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Bank of Nova Scotia Stock Symbol: BNS-T

Last Price Recorded: $66.9300 on 2015-03-02

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Date Signal Expert Opinion Price
2015-03-02 BUY on WEAKNESS Larry Berman CFA, CMT, CTA

Thinks Canadian Banks move sideways for a while.  At $66-7 it is probably not compelling.  He has reduced bank exposure.  The dividend is safe and attractive.  You may get an opportunity to get it at the low end of the trading range sometime this year.


Price:
$66.930
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-02-27 COMMENT Stan Wong

You would own this one for its International exposure and its decent dividend profile.


Price:
$66.810
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-25 COMMENT Michael Sprung

We have seen a mix of earnings coming out from the banks. On this one, you are dealing with a different kind of international diversification. Not sure that their exposure to South America and the Caribbean are going to be a big positive catalyst right now. He does like this bank and thinks it is fairly well priced at the current levels. Dividend yield of 4%.


Price:
$65.820
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-18 TOP PICK David Cockfield

Banks have had a real downturn, and from what he can understand it is because of guys in New York that are Shorting Canadian banks. If you are concerned about slow growth in Canada, Mexico is booming, Central and South America are doing okay. This is where he expects the growth to come from. This is a conservative bank. Yield of 3.90%.


Price:
$66.390
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-02-13 COMMENT Brendan Caldwell

The most “international” of the Canadian banks, so if you want participation in what is going on in the rest of the world, this is going to be your best bet. However, if the rest of the world remains weak, this is the one that is the most vulnerable. If you want to trade the trend right now, Toronto Dominion (TD-T) is probably your best bet for exposure to the US.


Price:
$67.200
Subject:
CANADIAN VALUE
Bias:
BULLISH
Owned:
Yes
2015-02-13 COMMENT Jon Vialoux

He likes Canadian banks here. They have 2 periods of seasonal strength. One is from mid-January all the way through to April and the other one is more towards late summer, but October through to early December is the next period. Chart shows this is breaking the trend line resistance into the period of seasonal strength. It was good to him.


Price:
$67.200
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
BULLISH
Owned:
Unknown
2015-02-06 COMMENT Michael Simpson, CFA

For a long term hold, Bank of Nova Scotia (BNS-T) or Toronto Dominion (TD-T)? Of these 2, he prefers the exposure to the US that TD has.


Price:
$65.130
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
OPTIMISTIC
Owned:
Unknown
2015-02-06 COMMENT Chris Hensen

If the Canadian economy slows, it makes people a little concerned going on from here. Any time you have a bit of a blip in respect to credit related to the banks, it is sort of exacerbated. As a shareholder, you are not going to get hurt like you would in the US, but you can definitely feel it. He is a little concerned because the credit cycle has been very favourable for a long period of time. It is a cycle and it does come back. He is generally underweight banks and would want to wait before getting a little more comfortable.


Price:
$65.130
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2015-02-04 TOP PICK David Baskin

He likes this because it has so much foreign income and its growth in foreign markets, particularly in South America and Mexico. He thinks it is undervalued. Dividend yield of 4.16% is terrific.


Price:
$63.430
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-02-02 BUY Michael Smedley

Toronto Dominion (TD-T) or Bank of Nova Scotia (BNS-T)? He does not have a favourite between these 2. They have different characteristics. The main point at the moment is that the banks are tending to be under a bit of pressure. Chartists will tell you they have broken out of their awesome moves over the last few months, and will continue lower for a while. This is partly to do with interest rates and partly to do with the profits they will make on narrow spreads.


Price:
$62.050
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2015-01-28 COMMENT John O'Connell, CFA

Was always viewed as a low cost operator that didn’t pay their staff all that well and ran an amazing international franchise in Latin America. New management has taken out a lot of senior people very quickly, and that is making some people nervous. Has also been addressing some of the problems and concerns in Latin America, which has got people really worried. This is trading at a reasonable valuation. He likes what the new management is doing.


Price:
$62.520
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-01-20 COMMENT Paul Gardner, CFA

Leadership has changed in the last 1.5 years. What impact does this have? The quick answer is extra risks as there are always risks with a change in leadership. However, this is a Canadian pillar and when you are talking about change in leadership, everything is in place there. You’d really have to find an incompetent CEO to blow up the balance sheet and that is not happening here. ROE is still around 13%-14% and they are cheaper than a lot of the premier banks, so there is some opportunity. He has always shied away from there holdings in Latin America.


Price:
$61.640
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
UNKNOWN
Owned:
No
2015-01-14 BUY Michael Decter

Banks in general have been outstanding long-term holdings. They seem to go up every year and have had great long-term returns on capital. They were at all-time highs recently, and have come off, maybe as much is 10% in some cases, which means they are on sale and this is probably a very good buying opportunity.


Price:
$61.650
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
Unknown
2015-01-13 HOLD Christine Poole

Likes the banks as a group, and with the current pullback they are at a very attractive entry point now. Their underperformance relative to the group was really before the oil price collapse. They were having problems with the countries they deal with internationally and had to write offs some loans. Typically this gets a premium valuation because of its International exposure, but some of these emerging markets are having problems domestically and this bank is feeling the brunt of that. (See Top Picks.)


Price:
$61.920
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-01-12 BUY Barry Schwartz

Are you better off making a trade or holding off in order to keep getting the dividend? Stock has fallen a lot, so the valuation has gotten a lot cheaper. The stock price falling could make the investment less risky. You are paying less now for those dollars of assets.


Price:
$62.070
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
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