank of Nova Scotia stock overvalued? Gekko Fair Value

Bank of Nova Scotia trades 3.9% above Gekko Fair Value of $90.52, so the shares are about fair value on Gekko’s estimate.

Gekko’s own estimate of what Bank of Nova Scotia shares are worth, recalculated every trading day.

$90.52

Gekko Fair Value, Sep 19, 2026

3.9% above fair value · About fair value

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open BNS in Gekko

Bank of Nova Scotia insider and Congress trading

No open-market insider purchases were filed for Bank of Nova Scotia, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for BNS in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every BNS insider filing, plotted on the chart in Gekko.Open BNS in Gekko

Congress trades last 90 days

No trades in BNS were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for BNS, plotted on the chart in Gekko.Open BNS in Gekko

Hedge funds and billionaires quarter ended Dec 31

1of the funds Gekko tracks holds BNS.

1added0opened0trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko

Bank of Nova Scotia earnings: next date and track record

Bank of Nova Scotia reports on Dec 2, 2026, before the open (73 days away), and beat the EPS estimate in 6 of its last 8 reports.

6 of 8reports beat the EPS estimate
±1.9%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

+0.7%Aug ’24−2.6%Dec ’24−0.5%Feb ’250.0%May ’25+7.7%Aug ’25+2.5%Dec ’250.0%Feb ’26−0.8%May ’26

Last earnings call, May 27, 2026 AI summary

What they said
Scotiabank Q2 '26 earnings call: Management highlighted strong quarterly results with adjusted earnings of $2.7 billion ($2.02 EPS), pretax pre-provision earnings up 16% YoY, ROE 13.2% and CET1 ratio 13.3% after share repurchases; dividend increased by $0.04. Revenue growth was broad-based: NII +10% YoY, non-interest income +17% YoY. Expenses rose 7% driven by performance-based pay and technology spend. Canadian Banking showed margin expansion and strong fee income; International Banking experienced margin tailwinds from lower funding costs in Latin America and stable Caribbean deposits, with IB NIM at 4.76% this quarter. Wealth management and mutual fund sales were strong. Credit: All Bank provisions $1.2bn (66 bps), impaired PCLs rose due to one corporate account in International Banking (~7 bps) and higher Canadian commercial formations; allowance $7.3bn (96 bps). Management expects impaired PCLs to settle in mid-50 bps for remainder of fiscal '26 with gradual moderation. Capital: repurchased 6.4M shares under 2025/2026 programs; capital returns $7.5bn over 12 months; dividend raised. Strategy: prioritize organic growth, buybacks, and small tuck-in acquisitions (~$200-400M) to add capabilities (FDIC insurance/mortgage capital markets, U.S. offshore booking for wealth). Outlook: management optimistic on Canadian medium-term outlook due to energy prices, fiscal measures, and foreign investment; expects ROE 14%+ in fiscal 2027. Q&A covered credit outlook, NIM drivers, international margin sustainability, Brazil corporate impairment context, commercial loan pipelines, and capital deployment.
Guidance
Impaired PCL guidance: expect impaired PCLs to settle in the mid-50 basis points range for remainder of fiscal 2026; management expects ROE to hit 14%+ in fiscal 2027 (one year ahead of target); International Banking NIM expected around 4.65%-4.74% for Q3/Q4; no specific revenue or EPS guidance provided.
Risks flagged
Macroeconomic uncertainty driven by geopolitical developments and elevated energy costs affecting trade flows and GDP; inflationary pressures impacting Canadian retail customers' affordability; exposure in International Banking to trade dynamics and oil price volatility; one corporate downgrade in Brazil causing elevated impaired PCLs; potential for "fallen angel" corporate impairments though viewed as episodic.
ReportedEPSSurpriseRevenueSurpriseMove
May 27, 2026$2.02
est $1.94
+4.1%$7.24B
est $7.13B
+1.5%−0.8%
Feb 24, 2026$1.48
est $1.42
+4.2%$7.40B
est $7.13B
+3.7%0.0%
Dec 2, 2025$1.39
est $1.33
+4.5%$12.99B
est $6.99B
+85.8%+2.5%
Aug 26, 2025$1.37
est $1.28
+7.0%$13.03B
est $6.82B
+91.0%+7.7%
May 27, 2025$1.06
est $1.14
−7.0%$13.00B
est $6.75B
+92.5%0.0%
Feb 25, 2025$1.76
est $1.67
+5.4%$12.93B
est $6.29B
+105.7%−0.5%
Dec 3, 2024$1.57
est $1.60
−1.9%$13.57B
est $6.23B
+117.7%−2.6%
Aug 27, 2024$1.63
est $1.62
+0.6%$13.89B
est $4.66B
+197.9%+0.7%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Bank of Nova Scotia stock forecast and analyst price targets

Analysts’ average 12-month price target for Bank of Nova Scotia is $91.19, −3.1% from the last close.

$91.19consensus 12-month target, −3.1% from the last close
+2.7%average 20-day move after past Neutral readings
−2.3%average move over the next 20 trading days in the last 5 years
±1.6%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Bank of Nova Scotia seasonality: the next 20 trading days

Over the next 20 trading days from Sep 19, Bank of Nova Scotia averaged −2.3% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

+7.7%2021−10.8%2022−8.8%2023+0.8%2024−1.8%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−1.6%2 of 5
Next 10 trading days−3.7%3 of 5
Next 15 trading days−4.0%1 of 5
Next 20 trading days−2.3%2 of 5
Next 30 trading days−3.1%2 of 5

For scale, BNS’s typical 20-trading-day move in either direction is about 4.3%.

Bank of Nova Scotia market cap and key statistics

Bank of Nova Scotia’s market cap is $114.7B, with a P/E ratio of 17.1 and revenue of $35.20B over the last twelve months.

Valuation

Market cap
$114.7B
P/E ratio
17.1
Forward P/E
13.6
EPS, TTM
$5.50
Gekko Fair Value
$90.52

Trading

Volume
871,236
Avg volume, 20 days
1.72M
52-week high
$95.34
52-week low
$62.98
Shares outstanding
1.22B

Financials

Revenue, TTM
$35.20B
Profit margin
28.4%
Return on equity
11.5%
Quarterly earnings growth, YoY
+23.4%

Risk and income

Beta
1.21
Typical daily move
±1.6%
Typical 20-day move
±4.3%
Dividend yield
4.78%

Bank of Nova Scotia stock news this week

Coverage of Bank of Nova Scotia this week reads positive: 9 positive, 2 neutral and 0 negative headlines.

News sentiment positive

Bank of Nova Scotia peers

Bank of Nova Scotia’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
JPMJP Morgan Chase+0.5%Accumulation3.4% below
BACBank of America+0.4%Buying10.9% below
RYRoyal Bank Of Canada+0.4%Accumulation3.0% below
WFCWells Fargo−0.2%Accumulation6.9% below
CCitigroup−0.4%Accumulation7.7% below
TDToronto Dominion Bank+0.7%Neutral1.0% above

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Bank of Nova Scotia stock FAQ

What is Bank of Nova Scotia’s market cap?

Bank of Nova Scotia’s market cap is $114.7B at the Sep 18, 2026 close of $94.07, with 1.22B shares outstanding. The shares trade on a P/E ratio of 17.1.

What is the Bank of Nova Scotia stock forecast?

The consensus analyst 12-month price target for Bank of Nova Scotia is $91.19, −3.1% from the last close. Gekko doesn’t publish price predictions of its own.

Is Bank of Nova Scotia stock overvalued or undervalued?

On Gekko’s estimate Bank of Nova Scotia is about fair value: the Sep 18, 2026 close of $94.07 is 3.9% above Gekko Fair Value of $90.52. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Bank of Nova Scotia report earnings next?

Bank of Nova Scotia is expected to report on Dec 2, 2026, before the market opens (73 days away). Analysts expect earnings of $1.59 per share on revenue of $7.35B. Bank of Nova Scotia beat the earnings estimate in 6 of its last 8 reports, moving 1.9% on average across the report.

What is Bank of Nova Scotia’s 52-week high and low?

Bank of Nova Scotia’s 52-week high is $95.34 and its 52-week low is $62.98; it closed at $94.07 on Sep 18, 2026, +45.5% over the past year.

Is Bank of Nova Scotia stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (trend and earnings risk), 2 as mixed (gekkoindex and fair value) and 1 as a headwind (seasonality). The checklist is a description of current data, not a recommendation.

How this page works

Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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