From today's Motley Fool article :
At around $62 per share, BNS stock is absurdly cheap. Currently, shares trade at 9.7 times trailing price to earnings to go with a 6.7% dividend yield. This dividend is safe and likely to keep growing through the years, as the bank rolls with the macro punches thrown its way.
Bottom line :
Though untimely, Scotiabank stock stands out as a deep value play that may not have nearly as much downside as the rest of the market. Indeed, the stock has gotten used to being punished, with shares off around 34% from its high. If the market selloff continues, one has to think BNS stock ought to get a free pass since shares were never at all pricey to begin with.