Bank of Nova Scotia stock clears 50-day average as ratings stay positive

Bank of Nova Scotia stock moved above its 50-day moving average during Monday trading, according to a November 10 report by MarketBeat. The cited US-market data put the 50-day moving average at 92.41 US dollars and the session high at 93.84 US dollars.

The report said the shares last traded at 93.3010 US dollars in that session, with volume of 1,852,521 shares. Those figures refer to the US listing and are separate from the euro quote on Lang & Schwarz.

Analyst view remains constructive

MarketBeat's survey showed one Strong Buy rating, five Buy ratings and four Hold ratings. The resulting consensus was Moderate Buy, with an average price target of 105.50 US dollars. TD Securities had upgraded the stock from Hold to Buy in August, while National Bank Financial moved its rating from Sector Perform to Outperform.

The cited fundamental snapshot also included a quarterly earnings beat from August 25. Bank of Nova Scotia reported earnings per share of 1.64 US dollars against a consensus estimate of 1.53 US dollars, while revenue reached 7.52 billion US dollars versus an expected 7.11 billion US dollars. Revenue was 11.1 percent above the prior-year quarter, although earnings per share declined from 1.84 US dollars a year earlier.

Results remain the next catalyst

Scotiabank is scheduled to publish its fiscal fourth-quarter results on Wednesday, December 2, 2026, before the market opens, with a conference call planned for 7:15 a.m. Eastern Time. The release will give investors the next opportunity to assess whether recent earnings momentum supports the valuation and the positive analyst stance.

Bank of Nova Scotia stock traded at 83.24 euros on Lang & Schwarz at 13:05 CET on Tuesday, November 10, 2026.

The Canadian banking sector remains the relevant market backdrop; follow the S&P/TSX Composite for broader regional context.

For more company-specific coverage, see More news and analyses on Bank of Nova Scotia stock.