Bank of Nova Scotia

BNS-T

TSE:BNS

56.90
0.73 (1.30%)
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
DON'T BUY
DON'T BUY
August 9, 2019

He owns no Canadian banks because of the housing climate here and the general economy. BNS is the most internationally exposed, but investors are worried about emerging markets given trade war tensions, which could escalate. If you have a 5-10-year horizon, you won't lose much with BNS, but you won't gain much either. His choice of bank is TD-T for its large U.S. presence.

Show full opinionHide full opinion

He owns no Canadian banks because of the housing climate here and the general economy. BNS is the most internationally exposed, but investors are worried about emerging markets given trade war tensions, which could escalate. If you have a 5-10-year horizon, you won't lose much with BNS, but you won't gain much either. His choice of bank is TD-T for its large U.S. presence.

DON'T BUY
DON'T BUY
August 6, 2019
Stop? Down about 21% off the highs. He looks for the themes that are working. The first stock to double in a recovery is the one that doubles again first. When you are a leader you have an easier time running your company. He does not believe in buying the weakling in the group. He is not sure why BNS has been struggling, so he would be cautious.
Show full opinionHide full opinion
Stop? Down about 21% off the highs. He looks for the themes that are working. The first stock to double in a recovery is the one that doubles again first. When you are a leader you have an easier time running your company. He does not believe in buying the weakling in the group. He is not sure why BNS has been struggling, so he would be cautious.
PAST TOP PICK
PAST TOP PICK
July 26, 2019
(A Top Pick Jul 31/18, Down 4%) Still likes it and buying it for their clients. Has international operation that has had some challenges. New CEO has changed a lot of senior heads. Not 100% convinced the strategy is working, but wait and see, he hasn't been in the job for too long. Hopefully that will continue to work based on what we see so far. All banks globally are struggling. With low interests rates the returns aren't great. Banks are somewhat of utility at the moment.
Show full opinionHide full opinion
(A Top Pick Jul 31/18, Down 4%) Still likes it and buying it for their clients. Has international operation that has had some challenges. New CEO has changed a lot of senior heads. Not 100% convinced the strategy is working, but wait and see, he hasn't been in the job for too long. Hopefully that will continue to work based on what we see so far. All banks globally are struggling. With low interests rates the returns aren't great. Banks are somewhat of utility at the moment.
TOP PICK
TOP PICK
July 25, 2019
His favourite. Not firing on all cylinders right now. Domestic acquisitions, internationally restructuring. Negative sentiment around it. Price multiple is 10x. Building out scale in Canada, increasing efficiencies. Globally, tapping into emerging middle class. Yield is 4.92%. (Analysts’ price target is $77.36)
Show full opinionHide full opinion
His favourite. Not firing on all cylinders right now. Domestic acquisitions, internationally restructuring. Negative sentiment around it. Price multiple is 10x. Building out scale in Canada, increasing efficiencies. Globally, tapping into emerging middle class. Yield is 4.92%. (Analysts’ price target is $77.36)
DON'T BUY
DON'T BUY
July 18, 2019

Some recent results a bit soft. Not growing in wealth management. Prefers TD and Royal. Those two are in the US and spending a lot on technology.

Show full opinionHide full opinion

Some recent results a bit soft. Not growing in wealth management. Prefers TD and Royal. Those two are in the US and spending a lot on technology.

PAST TOP PICK
PAST TOP PICK
July 16, 2019
(A Top Pick Jul 03/18, Down 2%) The Canadian banks are good value right now. They trade between 9 & 12 times earnings. The yield is almost 5% and there could be room for dividend growth. He continues to add to his clients holdings.
Show full opinionHide full opinion
(A Top Pick Jul 03/18, Down 2%) The Canadian banks are good value right now. They trade between 9 & 12 times earnings. The yield is almost 5% and there could be room for dividend growth. He continues to add to his clients holdings.
PAST TOP PICK
PAST TOP PICK
July 12, 2019
(A Top Pick Jun 26/18, Down 2%) It's a little cheap vs. its peers and will catch up to the others over time. It needs to digest recent acquisitions, as their international operations come along. He's a little worried about Canadian mortgages, but a 5-7% return is respectible.
Show full opinionHide full opinion
(A Top Pick Jun 26/18, Down 2%) It's a little cheap vs. its peers and will catch up to the others over time. It needs to digest recent acquisitions, as their international operations come along. He's a little worried about Canadian mortgages, but a 5-7% return is respectible.
PAST TOP PICK
PAST TOP PICK
July 12, 2019
(A Top Pick Jul 06/18, Down 2%) Good stock. Into various jurisdictions in Central and South America where growth rate will continue to be good. Not an exciting place until we get beyond the current economic cycle. Yield is 5%.
Show full opinionHide full opinion
(A Top Pick Jul 06/18, Down 2%) Good stock. Into various jurisdictions in Central and South America where growth rate will continue to be good. Not an exciting place until we get beyond the current economic cycle. Yield is 5%.
BUY
BUY
July 10, 2019
She is looking at it closely and has added it to some client portfolios. They are re-focusing what they want to do in the Caribbean. It should do well and has an attractive dividend yield as well.
Show full opinionHide full opinion
She is looking at it closely and has added it to some client portfolios. They are re-focusing what they want to do in the Caribbean. It should do well and has an attractive dividend yield as well.
PAST TOP PICK
PAST TOP PICK
July 3, 2019
(A Top Pick Jul 04/18, Up 0.2%) Somewhat of a laggard compared to the other Canadian banks. He likes it because it has the smallest exposure to Canada. Their acquisitions into wealth managing companies should take time to develop. He would continue to hold it.
Show full opinionHide full opinion
(A Top Pick Jul 04/18, Up 0.2%) Somewhat of a laggard compared to the other Canadian banks. He likes it because it has the smallest exposure to Canada. Their acquisitions into wealth managing companies should take time to develop. He would continue to hold it.
HOLD
HOLD
July 3, 2019
Selling the covered call to gain more income. This has work until recently. Do in the money covered calls instead? If you do, you'll lose the dividend when you sell it. He wouldn't because you'll likely lose the stock and the dividend.
Show full opinionHide full opinion
Selling the covered call to gain more income. This has work until recently. Do in the money covered calls instead? If you do, you'll lose the dividend when you sell it. He wouldn't because you'll likely lose the stock and the dividend.
DON'T BUY
DON'T BUY
July 2, 2019
If there's a recession. After making some big deals, there are not seriously in the wealth management business. They also restructured. It will be hard to synergize the wealth management business. Also, BNS are big players in emerging markets, which have had a tough time and have pressured BNS. In a recession, all banks do poorly, but it depends what drives the recession (i.e. mortage defaults).
Show full opinionHide full opinion
If there's a recession. After making some big deals, there are not seriously in the wealth management business. They also restructured. It will be hard to synergize the wealth management business. Also, BNS are big players in emerging markets, which have had a tough time and have pressured BNS. In a recession, all banks do poorly, but it depends what drives the recession (i.e. mortage defaults).
WAIT
WAIT
June 27, 2019
A lot of EM exposure, where there's more growth, but they've been under pressure. Not a huge fan of it right here today. But looking 3-4 years down the road, there's nothing wrong with it. Yield is 4.9%.
Show full opinionHide full opinion
A lot of EM exposure, where there's more growth, but they've been under pressure. Not a huge fan of it right here today. But looking 3-4 years down the road, there's nothing wrong with it. Yield is 4.9%.
TOP PICK
TOP PICK
June 26, 2019
He hasn't recommended a Canadian bank in a while. BNS has long been under pressure from their Latin America operations, but the growth rate of that has been a huge 14%. Now is a great entry point. Pays a 5% yield. Today, they're selling operations in the Caribbean, a weak link. They've made big purchases in wealth management which will pay off. A great defensive. (Analysts’ price target is $80.07)
Show full opinionHide full opinion
He hasn't recommended a Canadian bank in a while. BNS has long been under pressure from their Latin America operations, but the growth rate of that has been a huge 14%. Now is a great entry point. Pays a 5% yield. Today, they're selling operations in the Caribbean, a weak link. They've made big purchases in wealth management which will pay off. A great defensive. (Analysts’ price target is $80.07)
DON'T BUY
DON'T BUY
June 18, 2019

He's been a fan of BNS for many years. Moving into Latin America was a good idea, but TD and RY were smarter to expand into the U.S. BNS hasn't scored as well in Latin American as he expected, so he now favours TD as well as National Bank.

Show full opinionHide full opinion

He's been a fan of BNS for many years. Moving into Latin America was a good idea, but TD and RY were smarter to expand into the U.S. BNS hasn't scored as well in Latin American as he expected, so he now favours TD as well as National Bank.

Showing 61 to 75 of 1,429 entries