BNS stock: buy or sell?

BNS stock price: $54.42 0.02% At close on February 26th, 2020

Updated on:
February 26th, 2020

3

After sliding for 4 sessions, Wednesday Bank of Nova Scotia stayed steady a tight 0.02%, closing at $54.42. Last session broke a streak of 4 red sessions.

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?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. 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.

Currently, Bank of Nova Scotia stock doesn't match any of these trading strategies, so our recommendation is not to buy.

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?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for BNS stock for the last month.

BNS stock analysis

Daily outlook

After sliding for 4 sessions, Wednesday Bank of Nova Scotia stayed constant a tight 0.02%, closing at $54.42.

After sliding for 4 days, Wednesday Bank of Nova Scotia stayed stable a tight 0.02%, closing at $54.42.

BNS stock chart (daily)

Weekly outlook

Bank of Nova Scotia closed this week at $54.42 and dropped a fateful -3.10%.

Since price and SMA40w lines crossed up late August 2019, BNS climbed $4.66 (9.36%). Since mid May 2019 when SMA20w and SMA40w crossed up, BNS price gained $2.40 per share (4.61%).

BNS stock chart (weekly)

BNS stock price history

BNS IPO was on October 7th, 1999 at $3.30 per share1. Since then, BNS stock surged a 1,549.10%, with an average of 77.50% per year. If you had invested right after BNS's IPO a $1,000 in BNS stock in 1999, it would worth $15,491.00 today.

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

BNS stock historical price chart

BNS stock reached 52-week highs on November at $57.51, and all-time highs 2018-01-25 with a price of 59.93.

BNS stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' BNS stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not found any price forecast for Bank of Nova Scotia stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Bank of Nova Scotia disappointed analysts 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 rose a nice 5.49% to $28,216.00 M USD from $26,748.00 marked in 2017. However, its earnings margin (compared to sales) remained steady to 30.29%, that is $8,548.00 million.

Bank of Nova Scotia presents anual results 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 earnings $8,405.00 M USD. If we compare this TTM figures with the last reported annuality, we can esteem Bank of Nova Scotia business evolution since October 2018: Annual turnover up to January, compared to lastest yearly report, grew a slightly good 1.76%. Regarding profit margin, Bank of Nova Scotia slightly fell -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 reported $7,475.00 M in sales for 2019-Q1, a 2.69% improvement compared to previous quarter. Reported quarter earnings marked $2,136.00 M 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 turnover to same quarter last year, Bank of Nova Scotia sales marked an excellent gain and escalated 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 stock, it's worth to overview its ownership structure.

Bank of Nova Scotia shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.02% of all shares.

In case of Bank of Nova Scotia stock, 54.52% 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 stocks:

BNS
Market cap$66.4 B
Total shares1,220.0 M
Float shares1,210.0 M
  - Institutional holdings (%)54.5%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

BNS summary

Wednesday, February 26th, 2020
Open$54.63
Close$54.42
Day range$54.31 - $55.20
Previous close$54.41
Session gain0.02%
Average true range$0.52
50d mov avg$55.51
100d mov avg$55.93
200d mov avg$53.97
Daily pattern
Weekly pattern

Bank of Nova Scotia performance

To measure stock performance is always good to compare with competitors or related stocks. For Bank of Nova Scotia, the comparison is made against .
Stock3m6m12m
BNSBank of Nova Scot...-1.82%4.77%4.59%

Bank of Nova Scotia competitors

Unfortunately, we could not find any public company that could be defined as Bank of Nova Scotia competitor. This doesn't mean Bank of Nova Scotia does not have any competitor in the market, it's just we could not detected it.

    Latest BNS stock news