DailyIQ
Last updated1 minute ago

BNS·Bank Nova Scotia Halifax Pfd 3

$87.21
-3.01 (-3.34%)
After Hours
High
$89.19
Open
$89.11
Market Cap
158.68B
52W High
$95.88
Low
$87.12
P. Close
$87.21
P/E
15.85
52W Low
$62.49
Fwd P/E
13.25
DailyIQ Est.
$90.33
Inst. Ownership
-
Short Interest
0.66%
Days to Cover
6.0
Technical Score (1D)
27
BEARISH
News Sentiment
62
BULLISH
On Oct 7, Bank of Nova Scotia (BNS) was given a Zacks Rank of #2 (Buy), indicating a lift in analyst sentiment. The same day, the consensus estimate for BNS’ full‑year earnings rose 3.1 % in the most recent quarter, pointing to a stronger earnings outlook. BNS had returned about 22.4 % year‑to‑date, a performance that outpaced many peers in the finance sector. These developments were reported as suggesting a positive trajectory for the bank, though the impact was described as moderate rather than transformative.
LOW TARGET
$76 -13.1%
2 analysts
MEAN TARGET
$90 +2.6%
14 analysts
HIGH TARGET
$99 +13.2%
5 analysts
PRICE RANGE
$75.77 - $98.74
SB / B / H / S / SS
2/7/10/1/1
DAILYIQ EST.
$90.33 (+3.6%)

EPS

EstBeatMiss
$1.66$1.81$1.96$2.12$2.27Q2'25Q3'26
QtrEstActual+/−
Q3'26$2.20 - -
Q2'25$1.73$1.88+8.7%

Revenue

EstBeatMiss
$9.2B$9.5B$9.8B$10.1B$10.4BQ2'25Q3'26
QtrEstActual+/−
Q3'26$10.3B - -
Q2'25 - $9.3B -

Market Data

BNS Stock Snapshot

BEARISH27/100
$87.23+$0.02 (0.0%)
Market cap
158.68B
P/E ratio
15.8
Day range
$87.12 – $89.19
News sentiment
62/100 · Bullish
Analyst target
$89.53 (+2.6%)
Consensus
Hold · 21 analysts
52-week range+39.6% off low · -9.0% from high
$62.49$95.88
Price $87.23 DailyIQ Est. $90.33

BNS is on the weaker side of its setup, with little confirmation for a reversal yet. The stock is liquid enough that positioning changes get absorbed without distorting the trend.

Behaviour On Record

What BNS's own history says about today's numbers

Realized volatility (21d)
20.2% 66th pct
Below its peak
-5.6%
vs 200-day average
+12.0%
Up days (1y)
55%

Bank Nova Scotia Halifax Pfd 3 is currently running 20.2% annualised volatility over the last 21 sessions. Measured against BNS's own 13 years of daily returns rather than a market-wide average, that is the 66th percentile — a little above its own norm, against a typical reading of 17.3%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

BNS is trading -5.6% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -18.4%, and the deepest was -42.7% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +12.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 83rd percentile — a wider gap than this stock usually carries. Over the past year BNS closed higher on 55% of sessions, and it is currently 1 session into a falling streak.

On October specifically: over 13 years of records, BNS finished the month higher 9 of 13 times, with a median return of +1.0% and an average of -0.0%. Its strongest month historically has been November at +3.5% on average, its weakest March at -1.3%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: BNS has opened more than 2% away from the prior close in 86 of 3,267 sessions (2.6% of the time), with the largest gaps running +6.8% and -10.1%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,268 daily closes between 2013-10-07 and 2026-10-05, split-adjusted, recomputed daily. Percentiles are against BNS's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of BNS's sector?

Bank Nova Scotia Halifax Pfd 3 sits in the Financials sector, currently ranked 11th of 12 GICS sectors by relative-strength rotation score (improving). Within its narrower Banks industry group, BNS ranks 11th of 15 tracked industries, lagging.

Sector rank
#11 of 12
Sector state
Improving
Sector rotation score
27
Industry rank
#11 of 15

Options Market

What is the options market pricing for BNS?

CallsPuts

For Bank Nova Scotia Halifax Pfd 3's nearest expiry (2026-10-16, 9 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.76), with at-the-money implied volatility around 23.2%. The options market is pricing roughly a ±4.4% move by that expiry — a range of about $87.15–$95.14.

Put/call ratio (2026-10-16)
0.76
ATM implied volatility
23.2%
Total open interest
3,057
Expected move by 2026-10-16
±4.4% ($87.15–$95.14)

Analyst Rating Changes

Are analysts turning bullish or bearish on BNS?

RBC Capital most recently reiterated its rating on Bank Nova Scotia Halifax Pfd 3 to Sector Perform on May 28, 2026 with a price target of $117 (from $98). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
RBC Capital — Sector Perform
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
May 28, 2026RBC CapitalMaintainedSector Perform$98 → $117
Feb 25, 2026RBC CapitalMaintainedSector Perform$97 → $106
Dec 3, 2025RBC CapitalMaintainedSector Perform$86 → $97
Aug 27, 2025RBC CapitalMaintainedSector Perform$80 → $86
Feb 26, 2025RBC CapitalMaintainedSector Perform$83 → $81
Dec 4, 2024RBC CapitalMaintainedSector Perform$65 → $74
Mar 20, 2024BarclaysInitiatedUnderweight$70
Aug 30, 2023ScotiabankMaintainedHold$68 → $66
Aug 21, 2023BarclaysMaintainedUnderweight$63 → $65
May 26, 2023RBC CapitalMaintainedSector Perform$76 → $73
May 9, 2023BarclaysDowngradeEqual-Weight → Underweight$78 → $64
Mar 1, 2023RBC CapitalMaintainedSector Perform$86 → $77

News Sentiment Analysis

Sentiment gathered from recent headlines

62/100
Strong NegativeNeutralStrong Positive
MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Bank of Nova Scotia (BNS) received a Zacks Rank of #2 (Buy), reflecting improved analyst sentiment. The consensus estimate for BNS’ full‑year earnings rose 3.1% in the past quarter, indicating a stronger earnings outlook. Since the start of the calendar year, BNS has returned approximately 22.4%, outperforming many peers in the finance sector. These developments suggest a positive trajectory for the bank, though the impact is moderate rather than transformative.
What did this article say?
Scotiabank’s Wealth Management division introduced Scotia Global Intelligence™, a new platform aimed at Ultra‑High‑Net‑Worth clients. The service aggregates portfolio data, institutional expertise, and strategic insights to offer a comprehensive view of clients’ wealth across all holdings. It complements existing family office, succession planning, and private banking solutions, positioning the bank as a more integrated provider for high‑net‑worth individuals. The launch signals an effort to deepen client relationships and differentiate Scotia’s wealth services in a competitive market.
What did this article say?
Bank of Nova Scotia (BNS) received regulatory approval to increase its normal course issuer bid cap from 15 million to 40 million shares, signaling a stronger commitment to shareholder returns. The move follows a 6.16% 90‑day and 26.88% year‑to‑date share price gain, underscoring market confidence. Analysts view the expanded buyback as evidence that the stock is undervalued, while some caution that the rally may have outpaced fundamentals. The decision aligns with BNS’s strategy to enhance total shareholder return and support long‑term value creation.
What did this article say?
Scotiabank (BNS.TO) announced an amendment to its normal course issuer bid, increasing the share repurchase target from 15 million to 40 million shares. The amendment received approval from the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions and is effective from October 6. The repurchase represents about 3.25% of the bank’s issued and outstanding common shares as of March 24, and the bank had already bought 13.04 million shares under the original bid as of August 31.
What did this article say?
Bank of Nova Scotia (BNS) received approval from the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions to increase its share buyback program to 40 million shares, up from the previously authorized 15 million. The amendment represents roughly 3.25 % of the bank’s 1.23 billion shares outstanding. The expanded buyback will commence on October 6, signaling management’s confidence in the company’s valuation and providing additional shareholder value.
What did this article say?
On October 2, 2026, Scotiabank announced an amendment to its normal course issuer bid, increasing the maximum number of shares it may repurchase from 15 million to 40 million. The amendment, approved by the TSX and OSFI, allows the bank to cancel up to 3.25% of its outstanding shares. As of August 31, 2026, the bank had already bought over 13 million shares under the original bid. The expanded buyback is expected to support the share price and enhance shareholder returns.
What did this article say?
Bank of Nova Scotia (BNS) reports a robust commercial banking pipeline, citing progress from a strategy that deepens primary customer relationships and diversifies revenue streams. The bank highlights digital fee initiatives as a key growth lever, while maintaining pricing and cost discipline. Management notes resilience among commercial clients despite tariff and trade‑policy uncertainties, and stresses vigilant underwriting and stress testing in sensitive sectors.
What did this article say?
Scotiabank (BNS) posted record Q3 earnings and announced a $100 billion capital deployment plan across Canadian projects, including energy, critical minerals, defence, AI and infrastructure. The bank’s 146% share‑price return over three years now appears supported by strong capital returns and a robust P/E of 16.9x. Analysts suggest the current valuation may be below intrinsic value, implying upside potential for investors. The focus will be on how quickly the bank can deploy capital and whether the new projects generate the expected returns.
What did this article say?
Bank of Nova Scotia (BNS) has introduced the Scotia Growth Institute, a platform aimed at driving long‑term economic growth across Canada and North America. The launch has coincided with a strong share‑price rally, with a 30‑day return of 5.03% and a year‑to‑date gain of 28.57%. Investors view the initiative as a signal that BNS is refocusing on North America and leveraging fixed‑income markets, potentially unlocking further upside. The bank’s 1‑year total shareholder return of 54.2% underscores the market’s positive reception. Analysts suggest the current valuation still offers room for growth as the institute’s impact materializes.
What did this article say?
Scotiabank’s senior executive Matthew Parker‑Jones has been named a recipient of Canada’s Top 40 Under 40® Award, highlighting his contributions to business transformation and financial innovation. The accolade underscores BNS’s focus on developing strong leadership teams and fostering innovation across its commercial banking division. While the award is a positive signal of talent within the organization, it does not directly influence earnings or capital structure at this time.

Technical Analysis

Real-time indicators across multiple timeframes

27
BEARISH
Technical indicators reflect the latest computed signal mix for this timeframe.
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