Bank of Nova Scotia

BNS-T

TSE:BNS

58.24
0.40 (0.69%)
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
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.
BUY
BUY
November 26, 2019
Results were in line with analyst estimates. Overall, banks have lagged here and represent good value here. Relative to US banks, they are trading at a good discount. Canadian housing market collapse concerns have been unfounded. Their move out of Caribbean markets was positive.
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Bank of Nova Scotia (BNS-T)
November 26, 2019
Results were in line with analyst estimates. Overall, banks have lagged here and represent good value here. Relative to US banks, they are trading at a good discount. Canadian housing market collapse concerns have been unfounded. Their move out of Caribbean markets was positive.
TOP PICK
TOP PICK
November 19, 2019
Any big Canadian bank is fine. It's consolidated a lot. It's underperformed its peers, but now it's ready to break out and will make up lost ground. For once, he doesn't need to chase it. (Analysts’ price target is $78.13)
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Bank of Nova Scotia (BNS-T)
November 19, 2019
Any big Canadian bank is fine. It's consolidated a lot. It's underperformed its peers, but now it's ready to break out and will make up lost ground. For once, he doesn't need to chase it. (Analysts’ price target is $78.13)
PAST TOP PICK
PAST TOP PICK
November 15, 2019
(A Top Pick Nov 30/18, Up 10%) Still likes it. He thinks people misjudged the company simply because it’s not a pure Canadian play. More a play on central and South American play. It has one of the highest dividends for a bank.
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Bank of Nova Scotia (BNS-T)
November 15, 2019
(A Top Pick Nov 30/18, Up 10%) Still likes it. He thinks people misjudged the company simply because it’s not a pure Canadian play. More a play on central and South American play. It has one of the highest dividends for a bank.
BUY
BUY
November 13, 2019
Your Canadian bank holdings and weighting? He owns TD and BNS (and RY), slightly overweight the TSX, because they are good income stocks and offer good stock through a diversity of businesses and earnings, regardless of the economic cycle. Only fools short the banks.
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Bank of Nova Scotia (BNS-T)
November 13, 2019
Your Canadian bank holdings and weighting? He owns TD and BNS (and RY), slightly overweight the TSX, because they are good income stocks and offer good stock through a diversity of businesses and earnings, regardless of the economic cycle. Only fools short the banks.
HOLD
HOLD
November 8, 2019
He owns BNS and has for a while. It is the least Canadian of the big 6 banks in Canada -- holding the least amount of assets in Canada. They have large holdings in Latin America and elsewhere. He holds US banks for exposure there.
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He owns BNS and has for a while. It is the least Canadian of the big 6 banks in Canada -- holding the least amount of assets in Canada. They have large holdings in Latin America and elsewhere. He holds US banks for exposure there.
COMMENT
COMMENT
November 1, 2019
If not banks, maybe utilities? He would continue to hold Bank stocks. Utilities could suffer if we continue to have a "normal" market and interest rates begin to rise. He does not have a holding in Canadian banks, they hold US banks, insurance or mortgage companies. Yield 4.8%
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If not banks, maybe utilities? He would continue to hold Bank stocks. Utilities could suffer if we continue to have a "normal" market and interest rates begin to rise. He does not have a holding in Canadian banks, they hold US banks, insurance or mortgage companies. Yield 4.8%
BUY
BUY
October 30, 2019
It has lagged due to issues with its foreign assets. He likes the Canadian banks in general. He would rank it 2nd or 3rd in terms of the Canadian big banks.
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It has lagged due to issues with its foreign assets. He likes the Canadian banks in general. He would rank it 2nd or 3rd in terms of the Canadian big banks.
TOP PICK
TOP PICK
October 29, 2019
They've been absorbing some acquisitions, including a wealth management one that's 50/50 Canadian/international. The latter will counter the soft global growth; looks pretty good. It went down last year, but will return to the low-80s. (Analysts’ price target is $77.13)
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They've been absorbing some acquisitions, including a wealth management one that's 50/50 Canadian/international. The latter will counter the soft global growth; looks pretty good. It went down last year, but will return to the low-80s. (Analysts’ price target is $77.13)
DON'T BUY
DON'T BUY
October 23, 2019
He would not take a play in any of the major banks unless you are there for dividends for a very long term. When a recession hits, like in 2008, the banks will get punished again. You might look to European banks.
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He would not take a play in any of the major banks unless you are there for dividends for a very long term. When a recession hits, like in 2008, the banks will get punished again. You might look to European banks.
TOP PICK
TOP PICK
October 22, 2019
Pays a 4.7% yield. They're expanding into wealth management well with acquisitions last year and enjoy improving international earnings momentum due to Chile. They're investing to improve their IT operations. Sells at a compelling valuation. (Analysts’ price target is $77.13)
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Pays a 4.7% yield. They're expanding into wealth management well with acquisitions last year and enjoy improving international earnings momentum due to Chile. They're investing to improve their IT operations. Sells at a compelling valuation. (Analysts’ price target is $77.13)
TOP PICK
TOP PICK
October 17, 2019
It is his first Canadian bank recommendation. It has a loan to value on their uninsured mortgages in the low 60s. They can withstand a lot of pain. Their mortgage book is mostly residential housing vs. condos. You get almost a 5% dividend yield that will probably rise over the next 10 years. They will probably get a reasonable return even if interest rates never go up. (Analysts’ price target is $77.13)
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It is his first Canadian bank recommendation. It has a loan to value on their uninsured mortgages in the low 60s. They can withstand a lot of pain. Their mortgage book is mostly residential housing vs. condos. You get almost a 5% dividend yield that will probably rise over the next 10 years. They will probably get a reasonable return even if interest rates never go up. (Analysts’ price target is $77.13)
TOP PICK
TOP PICK
October 10, 2019
Most globally ambitious. Number of acquisitions, which appear to be going well. Trading at a 10% discount to its historic valuation, 10x earnings. Consistent outperformance of the TSX. Yield is 4.81%. (Analysts’ price target is $77.13)
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Most globally ambitious. Number of acquisitions, which appear to be going well. Trading at a 10% discount to its historic valuation, 10x earnings. Consistent outperformance of the TSX. Yield is 4.81%. (Analysts’ price target is $77.13)
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