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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

Comment by zack50on Feb 18, 2023 7:04pm
234 Views
Post# 35293981

RE:RE:RE:RE:RE:For All of You That Think BNS is A Buy Because it Lags

RE:RE:RE:RE:RE:For All of You That Think BNS is A Buy Because it Lags FFS Dean, no where did I suggest, or do I think that "$40 a share gain was a better idea than a gain of $62.

When I purchased BNS back in March/April of 2020, I was able to buy at slightly less than $53 p/s vs. the $74 range that you suggest for RY in that same time period.

My 800 shares of BNS cost me $42,272. Had I bought RY at $74 investing the same $42,272 I would have been able to purchase 571 shares.

800 BNS with a gain of $40 p/s = $32,000 + dividends

571 RY with a gain of $62 p/s = $35,402 + dividends

Now, having said that... if I could have predicted the future of the market, I would have bought RY. But at the time, I did not know... nor did you... that RY would have a superior rise in share price. But, for the same $$$ investment, at that time, I had ~230 extra shares to work with and in fact, had I held the position until the very high, I could have made an additional $7K upon divesture.

Wouldn't it be grand if we could predict the future share price of the stocks we buy?! 
Obviously, our views are different... that's one of the reasons the market acts like it does... up one day, down the next... you buy, I sell... and vice-versa.

As I previously stated... it's my humble opinion that BNS will contine do just fine and make money for those of us who are fairly diligent in their timing.

Over and out!!


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