Bank of Nova Scotia

BNS-T

TSE:BNS

72.63
0.00 (0.00%)
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.
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Analysis and Opinions about BNS-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
January 21, 2020
(A Top Pick Nov 19/19, Down 4%) Long-term, banks are fine. Not a trade, but a hold. Now could be a buying opportunity.
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(A Top Pick Nov 19/19, Down 4%) Long-term, banks are fine. Not a trade, but a hold. Now could be a buying opportunity.
COMMENT
COMMENT
January 10, 2020

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.

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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.

PAST TOP PICK
PAST TOP PICK
January 9, 2020
(A Top Pick Jan 09/19, Up 8%) Not exactly a barn burner of a return, but nothing to sneeze at either. Still buying it with fresh dollars today. Structural alliance to Pacific Alliance developing countries, which are under-banked. Trades at a discount to the others. Catalysts include excess capital, selling off some small assets, and integrating recently acquired fund management company.
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(A Top Pick Jan 09/19, Up 8%) Not exactly a barn burner of a return, but nothing to sneeze at either. Still buying it with fresh dollars today. Structural alliance to Pacific Alliance developing countries, which are under-banked. Trades at a discount to the others. Catalysts include excess capital, selling off some small assets, and integrating recently acquired fund management company.
PAST TOP PICK
PAST TOP PICK
January 8, 2020
(A Top Pick Jan 15/19, Up 6%) Most of the return was from the dividend. He thinks the Canadian banks are better valued than US counterparts. Provisions for loans losses and software development write downs resulted in a $175 million earnings report recently. He would make this one of his most favoured Canadian banks -- trading at 1.4 times book and a near 5% yield. It has the most potential for capital appreciation going forward.
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(A Top Pick Jan 15/19, Up 6%) Most of the return was from the dividend. He thinks the Canadian banks are better valued than US counterparts. Provisions for loans losses and software development write downs resulted in a $175 million earnings report recently. He would make this one of his most favoured Canadian banks -- trading at 1.4 times book and a near 5% yield. It has the most potential for capital appreciation going forward.
COMMENT
COMMENT
January 8, 2020

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.

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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.

DON'T BUY
DON'T BUY
January 7, 2020
Banks did poorly in the second half of 2019. BNS has had a long downturn for two years, the enjoyed a pop on August earnings, then has since retreated down. Canadian banks do well Jan. 24- April 15. But wait till BNS itself picks up before entering, in addition to its seasonality. Need to see some momentum.
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Banks did poorly in the second half of 2019. BNS has had a long downturn for two years, the enjoyed a pop on August earnings, then has since retreated down. Canadian banks do well Jan. 24- April 15. But wait till BNS itself picks up before entering, in addition to its seasonality. Need to see some momentum.
HOLD
HOLD
January 3, 2020
He owns this one. It is about 50% international -- almost all outside of the US. This makes it different from all other banks. The outlook is looking good. They have bought some wealth management assets in Canada. Q4 earnings were in the middle of the pack. He thinks the dividend will grow. He would continue to hold.
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He owns this one. It is about 50% international -- almost all outside of the US. This makes it different from all other banks. The outlook is looking good. They have bought some wealth management assets in Canada. Q4 earnings were in the middle of the pack. He thinks the dividend will grow. He would continue to hold.
HOLD
HOLD
December 23, 2019
If you are holding it for a nice income stream he would stick with it. He only holds NA-T and a little bit of TD-T. Insurance companies are a better place to invest, however.
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Bank of Nova Scotia (BNS-T)
December 23, 2019
If you are holding it for a nice income stream he would stick with it. He only holds NA-T and a little bit of TD-T. Insurance companies are a better place to invest, however.
COMMENT
COMMENT
December 18, 2019

BNS or TD? He prefers BNS over TD. TD is more of a play on the US and he wants a bank with the least exposure in Canada.

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Bank of Nova Scotia (BNS-T)
December 18, 2019

BNS or TD? He prefers BNS over TD. TD is more of a play on the US and he wants a bank with the least exposure in Canada.

COMMENT
COMMENT
December 17, 2019
Outlook for Canadian banks is solid, given fine expense control. BNS has made changes in their international operations, so it will be noisy in quarters to come, but good for the long term. BNS pays a fine dividend, but doesn't see many capital gains in any bank.
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Bank of Nova Scotia (BNS-T)
December 17, 2019
Outlook for Canadian banks is solid, given fine expense control. BNS has made changes in their international operations, so it will be noisy in quarters to come, but good for the long term. BNS pays a fine dividend, but doesn't see many capital gains in any bank.
BUY
BUY
December 13, 2019
Growing loss provisions? There has been an increase in credit loss provisions and this has been a trend among all the Canadian banks. This is part of normalizing and increased regulations. Previously banks did not need provisions until they thought the loan was coming due. She has been buying into this bank. They are refocusing on core areas and into to wealth management assets. It is trading at a good valuation the dividend is growing.
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Bank of Nova Scotia (BNS-T)
December 13, 2019
Growing loss provisions? There has been an increase in credit loss provisions and this has been a trend among all the Canadian banks. This is part of normalizing and increased regulations. Previously banks did not need provisions until they thought the loan was coming due. She has been buying into this bank. They are refocusing on core areas and into to wealth management assets. It is trading at a good valuation the dividend is growing.
DON'T BUY
DON'T BUY
December 6, 2019
If we see a Santa Clause rally in the market, most stocks will go up. Relative to the market, banks might see further erosion. He wouldn’t buy the bank just to play the rally. Still lots of changes in S. America. He would wait until January to see how it goes. We’re finishing off the seasonality of banks.
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If we see a Santa Clause rally in the market, most stocks will go up. Relative to the market, banks might see further erosion. He wouldn’t buy the bank just to play the rally. Still lots of changes in S. America. He would wait until January to see how it goes. We’re finishing off the seasonality of banks.
COMMENT
COMMENT
December 4, 2019
Seasonal now? Typically bank stocks drift higher entering earnings season, so this is normal. Even though BNS match estimates, it sold off. Normal. That said, bank stocks can still do well, though he advises rotating from Canadian to American banks which enjoy more runway. $71 is support, which previously was the resistance level. BNS is holding up well with income growth.
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Seasonal now? Typically bank stocks drift higher entering earnings season, so this is normal. Even though BNS match estimates, it sold off. Normal. That said, bank stocks can still do well, though he advises rotating from Canadian to American banks which enjoy more runway. $71 is support, which previously was the resistance level. BNS is holding up well with income growth.
BUY
BUY
December 3, 2019

BNS vs. BMO He prefers BNS, though their last report disappointed. Their credit did hold up well; capital positions are strong. BMO just reported this morning. BNS pays a slightly higher yield. PB is identical. BNS will enjoy a better upside given its Latin American operations, whereas BMO is focussed on North America. Both are buys.

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BNS vs. BMO He prefers BNS, though their last report disappointed. Their credit did hold up well; capital positions are strong. BMO just reported this morning. BNS pays a slightly higher yield. PB is identical. BNS will enjoy a better upside given its Latin American operations, whereas BMO is focussed on North America. Both are buys.

BUY
BUY
November 29, 2019
This has been the toughest bank to own given their exposure in Chile and other locations in South America. He still owns a little for the international returns. Investors are likely putting a higher discount on them, because of the higher risk factors. You should still be able to see high single-digit returns this upcoming year. He would always hold a basket of the Canadian banks. You could pick up some at these levels.
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Bank of Nova Scotia (BNS-T)
November 29, 2019
This has been the toughest bank to own given their exposure in Chile and other locations in South America. He still owns a little for the international returns. Investors are likely putting a higher discount on them, because of the higher risk factors. You should still be able to see high single-digit returns this upcoming year. He would always hold a basket of the Canadian banks. You could pick up some at these levels.
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