Bank of Nova Scotia

BNS: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	LOCK\|Sm	LOCK\|wl$#F	LOCK\|?#P&SP

Bank of Nova Scotia: 2025 Will Be a Transitional Year Amid Its International Turnaround Efforts

Maoyuan Chen

Apr 1, 2025

After taking a fresh look at Bank of Nova Scotia, we are decreasing our fair value estimates slightly to CAD 76 and USD 53, from CAD 77 and USD 54 previously. We maintain our narrow moat rating and Standard Morningstar Capital Allocation Rating. We view shares as slightly undervalued to fairly valued at current market prices.

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