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Bank of Nova Scotia Stock Symbol: BNS-T

Last Price Recorded: $70.8500 on 2014-11-28

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Date Signal Expert Opinion Price
2014-11-27 BUY Paul Harris, CFA

They have a new CEO, took a write-off.  They got a multiple for being in high growth areas, but some of those countries are slowing down.  They are doing the right thing now and it will benefit them down the road.


Price:
$70.850
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
CAUTIOUS on OIL
Owned:
Unknown
2014-11-24 BUY Peter Brieger

Recently announced some cutbacks and puts some negative attention on them.  It means they are not sitting by and letting payrolls build.


Price:
$70.190
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-21 TOP PICK Michael Sprung

Relative valuation has taken a bit of a hit lately, because in their recent quarter they reported a bit of a hiccup in their international operations. It is fairly rare that you are able to buy this bank for a lower Price to Book valuation than its competitors. At current levels, it’s a pretty good place to be. In the meantime, you are being paid 3.8% dividend yield and that dividend is likely to go up in the coming years. Tier 1 capital of about 10.9%.


Price:
$70.000
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-11-20 BUY Darren Sissons

Just pick one of the banks and hold it.  BNS-T is his preferred.  It is on sale because of its operations in the Caribbean.  The dividend is safe here.


Price:
$69.920
Subject:
GLOBAL LARGE
Bias:
BULLISH on RESOURCES
Owned:
Unknown
2014-11-14 WAIT Zachary Curry

Last results were a bit lumpier than people were hoping for. New CEO is probably putting his stamp on a number of things. Given that there were some job cuts, the big potential worry for him would be on the Latin American side, is that a one-off or will it be dragging into the future. Given the yield, valuation is very compelling, compared to the other banks. He would like to wait another quarter.


Price:
$68.660
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-11-04 BUY on WEAKNESS Lorne Steinberg

Cutting 1500 jobs. That always disturbs him when he sees a very profitable company chopping jobs, possibly for shorter-term reasons. This is a great franchise like all Canadian banks, plus they have their operations in Latin America and the Caribbean. They seem to have run into some issues in some of those places. Canadian banking sector is the most expensive globally on a price to book valuation. Dividend is rock solid. In a strong financial condition. He wouldn't look at this unless there was a pullback.


Price:
$67.190
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
No
2014-11-03 TOP PICK Norman Levine

The only Canadian bank he owns.  It has the smallest domestic footprint.  They are big in emerging markets and are strong going forward.  3.87% dividend.


Price:
$68.780
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-10-29 COMMENT Don Lato

A good time to be looking at Canadian banks. They have all sold off from their peaks. All took a nosedive from the mini meltdown a couple of weeks ago. Not his favourite. (See Top Picks.)


Price:
$68.090
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2014-10-27 COMMENT Peter Brieger

Bank of Nova Scotia (BNS-T) or Bank of America (BAC-N)? By owning a Canadian bank like this, you can take advantage of the Canadian dividend tax credit, which basically means a lot. Secondly, if you are going to buy something in the US, you are paying up for it, and that implies a potential exchange risk down the way. This is a great way of playing the Canadian economy as well as emerging markets.


Price:
$67.950
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2014-10-20 TOP PICK David Baskin

A laggard.  It is difficult for Canadian banks to grow so each has its strategy.  It is in Mexico, Chili and others.  ROE is very high and dividend is attractive.


Price:
$67.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-10-16 PAST TOP PICK Stan Wong

(A Top Pick October 17/13. Up 12.5%.) This gives you a 4% yield with a growing dividend profile. More international than the other Canadian banks. Long-term he expects you will see a ton of growth from those areas.


Price:
$65.860
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-15 STRONG BUY Barry Schwartz

Since 1974 the compound return on banks has been 17%. A remarkable place to be. There has never been a 10 year period where you have not doubled your money in Canadian banks. They have a license to print money. There is absolutely no competition. Canadian economy is going to grow at 1%-2%, while the US economy is going to grow at 2%-3%.


Price:
$65.800
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-14 COMMENT Bruce Tatters

The interesting thing about Canadian financial institutions is that the valuation ranges are not that wide. You have to remember that they are the one outside of Canada with holdings in Latin America and emerging markets. He prefers Toronto Dominion (TD-T), which trades at about the same valuation, but with a little faster earnings growth. There is nothing wrong with this.


Price:
$67.220
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2014-10-10 TOP PICK David Cockfield

This gotten beaten up a little bit more than the other banks recently. Feels there is too much concern about their earnings in central and south America. He still sees them as economically doing quite well. A conservative bank. Yield of 3.87%.


Price:
$67.990
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-10-08 TOP PICK Michael Sprung

This is the most diversified international Canadian bank. They have operations in the Caribbean, South and Central America. Has always been a very well managed bank from a credit perspective. All of the banks have pulled back a little. 3.9% yield. Thinks earnings over the next couple of years are going to go over $6 a share. This is at a very reasonable price and he is expecting 10X future earnings in a couple of years.


Price:
$69.150
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 15 of 1,028 entries
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