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Bank of Nova Scotia T.BNS

Alternate Symbol(s):  BNS

Financial Services
The Bank of Nova Scotia is a bank in the Americas. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Its segments include Canadian Banking, International Banking, Global Wealth Management and Global Banking and Markets. The Canadian Banking segment provides a full suite of financial advice and banking solutions to retail, small business and commercial banking customers. The International Banking segment is a diverse franchise with Retail, Corporate, and Commercial customers. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across its footprint. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.


TSX:BNS - Post by User

Bank of Nova Scotia > CEO
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Comment by TammySweetson Nov 09, 2022 5:16am
139 Views
Post# 35084330

RE:RE:CEO

RE:RE:CEO
SargeX wrote: I totally agree that Porter has done a really poor job as CEO. He took over in Nov, 2013 and BNS has consistently under-performed the other 3 banks we own since then, 

I can recall a number of moves that have blown up where they bought something only to sell it later at a reduced price.

My wife & I are buy & hold dividend income investors and we do like the larger payout. Capital appreciation is very secondary to us but if it does matter to any investor, this is not the bank to own.

I just generated the follwing table from Morningstar for total returns (including dividends paid). I also added ZWB to show that even a bank ETF has out-performed it on 3, 5, and 10 year periods.

Ciao
  Sarge

Ticker   YTD%   1yr%   3yr%   5yr%   10yr%
BMO   -0.73   5.86   16.30   10.51   11.34
BNS   -12.26   0.30   8.99   4.08   7.45
RY   -3.04   -0.37   12.73   9.67   11.79
TD   -8.79   3.49   10.08   9.34   10.64
ZWB   -7.12   -2.86   10.43   7.28   9.34

angelnicky wrote: should step down ASAP for poor performance and take a salary cut




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