WallStSmart
BNS

Bank of Nova Scotia

NYSE: BNS · FINANCIAL SERVICES · BANKS - DIVERSIFIED

$77.79
+2.83% today

Updated 2026-04-30

Market cap
$93.16B
P/E ratio
15.28
P/S ratio
2.80x
EPS (TTM)
$4.95
Dividend yield
5.68%
52W range
$47 – $78
Volume
2.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Bank of Nova Scotia (BNS) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$77.79
Consensus
$106.00
+36.26%
2030 Target
$462.79
+494.92%
DCF
—
—
16 analysts:
2 Buy1 Hold1 Sell

Management guidance

No specific revenue targets disclosed by management in recent earnings calls or investor conferences. CEO guidance focuses on ROE expansion (18.1% achieved in Canadian Banking Q1 2026) and mortgage repricing tailwind expected in 2027, but no explicit revenue guidance for 2026-2030 period was provided in available transcripts.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$771.32
$47.5B Rev × 20x P/S
Base case (2030)
$462.79
$47.5B Rev × 12x P/S
Bear case (2030)
$308.53
$47.5B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$31.8B$29.5B$73.2B$40.0B$42.0B$43.8B$45.6B$47.5B
Revenue growth—-7.2%148.2%26.5%4.8%4.3%4.2%4.2%
EPS$6.54$6.47$7.05$8.26$9.32$10.45$11.52$12.68
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$385.66$406.70$427.73$441.76$462.79

Catalysts & risks

Growth catalysts
+ 2027 mortgage repricing tailwind in Canadian banking (significant margin expansion expected)
+ Share buyback program (15M shares approved, ~1.2% of outstanding)
+ Digital transformation initiatives (Tangerine full digital bank revamp, enhanced wealth referrals)
+ Latin American market expansion and international diversification benefits
+ ROE expansion through business mix improvement and fee income growth
Key risks
- Currency fluctuations affecting Latin American revenue and earnings translation
- Regulatory changes in Canada and international markets impacting capital requirements
- Rising interest rate volatility and mortgage market compression
- Credit quality deterioration in economic slowdown scenarios
- Competitive pressure from fintech disruptors and digital banking platforms

Methodology

Bank of Nova Scotia's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 16 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.