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 SargeXon Dec 24, 2022 11:40am

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Post# 35191067

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

Hey Dean

This is one of the few places where we disagree a little. My wife and I own BMO, BNS, RY, and TD and have only been adding to BNS lately to the tune of 370 shares at $68.40 ($25.3k). We also plan to add another $5k on Jan 3 with some of our new TFSA dough.

We always base our allocation on book value so BNS has the highest book value and the other 3 are similar to each other. RY has the largest current value and the other 3 are similar to each other. (meaning BNS has under-performed and RY has been the best performer).

Just like TRP, we didn;t get it at the very bottom but I'm very confidenent we will do well in the longer term.

Also, we do plan on adding to the other 3 banks but our current plan doesn;t show that happening until 2024.

Take her easy
Sarge

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.