Stock Price & Analysis

Based on the provided data and current market state (closed), here's a concise analysis for BNS stock:

Technical Analysis

• Current price: $51.82, showing positive momentum with +1.85% gain in the last session
• RSI-14 at 41.17 indicates neutral territory but slightly oversold
• Trading below both 20-day SMA ($52.66) and 60-day SMA ($53.88), suggesting short-term weakness

Recent Developments

• Bank of Nova Scotia recently participated in the RBC Capital Markets 2025 Canadian Bank CEO Conference on January 7
• The bank is currently repositioning its business strategy, focusing more on U.S. market expansion while reducing exposure in less desirable markets
• Recently acquired a 15% stake in KeyCorp as part of its strategic shift towards U.S. market presence

Investment Considerations

• Currently offers an attractive 5.3% dividend yield
• Has maintained dividend payments consistently since 1833, demonstrating remarkable dividend reliability
• Trading near Fibonacci support level of $50.58, suggesting potential buying opportunity
• Next resistance levels at $52.08 (pivot) and $53.58 (R1)

Recommendation HOLD. While BNS offers an attractive dividend yield and strong dividend history, the current technical indicators suggest waiting for confirmation of trend reversal before adding positions. The bank's strategic repositioning efforts and expansion into U.S. markets could provide long-term growth opportunities, but short-term price action remains weak.

Based on the provided data and current market conditions, here's the price prediction for BNS stock in 2025:

Bank of Nova Scotia (BNS) stock is expected to reach $54.50 by mid-2025, driven by its strategic repositioning efforts in the U.S. market and reduction of exposure in less desirable markets. The stock's technical indicators show a current RSI of 41.17 suggesting it's neither overbought nor oversold, while Fibonacci analysis points to strong resistance at $54.51 and support at $50.58, providing a clear trading range for 2025. The bank's reliable dividend history since 1833 and current high yield of 5.3% should provide fundamental support for the stock price through 2025.

The S1 support level for BNS Stock is $50.6 ,The R1 resistant level for BNS Stock is $52.1.

As of the end of day on 2025-01-24, the price of BNS Stock was $51.88.

The target price for BNS Stock according to analyst rating is 57.55, with the highest price target at 62.40 and the lowest at 54.08. Analysts have a Moderate Buy rating on BNS Stock overall.

The market cap of BNS is $64.7B.

Based on the provided data, I'll analyze whether BNS is overvalued in 5 concise sentences:

Valuation Analysis Bank of Nova Scotia (BNS) currently trades at a P/E of 12.2x, which is higher than its historical average but still reasonable for a major Canadian bank. The bank's price-to-book ratio of 1.21 and dividend yield of 5.91% suggest the stock is fairly valued compared to its historical metrics.

Financial Performance Net income has been declining sequentially through 2024, dropping from CAD 2.066B in Q1 to CAD 1.521B in Q4, indicating some operational challenges.

Technical Indicators The stock's RSI of 41.17 suggests it's neither overbought nor oversold, while trading below both its 60-day (53.88) and 20-day (52.66) moving averages indicates near-term weakness.

Analyst Perspective Recent analyst actions show mixed views, with RBC Capital maintaining a Hold rating with a $74 price target, while Barclays initiated coverage with a Sell rating and $70 target .

The Bank of Nova Scotia (the Bank) is a Canadian chartered bank. The Bank's segments include Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other. The Canadian Banking segment provides a full suite of financial advice and banking solutions. The International Banking segment is a diverse franchise offering financial advice and solutions to retail, corporate and commercial clients. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across the Bank's footprint. The Global Wealth Management segment serves investment fund and advisory clients across 13 countries. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. The Other segment includes Group Treasury, smaller operating segments and corporate items which are not allocated to a business line.

Based on the provided data and current market conditions, here's the analysis for BNS stock price prediction for 2030:

Bank of Nova Scotia (BNS) is projected to reach approximately $85-90 by 2030, driven by its strong dividend history dating back to 1833 and strategic shift towards expanding U.S. market presence. The bank's current transformation efforts, including reducing exposure in less profitable Central/South American markets while increasing focus on the U.S. market through strategic investments like its 15% stake in KeyCorp, positions it well for long-term growth.

The current technical indicators show RSI at 41.17 and negative MACD (-0.86), suggesting the stock is currently in a consolidation phase but not oversold. With its 200-day moving average at $49.41 and current price around $51.82, the stock shows potential for upward momentum in the long term.

BNS has a total of 88488 employees.