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.

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Bank of Nova Scotia > New CEO Showing his Inexperience in Banking

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Post by DeanEdmontonon Aug 12, 2024 1:32pm

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New CEO Showing his Inexperience in Banking

Non-Bank CEOs have not worked out well in the vast majority of cases. Over paying for a minority interest in a dog Bank in the States is a prime exmaple. However, the Board going along with this also points out why BNS has lagged its peers for decades. NEVER buy the dog that trades at a discount to its peers for long periods of time. There is a very good reason it trades at a discount, always buy the best run company in a sector. Yes it trades at a premium, and that premium is warranted.

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