olivLaw · US equity research
Bank Of Nova Scotia BNS
State Commercial Banks · SIC 6022
At the close of 04 Nov 2026, Bank Of Nova Scotia (BNS) stock was 96.43 USD (+2.96% on the day), with beta 0.51, 52-week range 65.50–96.43 USD.
Data as of · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 65.0
- strong (55–70)
- Bollinger (20, 2)
- 87.66 – 96.99
- in the upper half of the band · %B 0.94 · band width 10.1%
- SMA 50 / 200
- 92.45 / 82.69
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.99 / 0.66
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +6.8% | −1.1% | +7.9 pp | — |
| 3 months | +8.9% | −0.5% | +9.4 pp | — |
| 6 months | +22.9% | +4.4% | +18.5 pp | — |
| Year to date | +30.9% | +12.3% | +18.5 pp | — |
| 1 year | +46.7% | +13.5% | +33.1 pp | — |
| 3 years | +122.7% | +76.4% | +46.3 pp | — |
| 5 years | +44.8% | +63.7% | −18.9 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
the price (USD) and the reports are in different currencies
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28.8 bn | 31.0 bn | 31.3 bn | 31.3 bn | 31.4 bn | 32.2 bn | 33.7 bn | 37.7 bn |
| Revenue YoY | +6.0% | +7.9% | +1.0% | −0.3% | +0.5% | +2.5% | +4.5% | +12.1% |
| Net income | 8.5 bn | 8.4 bn | 6.8 bn | 9.6 bn | 9.9 bn | 7.3 bn | 7.8 bn | 7.8 bn |
| Net income YoY | +6.8% | −1.8% | −19.2% | +42.0% | +3.0% | −26.0% | +5.7% | +0.4% |
| Diluted EPS | 6.82 | 6.68 | 5.30 | 7.70 | 8.02 | 5.72 | 5.87 | 5.67 |
| Diluted EPS YoY | +5.1% | −2.1% | −20.7% | +45.3% | +4.2% | −28.7% | +2.6% | −3.4% |
| net % | 29.7% | 27.0% | 21.6% | 30.8% | 31.6% | 22.8% | 23.0% | 20.6% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Oct 2025
- Cash
- 10.3 bn CAD
- Financial debt
- unavailable CAD
- Net debt
- unavailable CAD
- Equity
- 88.6 bn CAD
- Total assets
- 1,460.0 bn CAD
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 9.0%
- ROA
- 0.5%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (CAD)
Income statement · CAD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Pre-tax income | 8.4 bn | 12.8 bn | 12.9 bn | 9.7 bn | 9.9 bn | 10.5 bn | SEC (XBRL)· 02 Dec 2025verified |
| Net income | 6.8 bn | 9.6 bn | 9.9 bn | 7.3 bn | 7.8 bn | 7.8 bn | SEC (XBRL)· 02 Dec 2025verified |
| Diluted EPS | 5.30 | 7.70 | 8.02 | 5.72 | 5.87 | 5.67 | SEC (XBRL)· 02 Dec 2025verified |
| Dividend per share | 3.76 | 3.79 | 4.30 | 4.47 | 4.56 | 4.75 | SEC (XBRL)· 02 Dec 2025derived |
Balance sheet · CAD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 11.1 bn | 9.7 bn | 11.1 bn | 10.2 bn | 9.4 bn | 10.3 bn | SEC (XBRL)· 02 Dec 2025verified |
| Total assets | 1,136.5 bn | 1,184.8 bn | 1,349.4 bn | 1,411.0 bn | 1,412.0 bn | 1,460.0 bn | SEC (XBRL)· 02 Dec 2025verified |
| Total liabilities | 1,066.0 bn | 1,112.0 bn | 1,274.7 bn | 1,332.5 bn | 1,328.0 bn | 1,371.5 bn | SEC (XBRL)· 02 Dec 2025verified |
| Equity | 70.5 bn | 72.9 bn | 74.7 bn | 78.6 bn | 84.1 bn | 88.6 bn | SEC (XBRL)· 02 Dec 2025verified |
| Shares outstanding at year end | 1.2 bn | 1.2 bn | 1.2 bn | 1.2 bn | 1.2 bn | 1.2 bn | SEC (XBRL)· 02 Dec 2025verified |
Cash flow · CAD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Dividends paid | 4.6 bn | 4.6 bn | 5.1 bn | 5.4 bn | 5.7 bn | 5.9 bn | SEC (XBRL)· 02 Dec 2025verified |
Computed indicators
Growth
Profitability
Returns
Market and valuation
Banking
32 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 36.0% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Price and reporting are in different currencies; market indicators are unavailable.
Key indicators
Coverage and freshness
Score by group
36% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 36.0% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 9.2% | 27 (on a fixed band) | 44% |
| ROA · Quality | 0.5% | 10 (on a fixed band) | 17% |
| Cost-to-income · Quality | unavailable | unavailable | — |
| Net interest margin · Quality | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | -10.9% | 0 (on a fixed band) | 22% |
| Revenue CAGR 3Y · Growth | 6.3% | 63 (on a fixed band) | 17% |
| NPL ratio · Balance sheet | unavailable | unavailable | — |
| Cost of risk · Balance sheet | unavailable | unavailable | — |
| Loan-to-deposit · Balance sheet | unavailable | unavailable | — |
| P/B · Valuation | unavailable | unavailable | — |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| Dividend yield · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth27/100 · 2/2 factors with a value
- Quality22/100 · 2/4 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partialunavailable · 0/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
BANK OF NOVA SCOTIA (BNS). Latest full fiscal year: 2025; data up to 2025-10-31.
Figures computed from the financial statements: YoY growth 12.1%; net margin 20.6%; ROE 9.2%.
The estimated value range is 46.62–57.58 CAD per share (median of 3 methods, agreement: medium); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 36.0% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- ROE: 9.2%
- ROA: 0.5%
- EPS CAGR 3Y: -10.9%
Not assessed (insufficient data or a ratio without meaning): Cost-to-income, Net interest margin, NPL ratio, Cost of risk, Loan-to-deposit, P/B, P/E (TTM), Dividend yield.
Versus the vertical median
Not enough comparable companies with data for an average.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Bank of Nova Scotia Sees Commercial Growth as Digital, Fee Strategy Gains TractionYahoo Finance — News · 19 Sept 2026 · EN
- Bank of Nova Scotia (BNS) Reached 14% Adjusted ROE. Is the Improvement Durable?Yahoo Finance — News · 28 Aug 2026 · EN
- Bank of Nova Scotia Q3 Earnings Call HighlightsYahoo Finance — News · 25 Aug 2026 · EN
The latest news item in our archive is from 19 Sept 2026; the newest SEC filing is from 21 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report (foreign issuer)21 Oct 2026
- Current report (foreign issuer)16 Oct 2026
- Current report (foreign issuer)02 Oct 2026
- Current report (foreign issuer)01 Oct 2026
- Current report (foreign issuer)01 Oct 2026
- Current report (foreign issuer)25 Aug 2026
- Current report (foreign issuer)25 Aug 2026
- Current report (foreign issuer)25 Aug 2026
- Current report (foreign issuer)25 Aug 2026
- Current report (foreign issuer)25 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.