Bank of Nova Scotia

BNS-T

TSE:BNS

75.21
0.31 (0.41%)
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
BUY
BUY
November 20, 2018
Likes it because it’s been unfairly punished compared to the other banks and is trading at a discount. Doesn’t think EMs are heading into a tailspin, so no reason for the strong selloff. You could add to this name. Dividends are growing.
Bank of Nova Scotia (BNS-T)
November 20, 2018
Likes it because it’s been unfairly punished compared to the other banks and is trading at a discount. Doesn’t think EMs are heading into a tailspin, so no reason for the strong selloff. You could add to this name. Dividends are growing.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$69.670
Owned
Yes
DON'T BUY
DON'T BUY
November 19, 2018
Not his favourite among Canadian banks, because of its Latin American exposure, which is risky. Well-run though, and the Canadian banks are an oligopoly. Overall, the Canadian banks have performed lacklustre this year. He prefers TD and RY.
Bank of Nova Scotia (BNS-T)
November 19, 2018
Not his favourite among Canadian banks, because of its Latin American exposure, which is risky. Well-run though, and the Canadian banks are an oligopoly. Overall, the Canadian banks have performed lacklustre this year. He prefers TD and RY.
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$70.760
Owned
No
BUY
BUY
November 8, 2018
LB-T vs. BNS-T. Both are safe. He owns BNS-T. It is never a good idea to chase yield. BNS-T is the most international bank in Canada.
LB-T vs. BNS-T. Both are safe. He owns BNS-T. It is never a good idea to chase yield. BNS-T is the most international bank in Canada.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$71.500
Owned
Yes
BUY
BUY
November 6, 2018
He likes the Canadian banks which have had a big pullback. Well-managed and pays a good yield. Now is an opportunity to buy and they should return 10% over the next year.
He likes the Canadian banks which have had a big pullback. Well-managed and pays a good yield. Now is an opportunity to buy and they should return 10% over the next year.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$71.160
Owned
Yes
BUY
BUY
November 5, 2018
Banks are great stocks to hold for low volatility. It has dropped quite a bit but this may be a good buying price now. There is no support below $69 down to $65. Buy a small position now and then more next month and more the month after.
Banks are great stocks to hold for low volatility. It has dropped quite a bit but this may be a good buying price now. There is no support below $69 down to $65. Buy a small position now and then more next month and more the month after.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$70.970
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 1, 2018
(A Top Pick Aug 23/18, Down 9%) He doesn't want to own any of the financials going on the new year. He is looking for an exit door.
(A Top Pick Aug 23/18, Down 9%) He doesn't want to own any of the financials going on the new year. He is looking for an exit door.
Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$70.730
Owned
Yes
BUY
BUY
October 31, 2018
All markets and Canadian banks have been punished, and he doesn't understand why BNS has been hit so badly. Their wealth management has the biggest upside with those two acquisitions (maybe paying too much). They've made good acquisitions in Latin America, which may be more volatile, but have paid off.
All markets and Canadian banks have been punished, and he doesn't understand why BNS has been hit so badly. Their wealth management has the biggest upside with those two acquisitions (maybe paying too much). They've made good acquisitions in Latin America, which may be more volatile, but have paid off.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$70.650
Owned
Unknown
TOP PICK
TOP PICK
October 29, 2018

Down to 9x earnings due to fears in emerging markets (Latin America). This is as cheap as it gets. It'll bounce back, as history shows. (4.9% dividend, Price target: $86.12)

Down to 9x earnings due to fears in emerging markets (Latin America). This is as cheap as it gets. It'll bounce back, as history shows. (4.9% dividend, Price target: $86.12)

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$69.520
Owned
Yes
BUY
BUY
October 24, 2018

It's badly lagging the other Canadian banks. It's been oversold to the point of being highly attractive. Good 4.8% yield and PB value. Yes, they are exposed to Latin America, but BNS is making a lot of effort in fintech and wealth
management through the Jarislowsky purchase. Now, BNS is a buying opportunity.

It's badly lagging the other Canadian banks. It's been oversold to the point of being highly attractive. Good 4.8% yield and PB value. Yes, they are exposed to Latin America, but BNS is making a lot of effort in fintech and wealth
management through the Jarislowsky purchase. Now, BNS is a buying opportunity.

Michael Sprung
President, Sprung Investment Management
Price
$69.150
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 24, 2018

(Past Top Pick Oct. 18, 2017, Down 10%) They have a large presence in Latin America in a time when emerging markets are under pressure. But this is also a secular growth opportunity. It now lags the Canadian banks, but the laggard in one year often leads it the next.

(Past Top Pick Oct. 18, 2017, Down 10%) They have a large presence in Latin America in a time when emerging markets are under pressure. But this is also a secular growth opportunity. It now lags the Canadian banks, but the laggard in one year often leads it the next.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$69.150
Owned
Yes
COMMENT
COMMENT
October 23, 2018

A higher-beta bank name, because their revenues are mostly in Latin America where there are commodity-based economies and are thus more volatile. But the middle class is growing there, so there's long-term potential. You'll be fine if you have a medium- or long-term horizon, but challenging in the short. It's riskier than its peers. Also, it takes time to digest their recent large acquisitions in wealth management and to benefit from those synergies.


A higher-beta bank name, because their revenues are mostly in Latin America where there are commodity-based economies and are thus more volatile. But the middle class is growing there, so there's long-term potential. You'll be fine if you have a medium- or long-term horizon, but challenging in the short. It's riskier than its peers. Also, it takes time to digest their recent large acquisitions in wealth management and to benefit from those synergies.


Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$70.760
Owned
Unknown
BUY
BUY
October 19, 2018

It has not been performing well. The international growth has not been strong. Scotia does not have a strong US franchise. So earnings growth has stalled right now. It is in the penalty box right now because of their recent purchase of money manager firms and dilution of shares.

It has not been performing well. The international growth has not been strong. Scotia does not have a strong US franchise. So earnings growth has stalled right now. It is in the penalty box right now because of their recent purchase of money manager firms and dilution of shares.

Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$71.170
Owned
No
BUY
BUY
October 17, 2018

The worst of the sector, but he bought some yesterday. Their earnings are good and he expects a rate hike next week to boost all Canadian banks. Buy now when it's down. It's an emerging market play, and EM is out of favour, which is a
buying opportunity. Pays a 4.7% dividend.

The worst of the sector, but he bought some yesterday. Their earnings are good and he expects a rate hike next week to boost all Canadian banks. Buy now when it's down. It's an emerging market play, and EM is out of favour, which is a
buying opportunity. Pays a 4.7% dividend.

Chris Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$72.230
Owned
Yes
DON'T BUY
DON'T BUY
October 16, 2018

He sold it, because it disappointed. He prefers TD, RY, and JPM and BAC in the States. He doesn't know why BNS is underperforming.

He sold it, because it disappointed. He prefers TD, RY, and JPM and BAC in the States. He doesn't know why BNS is underperforming.

Michael Decter
President & CEO, Lawrence Decter Investment Counsel
Price
$71.830
Owned
No
HOLD
HOLD
October 15, 2018

It is a pretty good long term hold. It recently developed a downward channel. It may hold around $70, as the seasonality kicks in. There are stronger names, however. There are better names to get into right now.

It is a pretty good long term hold. It recently developed a downward channel. It may hold around $70, as the seasonality kicks in. There are stronger names, however. There are better names to get into right now.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$71.100
Owned
Yes
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