Bank of Nova Scotia T.BNS

Alternate Symbol(s): BNS

Financial Services Banks - Global

The Bank of Nova Scotia (the Bank) is a Canadian chartered bank. The Bank's segments include Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other. The Canadian Banking segment provides a full suite of financial advice and banking solutions. The International Banking segment is a diverse franchise offering financial advice and solutions to retail, corporate and commercial clients. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across the Bank's footprint. The Global Wealth Management segment serves investment fund and advisory clients across 13 countries. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. The Other segment includes Group Treasury, smaller operating segments and corporate items which are not allocated to a business line.

TSX:BNS - Post by User

Bank of Nova Scotia > Why all banks are in RED like this

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Comment by Dibah420on Jun 23, 2022 4:09pm

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RE:Why all banks are in RED like this

The number crunchers reassure us that Canadian banks are sound, and their dividends safe; but too many other pundits screaming that the sky is falling, the sky is falling.
Mostly shorts, some retail capitulating, others getting margin calls. I suspect there is more to come.
But when we reach bottom, or shortly thereafter, be prepared to bring out your dry powder. Won't be quite like March 2021; the climb back will be much slower. In the meantime enjoy your dividends and see your DRIP acquire cheap shares.

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