BNS NYSE Week ended 18 Sep 2026

Weekly Investor Report

Bank of Nova Scotia · Financial Services · Banks - Diversified

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Latest close 94.07 USD
0.7% latest week
Weekly setup

Constructive, but selective

The weekly trend is active. Price is 15.3% above the Trend Line and sits at 96.2% of its 52-week range. The latest completed week returned 0.7%, after a 7.4% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive. Options positioning is mixed with 35/100 conviction, while the latest news-sentiment score is 58/100. Near-term considerations: price is close to its 52-week high; volume confirmation is below normal.

Setup score 75 out of 100
Latest Close 94.07 USD 18 Sep 2026
1W Return 0.7% latest completed week
4W Return 7.4% short-term follow-through
12W Return 10.2% quarterly tape
Trend Breadth 96.2% 50 of 52 weeks active
Volume Ratio 0.6x vs 13-week average
What is working
  • The trend backdrop is active with a 24-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • 2 reversal markers appear in the recent smart-money tape.
What to watch next
  • Price is close to its 52-week high; watch for continuation or exhaustion.
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through 0.7% Latest completed week; four-week move 7.4%. Indicator stack 98/65 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Next-Week Expectancy Positive 60.02% Historical one-week expectancy contributes to the evidence score when direction is confirmed. Options pressure Mixed 35/100 conviction; expected move 1.5%. News sentiment 58/100 42 relevant articles in the latest sentiment read.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 15.3% above the Trend Line and sits at 96.2% of its 52-week range. The latest completed week returned 0.7%, after a 7.4% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.6x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.9912-week average 0.98

12-week confirmation

Trend active12/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership12/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.99Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers22 reversal markers

No recent accumulation markers. 2 reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 7.4% over four weeks, 10.2% over 12 weeks, and 50.0% over one year. The current trend has remained active for 24 consecutive weeks.

Performance by holding period

1W0.7%
4W7.4%
12W10.2%
26W39.6%
52W50.0%
Active trend streak24 weeks
Active weeks in one year50
Trend breadth96.2%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure0.83Latest activity-pressure read.
Pressure change-4.2%Four-week change in activity pressure.
Leadership14.42Latest relative-leadership reading.
RS change73.4%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive.

Open full factor analysis
Factor week 11 Sep 2026 Financial statements through 31 Oct 2025 Field coverage 88% Model confidence 57%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength39/100Blend of value, momentum, and quality. Underlying universe rank 62; rank 1 is best.
Value29/100Relative valuation strength. Underlying universe rank 72; rank 1 is best.
Quality29/100Profitability and accounting quality. Underlying universe rank 72; rank 1 is best.
Momentum88/100Medium-term price momentum. Underlying universe rank 13; rank 1 is best.
Growth35/100Revenue and earnings growth. Underlying universe rank 66; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
14.6x
Price divided by trailing earnings.
Price / sales
1.6x
Market value relative to trailing revenue.
EV / EBITDA
-
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
1.3%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
44.3%
Gross profit retained from each unit of revenue.
Operating margin
14.4%
Operating profit retained from revenue.
Free-cash-flow margin
6.9%
Free cash flow generated from revenue.
Return on invested capital
2.2%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
-
Latest one-year revenue growth.
EPS growth
-
Latest one-year earnings-per-share growth.
Free-cash-flow growth
-
Latest one-year free-cash-flow growth.
Piotroski F-score
-
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
1.7%
Cash dividends relative to market value.
Buyback yield
-0.4%
Net share repurchases relative to market value.
Shareholder yield
1.3%
Dividend yield plus net buyback yield.
Net debt / EBITDA
-
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningMixed

BNS shows mixed options pressure with a 35/100 conviction score, put-call volume ratio of 0.81, expected move of 1.5%, and Sharemaestro trend signal active.

Conviction35/100
Expected move1.5%
Put/call volume0.81
Pressure13
Speculation24
Volatility26
Trend agreement84
Open options detail
Insider activity-

No recent insider transactions are stored for this company.

News sentiment58/100

Weighted news tone is positive across 42 relevant articles.

22 positive · 20 neutral · 0 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings-No event is currently stored.
Options expected move1.5%Nearest-chain priced movement where available.
52-week drawdown-1.3%Distance below the 52-week high.
13-week volatility2.5%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher16 of 2610 weeks finished lower.
Best week+5.5%Week of 28 Aug.
Worst week-4.3%Week of 21 Aug.
Latest week+0.7%Week of 18 Sep.

Shape of recent returns

Strong gains4
Modest gains12
Flat weeks0
Modest losses9
Sharp losses1
Recent vol2.5%13-week weekly-return volatility.
Base vol2.4%52-week weekly-return volatility.
Up/down split31/21Count of positive and negative weeks in the 52-week window.
Average skew2.4% / -1.5%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape78/100

Trend, activity pressure, participation, and risk combine to a 78/100 tape read.

 Indicator analysis87/100

Latest 12-week confirmation: trend 12/12, activity pressure 12/12, relative leadership 12/12.

Activity pressure 0.99; 2 reversal markers Next-Week ExpectancyPositive 60.02%

Next-week expectancy is positive with a 60.02% historical one-week setup read.

Adds short-term historical context without overriding trend, activity, or relative leadership. Factors44/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 85 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options56/100

BNS shows mixed options pressure with a 35/100 conviction score, put-call volume ratio of 0.81, expected move of 1.5%, and Sharemaestro trend signal active.

Mixed · Options-market disagreement · Expected move 1.5% Sentiment58/100

Weighted news tone is positive across 42 relevant articles.

Bank of Nova Scotia Sees Commercial Growth as Digital, Fee Strategy Gains Traction Insiders50/100

No recent insider transaction evidence is stored.

 Earnings50/100

No stored earnings event is currently attached to this ticker.

 Research flow4 items

3 recent research articles and 1 Market Watch posts are available.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
18 Sep 202694.07 USD0.7%81.61 USD56.12 USD0.8314.427.2MOn
11 Sep 202693.45 USD-0.4%81.02 USD55.76 USD0.7514.1410.6MOn
4 Sep 202693.82 USD1.5%80.40 USD55.42 USD0.8614.297.7MOn
28 Aug 202692.39 USD5.5%79.79 USD55.07 USD0.9413.2115.2MOn
21 Aug 202687.57 USD-4.3%79.17 USD54.74 USD0.868.327.2MOn
14 Aug 202691.54 USD3.0%78.72 USD54.42 USD1.1112.2410.2MOn
7 Aug 202688.85 USD1.2%78.09 USD54.08 USD1.169.7411.9MOn
31 Jul 202687.77 USD0.9%77.51 USD53.76 USD1.3112.828.7MOn
24 Jul 202687.00 USD-2.7%77.01 USD53.46 USD1.3113.6913.5MOn
17 Jul 202689.43 USD2.1%76.53 USD53.17 USD1.3816.8511.3MOn
10 Jul 202687.59 USD3.5%75.92 USD52.86 USD1.3113.4121.7MOn
3 Jul 202684.61 USD-0.9%75.37 USD52.57 USD1.1111.699.5MOn
26 Jun 202685.36 USD-1.0%74.88 USD52.28 USD1.0215.7218.9MOn
19 Jun 202686.23 USD3.6%74.30 USD52.00 USD0.8114.7910.9MOn
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.

Evidence context