BNS-T
He prefers CIBC or RY (capital markets are driving stronger revenue), and he isn't looking at BNS. He has little exposure to financial services. However, banks are showing improving technical signals, like attractive valuations and starting to approach previous highs. BNS has exposure to Latin America, which is another headwind.
He prefers CIBC or RY (capital markets are driving stronger revenue), and he isn't looking at BNS. He has little exposure to financial services. However, banks are showing improving technical signals, like attractive valuations and starting to approach previous highs. BNS has exposure to Latin America, which is another headwind.
They have less diversification compared to TD Bank, but he is not too worried on credit losses. Their dividend is sustainable and the capital ratio is alright. He would be accumulating around these levels.
They have less diversification compared to TD Bank, but he is not too worried on credit losses. Their dividend is sustainable and the capital ratio is alright. He would be accumulating around these levels.
He likes the Canadian banks long term. They pay consistent dividends and enjoy an oligopoly, which has created great returns over time. Loan losses will be ugly for the next quarters. He ranks TD first, then BNS. BNS has more exposure in oil and gas, but that's already priced in. Their Latin American operations will work out in time. He's not worried about a housing crash in Canada. Very low rates will remain a tailwind; when rates rise, he will be cautious.
He likes the Canadian banks long term. They pay consistent dividends and enjoy an oligopoly, which has created great returns over time. Loan losses will be ugly for the next quarters. He ranks TD first, then BNS. BNS has more exposure in oil and gas, but that's already priced in. Their Latin American operations will work out in time. He's not worried about a housing crash in Canada. Very low rates will remain a tailwind; when rates rise, he will be cautious.
Canadian bank for dividends? For a 10-15 year time horizon, the Canadian banks are a pocket of value. They are trading less than 10 times forward earnings, which already include loan loss provisions. They have high asset qualities. Buying here is a winning formula for the long term. The dividend will pay you to wait for the market to return to normal post-pandemic. TD, RY and BNS happen to be the ones he favors for his clients. They have exposure to international markets. BNS has the best valuation and the dividend yield is better than its peers.
Canadian bank for dividends? For a 10-15 year time horizon, the Canadian banks are a pocket of value. They are trading less than 10 times forward earnings, which already include loan loss provisions. They have high asset qualities. Buying here is a winning formula for the long term. The dividend will pay you to wait for the market to return to normal post-pandemic. TD, RY and BNS happen to be the ones he favors for his clients. They have exposure to international markets. BNS has the best valuation and the dividend yield is better than its peers.
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 32
Neutral - Hold Signals / Votes : 6
Bearish - Sell Signals / Votes : 4
Total Signals / Votes : 42
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, 42 stock analysts published opinions about BNS-T. 32 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is HOLD. Read the latest stock experts' ratings for Bank of Nova Scotia.
Bank of Nova Scotia was recommended as a Top Pick by Ryan Bushell on 2020-09-25. 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.
42 stock analysts on Stockchase covered Bank of Nova Scotia In the last year. It is a trending stock that is worth watching.
On 2020-09-25, Bank of Nova Scotia (BNS-T) stock closed at a price of $54.46.
