Bank of Nova Scotia T.BNS

Alternate Symbol(s): BNS

Financial Services Banks - Global

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 > Provisions for Credit Losses

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Comment by ThisIsYerChanceon Sep 10, 2023 6:01pm

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Post# 35628521

RE:Provisions for Credit Losses

Sounds like ya think this dividend is yer chance?

insidersnoop1 wrote: According to Sept. 5 CIBC analyst note, ¨Provisions for Credit Losses¨ are as follows for the biggest 6 banks in Canada :
NA $111M, BMO $492M, RY $616M, CIBC $736M, TD $766M, and BNS $819M.
So...... I would conclude that BNS is best prepared when low 5 year mortgages come up for renewal at much higher rates.
Pay me 6.68% dividend while I wait for 20% capital gain !

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