Bank of Nova Scotia (BNS-T) Stock Predictions - Stockchase
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Bank of Nova Scotia (BNS-T)

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Bank of Nova Scotia Bank of Nova Scotia
BNS-T

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Bank of Nova Scotia (BNS-T) SAVE

76.62

0.29 (0.38%)

Aug, 17, 2018, 12:00 am

OPINIONS

About Bank of Nova Scotia (BNS-T)

The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational bank. It is the third largest bank in Canada by deposits and market capitalization. More at Wikipedia

What the experts are saying about BNS-T



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Signal Opinion Expert
BUY
Bank of Nova Scotia(BNS-T) 

August 15, 2018

It is split between Canada and international markets including Chile, Mexico and the Philippines.  He likes that diversification.  The stock price is still recovering from a recent $1.5 billion acquisition.  He thinks it is a buying opportunity at a level less than $80.  

banks

It is split between Canada and international markets including Chile, Mexico and the Philippines.  He likes that diversification.  The stock price is still recovering from a recent $1.5 billion acquisition.  He thinks it is a buying opportunity at a level less than $80.  

banks
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$76.330
Owned Owned
No

BUY
Bank of Nova Scotia(BNS-T) 

August 14, 2018

This is the only Canadian bank he owns. He likes it because (a) it has the least exposure to Canada of the Canadian banks and (b) it is the most international bank, having operations in Latin America and Asia. ScotiaBank has been making acquisitions that use its current capital and will take time to increase its earnings. The market is punishing it over the short term, but these are great long-term acquisitions.

banks

This is the only Canadian bank he owns. He likes it because (a) it has the least exposure to Canada of the Canadian banks and (b) it is the most international bank, having operations in Latin America and Asia. ScotiaBank has been making acquisitions that use its current capital and will take time to increase its earnings. The market is punishing it over the short term, but these are great long-term acquisitions.

banks
Norman Levine

Managing D, Portfolio Management...

Price Price
$76.860
Owned Owned
Yes

BUY

One of the three banks he owns.  BNS-T is one of the weaker ones and he thinks that makes it a potential buy.  He sees support around these levels.  If it traded below $74.50 he would sell.  Yield 4%

banks

One of the three banks he owns.  BNS-T is one of the weaker ones and he thinks that makes it a potential buy.  He sees support around these levels.  If it traded below $74.50 he would sell.  Yield 4%

banks
Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$76.610
Owned Owned
Yes

PAST TOP PICK

(A top pick October 18/17, down 1%) This one is still in the starting gate. This is the heaviest weighted bank in their portfolio. Scotiabank is the poster child for emerging market exposure with operations in Mexico, Latin America, and South America. They are getting bigger in those geographies. And have double downed on wealth management with the acquisition of MD Management. Sentiment changing in emerging markets should put it back on track.

banks

(A top pick October 18/17, down 1%) This one is still in the starting gate. This is the heaviest weighted bank in their portfolio. Scotiabank is the poster child for emerging market exposure with operations in Mexico, Latin America, and South America. They are getting bigger in those geographies. And have double downed on wealth management with the acquisition of MD Management. Sentiment changing in emerging markets should put it back on track.

banks
Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$77.050
Owned Owned
Yes

TOP PICK

This is part of his Canadian portfolio. From the point of view of Canadian holdings, this is a good company to own because they’ve made two good acquisitions on the wealth management side. These will be accretive. Also the market seems to be successfully absorbing higher interest rates. Over the longer term, this has been a solid performer and it offers a good dividend yield. That makes it an interesting story even from the global perspective. (Analysts’ price target is $86.29)

banks

This is part of his Canadian portfolio. From the point of view of Canadian holdings, this is a good company to own because they’ve made two good acquisitions on the wealth management side. These will be accretive. Also the market seems to be successfully absorbing higher interest rates. Over the longer term, this has been a solid performer and it offers a good dividend yield. That makes it an interesting story even from the global perspective. (Analysts’ price target is $86.29)

banks
Darren Sissons

Vice Presi, Campbell Lee & Ross...

Price Price
$77.090
Owned Owned
Yes

HOLD

The Mexican election is a near term potential uncertainty.  He would prefer TD or Royal Bank – those with good assets in the US.  He would continue to hold and ignore the near term issues.   He likes the South American exposure for the long term.   

banks

The Mexican election is a near term potential uncertainty.  He would prefer TD or Royal Bank – those with good assets in the US.  He would continue to hold and ignore the near term issues.   He likes the South American exposure for the long term.   

banks
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$76.580
Owned Owned
No

BUY

Likes it. Consolidating for 2017-18. Now at low end of that range. It’s a laggard in the Canadian banks. Use a stop of around $72.80.

banks

Likes it. Consolidating for 2017-18. Now at low end of that range. It’s a laggard in the Canadian banks. Use a stop of around $72.80.

banks
Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$76.580
Owned Owned
Yes

BUY

They lead the way in terms of trading at a discount.  They have a strong footprint in Canada and have expanded internationally.  If you are a longer term investor this one is appealing over the others.  There is more volatility.

banks

They lead the way in terms of trading at a discount.  They have a strong footprint in Canada and have expanded internationally.  If you are a longer term investor this one is appealing over the others.  There is more volatility.

banks
Kash Pashootan

Sr. VP & P, First Avenue Advisor...

Price Price
$76.430
Owned Owned
Unknown

HOLD

They have been adding to their holdings of this bank.  During a recession you would expect loan losses to impact all banks, but BNS-T has been diversifying into South American assets of high quality.  

banks

They have been adding to their holdings of this bank.  During a recession you would expect loan losses to impact all banks, but BNS-T has been diversifying into South American assets of high quality.  

banks
Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$76.580
Owned Owned
Yes

HOLD

He only has TD-T and BNS-T.  What will throw BNS-T forward is the Canadian business.  Their 20% plus ROE they invest in Latin America / Caribbean.  The long term strategy is good.  In the short term, who knows.

banks

He only has TD-T and BNS-T.  What will throw BNS-T forward is the Canadian business.  Their 20% plus ROE they invest in Latin America / Caribbean.  The long term strategy is good.  In the short term, who knows.

banks
Tim Regan

Managing D, Kingwest & Company...

Price Price
$76.170
Owned Owned
Yes

TOP PICK

They've been punished more than their peers. They just acquired some top money managers and the street punished them. There'll be a write-off this quarter, but long-term these additions will benefit BNS. Pays a great dividend and should be enough growth to perform well. Well-managed. (Analysts' price target: $86.40)

banks

They've been punished more than their peers. They just acquired some top money managers and the street punished them. There'll be a write-off this quarter, but long-term these additions will benefit BNS. Pays a great dividend and should be enough growth to perform well. Well-managed. (Analysts' price target: $86.40)

banks
Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$75.990
Owned Owned
Yes

PAST TOP PICK

(Past Top Pick, June 7, 2017, Up 4%) They're exposed to South America which are tied to commodities. So if there are commodity worries, then it effects this stock. He believes in management's investments in technology and that their Latin American presence will pay off in the long run. It remains a major holding for him and he will stick with it. It's a good buy here.

banks

(Past Top Pick, June 7, 2017, Up 4%) They're exposed to South America which are tied to commodities. So if there are commodity worries, then it effects this stock. He believes in management's investments in technology and that their Latin American presence will pay off in the long run. It remains a major holding for him and he will stick with it. It's a good buy here.

banks
Michael Sprung

President, Sprung Investment Ma...

Price Price
$75.990
Owned Owned
Yes

BUY

She owns different Canadian bank stocks, including TD. If she was setting up a new client, she would buy BNS today because of its price. The stock pulled back because of it issued equity to finance some large acquisitions. For the long run, the price will recover. It is a well-run institution.

banks

She owns different Canadian bank stocks, including TD. If she was setting up a new client, she would buy BNS today because of its price. The stock pulled back because of it issued equity to finance some large acquisitions. For the long run, the price will recover. It is a well-run institution.

banks
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$75.180
Owned Owned
Yes

HOLD

He has it in a portfolio that only wants income as well as in a growth platform.  The recent area of support seems to be being held so he added to his position recently.  If it breaks below $75 he would want to end the trade.  Otherwise he feels it will return to the $80 area.

banks

He has it in a portfolio that only wants income as well as in a growth platform.  The recent area of support seems to be being held so he added to his position recently.  If it breaks below $75 he would want to end the trade.  Otherwise he feels it will return to the $80 area.

banks
Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$75.190
Owned Owned
Yes

BUY

The stock is close to its 52-week low, dragged down by 2 factors: (a) It is the most international bank and EM markets have struggled this year. A strong US dollar hurts emerging markets. (b) They have done acquisitions and issued shares in the process. He owns this stock despite its price pressure. “You don’t ever go really wrong by buying the Canadian banks.” They are an oligopoly, they have great management teams and they always tend to recover. This is a trading opportunity: good value, good volatility, but weak price momentum at this time.

banks

The stock is close to its 52-week low, dragged down by 2 factors: (a) It is the most international bank and EM markets have struggled this year. A strong US dollar hurts emerging markets. (b) They have done acquisitions and issued shares in the process. He owns this stock despite its price pressure. “You don’t ever go really wrong by buying the Canadian banks.” They are an oligopoly, they have great management teams and they always tend to recover. This is a trading opportunity: good value, good volatility, but weak price momentum at this time.

banks
Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$75.190
Owned Owned
Yes

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