Bank Of Nova Stock Today

BNS Stock  CAD 64.06  0.10  0.16%   

Performance

1 of 100

 
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Weak

Odds Of Distress

Less than 6

 
High
 
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Low
Bank of Nova Scotia is selling at 64.06 as of the 23rd of July 2024; that is 0.16% down since the beginning of the trading day. The stock's open price was 64.16. Bank of Nova Scotia has only a 6 % chance of going through financial distress over the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Bank of Nova are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of June 2024 and ending today, the 23rd of July 2024. Click here to learn more.
Business Domain
Banks
Category
Financial Services
Classification
Financials
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. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada. The company has 1.23 B outstanding shares of which 33.82 M shares are currently shorted by private and institutional investors with about 6.23 days to cover all short positions. More on Bank of Nova

Bank Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Bank of Nova Scotia's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Bank of Nova Scotia or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Bank of Nova Scotia's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Bank of Nova Scotia's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOBrian Porter
Thematic Ideas
(View all Themes)
Business ConcentrationDiversified Banks, Banks - Diversified, Financial Services, Banks, Investor Favorites, Financials, Banks, Banks—Diversified, Financial Services (View all Sectors)
Bank of Nova Scotia's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Bank of Nova Scotia's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
Bank of Nova Scotia can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Bank of Nova Scotia's financial leverage. It provides some insight into what part of Bank of Nova Scotia's total assets is financed by creditors.
Liquidity
Bank of Nova Scotia cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Bank of Nova has accumulated 119.93 B in total debt with debt to equity ratio (D/E) of 0.14, which may suggest the company is not taking enough advantage from borrowing. Debt can assist Bank of Nova Scotia until it has trouble settling it off, either with new capital or with free cash flow. So, Bank of Nova Scotia's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bank of Nova Scotia sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bank to invest in growth at high rates of return. When we think about Bank of Nova Scotia's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

(15.64 Billion)
Bank of Nova (BNS) is traded on Toronto Exchange in Canada and employs 89,090 people. Bank of Nova Scotia is listed under Diversified Banks category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 78.77 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bank of Nova Scotia's market, we take the total number of its shares issued and multiply it by Bank of Nova Scotia's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Bank of Nova Scotia operates under Banks sector and is part of Financials industry. The entity has 1.23 B outstanding shares of which 33.82 M shares are currently shorted by private and institutional investors with about 6.23 days to cover all short positions. Bank of Nova has accumulated about 383.37 B in cash with 31.72 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 321.37.
Check Bank of Nova Scotia Probability Of Bankruptcy
Ownership Allocation
Bank of Nova Scotia holds a total of 1.23 Billion outstanding shares. Over half of Bank of Nova Scotia's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Bank of Nova Scotia. Please watch out for any change in the institutional holdings of Bank of Nova Scotia as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Bank Ownership Details

Bank of Nova Scotia Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Bank of Nova Scotia market risk premium is the additional return an investor will receive from holding Bank of Nova Scotia long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Bank of Nova Scotia. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Bank of Nova Scotia's alpha and beta are two of the key measurements used to evaluate Bank of Nova Scotia's performance over the market, the standard measures of volatility play an important role as well.

Bank Stock Against Markets

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bank of Nova Scotia without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Bank of Nova Scotia Corporate Directors

Susan SegalIndependent DirectorProfile
Nora AufreiterIndependent DirectorProfile
Tiff MacklemIndependent DirectorProfile
Michael PennerIndependent DirectorProfile

Additional Information and Resources on Investing in Bank Stock

When determining whether Bank of Nova Scotia is a strong investment it is important to analyze Bank of Nova Scotia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bank of Nova Scotia's future performance. For an informed investment choice regarding Bank Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Nova. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Please note, there is a significant difference between Bank of Nova Scotia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Nova Scotia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Nova Scotia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.