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Bank of Nova Scotia T.BNS

Alternate Symbol(s):  BNS

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

Post by DeanEdmontonon Sep 27, 2022 1:21pm
359 Views
Post# 34989858

Down below $67, Market is NOT Warming Up to New CEO

Down below $67, Market is NOT Warming Up to New CEO

There are a lot of polite things being said but behind the scenes there is a lot of selling going on. I think a lot of Institutional holders want to be on the side lines until they can assess the new CEO and that is going to take at least 18 months. Porter did a great job of turning the bank around but it took almost ten years. The share price still does not relect what he built for the future, but if the new CEO takes a dramatically different direction we could see this company stalled for another 5+ years. I had no idea this was coming but got lucky and sold BNS back in April, planning to buy back in once we know the depth of the coming recession world wide, which affects BNS more than the others. I think I will just redeploy that powder elsewhere for the time being.
 

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