Reevaluating Scotiabank (TSX:BNS) Valuation Following Recent Trends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
0mins
Should l Buy BNS?
Source: Yahoo Finance
Bank Performance Overview: Bank of Nova Scotia's shares have increased by 24.3% this year, with a total shareholder return of 27.3% over the past year, driven by improving profitability and optimism in the Canadian banking sector.
Valuation Debate: The bank's current share price of CA$96.03 is slightly above the fair value estimate of CA$92.21, raising questions about whether the stock is overvalued or if it still has growth potential.
Digital Transformation Impact: The bank is investing in digital platforms, including AI solutions, which are expected to enhance operational efficiency and profitability, although challenges from slow loan growth and Latin American exposure remain.
DCF Model Insights: According to the SWS DCF model, the bank's shares may be undervalued at CA$96.03, sitting 22.6% below a fair value estimate of CA$124.05, suggesting a potential long-term investment opportunity.
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Analyst Views on BNS
Wall Street analysts forecast BNS stock price to fall
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 75.840
Low
68.69
Averages
75.58
High
79.76
Current: 75.840
Low
68.69
Averages
75.58
High
79.76
About BNS
The Bank of Nova Scotia (the Bank) is a chartered Schedule I bank. The Bank is a global financial services provider offering a range of products and services, including personal, commercial, corporate and investment banking. Its segments include Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other. Canadian Banking segment provides a full suite of financial advice and banking solutions. Canadian Banking segment comprises retail banking and business banking. International Banking segment is a diverse franchise that provides financial advice and solutions to retail, corporate, and commercial clients. Its geographic presence spans over 15 countries including Mexico, Chile, and Peru. Global Wealth Management segment is comprised of wealth management and asset management businesses. Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Adjusted Net Income: After accounting for about C$8 million in amortization of acquired intangible assets, the adjusted net income contribution from KeyCorp is expected to reach around C$89 million, further enhancing the sustainability of its financial performance.
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- Earnings Release Date: The bank plans to publish its first-quarter financial results on February 24, 2026, with investors closely monitoring its performance to assess future growth potential.
- Stock Price Movement: In pre-market trading, Scotiabank shares were priced at $73.04, reflecting a 0.33% increase from the previous trading day, indicating market optimism regarding its future earnings.
- Market Reaction: The anticipated earnings and upcoming financial report may influence investor confidence, potentially driving fluctuations in Scotiabank's stock price in the coming weeks.
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- Key Corporation Impact: The expected income is influenced by the performance of Key Corporation.
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KeyCorp's Contribution: The expected income reflects KeyCorp's performance and its significance to Scotia Bank's financial outlook.
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- Distribution Announcement: Purpose Investments has announced its January 2026 distribution plan, with ex-distribution dates set for January 28 and 30 for open-end and closed-end funds respectively, demonstrating the company's ongoing commitment to generating returns for investors.
- Distribution Amounts: For instance, the Apple Yield Shares ETF will distribute $0.1667 per unit, while the Microsoft Yield Shares ETF will distribute $0.1750, reflecting the company's ability to maintain stable returns across its diversified portfolio.
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- Future Outlook: The company expects to release the final distribution rates for the Purpose USD Cash Management Fund and others on January 27, highlighting its emphasis on transparency and communication with clients, which may attract more investor interest in its products.
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- Net Income Contribution: Bank of Nova Scotia anticipates that its ownership interest in KeyCorp will yield approximately C$81 million in net income for FQ1 2026, indicating a stable return potential from its investment.
- Adjusted Net Income: After accounting for about C$8 million in amortization of acquired intangible assets, the adjusted net income contribution from KeyCorp is expected to reach around C$89 million, further enhancing the sustainability of its financial performance.
- Earnings Release Schedule: Scotiabank is set to release its fiscal first quarter financial results on February 24, 2026, with the market closely monitoring its overall performance and KeyCorp's contributions.
- KeyCorp Development Updates: KeyCorp's Q4 2025 earnings exceeded market expectations, and it plans to implement a $1.2 billion share repurchase program in 2026, reflecting strong loan momentum and a 7% revenue growth target.
See More
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- Net Income Expectation: Scotiabank anticipates approximately $81 million in net income from KeyCorp's fourth-quarter results, which is expected to positively impact its financial performance in Q1 2026.
- Earnings Release Date: The bank plans to publish its first-quarter financial results on February 24, 2026, with investors closely monitoring its performance to assess future growth potential.
- Stock Price Movement: In pre-market trading, Scotiabank shares were priced at $73.04, reflecting a 0.33% increase from the previous trading day, indicating market optimism regarding its future earnings.
- Market Reaction: The anticipated earnings and upcoming financial report may influence investor confidence, potentially driving fluctuations in Scotiabank's stock price in the coming weeks.
See More
Scotiabank Anticipates KeyCorp's Adjusted Net Income to Reach CAD $89 Million
- Scotia Bank's Income: Scotia Bank's net income is projected to be CAD $89 million.
- Key Corporation Impact: The expected income is influenced by the performance of Key Corporation.
See More
SCOTIABANK PROJECTS CAD $81 MILLION NET INCOME FROM KEYCORP IN Q1 2026
Scotia Bank's Financial Expectations: Scotia Bank anticipates a net income of CAD $81 million from KeyCorp in the first quarter of 2026.
KeyCorp's Contribution: The expected income reflects KeyCorp's performance and its significance to Scotia Bank's financial outlook.
See More
SCOTIABANK DISCUSSES ANTICIPATED IMPACT OF KEYCORP'S FOURTH QUARTER EARNINGS
- Earnings Overview: Scotia Bank comments on the expected contribution from KeyCorp's fourth quarter earnings.
- Financial Impact: The anticipated earnings from KeyCorp are likely to influence Scotia Bank's financial performance.
See More
Purpose Investments Announces January 2026 Distributions for ETFs and Funds Managing $31 Billion
- Distribution Announcement: Purpose Investments has announced its January 2026 distribution plan, with ex-distribution dates set for January 28 and 30 for open-end and closed-end funds respectively, demonstrating the company's ongoing commitment to generating returns for investors.
- Distribution Amounts: For instance, the Apple Yield Shares ETF will distribute $0.1667 per unit, while the Microsoft Yield Shares ETF will distribute $0.1750, reflecting the company's ability to maintain stable returns across its diversified portfolio.
- Asset Management Scale: Purpose Investments currently manages over $31 billion in assets, indicating its strong position and client trust in the asset management industry, which further enhances its competitive edge in the market.
- Future Outlook: The company expects to release the final distribution rates for the Purpose USD Cash Management Fund and others on January 27, highlighting its emphasis on transparency and communication with clients, which may attract more investor interest in its products.
See More
