Bank of Nova Scotia Stock Hits 52-Week High: Why the BNS Rally Faces a Harder Test
Bank of Nova Scotia’s U.S. shares hit a fresh 52-week high Thursday, as Scotiabank’s earnings rebound drew investor attention. According to MarketBeat, BNS touched $78.66 before settling at $78.4490, trading 1.68 million shares. A later quote had the price at $78.475, after a session peak of $78.98. The rally has real weight here, with the stock now bumping up against valuation metrics investors track to decide if the rebound has run its course. According to Simply Wall St, shares hovered near CA$106.92, fueled by a 9.39% jump over the past month and a hefty 61.77% total return for the year—a dramatic move for a bank still aiming to convince on its streamlined strategy.