Review of Bank of Nova Scotia

OCT 10, 2024 - BNS has established itself as a leading bank in the Americas offering a broad range of services and products such as personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The Bank employs 89,239 workers, has 2,279 branches and offices, and 8,584 automated-banking-machines (ABMs). BNS is the cheapest Canadian Bank and also pays the highest yield. We think further multiple expansion could occur as BNS executes on its strategy and continues to string together earnings beats. With a positive outlook we are maintain our rating of an A-.

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Q: Hello 5i,

Thanks for the detailed and quality answers during these "interesting" times. I know predictions are pretty much "off the table", but ... I wonder if you could ponder the chance over the next few years of a dividend cut at the Banks. (1 = impossible, 10 = possible if things get really bad).
Knowing that such an action would be a very tuff call for the banks to make. All Canadian banks in general, but specifically TD and BNS (which are some of my TSFA holdings and used to generate retirement dividend revenue.

Read Answer Asked by Jim on April 07, 2025

Q: Hi Chris, With today's blood bath, please advise if you think of screaming buy high conviction stocks for growth and dividend. If possible price range too. Thanks

Read Answer Asked by S on April 04, 2025

Bank of Nova Scotia (The) (BNS)

Q: Hi 5i Team,

You have in the past been very positive of BNS. I have held it for dividends (dollar cost averaging) and long term growth. It is also "Canadian". It has fallen in price since late last year, especially compared with TD. I would be interested in your opinion going forward and if you would be OK with adding to my position (new $$$). 3 to 5 year horizon.

Read Answer Asked by Jim on April 02, 2025