BNS
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 »
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 $52 (www.scotiabank.com) will get $60 million in earnings from Scotiabank Mexico, its Mexican subsidiary, in its current quarter; Bank of Nova Scotia earned $1.5 billion, or $1.36 a share, in the quarter ended April 30, 2011. The Mexican operation’s latest earnings are down 1.9% from a year earlier, because higher operating costs offset lower loan-loss provisions. …read more »
We’ve long recommended that all Canadian investors own shares of two or more of the big-five Canadian banks. That’s mainly because of the banks’ importance to Canada’s economy.
However, each of the big five banks have different objectives, so they’re not all suitable for every investor.
Dividend paying stocks: Scotia is Canada’s most international bank
For example, Bank of Nova Scotia, Canada’s …read more »
BOMBARDIER INC. (Toronto symbols BBD.A $6.70 and BBD.B $6.69; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.7 billion; Market cap: $11.4 billion; Price-to-sales ratio: 0.6; Dividend yield: 1.5%; TSINetwork Rating: Average; www.bombardier.com) continues to win new railcar contracts.
The company recently won a nine-year deal to build 200 diesel locomotives for DB Regio AG, which operates public-transit systems …read more »
BANK OF NOVA SCOTIA $59.55 (Toronto symbol BNS: Shares outstanding: 1.0 billion; Market cap: $61.9 billion; TSINetwork Rating: Above Average; Div. yield: 3.5%, www.scotiabank.com) is the third largest of Canada’s five big banks, with assets of $541.3 billion.
In the three months ended January 31, 2011, the bank earned a record $1.2 billion, or $1.07 a share. That’s up 18.8% from …read more »
Bank of Nova Scotia is still our favourite pick for safety-conscious investors among the big-five banks. Its record earnings in the latest quarter reflect its focus on lower-risk lending, and it has avoided large investments in the U.S. in favour of developing markets. That has resulted in strong gains for investors — including a dividend increase.
BANK OF NOVA SCOTIA $59.55 …read more »
CANADIAN PACIFIC RAILWAY LTD. $66.56 (Toronto symbol CP; Shares outstanding: 169.1 million; Market cap: $11.3 billion; TSINetwork Rating: Average; Dividend yield: 1.6%; www.cpr.ca) reports that its earnings rose 18.3% in 2010, to $650.7 million from $550.0 million in 2009. Earnings per share rose 16.7%, to $3.85 from $3.30, on more shares outstanding.
If you exclude unusual items, such as foreign-exchange …read more »
Canada’s big five banks have posted strong results since the 2007-2009 financial crisis. All five should have no trouble complying with new international regulations aimed at avoiding another crisis. As well, their strength is helping them buy other financial companies in the U.S. and other countries, often at bargain prices.
ROYAL BANK OF CANADA $53 (Toronto symbol RY; Conservative Growth …read more »
BANK OF NOVA SCOTIA $56.06 (Toronto symbol BNS: Shares outstanding: 1.0 billion; Market cap: $58.3 billion; TSINetwork Rating: Above Average; Dividend yield: 3.5%; www.scotiabank.com) continues to expand in South America.
The bank recently announced two purchases in Uruguay: Nuevo Banco Comercial (Uruguay’s fourth-largest private bank by loans and deposits), and Pronto! (the country’s third-largest consumer-finance company).
Bank of Nova Scotia did not …read more »
