How to Buy Bank Of Nova Scotia Stock
Bank Of Nova Scotia
Bank Of Nova Scotia is a diversified bank company located in Ontario, Canada, which is part of the Financial Services sector, and is traded under the ticker BNS on the NYSE exchange.
Bank Of Nova Scotia stock last closed at $46.57, down 0.11% from the previous day, and has decreased 9.64% in one year. It has underperformed other stocks in the Banks - Diversified industry by 0.23 percentage points. Bank Of Nova Scotia stock is currently +17.02% from its 52-week low of $39.80, and -10.41% from its 52-week high of $51.98.
At the moment, there are 1.22B shares of BNS outstanding. The market value of BNS is $56.91B. In the last 24 hours, 1.2M BNS shares were traded.
How to Buy Bank Of Nova Scotia Stock
Not sure how to invest in Bank Of Nova Scotia stock? Here's how.
- Decide where to buy Bank Of Nova Scotia stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Bank Of Nova Scotia stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Choose your payment method and add your information.
- Analyze Bank Of Nova Scotia stock: The Bank Of Nova Scotia ticker symbol is BNS. Is Bank Of Nova Scotia stock a good investment? Should you buy shares of BNS? How do BNS's underlying business fundamentals look? Do top analysts think Bank Of Nova Scotia is a good buy? Why has BNS's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if BNS is a good stock to buy).
- Place your BNS buy order: Decide if you will purchase BNS shares at the current market price or use a limit order to buy BNS shares at a given price.
- Keep an eye on your BNS position: Create a watchlist to keep tabs on your new investment in Bank Of Nova Scotia stock.
Step 1: Decide where to buy Bank Of Nova Scotia stock
You need an online brokerage account in order to access the NYSE market and buy BNS stock.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal details so you are able to buy BNS today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create a new brokerage account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on the highest rated stock app, your next step is to transfer the money for your investment:
Check out the video below to see the process of depositing funds into your new brokerage account.
Step 4: Analyze Bank Of Nova Scotia stock
After you have figured out the best place to buy Bank Of Nova Scotia stock, it's critical to research their stock before you invest, so you can understand the risk as well as the upside.
Bank Of Nova Scotia shares data
Fundamentals of BNS
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on BNS's stock page.
What is the fair value of BNS stock?
Investors use many financial metrics, analyses, models, and charts to gauge BNS's fair value.
Using relative valuations measures:
- BNS may be undervalued based on its P/E ratio of 10.22x, relative to Banks - Diversified industry P/E ratio of 12.89x
- BNS may be undervalued based on its P/B ratio of 0.98x, relative to Banks - Diversified industry P/B ratio of 1.07x
- BNS could be overvalued based on its PEG ratio of 8.2x
You can do additional valuation research on BNS's stock here.
Is BNS a healthy company?
Signs that BNS is financially healthy:
- BNS earnings of $7.02B is not sufficient to cover its interest payments.
Signs that BNS is not financially healthy:
- Total BNS debt is higher than 5 years ago, relative to shareholder equity.
- BNS profit margin has gone down from 27.7% to 22.6% in the past year.
- BNS's operating cash flow of $13.09B allows it to safely service it's debt of $137.92B.
- BNS has a relatively high debt to equity ratio of 16.67.
Is Bank Of Nova Scotia stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 sell side analysts who track BNS, the consensus analyst rating on Bank Of Nova Scotia is a Strong Sell
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Bank Of Nova Scotia stock forecast page.
BNS Trading Indicators
BNS Revenue
Last year, BNS earnings were $5.48B. In the last 5 year, BNS's earnings have gone up by 1.71% per year. This was slower than the Banks - Diversified industry average of 6.82%.
Last year, BNS revenue was $24.24B. In the past 5 year, BNS's revenue has grown by 0.15% per year. This was slower than the Banks - Diversified industry average of 5.38%.
Dig into BNS's earnings and revenue performance here.
What are BNS executives and large shareholders up to?
In the past year, executives and large shareholders at BNS have not bought or sold any shares.
Learn more about who owns BNS stock here.
Can I rely on BNS as an income stream?
Bank Of Nova Scotia pays a dividend of 7.39%, compared to the Banks - Diversified industry's average dividend yield of 4.83%. If you owned $1,000 of BNS stock, you would have been paid $73.87 in the past 12 months.
Bank Of Nova Scotia dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Bank Of Nova Scotia dividend yield and history here.
What do other traders have to say about BNS?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your BNS buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, place a limit order.
Press the Open button and eToro will execute the order.
If you need more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your BNS position
Now that you own some BNS shares, you'll want to keep up with your new investment.
Create a watchlist to keep tabs on your BNS stock.
BNS Feed
How to Buy Stock in Bank Of Nova Scotia
To summarize, here are the 6 steps you need to take to buy Bank Of Nova Scotia stock right now:
- Decide where to buy Bank Of Nova Scotia stock
- Open your brokerage account
- Deposit funds into your investment account
- Analyze Bank Of Nova Scotia stock
- Place your BNS buy order
- Keep an eye on your BNS position
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your new investment in Bank Of Nova Scotia, create a watchlist today.
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