Zacks Rating on Bank of Nova Scotia (The) (BNS)

Bank of Nova Scotia (The) (BNS) : 2 brokerage houses believe that Bank of Nova Scotia (The) (BNS) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Bank of Nova Scotia (The) (BNS). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.

Bank of Nova Scotia (The) (BNS) stock is expected to deviate a maximum of $9 from the average target price of $55.13 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $72 and the most muted being $47.


Shares of The Bank of Nova Scotia rose by 0.89% in the last five trading days and 4.9% for the last 4 weeks. The Bank of Nova Scotia is up 8.87% in the last 3-month period. Year-to-Date the stock performance stands at 32.06%. Bank of Nova Scotia (The) (NYSE:BNS): stock turned positive on Tuesday. Though the stock opened at $51.81, the bulls momentum made the stock top out at $52.41 level for the day. The stock recorded a low of $51.81 and closed the trading day at $52.21, in the green by 1.44%. The total traded volume for the day was 741,229. The stock had closed at $51.47 in the previous days trading.

The Bank of Nova Scotia (the Bank) is a Canada-based diversified financial institution. The Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 21 million customers in more than 55 countries around the world. The Bank has four business lines: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management. The Canadian Banking segment provided a range of banking and investing services to more than 7.7 million customers across Canada, through a network of 1,190 branches, 3,869 automated banking machine (ABMs), as well as telephone, Internet banking and third-party channels. International Banking includes Scotiabanks retail and commercial banking operations in more than 55 countries outside Canada. Global Wealth Management (GWM) consists of wealth management insurance and Global Transaction Banking businesses.

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