Bank of Nova Scotia stock gets a new wealth service

Published on 10/07/2026 at 17:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of Nova Scotia stock traded at CAD 128.07 on October 7, 2026, while Scotia Wealth Management launched a new service. The consensus target is CAD 129.50.

BNS, CA0641491075, Illustration mit AI erstellt.

Bank of Nova Scotia stock (ISIN CA0641491075) was trading at CAD 128.07 on the Toronto Stock Exchange on October 7, 2026, down 0.52 percent at 1:29 p.m. ET. The fresh company development is a wealth-management launch announced on October 6, 2026.

New service targets wealthy clients

Scotia Wealth Management launched Scotia Global Intelligence, a service designed to give ultra-high-net-worth clients a consolidated view of their portfolios. The announcement came through Canada Newswire on October 6, 2026, and places advice and portfolio visibility at the center of the new offering.

The launch matters because Scotiabank operates across personal and commercial banking, wealth management, private banking, corporate and investment banking, and capital markets. The bank's latest quarterly balance sheet showed total assets of CAD 1.548 trillion at July 31, 2026, while common shareholders' equity stood at CAD 89.151 billion.

Buyback raises capital return

Scotiabank also received approval to increase its normal course issuer bid from 15 million shares to 40 million shares. The amended program became effective October 6, 2026, and the higher ceiling represents 3.25 percent of 1,231,433,660 common shares outstanding as of March 24, 2026, according to Scotiabank.

The bank had already repurchased 13,044,315 common shares as of August 31, 2026. Purchases can continue through April 6, 2027, with acquired shares cancelled, making the authorization relevant to future share count and per-share earnings.

Consensus stays near the market price

MarketBeat lists a Moderate Buy consensus based on 12 analysts, with an average price target of CAD 129.50, a high target of CAD 152.00 and a low target of CAD 101.00. The average target lies 1.1 percent above the TSX price of CAD 128.07.

The stock's October 7 trading range was CAD 127.86 to CAD 128.96, with volume of 718,397 shares. Its 52-week range was CAD 88.22 to CAD 134.50, leaving the reference price 4.8 percent below the yearly high and showing that the consensus target is close to the latest market level.

Stock trades below yearly high

Bank of Nova Scotia stock was last at CAD 128.07 on the TSX on October 7, 2026, with a market capitalization of CAD 155.8 billion. The next earnings date listed for the bank is December 2, 2026, according to Investing.com.