Bank of Nova Scotia Stock Hits 52-Week High: Why the BNS Rally Faces a Harder Test
Bank of Nova Scotia’s U.S.-listed shares hit a 52-week high Thursday, trading up to $78.98 before closing near $78.48 on 1.68 million shares. The stock’s rally follows stronger-than-expected quarterly results, with adjusted net income of C$2.695 billion and EPS of C$2.05. Analysts remain mixed, with recent upgrades and downgrades, as the stock trades near fair value and at a premium to peers.