RE:RE:RE:RE:RE:RE:RE:RE:Dividend increase? When you make strong statements like Scotiabank should be trading at or below $70, you can expect that there will be a response, especially when no rationale was offered to support that kind of conclusion.
I try to remain objective and diplomatic in my commentary here. We are all different and I appreciate the views of everyone. Personally my approach is to analyze, so I chose to be quite familiar with the investor day presentation which outlined a new strategic direction. Also, I regularly review analyst commentaries, accounting statements, press releases and also stay in touch with relevant macroeconomics and geopolitical events, within the various geographies in which BNS operates.
with this approach and after analyzing the latest earnings closely, I felt right from the start that BNS was pretty much on track with their Investor Day stated targets, despite a small miss on the EPS number. And that is why I felt compelled to respond so quickly to the provocative statement in question.
I think today was evident that BNS has tremendous potential for above average share price appreciation in the Canadian banking sector. It's compelling that they were the largest percentage gainer in banks today in Canada, despite the very strong results from Royal Bank alone.
there will be ups and downs in the coming weeks and months. Let's see what the other three big banks offer tomorrow. And let's all try to remain humble because the stock market offers us opportunity, but also very quickly teaches us lessons. In this kind of forum we can all learn from each other, and I am finding the contributions quite beneficial.
GLTA!!