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 > In the $50's next week?

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Comment by NonCredibleSrcon Aug 30, 2023 8:42am

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Post# 35611508

RE:RE:RE:In the $50's next week?

Perhaps you found some solice in yesterday's trading action - I hope that to be true.

It's highly unlikely that we will see any of the big 6 cut their divvy in our lifetime. Today's div yields are too much to ignore. Riughly 4% higher than standard inflation.

Anyone not loading up at today's prices, with today's yields, is likely making poor decisions. 1, 3, 5 years out these 6s will break record highs again. Initial investments will be doubled in some cases and personal yields will remain in the 6% range for those that load now.

IMHO, literally a no-brainer as long as you have the fortitude to accept some paper loss in the mid-term.

GLTA.

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