Scotiabank Plans Major Share Buyback to Boost Capital Flexibility

The latest announcement is out from Bank Of Nova Scotia ( (TSE:BNS) ).

Scotiabank has announced its intention to repurchase up to 20 million of its common shares, representing about 1.6% of its outstanding shares, pending regulatory approval. This move is aimed at enhancing the bank’s capital management flexibility and generating shareholder value, with purchases expected to commence around May 30, 2025, and conclude by May 29, 2026. The repurchase will be conducted through the Toronto Stock Exchange and other Canadian trading systems, potentially impacting the bank’s capital position and market perception.

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 is one of the largest banks in North America by assets, with approximately $1.4 trillion as of April 30, 2025. The bank offers a wide range of financial services including personal and commercial banking, wealth management, private banking, corporate and investment banking, and capital markets. It aims to be a trusted financial partner for its clients, delivering sustainable and profitable growth.

Average Trading Volume: 5,143,330

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$89.29B

Learn more about BNS stock on TipRanks’ Stock Analysis page.