Bank of Nova Scotia

BNS-T

TSE:BNS

72.48
0.06 (0.08%)
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
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.
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(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.
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.
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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.
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)

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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)

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.

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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.

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.

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(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.

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.


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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.


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.

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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.

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.

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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.

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.

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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.

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.

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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.

PARTIAL BUY
PARTIAL BUY
October 12, 2018

Have been on an acquisition binge. Business is slowing down in the Caribbean. If investing in Canadian banks, half positions only because of inflation and slowdowns in mortgages and the Canadian economy. He isn’t really aggressive with banks because the yield curve is not in their favour.

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Have been on an acquisition binge. Business is slowing down in the Caribbean. If investing in Canadian banks, half positions only because of inflation and slowdowns in mortgages and the Canadian economy. He isn’t really aggressive with banks because the yield curve is not in their favour.

DON'T BUY
DON'T BUY
October 11, 2018

It is within about 5% of setting a new low. It appears to be the poorest ranked stock in his model. They had problems in the Caribbean.

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It is within about 5% of setting a new low. It appears to be the poorest ranked stock in his model. They had problems in the Caribbean.

BUY
BUY
October 10, 2018

Been adding to it. BNS has underperformed its peers. Recently did an equity issue to fund acqusition in the global management side. So, its been taking a breather in its stock. Likes Canadian banks which have a good year in reporting. Overhangs were NAFTA and real estate where rising interest rates pressure mortgages. Banks have diversified businesses and are performing well; and are investing in technology. All are raising dividends.

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Been adding to it. BNS has underperformed its peers. Recently did an equity issue to fund acqusition in the global management side. So, its been taking a breather in its stock. Likes Canadian banks which have a good year in reporting. Overhangs were NAFTA and real estate where rising interest rates pressure mortgages. Banks have diversified businesses and are performing well; and are investing in technology. All are raising dividends.

HOLD
HOLD
October 9, 2018

Like any of the Canadian banks he feels they have a place in the portfolio. They have the biggest exposure to emerging markets and that affected them negatively recently given what has been happening in South America. They don’t hold it but think it will do well.

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Like any of the Canadian banks he feels they have a place in the portfolio. They have the biggest exposure to emerging markets and that affected them negatively recently given what has been happening in South America. They don’t hold it but think it will do well.

PAST TOP PICK
PAST TOP PICK
October 5, 2018

(A Top Pick Aug 11/17, Up 3%) Thinks the market’s wrong, overreacted. Second-largest bank in Mexico, so the new NAFTA should help them. Growth in Central and South Americas should help them. A good time to get in.

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(A Top Pick Aug 11/17, Up 3%) Thinks the market’s wrong, overreacted. Second-largest bank in Mexico, so the new NAFTA should help them. Growth in Central and South Americas should help them. A good time to get in.

Showing 106 to 120 of 1,410 entries