Bank of Nova Scotia T.BNS

For All of You That Think BNS is A Buy Because it Lags

[DeanEdmonton]

Last 5 years RY +49.7, BMO and TD +39, BNS -4.75, LB -39.38

Over the last year RY -4.39, BMO -9.55, TD -14.01, LB -19.23, BNS -20.78

When you are lagging Laurentian Bank, let alone the other Canadian Banks, guy might want to re-evaluate which horse to bet on.

[BiggyG]

Like all stats they are only as good/bad as the dates you select. One bank to watch for is RY and their recent agreement to purchase  HSBC Canada which will be very interesting, I trust that the RY has done a thorough DD, otherwise they may be exposing themselves to considerable Reputational Risk here. R/R is hard to quantify and can be a costly one. Markets will ultimately decide. Do your

[zack50]

Your choice of random time periods/frames are not a good indicator of how BNS has fared in the market. Surely, you must know that it's all about the timing!  I purchased BNS in March/April of 2020. My in-price position for 800 shares was $52.84 p/s. I divested the full position in March/22 @ $93.00 for a nice capital gain, plus of course a nice dividend yield over the 2 year period. Btw,

[DeanEdmonton]

My time period is no more random or arbitrary than your example. You could have bought RY instead, 74.00 range in Mar/Apr 2020, March 22, $136 and made a significantly larger gain, $62 on RY vs $40 on BNS. Never said you can't make money in BNS buying and selling, you can do that with lots of stocks. In terms of price appreciation from today, there is a belief BNS will out pace RY and TD. I do

[zack50]

A month ago you stated... "I posted previously that I am completely out of BNS and won't be getting back in any time soon...". Lol, that begs the question... why are you on the BNS board suggesting to those of us who hold a position in BNS that we should re-evaluate which horse to bet on... priceless! Your indication that BNS is lagging LB is because of your random choice of time

[DeanEdmonton]

Zack- I still follow BNS becasue I follow all of the Canadian Banks in depth. You never answered why you thought $40 a share gain was a better idea than a gain of $62. That to me is the slaient question.

[zack50]

FFS Dean, no where did I suggest, or do I think that "$40 a share gain was a better idea than a gain of $62."  When I purchased BNS back in March/April of 2020, I was able to buy at slightly less than $53 p/s vs. the $74 range that you suggest for RY in that same time period. My 800 shares of BNS cost me $42,272. Had I bought RY at $74 investing the same $42,272 I would have been

[Nextmillionaire]

Dean thank you for posting notice of this BNS red hell sinking ship. BNS marketing illusion & self service relative to piss poor customer service (fully documented within social media) reflective in share price and only a start of the pain & plummet yet to come with impacts to clients of high interest rates. Sell, sell, sell, sell, sell and sell some more.