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Canadian banks, utilities rally, U.S. tech fadesTrump tariffs sink marketsMarkets mixed today TuesdayThis summary was created by AI, based on 49 opinions in the last 12 months.
The Bank of Nova Scotia (BNS) has been under scrutiny with mixed reviews from various experts. Many analysts highlight the bank's appealing dividend yield, currently around 6%, which has been a substantial attraction for investors despite its historical underperformance compared to peers. The new CEO is taking steps to refocus the bank's operations, particularly aiming at improving domestic strategies while offloading underperforming business units, especially in Latin America. However, uncertainty surrounding credit cycles and recent strategic moves, including a non-controlling stake in KeyCorp, raises questions about the bank's immediate outlook. Overall, while some see potential for recovery and decent long-term returns, others remain cautious about its growth trajectory and market positioning.
He sold ~40-50% of his position at $79-80. Now that it's dropped below $70, considering buying it back. Appealing dividend yield. Not sure correction is over yet because of credit cycle. May try to buy cheaper, but it's a reasonable entry point if you have a very long horizon.
Savvy new CEO's doing quite a decent job. Managing balance sheet well, but he's unsure about 15% acquisition of KeyCorp in US.
Worst-performing Canadian bank over the last decade, and that's one of the reasons he likes it. New CEO has freedom to exit under-performing businesses, especially in Latin America. Proceeds are being reinvested in NA. Earnings poised to rise significantly next year as capital gets properly allocated.
Not expecting outperformance. But yield is 6.11%, and with improvement in growth and other metrics should deliver at least a 10% annualized return for the next 5 years.
Share have gone done, but actually rose in the second half of 2024. The new CEO is unknown, so he's TBD with the market. But so far, there's better performance in key metrics. It takes time to turn around a large company, like 2, 4 or even 10 years. But there's little competition among Canadian banks and you collect a nice dividend as you wait. He's happy to stay the course.
BNS is certainly a bank that investors like to hate on, and for generally good reason these past few years. After skipping in 2024, we would be quite surprised if it did not raise its dividend this year. Sentiment is low here, and the bank needs to get its act together. Investors would appreciate low, but consistent, dividend increases. It is cheap at 10X earnings with a high yield of 5.72% that is likely quite secure. We can see it as an accumulate.
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No. He'd stick with CNR. CNR is part of a true duopoly in Canada. Its infrastructure is extremely difficult to replicate. If there's a resurgence in transportation, this name will do well. Can outperform the overall market over the long term. It won't be a tremendous investment, but it will do better than BNS over the next 3-5 years.
Banks have had a good run, so best to be a bit cautious now.
Sold, and shifted into other names. Some analysts have really warmed to it lately. Domestic presence has increased dramatically and strongly. Wants to see all the bank earnings, feels expectations are too high given what they can deliver on growth in the short term. Valuations are at higher end for all.
Paid a lot of $$ for its recent acquisition, and he wants to watch that play out. Canadian banks have a chequered history with US expansion, and he's not sure BNS will break that trend.
Bank of Nova Scotia is a Canadian stock, trading under the symbol BNS-T on the Toronto Stock Exchange (BNS-CT). It is usually referred to as TSX:BNS or BNS-T
In the last year, 53 stock analysts published opinions about BNS-T. 22 analysts recommended to BUY the stock. 9 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Bank of Nova Scotia.
Bank of Nova Scotia was recommended as a Top Pick by on . Read the latest stock experts ratings for Bank of Nova Scotia.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
53 stock analysts on Stockchase covered Bank of Nova Scotia In the last year. It is a trending stock that is worth watching.
On 2025-04-01, Bank of Nova Scotia (BNS-T) stock closed at a price of $67.09.
The question was on dollar cost averaging for BNS. It is a bank in transition and has had a lot of trouble in recent years. Pays a good dividend of 6%. In general Canadian banks always come back and can be traded.