RE:RE:RE:Dividend Cut Coming ?Sarge - things are going great, hope they are for you too. I like your glass half full look at BNS, unfortunately, its performance over longer periods continues to significantly underperform. Maybe this new CEO will get it turned around but so far, not seeing many moves that say big changes are happening. TD and RY announced results today, between higher loan losses and the surtax, earnings at both are down. I am very suprised the analysts have underestimated loan losses by so much at all of the Banks given how conservative Canadian Banks are and their long history of over provisioning, on the front end of any trouble on the horizon. Despite the drops all of the Banks are announcing dividend increases so you know they don't see this as a long term issue.
Stay well.
SargeX wrote: Hey Dean
How she go these days?
BNS has had a bit of a bumpy ride but look on the bright side - it's only down -1.03% YTD compared to BMO at -8.01%, TD at -7.40%, and RY at -2.79%. :-)
Take her easy
Sarge
DeanEdmonton wrote: Nort going to happen. None of the Big 5 would cut or eliminate their dividend unless forced to by the regulator. That said, this stock has lost over 45% of its value in the past year. That is a lot worse than a dividend cut.
FiddyFiddyShot wrote: Will BNS cut the divvy this year, or will it remain intact ?