Bank of Nova Scotia

BNS-T

TSE:BNS

57.68
0.50 (0.86%)
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
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)
PAST TOP PICK
PAST TOP PICK
October 4, 2019
(A Top Pick Oct 05/18, Up 4%) It's come back quite nicely. All the banks have been back and forth. He likes BNS since it operates in higher growth areas. Their growth rates are 4-6%. Glad they are moving out of some Caribbean countries that were more trouble than good.
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(A Top Pick Oct 05/18, Up 4%) It's come back quite nicely. All the banks have been back and forth. He likes BNS since it operates in higher growth areas. Their growth rates are 4-6%. Glad they are moving out of some Caribbean countries that were more trouble than good.
BUY
BUY
September 23, 2019

Move to TD-T? All of our big banks are strong long term investments. He prefers TD-T based on margin. BNS-T gives you low risk exposure to emerging markets. He would not sell one to buy the other. It's not worth the tax hit.

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Bank of Nova Scotia (BNS-T)
September 23, 2019

Move to TD-T? All of our big banks are strong long term investments. He prefers TD-T based on margin. BNS-T gives you low risk exposure to emerging markets. He would not sell one to buy the other. It's not worth the tax hit.

PAST TOP PICK
PAST TOP PICK
September 20, 2019
(A Top Pick Oct 30/18, Up 11%) It is starting move upward now. It is 50% international in its business. They are getting out of Chile and Thailand. They have recently added some Canadian assets that the market did not like. Their last quarterly report was very positive and the market is starting to adjust. He will continue to hold it.
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Bank of Nova Scotia (BNS-T)
September 20, 2019
(A Top Pick Oct 30/18, Up 11%) It is starting move upward now. It is 50% international in its business. They are getting out of Chile and Thailand. They have recently added some Canadian assets that the market did not like. Their last quarterly report was very positive and the market is starting to adjust. He will continue to hold it.
BUY
BUY
September 19, 2019
It's been the worst performer of the group until recently and Latin America is the big bet. It should grow at the slightly higher rate than Canada. He likes it at these levels.
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Bank of Nova Scotia (BNS-T)
September 19, 2019
It's been the worst performer of the group until recently and Latin America is the big bet. It should grow at the slightly higher rate than Canada. He likes it at these levels.
PAST TOP PICK
PAST TOP PICK
September 17, 2019
(A Top Pick Jul 25/19, Up 6%) Good for income investors. Though weaker than its peers, BNS at 10x earnings is still a good stock worth buying.
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Bank of Nova Scotia (BNS-T)
September 17, 2019
(A Top Pick Jul 25/19, Up 6%) Good for income investors. Though weaker than its peers, BNS at 10x earnings is still a good stock worth buying.
PAST TOP PICK
PAST TOP PICK
September 9, 2019
(A Top Pick Aug 22/18, Down 3%) He continues to own and recommend it. We have seen some of the banks pull back in the last little while. It is trading between 1.3 and 1.4 times book. Their south American exposure slowed them down a bit. They are a well capitalized bank. He would continue to recommend it.
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Bank of Nova Scotia (BNS-T)
September 9, 2019
(A Top Pick Aug 22/18, Down 3%) He continues to own and recommend it. We have seen some of the banks pull back in the last little while. It is trading between 1.3 and 1.4 times book. Their south American exposure slowed them down a bit. They are a well capitalized bank. He would continue to recommend it.
BUY
BUY
September 4, 2019
She likes the Canadian banks and that the economy is slowing. Today's bank valuations are reflecting that. BNS-T is selling off some non-core assets. It now trades at a discount to the other Canadian banks and feels it is the time to buy this one.
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Bank of Nova Scotia (BNS-T)
September 4, 2019
She likes the Canadian banks and that the economy is slowing. Today's bank valuations are reflecting that. BNS-T is selling off some non-core assets. It now trades at a discount to the other Canadian banks and feels it is the time to buy this one.
PAST TOP PICK
PAST TOP PICK
September 4, 2019
(A Top Pick Sep 13/18, Down 1%) They're now focussing on Latin America (i.e. Chile, Peru), a good strategy. The whole sector has been flat this year, but Canadian banks enjoy an oligopoly, and consistently pay a 4-6% yield by paying half their earnings.
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Bank of Nova Scotia (BNS-T)
September 4, 2019
(A Top Pick Sep 13/18, Down 1%) They're now focussing on Latin America (i.e. Chile, Peru), a good strategy. The whole sector has been flat this year, but Canadian banks enjoy an oligopoly, and consistently pay a 4-6% yield by paying half their earnings.
HOLD
HOLD
August 27, 2019
A definite hold. They reported earnings and it was good news -- including an increase in the dividend. It trades at 10 times next year's earnings. Now is not the time to sell. He is not as worried about the potential sell off in the Canadian banking sector due to increased credit exposures -- he believes this is already factored into the current share prices. The Canadian housing sector is far less vulnerable than the US banking sector.
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A definite hold. They reported earnings and it was good news -- including an increase in the dividend. It trades at 10 times next year's earnings. Now is not the time to sell. He is not as worried about the potential sell off in the Canadian banking sector due to increased credit exposures -- he believes this is already factored into the current share prices. The Canadian housing sector is far less vulnerable than the US banking sector.
COMMENT
COMMENT
August 27, 2019

Today they announced they increased their dividend by 3 cents per quarter, paying a 5.25% yield which is high for a bank. Share buybacks are a better use of their cash, though. Nothing wrong with sitting on a bank stock and collecting the yield. BNS had a good quarter, but today's earning report was a low-quality beat. He prefers TD Bank for its US exposure.

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Today they announced they increased their dividend by 3 cents per quarter, paying a 5.25% yield which is high for a bank. Share buybacks are a better use of their cash, though. Nothing wrong with sitting on a bank stock and collecting the yield. BNS had a good quarter, but today's earning report was a low-quality beat. He prefers TD Bank for its US exposure.

HOLD
HOLD
August 26, 2019
The banks are going sideways with Canadian mortgage worries, but they are soundly run. He disagrees that the banks should be shorted and the downside fears are invalid. That said, he doesn't hold many banks. It's okay to hold this long-term. Not for trading. Expect little stock movement.
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The banks are going sideways with Canadian mortgage worries, but they are soundly run. He disagrees that the banks should be shorted and the downside fears are invalid. That said, he doesn't hold many banks. It's okay to hold this long-term. Not for trading. Expect little stock movement.
PAST TOP PICK
PAST TOP PICK
August 20, 2019
(A Top Pick Sep 18/18, Down 8%) Well-run and pays a good dividend. They spent a lot buying asset management firms. Some investors aren't happy with BNS's spending or management. He sold it out of frustration. Latin America may be interesting...long term. Their capital markets division is struggling.
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(A Top Pick Sep 18/18, Down 8%) Well-run and pays a good dividend. They spent a lot buying asset management firms. Some investors aren't happy with BNS's spending or management. He sold it out of frustration. Latin America may be interesting...long term. Their capital markets division is struggling.
DON'T BUY
DON'T BUY
August 19, 2019

He has no direct exposure to Canadian banks because he thinks they are risky relative to potential market weakness. He prefers ZWB-T. He thinks BNS-T will under-perform because of their Latin American performance.

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He has no direct exposure to Canadian banks because he thinks they are risky relative to potential market weakness. He prefers ZWB-T. He thinks BNS-T will under-perform because of their Latin American performance.

BUY
BUY
August 15, 2019

TD-T vs. RY-T. TD-T is bigger than RY-T in the US. BNS-T is a bit cheaper. He is warming up to the sector in general.

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TD-T vs. RY-T. TD-T is bigger than RY-T in the US. BNS-T is a bit cheaper. He is warming up to the sector in general.

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