Outlook for BNS stock in 2025… some key points
BNS stock made a strong comeback in 2024, with an ~20% year-to-date gain, closing at $77.09 today. This recovery was driven by strong financial performance, particularly in its Canadian and international banking segments.
The bank's net profit climbed by about 6% year-over-year to $7.9 billion, supported by strong revenue growth, strategic focus on core markets, and improved operational efficiencies. The Canadian banking division saw a 7% increase in adjusted earnings to $4.3 billion.
So, it appears that the outlook for 2025 is optimistic, with expectations of continued growth driven by strong demand in residential mortgages and personal loans, stable deposit growth, and investments in technology and digital transformation. Easing inflation and declining interest rates are also likely to play a significant role in shaping the bank's performance.
Plus… the stock's strong 5.5% annualized dividend yield makes it attractive for income-focused, long-term investors.
My TP for BNS in 12 months is $90...
Happy Holidays everyone! Cheers and may Plutus and Caishen be with you in 2025!!