They're doing a better job as a Canadian retail bank, but there are some problems with their Latin American operations. This is getting interesting with its valuation and potential growth. However, low interest rates are a damper. He'd rank this behind TD, his top Canadian bank. He owns no Canadian banks now.
They're doing a better job as a Canadian retail bank, but there are some problems with their Latin American operations. This is getting interesting with its valuation and potential growth. However, low interest rates are a damper. He'd rank this behind TD, his top Canadian bank. He owns no Canadian banks now.
Among the Canadian banks, it's the riskiest, given its move into Latin America, but this could also be opportunity. It's the cheapest Canadian bank. It could struggle in the first half of 2020 given slow global growth, but should do better in the latter half. He kind of likes it here. But he'd buy this along with RY and BMO to get more geographic diversification. He wouldn't buy only BNS.
Among the Canadian banks, it's the riskiest, given its move into Latin America, but this could also be opportunity. It's the cheapest Canadian bank. It could struggle in the first half of 2020 given slow global growth, but should do better in the latter half. He kind of likes it here. But he'd buy this along with RY and BMO to get more geographic diversification. He wouldn't buy only BNS.
Canadian Banks? He is very pessimistic on Canada in general. We are the whipping horse of the world right now. He is not a fan of this sector. News of high loan loss provisions is making him nervous and he sees global shorting going on. He favours US banks instead. If he were to look at one Canadian bank, it might be BNS. A yield over 5% and share price upside to $85.36.
Canadian Banks? He is very pessimistic on Canada in general. We are the whipping horse of the world right now. He is not a fan of this sector. News of high loan loss provisions is making him nervous and he sees global shorting going on. He favours US banks instead. If he were to look at one Canadian bank, it might be BNS. A yield over 5% and share price upside to $85.36.
CDN Bank shares or ETF? As a porfolio manager, he prefers to use his expertise to pick individual stocks. An ETF gives you the group and no ability to outperform. Canadian banks are favorable over US counterparts he thinks, including the higher yield. He likes BNS and RY. He does not hold much in TD at the moment. He holds about 20% of his portfolio in banks.
CDN Bank shares or ETF? As a porfolio manager, he prefers to use his expertise to pick individual stocks. An ETF gives you the group and no ability to outperform. Canadian banks are favorable over US counterparts he thinks, including the higher yield. He likes BNS and RY. He does not hold much in TD at the moment. He holds about 20% of his portfolio in banks.
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 35
Neutral - Hold Signals / Votes : 7
Bearish - Sell Signals / Votes : 11
Total Signals / Votes : 53
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. 35 analysts recommended to BUY the stock. 11 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for Bank of Nova Scotia.
Bank of Nova Scotia was recommended as a Top Pick by Ross Healy on 2020-03-16. 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 2020-04-06, Bank of Nova Scotia (BNS-T) stock closed at a price of $55.29.
