Bank of Nova Scotia T.BNS

Divy getting up there…

[mbuch]

Do you think they will cut it soon?

I averaged down a couple weeks early on this one...

[corvette67]

Not a chance the divy will be cut--still making billions . Bought some at 63.13.. GLTA

[mbuch]

I sure hope not, but "never say never" is what I always say...

[Puma1back]

The new CEO isn't a banker: if the dividend needs to be cut he won't have lived through the "never cut " mantra. Effect - increased cut risk?  so not sure if this yield spread over the group is a balance sheet risk or a market that still doesn't think that a non-banker can turn around the ship. Trying to think of another global example of where a bank brought in a non

[Puma1back]

1) add another option to last post - higher yield is possible reflective of judgement that we will not see dividend growth at BNS for a few years - not a cut, just no or really minimal growth. 2) only bank of the 5 that had a massive short position increase in July. Bns shorts up 30% plus  - CM was up about 15% but other 3 were zippo relatively speaking 

[FiddyFiddyShot]

This post has been removed in accordance with Community Policy

[indmuny]

If Laurentian was a real bank you may have a point. When they discuss the security of bank dividends they are referring to the big five.

[FiddyFiddyShot]

This post has been removed in accordance with Community Policy

[1condor]

SP getting down to the interesting level. Right now its sitting on the support level...if that break the next support is way down at the 2020 lows. Might take a position next week but admit its a tough call as the next 2 months are generally very ugly for the markets.

[YupnDump]

for those who bought them in the 80's one year ago have become dead...UGH....NIGHTMARES..!!!   dividend has become meaningless except for newbies...

[boomtimeer]

2.2 plus percent over RY and TD........yikes........not  likely to cut unless EPS were to come under extreme pressure for a few too many quarters.........loan loss provisions,,,,,loans loans loans.....they need more people to load up on their bank accounts,,,,,not just trade stocks with Direst Investing....interest rates likely to remain high at the very least close to these levels according