Bank of Nova Scotia

BNS-T

TSE:BNS

55.29
0.70 (1.28%)
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
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.
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(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.
BUY
BUY
March 12, 2020
Dividend is safe. If they didn't cut in 2008, they won't cut now. People are worried that with the price of oil so low, we'll go into recession, rates will go down, and the Canadian consumer is more highly leveraged than the US consumer. But over the long term, the banks have compounded for the investor very well.
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Dividend is safe. If they didn't cut in 2008, they won't cut now. People are worried that with the price of oil so low, we'll go into recession, rates will go down, and the Canadian consumer is more highly leveraged than the US consumer. But over the long term, the banks have compounded for the investor very well.
TOP PICK
TOP PICK
February 26, 2020
An income pick. BNS is well-run, though earnings have been sloppy in recent quarters as they integrate acquisitions. He sees earnings growth. It trades cheaply at 10x earnings at a 5% dividend. You can own both US and Canadian banks which face different tailwinds. (Analysts’ price target is $77.67)
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Bank of Nova Scotia (BNS-T)
February 26, 2020
An income pick. BNS is well-run, though earnings have been sloppy in recent quarters as they integrate acquisitions. He sees earnings growth. It trades cheaply at 10x earnings at a 5% dividend. You can own both US and Canadian banks which face different tailwinds. (Analysts’ price target is $77.67)
PAST TOP PICK
PAST TOP PICK
February 20, 2020
(A Top Pick Mar 13/19, Up 8%) Thought it would be out of the doghouse by now. Problems in Chile and Canadian consumer have caused it to struggle. Still happy to own it.
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Bank of Nova Scotia (BNS-T)
February 20, 2020
(A Top Pick Mar 13/19, Up 8%) Thought it would be out of the doghouse by now. Problems in Chile and Canadian consumer have caused it to struggle. Still happy to own it.
BUY WEAKNESS
BUY WEAKNESS
February 18, 2020

Ranks after TD and Royal as a bank. They're in some emerging markets that make him cautious.

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Bank of Nova Scotia (BNS-T)
February 18, 2020

Ranks after TD and Royal as a bank. They're in some emerging markets that make him cautious.

COMMENT
COMMENT
February 10, 2020

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.

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Bank of Nova Scotia (BNS-T)
February 10, 2020

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.

TOP PICK
TOP PICK
February 6, 2020
He likes the banks generally because they are really cheap and this is the cheapest of the banks that is on good technical support. He cycles out of the high ones and gets into the low ones. (Analysts’ price target is $77.07)
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He likes the banks generally because they are really cheap and this is the cheapest of the banks that is on good technical support. He cycles out of the high ones and gets into the low ones. (Analysts’ price target is $77.07)
PARTIAL BUY
PARTIAL BUY
January 28, 2020

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.

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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.

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.
Showing 1 to 15 of 1,419 entries

Bank of Nova Scotia(BNS-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 35

Neutral - Hold Signals / Votes : 7

Bearish - Sell Signals / Votes : 11

Total Signals / Votes : 53

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, 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.

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

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.

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?

53 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 2020-04-06, Bank of Nova Scotia (BNS-T) stock closed at a price of $55.29.