Canada’s banks have been hit hard by the coronavirus pandemic. Among the most harshly impacted is Bank of Nova Scotia (TSX:BNS) (NYSE:BNS), which is down 29% for the year to date. That is the third-worst performance behind Bank of Montreal and Canadian Imperial Bank of Commerce.
Full Answer
Is Bank of Nova Scotia's stock overvalued or undervalued?
The P/E ratio of Bank of Nova Scotia is 11.63, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 12.39. Bank of Nova Scotia has a PEG Ratio of 1.09. PEG Ratios above 1 indicate that a company could be overvalued. Bank of Nova Scotia has a P/B Ratio of 1.56.
Is Bank of Nova Scotia (BNS) down 29% for the year?
Among the most harshly impacted is Bank of Nova Scotia (TSX:BNS) (NYSE:BNS), which is down 29% for the year to date. That is the third-worst performance behind Bank of Montreal and Canadian Imperial Bank of Commerce.
Is Bank of Nova Scotia the most shorted stock on TSX?
Canadian banks are under pressure, and Bank of Nova Scotia (TSX:BNS) (NYSE:BNS) is one of the most vulnerable. Canadian bank stocks are attracting substantial negative attention. This sees them ranked as some of the most heavily shorted stocks on the TSX.
When is Bank of Nova Scotia's next quarterly earnings announcement?
Bank of Nova Scotia is scheduled to release its next quarterly earnings announcement on Tuesday, February 22nd 2022. View our earnings forecast for Bank of Nova Scotia. How were Bank of Nova Scotia's earnings last quarter? The Bank of Nova Scotia (TSE:BNS) issued its quarterly earnings results on Tuesday, November, 30th.
Is Bank of Nova Scotia a good buy now?
Bank of Nova Scotia The - Hold Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of BNS, demonstrate its potential to underperform the market. It currently has a Growth Score of F.
Is Bank of Nova Scotia in trouble?
Canada's banks have been hit hard by the coronavirus pandemic. Among the most harshly impacted is Bank of Nova Scotia (TSX:BNS)(NYSE:BNS), which is down 29% for the year to date. That is the third-worst performance behind Bank of Montreal and Canadian Imperial Bank of Commerce.
Will Scotiabank stock go up?
Stock Price Forecast The 1 analysts offering 12-month price forecasts for Bank of Nova Scotia have a median target of 70.00, with a high estimate of 70.00 and a low estimate of 70.00. The median estimate represents a +19.52% increase from the last price of 58.57.
What is the best Canadian bank stock to buy?
So with that being said, let's get to the best Canadian bank stocks to buy moving forward.What are the best Canadian bank stocks to own today?Goeasy Ltd (TSE:GSY)Canadian Imperial Bank of Commerce (TSE:CM)Bank of Montreal (TSE:BMO)Toronto Dominion Bank (TSE:TD)National Bank (TSE:NA)More items...•
Is Scotiabank a safe bank?
Are Scotiabank accounts insured? One of the benefits of choosing a large trustworthy bank within Canada is the peace-of-mind that comes with account insurance. Scotiabank is a member of the CDIC, which means that they can offer insurance for all deposits up to $100,000.
Who owns Nova Scotiabank?
Top 10 Owners of Bank of Nova Scotia BMO Asset Management, Inc. The Vanguard Group, Inc. BMO Asset Management Corp. CIBC World Markets, Inc.
Should I invest in Scotiabank?
With a reputation for providing its investors with reliable dividend income, solid long-term growth, and the potential to deliver immense growth in the coming years, Scotiabank stock is more than a compelling stock to consider. It is a stock that should be a foundational part of every investor portfolio.
Is BNS a good long term investment?
International operations present good opportunity for growth. Company is a good long term hold. Stock price is expensive at the moment.
Is BNS a good stock?
Is Bank of Nova Scotia a good dividend stock? Bank of Nova Scotia(TSE:BNS) pays an annual dividend of C$3.80 per share and currently has a dividend yield of 5.45%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Will Canadian bank stocks go up in 2022?
The Bank of Canada's latest policy decision outlines an expectation for the consumer price index to remain elevated in the first half of 2022 before easing back toward the bank's two per cent target in the second half of the year. However, ongoing global supply constraints continue to cloud the outlook.
What bank stocks does Warren Buffett Own?
Berkshire Hathaway is the top shareholder of Bank of America Corp. BAC, +0.72% , American Express Co. AXP, +3.18% , U.S. Bancorp USB, +3.94% and Bank of New York Mellon Corp. BK, +3.81% .
Which Canadian bank pays the highest dividend?
Top 5 Canadian Bank Stocks by Dividend Yield in May 2022Scotiabank: 5% dividend yield. ... CIBC: 4.8% dividend yield. ... Laurentian Bank: 4.7% dividend yield. ... National Bank of Canada: 4.1% dividend yield. ... Bank of Montreal: 4% dividend yield.
What is Bank of Nova Scotia stock symbol?
Bank of Nova Scotia is a Canadian stock, trading under the symbol BNS-T on the Toronto Stock Exchange (undefined). It is usually referred to as TSX...
Is Bank of Nova Scotia a buy or a sell?
In the last year, 22 stock analysts published opinions about BNS-T. 16 analysts recommended to BUY the stock. 1 analyst recommended to SELL the sto...
Is Bank of Nova Scotia a good investment or a top pick?
Bank of Nova Scotia was recommended as a Top Pick by null on null. Read the latest stock experts ratings for Bank of Nova Scotia.
Why is Bank of Nova Scotia stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should b...
Is Bank of Nova Scotia worth watching?
22 stock analysts on Stockchase covered Bank of Nova Scotia In the last year. It is a trending stock that is worth watching.
What is Bank of Nova Scotia stock price?
On 2022-06-06, Bank of Nova Scotia (BNS-T) stock closed at a price of $84.61.
Should I buy or sell Bank of Nova Scotia stock right now?
11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There ar...
What is Bank of Nova Scotia's stock price forecast for 2022?
11 Wall Street research analysts have issued twelve-month target prices for Bank of Nova Scotia's stock. Their forecasts range from C$84.00 to C$97...
How has Bank of Nova Scotia's stock price performed in 2022?
Bank of Nova Scotia's stock was trading at C$89.55 at the start of the year. Since then, BNS stock has decreased by 8.5% and is now trading at C$81...
When is Bank of Nova Scotia's next earnings date?
Bank of Nova Scotia is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022. View our earnings forecast for...
How were Bank of Nova Scotia's earnings last quarter?
The Bank of Nova Scotia (TSE:BNS) announced its earnings results on Wednesday, May, 25th. The bank reported $2.18 earnings per share for the quarte...
How often does Bank of Nova Scotia pay dividends? What is the dividend yield for Bank of Nova Scotia?
Bank of Nova Scotia declared a quarterly dividend on Wednesday, May 25th. Shareholders of record on Tuesday, July 5th will be given a dividend of 1...
Is Bank of Nova Scotia a good dividend stock?
Bank of Nova Scotia(TSE:BNS) pays an annual dividend of C$4.12 per share and currently has a dividend yield of 4.94%. BNS has a dividend yield high...
Who are Bank of Nova Scotia's key executives?
Bank of Nova Scotia's management team includes the following people: Mr. Brian Johnston Porter A.M.P. , B.Com., Pres, CEO & Director (Age 64, Pa...
Who are some of Bank of Nova Scotia's key competitors?
Some companies that are related to Bank of Nova Scotia include Toronto-Dominion Bank (TD) , HSBC (HSBA) , Bank of Montreal (BMO) , Canadian Imp...
What does a high stock score mean for Bank of Nova Scotia?
Stockchase rating for Bank of Nova Scotia is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
What is the symbol for Bank of Nova Scotia?
What is Bank of Nova Scotia stock symbol? Bank of Nova Scotia is a Canadian stock, trading under the symbol BNS-T on the Toronto Stock Exchange (BNS-CT).
When will the Bank of Nova Scotia open in 2021?
Bank of Nova Scotia (BNS-T) June 11, 2021. In general for the Canadian banks have done pretty well over the last years. For banks, lower interest rates make it hard for banks to make higher profits.
Is Bank of Nova Scotia undervalued?
Bank of Nova Scotia (BNS-T) December 22, 2020. He owns many Canadian banks. Pays a higher dividend than peers and is exposed to Latin America, which offers growth. The Canadian banking sector is undervalued and offers dividend growth. Banks are well capitalized and in great shape.
When is the next earnings announcement for Bank of Nova Scotia?
When is The Bank of Nova Scotia's next earnings date? The Bank of Nova Scotia is scheduled to release its next quarterly earnings announcement on Tuesday, August 24th 2021. View our earnings forecast for The Bank of Nova Scotia.
How much did Bank of Nova Scotia make in the quarter?
The bank reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.19. The bank earned $7.74 billion during the quarter, compared to analyst estimates of $7.85 billion.
Why is Latin America in lockdown?
This is because many nations in the region have weak health systems and poor infrastructure. That forced some nations, including Colombia and Peru, to implement total lockdowns to prevent the spread of the virus.
What was the result of the weaker economies in Latin America?
That is a direct result of weaker economies in Latin America that saw regional central banks reduce headline interest rates to stimulate growth. This led to lower margins for Scotiabank’s international business and increased impaired loans, impacting divisional earnings.
Is Colombia in economic ruin?
For these reasons, Colombia, which is Latin America’s third-largest oil producer, is facing economic ruin after the latest oil price collapse. Economists estimate that Colombia’s gross domestic product (GDP) will contract by anywhere between 1.5% and 7% during 2020.
Is Scotiabank a Latin American bank?
Scotiabank, over the last decade, has built a sizable business in the Latin American nations of Mexico, Colombia, Peru, and Chile. It is a top-10-ranked bank by assets in all four countries, which are part of a trade pact known as the Pacific Alliance. Those operations became a major driver of earnings growth and profit centre for Scotiabank.
Does Scotiabank have a presence in Colombia?
Scotiabank has considerable exposure to Colombia, because it is the fifth-largest bank in the strife-torn Andean nation. Chile and Peru’s economic forecasts are not as poor as Colombia’s, but GDP in both nations is expected to contract, further weighing on Scotiabank’s regional earnings.
Poor outlook for banks
Investors are viewing Canada’s most international bank so poorly for several reasons. Key is Scotiabank’s considerable exposure to Latin America; it’s been spending considerable capital on acquisitions in the region over the last decade.
Weak economies in Latin America
Scotiabank is particularly vulnerable to any economic downturn in Latin America. A combination of inadequate testing, weak health infrastructure, and political ineptitude saw many Latin American countries mount insufficient responses to the pandemic.
Looking ahead
The latest events couldn’t have come at a worst time for Canadian banks. Risk of a domestic housing bust and sharp economic contraction are weighing heavily on the big banks. Emerging economic vulnerabilities in Latin America will magnify those headwinds for Scotiabank.
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