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BNSBank Nova Scotia Halifax Pfd 3Hold5.6·$94.54
HoldModerate Confidence
Investment thesis

Bank of Nova Scotia has beaten earnings estimates four quarters in a row with strong margins and a breakout setup, but the price is 15.8% above the analyst target and quality is below average.

Thesis pillars

  • Strong Margins No Moat→Stable
  • Price Above Analyst Target→Stable
  • Perfect Earnings Beat Streak↑Improving
  • +2 more pillars — see the Why tab for full reasoning

Pillars as of Oct 24, 2026

Full reasoning →

Open full analysis

Bank Nova Scotia Halifax Pfd 3 (BNS) Stock Analysis

HoldGrowthModerate Confidence

Financial Services · Banks - Diversified

Hold if already holding. Not a fresh buy at $94.54, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (1.3% away).

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and... Read more

$94.54-17.2% A.UpsideScore 5.6/10#15 of 20 Banks - Diversified
QualityF-score4 / 9FCF yield—
IncomeYield3.47%(5y avg 5.24%)Payout58.04%sustainable
Stop $91.92Analyst target $78.31(reached)A.R:R -2.0:1
Analyst consensus$92.13-2.5%3 analysts
$94.54price
$92.13mean
$77
$101

Hold if already holding. Not a fresh buy at $94.54, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (1.3% away). Chart setup: No clear chart pattern; technical signals are mixed. Mixed signals. Hold existing position. Score 5.6/10, moderate confidence.

Passes 6/7 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 33d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-10-29
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Wed, Dec 2, 202633d to earnings· next earnings call

Thesis

Rewards
Sector modifier (Financial Services): +1.0
Strong earnings beat streak (3/4)
Risks
Analyst target reached - limited upside remaining
Near 52-week high (1.3% away)
V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9)

Key Metrics

P/E (TTM)17.1
P/E (Fwd)14.0
Mkt Cap$115.0B
EV/EBITDA—
Profit Mgn28.4%
ROE11.5%
Rev Growth11.7%
Beta1.19
Dividend3.47%
Rating analysts19

Quality Signals

Piotroski F4/9

Options Flow

P/C0.09bullish
IV32%normal

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

1 floor-breaker

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Support Resistance
0.3
Bollinger
0.9
52w Position
9.9
GatesA.R:R -2.0=NEGATIVEMomentum 6.6>=5.5Insider activity: OKNo SEC red flagsEARNINGS PROXIMITY 33d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Moderate
RSI
84 · Overbought
↑ 20D MA↑ 50D MA↑ 200D MAGOLDEN CROSSSupport $86.42Resistance $94.75

Price Targets

A.Upside-17.2%
A.R:R-2.0:1

Position Sizing

ConvictionNone
Suggested %0%
Max %0%
RegimeRisk-Off

Risk Alerts

! Target reached (-17.2% upside)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-12-02 (33d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is BNS stock a buy right now?

Hold if already holding. Not a fresh buy at $94.54, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (1.3% away). Chart setup: No clear chart pattern; technical signals are mixed. Mixed signals. Hold existing position. Analyst target $78.31 reached (−17.2%), stop $91.92 (−2.9%), A.R:R -2.0:1. Score 5.6/10, moderate confidence.

What is the BNS stock price target?

Analyst target $78.31 reached (−17.2% from $94.54); no take-profit level is published. Analyst target $78.31 reached (−17.2%), stop $91.92 (−2.9%), A.R:R -2.0:1. Stop-loss: $91.92.

What are the risks of investing in BNS?

Analyst target reached - limited upside remaining; Near 52-week high (1.3% away); V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9).

Is BNS overvalued or undervalued?

Bank Nova Scotia Halifax Pfd 3 trades at a P/E of 17.1 (forward 14.0). TrendMatrix value score: 6.7/10. Verdict: Hold.

What do analysts say about BNS?

19 analysts cover BNS with a consensus score of 3.6/5. Average price target: $92.

What does Bank Nova Scotia Halifax Pfd 3 do?The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru,...

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The company was founded in 1832 and is headquartered in Toronto, Canada.

Related stocks: MUFG (Mitsubishi UFJ Financial Group,) · C (Citigroup, Inc.) · SMFG (Sumitomo Mitsui Financial Group) · ING (ING Group, N.V.) · UBS (UBS Group AG Registered)
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