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 > Dividend

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Comment by DeanEdmontonon Dec 23, 2022 12:11pm

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Post# 35189659

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Dividend

ICUMD =- you are correct about their historical P/E. There are two ways to get back to 11/1, increased share price or reduced earnings. I hope your version works out for you, the street is betting on the reduced earnings version.

ICUMD14 wrote: Good discussion Dean.
No doubt RY is a top performer over time, current PE about 11.5.

BNS appears to be trading at a significant discount at current prices with PE of 8. Long term PE value closer to 10-11. Suggests good near term upside relative to RY. Higher dividend also generates superior cash flow.