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Bank of Nova Scotia Stock Symbol: BNS-T

Last Price Recorded: $64.2100 on 2015-07-04

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Date Signal Expert Opinion Price
2015-07-02 BUY David Baskin

Put it away and collect the dividend.  Puerto Rico may have to default on its debt but that doesn’t affect BNS-T.  It is a tremendous bank and less than 11 times expected earnings.  Approaching 4.3% dividend.  TD-T is the premier and is the safest.


Price:
$64.070
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2015-07-02 COMMENT Andy Nasr

He has a preference for US banks versus Canadian banks, because he thinks loan growth in the US is going to accelerate and there will be a bit of a slowdown in Canada. Also, the valuation is a lot more compelling today than it has been in the past. For the most part though, Canadian banks are great long-term investments.


Price:
$64.070
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
OPTIMISTIC
Owned:
No
2015-06-22 BUY Michele Robitaille

She likes the banks although there are headwinds.  BNS-T has a sizable international operation.  She watches what is going on down there.  The Canadian business performed very well.  They had softer international revenues recently.  They manage the extent of their international exposure. 


Price:
$65.150
Subject:
HIGH YIELD EQUITIES & REITS
Bias:
CAUTIOUS
Owned:
Yes
2015-06-15 BUY Barry Schwartz

This has materially underperformed the other banks since 2004. They have also underperformed on the international sector, but that is cyclical and temporary. When that comes back, you could see this bank take the lead again.


Price:
$66.000
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-06-08 COMMENT Michael Sprung

A Canadian bank with a safe dividend and some growth? He is invested in the Bank of Nova Scotia (BNS-T), Royal (RY-T) and Canadian Bank of Commerce (CM-T). The Commerce’s ROE is quite high relative to the other banks, and they do pay a very generous dividend. All the banks have different business models, and this one is primarily exposed in the Canadian market where the other 2 are more international. If looking for something with a balance between potential for capital appreciation and diversification of business mix, his choice would probably be Bank of Nova Scotia.


Price:
$65.250
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-06-05 BUY Kash Pashootan

If you are building a portfolio of 15-20 names, this is a stock that makes sense. It has struggled lately, but so have pretty much all the Canadian banks.


Price:
$66.280
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2015-06-02 HOLD Lorne Steinberg

The whole Canadian banking sector, on a price/earnings ratio, is not expensive. They all offer solid dividends. The Canadian economy is suffering somewhat and he thinks it will continue to suffer over the next couple of years. This is partly due to commodities and partly due to housing. Rising rates are going to hit Canada as some point in time. Bank earnings are going to be down possibly 10% over the next couple of years.


Price:
$66.170
Subject:
Deep Value Global Equities
Bias:
UNKNOWN
Owned:
Unknown
2015-06-01 COMMENT Bruce Campbell (1)

If you were going to buy a bank for a 10 year hold, he would probably pick this one. Including dividend and growth in dividend, it will probably double over that time frame.


Price:
$65.880
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2015-05-28 COMMENT Paul Harris, CFA

Great dividend yield.  One of the problems is that people give it a higher multiple because of their emerging market assets.  Because that area is now very tough people have stepped back from it.  The volatility in those markets should help these guys when they make acquisitions.  Their Canadian franchise isn’t as good as other Canadian Banks.


Price:
$64.570
Subject:
NORTH AMERICAN/GLOBAL
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Unknown
2015-05-26 TOP PICK Norman Levine

This is his only Canadian bank. It is the cheapest of the Canadian banks, with the second-highest yield of 4.24%. Investors don’t like the fact that it has a lot of operations in Latin America and in Asia, whereas he loves that. That is going to be where the growth is. He doesn’t want a bank that has a lot of Canadian exposure because of headwinds on weak energy prices.


Price:
$64.210
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-05-22 COMMENT Bill Carrigan

Compared to the financial sector, it has been a relative performer in the 1st part of 2014, but slightly underperformed this year. Thinks the banks are going to do okay. He would suggest that you buy a basket through an ETF.


Price:
$64.610
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2015-05-22 COMMENT David Cockfield

This could be categorized as probably the most conservative Canadian large bank. Have always been extremely cautious. The one problem they might have is that they are not into the financials in terms of new issues, etc. as some of the other banks. This means that with their conservatism, you are not going to get surprised on the upside or downside. The kicker is that their 25% of offshore has a much growthier aspect to it than you are going to get either in the US or Canada.


Price:
$64.610
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-05-19 HOLD Zachary Curry

Each bank tends to focus on their own little realm, and he really likes this for the international growth. Tends to be a bit more lumpy than most of the other banks. Over the longer term, the rates that they can charge in developing countries are a lot higher. This should continue to do well. Yielding close to 4% and doesn’t think there is a risk to the dividend.


Price:
$65.270
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-05-14 BUY Jim Huang

One of the most international banks in the Canadian group. They are in Mexico, South America, the Caribbean and a little bit in Asia. That should help them generate more growth than the pure Canadian banks. On the flipside, they also face some challenges in the jurisdictions. On the whole, he feels they provide a higher earning power and growth over the long-term. This is a core name that you should have in your portfolio.


Price:
$65.170
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2015-04-23 BUY on WEAKNESS Greg Newman

Has had a big move since the March lows. The game in financials right now is about cost cutting. Government is going to increase taxes on shadow dividends, which is going to knock another 1% off his 2016 estimates on the banking group in general. Banks are a good group. Dividends are high. You are probably going to have a better time to Buy over the next couple of months.


Price:
$66.840
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
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