Bank of Nova Scotia T.BNS

Alternate Symbol(s): BNS

Financial Services

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 > Buying... good sign

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Comment by RayDonovan78on Oct 11, 2022 7:15pm

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Post# 35018423

RE:RE:RE:Buying... good sign

Yes the same analysts that said sell in March 2020. My average cost is still way above current price with a 7% divy..... CIBC is even better....I love those Analysts !!

masfortuna wrote:

RayDonovan78 wrote: Yes it is....Gobbled some up last week on the lows adding to my initial position at the Covid 2020 lows. Not worried, good retirement hold, collecting a divy at roughly 7%....drawing a CIBC dIvy of 7.6% and BNS at 7%

Analysts have downgraded banks to "sell" expecting a 15% drp in the sp from here overall. In the case of BNS that will be closer to 20%. So if your time horizon is 10+ years you will get a great buying opportunity soon Ray.