BNS stock: buy or sell?

BNS stock price: $56.26 0.09% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

Shares of Bank of Nova Scotia stayed stable a tight 0.09% and closed at $56.26.

The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific.

Should I buy BNS stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Bank of Nova Scotia stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean BNS will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Bank of Nova Scotia stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we collected 15 ratings published for BNS stock in the last 30 days.

Is BNS a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-9Citigroupn/an/a
2019-9-6CSFBn/an/a
2019-9-4Eight Capitaln/an/a
2019-8-28Royal Bank of Canadan/aSector Perform
2019-8-28National Bank Financialn/aSector Perform
2019-8-28Credit Suisse Groupn/aOutperform
2019-8-28Canaccord Genuityn/aHold
2019-8-28Canaccord Genuityn/aHold
2019-8-28BMO Capital Marketsn/aOutperform
2019-8-14Eight Capitaln/an/a
2019-5-30Barclaysn/aAverage
2019-5-17Barclaysn/aBuy
2019-2-27DesjardinsBuyAverage
2019-2-27CIBCOutperformNeutral
2019-2-26TD SecuritiesBuyHold

BNS stock analysis

Daily outlook

Shares of Bank of Nova Scotia ended today at $56.26 and stayed steady a tight 0.09%.

Shares of Bank of Nova Scotia stayed stable a tight 0.09% and closed at $56.26. Since price and SMA200d lines crossed up on Aug 29th, BNS climbed $4.12 (7.90%). On May, SMA100d and SMA200d crossed up triggering a rise of 6.86%.

BNS stock chart (daily)

Weekly outlook

Bank of Nova Scotia shares remained stable -0.37% this week, ending at $56.26.

Late August BNS price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since early May when SMA20w and SMA40w crossed up, BNS price gained $2.47 per share (4.59%).

BNS stock chart (weekly)

BNS stock price history

BNS IPO was on October 7th, 1999 at $3.36 per share1. Since then, BNS stock surged a 1,574.40%, with a yearly average of 82.90%. If you had invested $1,000 in BNS stock in 1999, it would worth $15,744.00 today.

1: Adjusted price after possible price splits or reverse-splits.

BNS stock historical price chart

BNS stock reached 52-week highs on October at $57.36, and all-time highs 2018-01-08 with a price of 60.91.

BNS stock price target is $78.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 4 price forecasts for BNS stock:
BNS stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-28Credit Suisse GroupRaises Target$73.00$75.002.7%
2019-8-28BMO Capital MarketsLowers Target$80.00$78.00-2.5%
2019-5-30BarclaysReiteratesn/a$78.00-
2019-2-27DesjardinsReiteratesn/a$81.00-
(in average)$76.50$78.002.0%
Moving in a range from $81.00 and $75.00, the price target for Bank of Nova Scotia stock is $78.00.

Financials and fundamental analysis

Earnings date and Earnings per Share

Bank of Nova Scotia let down analysts on February when it reported an Earnings per Share (EPS) of $1.32 when the market consensus was $1.42.
BNS earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.62n/a
2017-Q3-n/a1.66n/a
2017-Q4-n/a1.64n/a
2018-Q12018-02-271.311.374.6%
2018-Q22018-05-291.311.353.1%
2018-Q32018-08-281.371.36-0.7%
2018-Q42018-11-271.351.350.0%
2019-Q12019-02-261.421.32-7.0%
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Bank of Nova Scotia annual sales jumped a beatiful 5.49% to $28,216.00 M USD from $26,748.00 marked in 2017. In contrast, its earnings margin (compared to sales) remained steady to 30.29%, that is $8,548.00 million.

Bank of Nova Scotia fiscal year ends in October, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Bank of Nova Scotia TTM sales up to January 2019 were $28,713.00 and income $8,405.00 M USD. When comparing this TTM figures with the last reported annuality, we can review Bank of Nova Scotia business evolution since October 2018: Annual sales up to January, compared to lastest yearly report, stepped up a slightly fine 1.76%. Regarding profit margin, Bank of Nova Scotia depreciated -1.02% to 30.29%

BNS annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$20,571 M-$6,276 M30.5%-
2015$23,644 M14.94%$7,014 M29.7%11.76%
2016$25,936 M9.69%$7,117 M27.4%1.47%
2017$26,748 M3.13%$8,005 M29.9%12.48%
2018$28,216 M5.49%$8,548 M30.3%6.78%
TTM $28,713 M1.76%$8,405 M29.3%-1.67%

Quarterly financial results

Bank of Nova Scotia posted $7,475.00 M in sales for 2019-Q1, a 2.69% up compared to previous quarter. Reported quarter earnings marked $2,136.00 million with a profit margin of 28.58%. Profit margin slightly fell a -1.36% compared to previous quarter when profit margin was 29.94%. When comparing revenues to same quarter last year, Bank of Nova Scotia sales marked an excellent gain and soared a 7.12%. Looking back to recent quarterly results, Bank of Nova Scotia posted 3 negative quarters in a row.
BNS quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q4$5,209 M-$1,563 M30.0%-
2018-Q1$6,978 M33.97%$2,279 M32.7%45.81%
2018-Q2$6,904 M-1.06%$2,107 M30.5%-7.55%
2018-Q3$7,055 M2.19%$1,983 M28.1%-5.89%
2018-Q4$7,279 M3.18%$2,179 M29.9%9.88%
2019-Q1$7,475 M2.69%$2,136 M28.6%-1.97%

Bank of Nova Scotia ownership

When you are planning to invest in a company, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Bank of Nova Scotia, 0.02% of all outstanding shares are owned by its staff.

In case of Bank of Nova Scotia stock, 55.38% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for BNS stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related companies:

BNSBMOCIBCMHSBC
Market cap$68.6 B$46.9 B$12.2 B$37.3 B$154.4 B
Total shares1,220.0 M639.0 M240.5 M445.4 M4,040.0 M
Float shares1,210.0 M638.7 M168.2 M445.3 M4,070.0 M
  - Institutional holdings (%)55.4%50.1%39.1%54.1%2.5%
  - Insider holdings (%)0.0%0.0%0.0%0.1%0.0%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

BNS summary

Friday, September 20th, 2019
Open$56.31
Close$56.26
Day range$56.15 - $56.67
Previous close$56.21
Session gain0.09%
Average true range$0.65
50d mov avg$53.24
100d mov avg$52.93
200d mov avg$52.68
Daily pattern
Weekly pattern

Bank of Nova Scotia performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Bank of Nova Scotia, the benchmark is made against , BanColombia, , HSBC, and Toronto Dominion Bank.
Stock3m6m12m
BNSBank of Nova Scot...5.71%9.39%-0.65%
BMO-1.41%0.55%-7.60%
CIBBanColombia0.54%-1.11%24.25%
CM7.13%6.53%-6.94%
HSBC -5.67%-2.94%-9.39%
RY3.63%9.77%6.31%
TDToronto Dominion ...0.61%7.15%-1.78%

Bank of Nova Scotia competitors

We picked a few stocks to conform a list of Bank of Nova Scotia competitors to examine if you are interested in investing in BNS:

Latest BNS stock news