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.

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Bank of Nova Scotia > Dividend

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Comment by RayDonovan78on Dec 24, 2022 9:54am

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Post# 35190994

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

My crystal ball says BNS will be the best performer of the big 5 Canadian banks in 2023 ; )

DeanEdmonton wrote: 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.