NYSE: BNS

Bank of Nova Scotia (BNS) Stock Analysis & Forecast

Nov 4 close

$96.43+2.77 (+3.0%)

Gekko Brief

AI summaryNov 4 close

This week's news flow centers on Scotiabank completing full ownership of Scotia Group Jamaica, paying approximately C$600 million to minority shareholders, a deal effective 30 October 2026 that is expected to lead to the delisting of Scotia Group and to optimize capital and operational efficiency. Separately, Scotiabank received Federal Reserve approval to acquire MapleMark Bank, marking its direct entry into the US commercial banking market and expanding its geographic reach and loan portfolio diversification. Also noted is an expected Q4 tax hit tied to Chile's tax-rate reduction, offset by a gain from its KeyCorp investment.

BNS closed at $96.43, up 3% on the day, sitting above both its 50-day average of $92.45 and 200-day average of $82.69, with the shorter average above the longer one. The stock trades near its 52-week high of $96.53, well above its 52-week low of $64.80, with returns of 6.9% over one month, 9.2% over three months, and 46.8% over the past year. The GekkoIndex reads 49.9, placing it in the Neutral zone, while price sits 4.5% above Gekko Fair Value of $92.32.

Scotiabank next reports earnings on 2 December 2026, before the open, 27 days away and inside a typical 20-trading-day holding window; its last report on 27 May 2026 showed EPS of $2.02 against an estimate of $1.94, with an average absolute reaction of 1.9% across recent quarters. No insider, Congress, or unusual options activity appears in their respective windows. Seasonality over the next 20 trading days has averaged 2.9% across 5 years, rising in 4 of them, worth noting alongside the upcoming earnings date.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

Bank of Nova Scotia price vs fair value

$96.43$92.32Nov ’25May ’26Nov ’26
Close $96.43200-day averageGekko Fair Value $92.32

Bank of Nova Scotia quick facts

Market cap
$117.5B
P/E ratio
17
Forward P/E
13.8
EPS, TTM
$5.52
Revenue, TTM
$35.20B
Profit margin
28.4%
Dividend yield
4.74%
Beta
1.20
Volume
856,043 avg 1.05M
1-year return
+46.8%
Typical daily move
±1.5%
Typical 20-day move
±4.3%
50-day average
$92.45
200-day average
$82.69
Next earnings
Dec 2 before open
Shares outstanding
1.22B
52-week range
$64.80$96.53

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 $96.43 is above the 50-day ($92.45) and 200-day ($82.69) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexmixed

    49.9, Neutral

    Reading 49.9 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuemixed

    4.5% above

    Price is within 5% of Gekko Fair Value (4.5% above).

    See fair value
  • Smart moneyno data

    No data

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

    See smart money
  • Earnings riskheadwind

    Reports in 27 days

    Reports on Dec 2, 2026, 27 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +2.9% on average

    From this point in the calendar, the next 20 trading days averaged +2.9% over 5 years, rising in 4 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 $96.43 on Nov 4, 2026, +46.8% over the past year, inside a 52-week range of $64.80 to $96.53.

Close50-day average200-day averageVolume
Bank of Nova Scotia share price, past year, with 50-day and 200-day moving averages and volume$60$70$80$90DecJan 2026FebMarAprMayJunJulAugSepOct96.43

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

Performance Breakdown

1 month
+6.9%
3 months
+9.2%
6 months
+22.9%
1 year
+46.8%
The full BNS chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open BNS in Gekko

Follow Bank of Nova Scotia through every session

Put BNS on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

Track BNS in GekkoFree for 7 days. No credit card required.

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
Financial Services
Industry
Banks - Diversified
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 49.9, in the Neutral zone, up 1.6 points over five sessions.

010049.9Neutral

Up 1.6 points over five sessions.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying30+0.2%+1.4%+3.2%+8.2%
Accumulation159+0.1%+0.4%+1.3%+4.2%
Neutral (current zone)427+0.7%+1.3%+2.5%+5.7%
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 +1.0% 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 4.5% above Gekko Fair Value of $92.32, 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.

$92.32

Gekko Fair Value, Nov 4, 2026

4.5% above fair value · About fair value

At the end of Aug 2026 the price was 2.5% above the estimate.

Gekko Fair ValueShare price, month end
$92$94Aug 2026SepOctNov 2026

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 (27 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 $92.24, −4.3% from the last close.

$92.24consensus 12-month target, −4.3% from the last close
+2.5%average 20-day move after past Neutral readings
+2.9%average move over the next 20 trading days in the last 5 years
±1.5%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 Nov 4, Bank of Nova Scotia averaged +2.9% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

−1.8%2021+2.3%2022+2.5%2023+3.3%2024+6.9%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+1.4%3 of 5
Next 10 trading days+2.9%4 of 5
Next 15 trading days+3.3%4 of 5
Next 20 trading days+2.9%4 of 5
Next 30 trading days+3.6%4 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 $117.5B, with a P/E ratio of 17 and revenue of $35.20B over the last twelve months.

Valuation

Market cap
$117.5B
P/E ratio
17
Forward P/E
13.8
EPS, TTM
$5.52
Gekko Fair Value
$92.32

Trading

Volume
856,043
Avg volume, 20 days
1.05M
52-week high
$96.53
52-week low
$64.80
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
1.20
Typical daily move
±1.5%
Typical 20-day move
±4.3%
Dividend yield
4.74%

Bank of Nova Scotia stock news this week

Coverage of Bank of Nova Scotia this week reads neutral: 7 positive, 10 neutral and 2 negative headlines.

News sentiment neutral

More stocks

In the Buying zone today

Reporting earnings this week

Popular on Gekko

More stocks in Financial Services

Bank of Nova Scotia stock FAQ

What is Bank of Nova Scotia’s market cap?

Bank of Nova Scotia’s market cap is $117.5B at the Nov 4, 2026 close of $96.43, with 1.22B shares outstanding. The shares trade on a P/E ratio of 17.

What is the Bank of Nova Scotia stock forecast?

The consensus analyst 12-month price target for Bank of Nova Scotia is $92.24, −4.3% 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 Nov 4, 2026 close of $96.43 is 4.5% above Gekko Fair Value of $92.32. 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 (27 days away). Analysts expect earnings of $1.59 per share on revenue of $7.36B. 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 $96.53 and its 52-week low is $64.80; it closed at $96.43 on Nov 4, 2026, +46.8% 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 seasonality), 2 as mixed (gekkoindex and fair value) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each 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 →

See Bank of Nova Scotia the way Gekko members do

Every GekkoIndex reading, insider trade, options bet and Congress disclosure plotted on the chart, plus the 5,800-name screener and trade planning tools.

Join 1,461 other traders using Gekko

Start Your FREE 7 Day Trial → Every feature unlocked. No credit card required.