Bullboard - Stock Discussion Forum Bank of Nova Scotia T.BNS

Alternate Symbol(s): BNS

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... see more

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TSX:BNS - Post Discussion

Bank of Nova Scotia > BNS has an NCIB in place. It is time to use it.

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Post by Quintessential1 on Mar 25, 2023 5:01pm

BNS has an NCIB in place. It is time to use it.

It gets better for the bulls: StanChart expects last week’s gamma effects to reverse course with banks buying back positions thus reinforcing the short-term rebound.

https://finance.yahoo.com/news/standard-chartered-oil-prices-likely-220000515.html

GLTA Longs

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Comment by t898an on Mar 26, 2023 12:40am

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Comment by OuijaFund on Mar 26, 2023 11:10am

BNS has an NCIB in place. It is time to use it. Actually BNS is doing the opposite of an NCIB, now issuing DRIP dividends as new shares from treasury. With 1.19 billion share count that means some amount of re-capitalization money and accompanying dilution for shareholders. Scotiabank Announces Dividend on Outstanding Shares Earnings growth will be key to increasing the stock price. ...more

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Comment by Quintessential1 on Mar 26, 2023 7:10pm

Actually BNS has the following options for their DRIP which is not the opposite of an NCIB especially if they purchase them on the open market. Ecouraging existing shareholders to reinvest their dividends back into BNS invigorates the stock price when the purchases are made and since shareholders are given a discount and charged no fees to do so it is a win-win in this environment. " ...more

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Bank of Nova Scotia