Bank Of Nova Scotia
Toronto symbol BNS, is Canada's third-largest bank by assets.
BANK OF NOVA SCOTIA $52 (Toronto symbol BNS; Conservative Growth Portfolio, Finance sector; Shares outstanding: 1.1 billion; Market cap: $57.2 billion; Price-to-sales ratio: 2.1; Dividend yield: 4.0%; TSINetwork Rating: Above Average; www.scotiabank.com) is raising $1.7 billion by selling up to 33 million common shares for $50.25 each. The bank is also thinking about selling Scotia Plaza, its 68-storey office tower …read more »
TELUS $54.45 (Toronto symbol T.A; Shares outstanding: 324.5 million; Market cap: $17.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.3%; www.telus.com) continues to benefit from rising smartphone demand. Smartphone users now account for 48% of its wireless subscribers, up from 28% a year ago.
In the three months ended September 30, 2011, Telus added 114,000 new wireless subscribers, down 25.5% from …read more »
BANK OF NOVA SCOTIA $51.85 (Toronto symbol BNS: Shares outstanding: 1.1 billion; Market cap: $57.0 billion; TSINetwork Rating: Above Average; Dividend yield: 4.0%, www.scotiabank.com) earned $5.3 billion in the year ended October 31, 2011. That’s up 21.4% from $4.3 billion in 2010. Earnings per share rose 18.2%, to $4.62 from $3.91, on more shares outstanding.
Revenue rose 11.5%, to a record …read more »
BANK OF NOVA SCOTIA $49 (Toronto symbol BNS; Conservative Growth Portfolio, Finance sector; Shares outstanding: 1.1 billion; Market cap: $53.9 billion; Price-to-sales ratio: 2.0; Dividend yield: 4.2%; TSINetwork Rating: Above Average; www.scotiabank.com) remains our top pick among Canada’s big five banks. That’s mainly because it continues to expand in fast-growing regions like Latin America, South America and Asia. Its international …read more »
Canada’s big five banks avoided the problems with subprime mortgages and European sovereign debt that have crippled many of the world’s largest financial firms. The big banks are now using their strong balance sheets to make acquisitions, often at bargain prices, and to upgrade their holdings.
ROYAL BANK OF CANADA $45 (Toronto symbol RY; Conservative Growth Portfolio, Finance sector; Shares outstanding: …read more »
BANK OF NOVA SCOTIA $51.97 (Toronto symbol BNS: Shares outstanding: 1.1 billion; Market cap: $57.2 billion; TSINetwork Rating: Above Average; Div. yield: 4.0%, www.scotiabank.com) has agreed to buy 51% of Banco Colpatria, Colombia’s fifth-largest bank, with 175 branches and 308 ATMs.
Bank of Nova Scotia will pay $500 million U.S. plus 10 million common shares. That gives the deal a value …read more »
BANK OF NOVA SCOTIA $51.74 (Toronto symbol BNS: Shares outstanding: 1.1 billion; Market cap: $55.5 billion; TSINetwork Rating: Above Average; Div. yield: 4.0%, www.scotiabank.com) continues to build up its operations in China. The bank recently agreed to buy 19.99% of the Bank of Guangzhou; the Chinese government owns the remaining 80.01%. This bank is the 29th largest in China, with …read more »
Bank of Nova Scotia, Toronto symbol BNS, continues to benefit from its growing banking operations in the Caribbean, Latin America, South America and Asia.
Last week, Bank of Nova Scotia agreed to buy 19.99% of the Bank of Guangzhou; the Chinese government owns the remaining 80.01%. This bank is the 29th largest in China, with 84 branches.
Bank of Nova …read more »
BANK OF NOVA SCOTIA $54.53 (Toronto symbol BNS: Shares outstanding: 1.1 billion; Market cap: $58.1 billion; TSINetwork Rating: Above Average; Div. yield: 3.8%, www.scotiabank.com) is the third largest of Canada’s five big banks, with assets of $567.7 billion.
Excluding one-time items, the bank earned $1.14 a share in the quarter ended July 31, 2011. That’s up 16.3% from $0.98 a share …read more »
Bank of Nova Scotia is still our top pick among the big-five banks for safety-conscious investors. Its strong earnings in the latest quarter reflect its lower-risk lending and its focus on fast-growing developing markets. These strengths are more than offsetting rising costs and competition in Canada, as well as a rising Canadian dollar, which lowers the contribution of Scotia’s foreign …read more »
