Bank Of Nova Stock Today
BNS Stock | CAD 64.13 0.83 1.31% |
Performance5 of 100
| Odds Of DistressLess than 6
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Bank of Nova Scotia is selling at 64.13 as of the 4th of May 2024; that is 1.31 percent increase since the beginning of the trading day. The stock's open price was 63.3. Bank of Nova Scotia has only a 6 % chance of going through financial distress over the next few years but had a somewhat modest 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 4th of April 2024 and ending today, the 4th of May 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 1.22 B outstanding shares of which 35.8 M shares are currently shorted by private and institutional investors with about 7.05 days to cover all short positions. More on Bank of Nova
Moving together with Bank Stock
0.69 | SBN | S Split Corp | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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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 |
CEO | Brian Porter | ||||
Thematic Idea | Banks (View all Themes) | ||||
Business Concentration | Diversified Banks, Banks - Diversified, Financial Services, Banks, 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. | |||||
Financial leverage usually refers to 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.
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Bank of Nova (BNS) is traded on Toronto Exchange in Canada and employs 89,249 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 77.36 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 1.22 B outstanding shares of which 35.8 M shares are currently shorted by private and institutional investors with about 7.05 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 AllocationBank of Nova Scotia retains a total of 1.22 Billion outstanding shares. 30% of Bank of Nova outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
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Bank Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Bank of Nova Scotia jumping above the current price in 90 days from now is about 63.91%. The Bank of Nova probability density function shows the probability of Bank of Nova Scotia stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Bank of Nova Scotia has a beta of 0.7216 suggesting as returns on the market go up, Bank of Nova Scotia average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bank of Nova will be expected to be much smaller as well. Additionally, bank of Nova has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Bank of Nova Scotia to move above the current price in 90 days from now is about 63.91 (This Bank of Nova probability density function shows the probability of Bank Stock to fall within a particular range of prices over 90 days) .
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.
Mean Deviation | 0.6971 | |||
Semi Deviation | 0.8963 | |||
Standard Deviation | 0.9343 | |||
Variance | 0.8729 |
Bank Stock Against Markets
Picking the right benchmark for Bank of Nova Scotia stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Bank of Nova Scotia stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Bank of Nova Scotia is critical whether you are bullish or bearish towards Bank of Nova at a given time. Please also check how Bank of Nova Scotia's historical prices are related to one of the top price index indicators.
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.Did you try this?
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Bank of Nova Scotia Corporate Directors
Bank of Nova Scotia corporate directors refer to members of a Bank of Nova Scotia board of directors. The board of directors generally takes responsibility for the Bank of Nova Scotia's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Bank of Nova Scotia's board members must vote for the resolution. The Bank of Nova Scotia board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Ronald Brenneman | Independent Director | Profile | |
Eduardo Cortes | Not independent Director | Profile | |
Susan Segal | Independent Director | Profile | |
Barbara Thomas | Independent Director | Profile |
How to buy Bank Stock?
Before investing in Bank of Nova Scotia, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Bank of Nova Scotia. To buy Bank of Nova Scotia stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Bank of Nova Scotia. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Bank of Nova Scotia stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Bank of Nova stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Bank of Nova stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Bank of Nova, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Bank Stock please use our How to Invest in Bank of Nova Scotia guide.
Already Invested in Bank of Nova?
The danger of trading Bank of Nova is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bank of Nova Scotia is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bank of Nova Scotia. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank of Nova Scotia is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Bank Stock analysis
When running Bank of Nova Scotia's price analysis, check to measure Bank of Nova Scotia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Nova Scotia is operating at the current time. Most of Bank of Nova Scotia's value examination focuses on studying past and present price action to predict the probability of Bank of Nova Scotia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Nova Scotia's price. Additionally, you may evaluate how the addition of Bank of Nova Scotia to your portfolios can decrease your overall portfolio volatility.
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