Bank of Nova Scotia

BNS-T

TSE:BNS

54.46
0.25 (0.46%)
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

Analysis and Opinions about BNS-T

Signal
Opinion
Expert
HOLD
HOLD
September 25, 2020
It has been the poorest performer of the Canadian banks for some time. He believes there needs to be a management change. The yield is attractive. Banking will be a tough business going forward because of low interest rates. We shouldn't see mass default due to government aid. The dividend is safe.
Show full opinionHide full opinion
Bank of Nova Scotia (BNS-T)
September 25, 2020
It has been the poorest performer of the Canadian banks for some time. He believes there needs to be a management change. The yield is attractive. Banking will be a tough business going forward because of low interest rates. We shouldn't see mass default due to government aid. The dividend is safe.
DON'T BUY
DON'T BUY
September 1, 2020

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.

Show full opinionHide full opinion
Bank of Nova Scotia (BNS-T)
September 1, 2020

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.

HOLD
HOLD
August 21, 2020
They own it in their client portfolio. They have streamlined operations in their international offerings. In doing so, their earnings were a little choppy which caused the underperformance. Going forward it should see earnings growth. They are well positioned and the dividend is safe.
Show full opinionHide full opinion
They own it in their client portfolio. They have streamlined operations in their international offerings. In doing so, their earnings were a little choppy which caused the underperformance. Going forward it should see earnings growth. They are well positioned and the dividend is safe.
HOLD
HOLD
August 13, 2020
With a 10-year time horizon, any of the banks are good investments. Low multiples, good dividends. Loan losses will be higher for a couple of quarters for sure. Dividends aren't being cut. You should have some banks in your portfolio. He owns it.
Show full opinionHide full opinion
With a 10-year time horizon, any of the banks are good investments. Low multiples, good dividends. Loan losses will be higher for a couple of quarters for sure. Dividends aren't being cut. You should have some banks in your portfolio. He owns it.
BUY WEAKNESS
BUY WEAKNESS
July 29, 2020

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
July 21, 2020
Trades near 10x PE. But BNS suffers because they have assets in emerging markets, namely South America, where economies will struggle for the next while. That said, BNS understands international banking like no other Canadian bank. Expect volatility in BNS and Canadian banks in general will take on more loan losses. In terms of tech, BNS is catching up to its peers now.
Show full opinionHide full opinion
Trades near 10x PE. But BNS suffers because they have assets in emerging markets, namely South America, where economies will struggle for the next while. That said, BNS understands international banking like no other Canadian bank. Expect volatility in BNS and Canadian banks in general will take on more loan losses. In terms of tech, BNS is catching up to its peers now.
BUY
BUY
July 14, 2020

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.

Show full opinionHide full opinion

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.

BUY
BUY
July 8, 2020

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.

Show full opinionHide full opinion

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.

PAST TOP PICK
PAST TOP PICK
July 8, 2020
(A Top Pick Jul 25/19, Down 18%) The asset quality is there and quality is strong. Over time this will produce good income. Loan loss provisions have gone up and he thinks BNS will weather the storm. Don't sell this now. A good time to buy. You get paid to wait for the economy to improve with the strong dividend.
Show full opinionHide full opinion
(A Top Pick Jul 25/19, Down 18%) The asset quality is there and quality is strong. Over time this will produce good income. Loan loss provisions have gone up and he thinks BNS will weather the storm. Don't sell this now. A good time to buy. You get paid to wait for the economy to improve with the strong dividend.
BUY WEAKNESS
BUY WEAKNESS
June 12, 2020
7.2% yield? He is not sure there is ever a period that Canadian banks are not a good investment over a 10 year period. The dividends have never been cut by the big chartered banks. You could buy on weakness and the dividends will be quite safe. NOTE: He works for Scotiabank, but the comments are general for all the Canadian chartered banks.
Show full opinionHide full opinion
7.2% yield? He is not sure there is ever a period that Canadian banks are not a good investment over a 10 year period. The dividends have never been cut by the big chartered banks. You could buy on weakness and the dividends will be quite safe. NOTE: He works for Scotiabank, but the comments are general for all the Canadian chartered banks.
BUY
BUY
June 11, 2020
It is a core part of his portfolio along with two other banks. It will be feeling the recession this year. There will be a huge uptick in provisions for loan losses. But this one is reasonably reserved for any credit losses. They have a sizable provision. They have lots of capital and the shares are attractively priced. The dividends are attractive. There is a paid-to-wait prospect. It is a good entry point.
Show full opinionHide full opinion
It is a core part of his portfolio along with two other banks. It will be feeling the recession this year. There will be a huge uptick in provisions for loan losses. But this one is reasonably reserved for any credit losses. They have a sizable provision. They have lots of capital and the shares are attractively priced. The dividends are attractive. There is a paid-to-wait prospect. It is a good entry point.
PAST TOP PICK
PAST TOP PICK
June 2, 2020
(A Top Pick Jun 26/19, Down 15%) None of the top 5 Canadian banks has ever cut dividends. These banks are in great shape and can weather this storm. Half of BNS' loans are insured. Bank amendments benefit the banks and not non-bank lenders.
Show full opinionHide full opinion
(A Top Pick Jun 26/19, Down 15%) None of the top 5 Canadian banks has ever cut dividends. These banks are in great shape and can weather this storm. Half of BNS' loans are insured. Bank amendments benefit the banks and not non-bank lenders.
PAST TOP PICK
PAST TOP PICK
May 1, 2020
(A Top Pick May 08/19, Down 21%) He continues to own this. He thinks the banks will definitely not cut dividends. They are being offered financial relief by the regulators. They are accommodating customers to reduce the delinquency of mortgages. They will get through this. He likes BNS in particular because of their Latin and South American footprint, where their is faster growth rates in the developing markets. He would be a buyer today. Yield 5%
Show full opinionHide full opinion
(A Top Pick May 08/19, Down 21%) He continues to own this. He thinks the banks will definitely not cut dividends. They are being offered financial relief by the regulators. They are accommodating customers to reduce the delinquency of mortgages. They will get through this. He likes BNS in particular because of their Latin and South American footprint, where their is faster growth rates in the developing markets. He would be a buyer today. Yield 5%
PAST TOP PICK
PAST TOP PICK
April 29, 2020
(A Top Pick Jul 25/19, Down 16%) He would still own this one. They have been streamlining operations and expanded into growing retail markets outside North America, which has slowed their profitability temporarily. He still thinks longer term the valuations will become attractive and lead to share price appreciation.
Show full opinionHide full opinion
(A Top Pick Jul 25/19, Down 16%) He would still own this one. They have been streamlining operations and expanded into growing retail markets outside North America, which has slowed their profitability temporarily. He still thinks longer term the valuations will become attractive and lead to share price appreciation.
PAST TOP PICK
PAST TOP PICK
March 16, 2020
(A Top Pick Feb 11/19, Down 26%) This can still fall further, though it has a lot. Now, it's very cheap and pays a fine yield. It's fairly safe to buy it. The banks are close to the bottom.
Show full opinionHide full opinion
(A Top Pick Feb 11/19, Down 26%) This can still fall further, though it has a lot. Now, it's very cheap and pays a fine yield. It's fairly safe to buy it. The banks are close to the bottom.
Showing 1 to 15 of 1,433 entries

Bank of Nova Scotia(BNS-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 32

Neutral - Hold Signals / Votes : 6

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 42

Stockchase rating for Bank of Nova Scotia is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bank of Nova Scotia(BNS-T) Frequently Asked Questions

What is Bank of Nova Scotia stock symbol?

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

Is Bank of Nova Scotia a buy or a sell?

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.

Is Bank of Nova Scotia a good investment or a top pick?

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.

Why is Bank of Nova Scotia stock dropping?

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.

Is Bank of Nova Scotia worth watching?

42 stock analysts on Stockchase covered Bank of Nova Scotia In the last year. It is a trending stock that is worth watching.

What is Bank of Nova Scotia stock price?

On 2020-09-25, Bank of Nova Scotia (BNS-T) stock closed at a price of $54.46.