Bank of Nova Scotia

BNS-T

TSE:BNS

55.18
0.11 (0.20%)
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 26, 2019
(A Top Pick Feb 13/18, Down 4%) Believes in it for its international exposure in Latin American and SE Asia and its increasing dividend yield. It's been oversold.
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(A Top Pick Feb 13/18, Down 4%) Believes in it for its international exposure in Latin American and SE Asia and its increasing dividend yield. It's been oversold.
PAST TOP PICK
PAST TOP PICK
March 20, 2019
(A Top Pick Feb 21/18, Down 2%) All the Canadian banks have been down this period, but based on relative valuation, he'd pick BNS now. Pays a good dividend. Its relative valuation has slipped because it is exposed to Latin America. That said, this is a core holding of his and he owns a lot of it.
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(A Top Pick Feb 21/18, Down 2%) All the Canadian banks have been down this period, but based on relative valuation, he'd pick BNS now. Pays a good dividend. Its relative valuation has slipped because it is exposed to Latin America. That said, this is a core holding of his and he owns a lot of it.
TOP PICK
TOP PICK
March 19, 2019
Often the worst bank one year does the best the next. BNS is 50% Canada and 50% foreign operations. (Analysts’ price target is $79.17)
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Often the worst bank one year does the best the next. BNS is 50% Canada and 50% foreign operations. (Analysts’ price target is $79.17)
TOP PICK
TOP PICK
March 13, 2019
He picked the worst Canadian bank year to date. It's underperformed. Their capital markets side was worse than expected. There've been questions about their Mexico operations with changes in that banking environment. They are a good dividend grower and will do another one likely in Q3. The growth of their mortage bank is slowing, though still positive; delinquencies haven't risen. Their core business is domestic retail and what matters is what they do with that cash flow. They're investing in technology which has hurt margins. (Analysts’ price target is $79.17)
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He picked the worst Canadian bank year to date. It's underperformed. Their capital markets side was worse than expected. There've been questions about their Mexico operations with changes in that banking environment. They are a good dividend grower and will do another one likely in Q3. The growth of their mortage bank is slowing, though still positive; delinquencies haven't risen. Their core business is domestic retail and what matters is what they do with that cash flow. They're investing in technology which has hurt margins. (Analysts’ price target is $79.17)
COMMENT
COMMENT
March 7, 2019
They've gone through a rough patch, but he sees opportunities for them outside Canada than within, namely in Mexico and South America. He expects a better earnings report from them than the last. The dividend is also good.
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They've gone through a rough patch, but he sees opportunities for them outside Canada than within, namely in Mexico and South America. He expects a better earnings report from them than the last. The dividend is also good.
TOP PICK
TOP PICK
March 1, 2019
You want to buy the disappointing bank. Has a good yield. They are not as much in Canada as the other banks. Yield = 4.75% (Analysts’ price target is $79.17)
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You want to buy the disappointing bank. Has a good yield. They are not as much in Canada as the other banks. Yield = 4.75% (Analysts’ price target is $79.17)
COMMENT
COMMENT
February 27, 2019
He doesn't focus too closely on the analysts downgrades. The return provided by banks is half what they were a decade ago. The banks are trading 10 times earnings with dividends of 3-4% yields. He is still positive on them.
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Bank of Nova Scotia (BNS-T)
February 27, 2019
He doesn't focus too closely on the analysts downgrades. The return provided by banks is half what they were a decade ago. The banks are trading 10 times earnings with dividends of 3-4% yields. He is still positive on them.
DON'T BUY
DON'T BUY
February 27, 2019
BNS missed its earnings earlier this week, so is it a buying opportunity? For the first time in years, he's owned BMO which he prefers. Valuations of all the banks fell to a good level in December, so he bought. BNS is his least-favourite bank, having made poor acquisitions in the last few years. They didn't execute in the past quarter, unlike its peers. You don't need to unload this stock, though.
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Bank of Nova Scotia (BNS-T)
February 27, 2019
BNS missed its earnings earlier this week, so is it a buying opportunity? For the first time in years, he's owned BMO which he prefers. Valuations of all the banks fell to a good level in December, so he bought. BNS is his least-favourite bank, having made poor acquisitions in the last few years. They didn't execute in the past quarter, unlike its peers. You don't need to unload this stock, though.
COMMENT
COMMENT
February 26, 2019
Announced mix earnings today BNS has underperformed the past year among Canadian banks. It yields around 5%. He likes this long-term. They own a lot of international banking assets which have had a rough ride lately. A well-run company and will do well ultimately. BNS is having a temporary lull, that's all. (BMO had nice results today, though.)
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Bank of Nova Scotia (BNS-T)
February 26, 2019
Announced mix earnings today BNS has underperformed the past year among Canadian banks. It yields around 5%. He likes this long-term. They own a lot of international banking assets which have had a rough ride lately. A well-run company and will do well ultimately. BNS is having a temporary lull, that's all. (BMO had nice results today, though.)
WAIT
WAIT
February 21, 2019
He really likes the chart. You have been in a downtrend since April. There are lower lows and lower highs. Earnings are coming up but as long as there is no nasty drop, he likes that it is pushing up and leading the banks. The resistance of $78 is the next key level. He is concerned about knowing the exact composition of their emerging markets business.
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Bank of Nova Scotia (BNS-T)
February 21, 2019
He really likes the chart. You have been in a downtrend since April. There are lower lows and lower highs. Earnings are coming up but as long as there is no nasty drop, he likes that it is pushing up and leading the banks. The resistance of $78 is the next key level. He is concerned about knowing the exact composition of their emerging markets business.
DON'T BUY
DON'T BUY
February 20, 2019
Not currently invested in any of Canadian banks. The feeling is that numbers will not be great. BNS will have elevated costs from acquisitions. This one would be at the bottom of her list for banks.
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Bank of Nova Scotia (BNS-T)
February 20, 2019
Not currently invested in any of Canadian banks. The feeling is that numbers will not be great. BNS will have elevated costs from acquisitions. This one would be at the bottom of her list for banks.
BUY
BUY
February 12, 2019
BCE vs. BNS for dividend growth and a long-term holding He owns both. Two different companies. The view on interest rates is positive for both. BCE: telecoms won't suffer from cord cutting, since they have a stake in streaming as well; and wireless, cable and interest rates are still high in Canada. BNS: just added to his holding; been a poor performer in the past year, but their international exposure is a positive; pays a good dividend; and this is a safe stock. Canadian banks as a whole earn a lot of money, and he doesn't see problems in this sector. BCE is more defensive, but it comes down to which sector you want.
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Bank of Nova Scotia (BNS-T)
February 12, 2019
BCE vs. BNS for dividend growth and a long-term holding He owns both. Two different companies. The view on interest rates is positive for both. BCE: telecoms won't suffer from cord cutting, since they have a stake in streaming as well; and wireless, cable and interest rates are still high in Canada. BNS: just added to his holding; been a poor performer in the past year, but their international exposure is a positive; pays a good dividend; and this is a safe stock. Canadian banks as a whole earn a lot of money, and he doesn't see problems in this sector. BCE is more defensive, but it comes down to which sector you want.
PAST TOP PICK
PAST TOP PICK
February 11, 2019
(A Top Pick Apr 19/18, Up 1%) Hands down, the banks have had a tough year, so BND holding its own and giving a decent yield are good.
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Bank of Nova Scotia (BNS-T)
February 11, 2019
(A Top Pick Apr 19/18, Up 1%) Hands down, the banks have had a tough year, so BND holding its own and giving a decent yield are good.
BUY WEAKNESS
BUY WEAKNESS
February 8, 2019
His model suggests a buy at $66, with only about 10% upside from today's price. He would buy on a pullback. Yield 4.7%
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His model suggests a buy at $66, with only about 10% upside from today's price. He would buy on a pullback. Yield 4.7%
BUY
BUY
February 5, 2019
All Canadian banks were beat up late last year which let him add to existing positions, like RY. But you can buy the worst-performing bank in a given year, expecting it do well in the next. Trades at an attractive multiple.
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All Canadian banks were beat up late last year which let him add to existing positions, like RY. But you can buy the worst-performing bank in a given year, expecting it do well in the next. Trades at an attractive multiple.
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