BNS · NYSE · STOCK
The Bank of Nova Scotia (BNS) Stock Analysis
$88.44
52W $62.98 – $95.74
58/100
$107.83B
16.3
1.19
Is BNS Bullish or Bearish?
Bullish.
Innellis AI committee rates The Bank of Nova Scotia (BNS) Buy with a composite score of 58/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +17.25 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -2.75 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — revenue growing 84.6% yoy -- genuine top-line momentum. Risk Analyst remains cautious — high leverage (debt-to-equity 2.84) amplifies downside in a stress scenario. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.3x is a discount to asset value — Value
- Dividend yield of 7.1% pays you to wait — Value
- Revenue growing 84.6% YoY -- genuine top-line momentum — Growth
- EPS growing 40.1% YoY — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
Bear Case
- Debt-to-equity of 2.84 adds balance-sheet risk to the value case — Value
- MACD histogram negative -- bearish momentum — Technical
- High leverage (debt-to-equity 2.84) amplifies downside in a stress scenario — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
58/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 59%
of 211 Financial Services peers
Value Analyst
neutral
58
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Price-to-book of 1.3x is a discount to asset value
− Debt-to-equity of 2.84 adds balance-sheet risk to the value case
Growth Analyst
bullish
84
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 84.6% YoY -- genuine top-line momentum
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
30
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 2.84) amplifies downside in a stress scenario
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
61
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 56.0 to 57.8.
- Bearish pressure eased: 2 signal(s) disappeared.
- Analyst(s) changed stance: Technical Analyst.
Analyst-level changes:
- Technical Analyst: stance bearish->neutral; score 38->48 (+10).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
33.4
Neutral
MACD Histogram
-0.667
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Bollinger %B
0.12
Inside Bands
Price vs Moving Averages
EMA 9
$89.66
Below
EMA 21
$90.91
Below
EMA 50
$90.42
Below
EMA 200
$81.64
Above
Fundamental Analysis
Valuation
97
Growth
87
Profitability
48
Financial Health
0
Cash Flow
70
Valuation
P/E Ratio
16.3×
P/B Ratio
1.73×
PEG Ratio
0.34
Dividend Yield
3.55%
52W High
$95.74
52W Low
$62.98
Quality & Growth
ROE
896.7%
ROA
53.3%
Gross Margin
4836.1%
Operating Margin
1880.5%
Revenue Growth YoY
—
Debt / Equity
3.06
AI Fundamental Assessment
P/E ratio of 16.3 (inexpensive relative to a 15-40x range); Price-to-book of 1.7x; PEG ratio of 0.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 9.0%; Return on assets of 0.5%; Net margin of 14.1%; Gross margin of 48.4%; Current ratio of 0.04 (tight short-term liquidity); Debt-to-equity of 3.06; Free cash flow per share is positive (18.46); Most recent quarter beat estimates by 7.4%; 5 consecutive earnings beats; EPS growth accelerating (-1.5% -> +12.9% QoQ); Average YoY EPS growth of 21.3%; Analyst estimates rising over recent quarters
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