BNS Stock Summary and Trading Ideas (Bank Of Nova Scotia | NYSE:BNS)

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.

Bank Of Nova Scotia trades on the NYSE stock market under the symbol BNS.

As of April 26, 2024, BNS stock price climbed to $46.56 with 1,074,595 million shares trading.

BNS has a beta of 1.21, meaning it tends to be more sensitive to market movements. BNS has a correlation of 0.56 to the broad based SPY ETF.

BNS has a market cap of $56.90 billion. This is considered a Large Cap stock.

Last quarter Bank Of Nova Scotia reported $6 billion in Revenue and $1.25 earnings per share. This beat revenue expectation by $121 million and exceeded earnings estimates by $.04.

In the last 3 years, BNS stock traded as high as $74.86 and as low as $39.80.

The top ETF exchange traded funds that BNS belongs to (by Net Assets): DFIV, DFAI, DFIC, PXF, DFAX.

BNS has underperformed the market in the last year with a price return of +3.5% while the SPY ETF gained +27.4%. BNS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.0% and -3.4%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

BNS support price is $45.66 and resistance is $46.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BNS stock will trade within this expected range on the day.