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 > Can anyone say $50s soon?

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Comment by NonCredibleSrcon Sep 29, 2023 10:59am

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Post# 35661630

RE:RE:RE:RE:Can anyone say $50s soon?

I have never seen one of the Big 6 banks cut their dividend - doesn't mean it can't happen, but it would be a historiical moment that would need to clearly be backed by a very troubled balance sheet.

I don't see that balance sheet trouble here with BNS.

How many times in your lifetime will you be able to buy a blue chip stock such as this, one that has compounded it's value over decades, with a dividend return that is almost 7% annually? That's a div that's is almost 3X what standard inflation tarthets are set to.

To me, the dividend return is not a concern, it's a sign of what the underlying stock price 'should' be.

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