Bank of Nova Scotia (TSE:BNS) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target hoisted by equities researchers at Canadian Imperial Bank of Commerce from C$116.00 to C$122.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the bank’s stock. Canadian Imperial Bank of Commerce’s price objective would suggest a potential upside of 10.75% from the stock’s current price.

BNS has been the subject of several other reports. TD Securities downgraded Bank of Nova Scotia from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$112.00 to C$111.00 in a research report on Tuesday, March 3rd. Jefferies Financial Group lifted their target price on Bank of Nova Scotia from C$104.00 to C$105.00 in a research report on Wednesday, May 20th. UBS Group lifted their target price on Bank of Nova Scotia from C$118.00 to C$120.00 in a research report on Wednesday, February 25th. National Bank Financial lifted their target price on Bank of Nova Scotia from C$100.00 to C$106.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Finally, Desjardins raised their price target on Bank of Nova Scotia from C$107.00 to C$108.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Bank of Nova Scotia presently has an average rating of “Hold” and an average target price of C$110.54.

Bank of Nova Scotia Stock Down 1.3%

BNS traded down C$1.41 during trading on Thursday, reaching C$110.16. The company had a trading volume of 2,339,742 shares, compared to its average volume of 4,283,286. The stock has a market cap of C$135.65 billion, a P/E ratio of 16.34, a PEG ratio of 1.33 and a beta of 1.23. The business has a 50 day simple moving average of C$102.24 and a 200-day simple moving average of C$100.87. Bank of Nova Scotia has a 52 week low of C$72.30 and a 52 week high of C$113.57.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share for the quarter. Bank of Nova Scotia had a return on equity of 10.41% and a net margin of 14.45%.The business had revenue of C$9.85 billion during the quarter. As a group, equities research analysts expect that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Trending Headlines about Bank of Nova Scotia

Here are the key news stories impacting Bank of Nova Scotia this week:

• Positive Sentiment: The Bank of Nova Scotia reported stronger-than-expected quarterly results, with C$2.02 EPS and C$9.84B in revenue, helped by solid performance in its Canadian and international businesses. Article Title
• Positive Sentiment: The bank raised its dividend by 3.6% to C$1.14 and maintained market-based DRIP purchases, a sign of confidence in its capital position and future earnings. Article Title
• Positive Sentiment: Scotiabank said foreign investors are showing renewed interest in Canada, which could support future capital flows and broader market sentiment toward the stock. Article Title
• Neutral Sentiment: The bank filed routine Form 6-K updates covering capitalization, earnings coverage ratios, and interim control certifications, which appear to be standard disclosure items rather than a new business catalyst. Article Title
• Neutral Sentiment: Additional Form 6-K filings highlighted strong earnings coverage ratios for the twelve months ended April 30, 2026, reinforcing balance-sheet strength but not changing the near-term story materially. Article Title

About Bank of Nova Scotia

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: ‘for every future,’ we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).