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Compiling comments that experts make about stocks while on public TV.

Bank of Nova Scotia Stock Symbol: BNS-T

Last Price Recorded: $52.0600 on 2016-02-12

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Date Signal Expert Opinion Price
2016-02-11 BUY Kash Pashootan

TD-T vs. BNS-T.  They are different in terms of the business.  Both get half of their revenue from outside of Canada.  BNS-T has been beaten up more because the Latin American economy is less stable than the US.  It is a good entry point if you don’t have exposure to Canadian banks.  It will be a 9% return including dividend for 5 years amongst volatility.


Price:
$52.660
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
CAUTIOUS
Owned:
Unknown
2016-02-11 WATCH Paul Harris, CFA

One of the things you have to look for in Canadian banks are their earnings in their balance sheets, which are coming out in a couple of weeks, as it may give you an opportunity to buy them cheaper because of volatility. From a valuation perspective, they are all trading below 10X earnings, except for TD (TD-T). Dividend yield of 5.4%.


Price:
$52.660
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-02-10 COMMENT John O'Connell, CFA

A well-run bank and he likes what the new CEO is doing. He is being tough on the organization to make sure it is being run on a cost competitive basis, but he is operating in very difficult environments and they are going to stay difficult for the foreseeable future. Thinks the banks are good value, but could become even better value. They’re all trading at around 10%. This is yielding about 5.3% and he could see it yielding 6%.


Price:
$52.660
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-02-04 TOP PICK Michael Sprung

For a long time this bank had a premium valuation. With their exposure to South America, which is largely dependent upon mining, that valuation has come off quite a bit. Their main exposure is in Mexico, Chile, Peru and Colombia, and the view is that their GDP growth is likely to be under 3% for the next year or so. However, they are gaining market share there. Efficiency ratio is fairly strong, so it is a profitable region for them. Trading at about 1.4 X Book. Dividend yield of 4.82%.


Price:
$56.860
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-02-02 COMMENT Keith Richards

Canadian banks in general are very tied to the economy and natural resources. When you are making a bet on the banks, you are making a bet on the Canadian economy. He would say the outlook is mediocre. Chart is showing a series of weaker highs and weaker lows. There is a decent potential for the stock to rally to the top of the trend line in the short term. That is the good news, but he would not initiate a mid to long-term position, but maybe a short-term trade, but maybe not play them until things turn around.


Price:
$55.570
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-02-01 BUY Brendan Caldwell

His favourite of the banks.  It is the most international of the Canadian banks.  It did not expand to the US but to the Caribbean and South America as well as the rest of the world.  This is a better bet for a longer term growth strategy. 


Price:
$56.340
Subject:
CANADIAN VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2016-01-29 PAST TOP PICK David Cockfield

(A Top Pick Feb 18/15. Down 9.5%.) Still likes this. It has been a little overdone in some of the negativity. The areas they are in are doing fine, other than Venezuela. Mexico in particular is doing quite well. They are quite careful about where they lend.


Price:
$57.390
Subject:
CANADIAN & ETF's
Bias:
OPTIMISTIC
Owned:
Yes
2016-01-26 BUY on WEAKNESS Ross Healy

Not the cheapest, but is one of the cheaper. It has given a very short-term trading Sell, which ought to carry the stock down to about $47. There are concerns about their business strategy, particularly in the current environment. They are past Masters in dealing in the Caribbean and South America, so he thinks it will come through. Would prefer to buy it at $47.


Price:
$53.260
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-01-21 BUY Greg Newman

Canadian banks are pretty good at these levels now. This has International and is tarred with the emerging markets, but 61% of its international holdings is in good parts such as Mexico.


Price:
$52.740
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2016-01-20 WAIT Douglas Kee

Royal Bank (RY-T), Bank of Nova Scotia (BNS-T) or both, or should he wait? (His Top Pick is another bank that you must own!) Both these banks have big domestic retail and the cash from domestic retail gets reinvested into growth areas. This bank is reinvesting that money into retail, but it is offshore retail. A higher margin business, but more volatile than Canadian retail. He would do a half position on each, but wait.


Price:
$51.860
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2016-01-12 COMMENT Lorne Steinberg

Canadian Banks are a pretty safe place to be. Has avoided the sector over the last couple of years, but with the current economy there might be a better buying opportunity. This has underperformed most of the other banks because of significant operations in Latin America and Caribbean, which is under pressure. The dividend is more than secure. Also the Canadian banking sector is not very exposed to the energy sector in a significant way. For the 1st time in a while, he is interested. He wouldn’t own one, but would probably own 3 including Royal (RY-T), Toronto Dominion (TD-T) and Bank of Nova Scotia (BNS-T).


Price:
$54.050
Subject:
Deep Value Global Equities
Bias:
UNKNOWN
Owned:
No
2016-01-11 DON'T BUY Kash Pashootan

If you are a trader, there are better places for your money.  This and NA-T are the worst performing two in the space.  This name will have a higher beta due to exposure to Latin America.


Price:
$54.190
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
SELECTIVE
Owned:
Yes
2016-01-06 TOP PICK Rick Stuchberry

This could have been any of the Canadian banks, but this one was punished last year more than the others. Canadian banks move as a group up and down. This had poor performance on the downside last year. Generally speaking they often revert towards the means, and this one will have a better performance going forward. Big in Canada and Latin America.


Price:
$55.160
Subject:
CANADIAN LARGE & ADRs
Bias:
CAUTIOUS ON US$
Owned:
Yes
2016-01-05 PAST TOP PICK David Baskin

(Top Pick Feb 4/2015, Down 7.87%)  He still feels this is the best bank to own.  The Canadian market is a low growth market.  This one has been oversold on expectations from Latin America.


Price:
$56.130
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-01-05 DON'T BUY Paul Gardner, CFA

Nothing is going to trigger it to outperform.  You are buying it for the long term.  He prefers TD-T and RY-T to this one. 


Price:
$56.130
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
No
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