Bank of Nova Scotia T.BNS

Not liking the numbers today.

[mbuch]

All banks are going to have some bumpy roads ahead.

Really concerned about BNS's dividend now.

[FiddyFiddyShot]

This post has been removed in accordance with Community Policy

[mbuch]

The unprecedented financial situation we are in will last years not quarters. Almost twice as much money out there now following the same amount of goods. Hmmmm BNS will not pay a 10% dividend. Something is gonna give.     

[NonCredibleSrc]

10% divvy would indicate a stock price of $40.60 - which we are no where near. Will they pay a 10% divvy? No. But in my opinion, it's not because the share price falls to that $40.60 value - it's because the share price  appreciates in value over the next couple of years. In March of 2020 BNS hit a low of $46.38. Divvy at the time was $.90 per share or better that 7.7%.

[Ajyyc1982]

Their revenue didn't drop, infact it increased. They had 420 million in losses on job cuts in October and loan loss provisions aren't actual current losses it's a hedge against potential losses. post covid all the banks took these billions and did massive dividends increases . Their CET is above 13.5% 2.5% above the requirements. I would not be too worried.. this ain't 1989 with 13

[FiddyFiddyShot]

This post has been removed in accordance with Community Policy

[mbuch]

The amount of free money printed by all the central banks as a result of the pandemic and after, is much worse.  Inflation is only beginning regardless how the governments try to fudge the numbers lately.  Time will tell.   

[YupnDump]

YUCK...

[Quintessential1]

Nice analysis dufus.  At least the OP tries to throw some kind of financial reasoning behind his comment. Loan loss provisions will be offset by increased loan revenues if...and that is a big if...loan losses even materialize. Not averaging down or buying when the share price is oversold is a mistake.   I have seen this dance before...not that long ago either. But you boys do

[Ajyyc1982]

I don't think any of the big 5 RBC,BMO, bns, td, cibc have ever cut their dividend not during 2000 tech crash, or 08 mortgage crisis and bns payout ratio is at about a 65% they would have to earn far less money to even consider a cut... I think they'll probably raise it 3 cents next quarter... 

[NonCredibleSrc]

None of the big 5 have ever, EVER cut theiry divvy in their entire existance. BNS divvy is now approaching the way-out inflation rate of about a year ago. Me? I'm a little excited. If the stock remains at this level my Jan divvies will move to quite a number more new BNS DRIP shares at a divvy rate that will keep me quite happy.