Been looking at BNS lately and the momentum setup actually looks interesting. The stock's up about 2% this past week, which is tracking pretty close to its banking sector peers. What caught my attention though is the longer-term picture - up roughly 10.7% over the last three months and almost 50% year-to-date. That's solid outperformance compared to the broader market.

The earnings revisions have been moving in the right direction too. Over the past couple months, analysts bumped up their full-year estimates for BNS from around $5.77 to $5.85 per share, with no downward revisions. That's the kind of positive momentum you want to see - it suggests the market's getting more bullish on the company's prospects.

Volume is running above average at roughly 1.6 million shares daily, which is a decent sign when a stock's moving higher. The technical setup combined with improving estimates is why BNS is trading with pretty strong momentum right now. If you're watching the banking sector, this one's worth keeping on your radar.