Good time to buy Canada’s big banks

The shares of Canada’s big five banks have moved down recently, mainly due to fears that a slowing economy and rising interest rates will cut demand for new loans. However, each of the five continue to lower their costs and expand outside of Canada. That… Read More

Savvy acquisitions set to spur their dividends

BANK OF NOVA SCOTIA $69 (Toronto symbol BNS; Income-Growth Portfolio, Finance sector; Shares outstanding: 1.2 billion; Market cap: $82.8 billion; Dividend yield: 4.9%; Dividend Sustainability Rating: Above Average; www.scotiabank.com) is the third-largest of Canada’s five big banks with assets of $946.7 billion.
Bank of Nova Scotia last raised its… Read More

BNS purchase targets key market

BANK OF NOVA SCOTIA $74 (Toronto symbol BNS; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.2 billion; Market cap: $88.8 billion; Price-to-sales ratio: 3.6; Dividend yield: 4.5%; TSINetwork Rating: Above Average; www.scotiabank.com) continues to expand its wealth management operations, which supply 12% of its total… Read More

Good time to buy more of this bank

Bank of Nova Scotia has recently announced several big strategic acquisitions. Still, buying new businesses to expand adds risk, and the bank will have to sell new shares to pay for them.
As a result, Scotiabank has dropped 4% in the past year, compared to share-price… Read More

BNS deal taps key niche

BANK OF NOVA SCOTIA $74.36 (Toronto symbol BNS; Shares o/s: 1.2 billion; Market cap: $89.1 billion; TSINetwork Rating: Above Average; Dividend yield: 4.4%) is the third largest bank in Canada.
It will now buy MD Financial Management, which sells wealth management services to Canadian medical doctors, their… Read More