Scotiabank Approved for Share Repurchase Program

Bank Of Nova Scotia ( (TSE:BNS) ) just unveiled an announcement.

On May 28, 2025, Scotiabank announced that it received approval from the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions to repurchase up to 20 million of its common shares, representing about 1.6% of its outstanding shares. This move is aimed at providing flexibility in managing its capital position and enhancing shareholder value. The repurchase program, which will commence on May 30, 2025, and could end by May 29, 2026, allows Scotiabank to buy shares at market prices through the TSX and other Canadian trading systems, with the acquired shares being canceled.

The most recent analyst rating on (TSE:BNS) stock is a Buy with a C$82.00 price target. To see the full list of analyst forecasts on Bank Of Nova Scotia stock, see the TSE:BNS Stock Forecast page.

Spark’s Take on TSE:BNS Stock

According to Spark, TipRanks’ AI Analyst, TSE:BNS is a Outperform.

The Bank of Nova Scotia’s stock is supported by strong financial performance, reasonable valuation, and strategic initiatives highlighted in the recent earnings call. Despite technical indicators suggesting caution with some bearish momentum, the bank’s robust dividend yield and solid financial foundation offer resilience against market fluctuations. Key risks include high leverage and credit loss provisions, but the bank’s strategic focus on growth and risk management provides an optimistic outlook.

To see Spark’s full report on TSE:BNS stock, click here.

More about Bank Of Nova Scotia

Scotiabank, one of the largest banks in North America by assets, offers a wide range of financial services including personal and commercial banking, wealth management, corporate and investment banking, and capital markets. With a vision to be the most trusted financial partner, Scotiabank is focused on delivering sustainable, profitable growth.

Average Trading Volume: 5,102,922

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$90.81B

For an in-depth examination of BNS stock, go to TipRanks’ Stock Analysis page.