BNS Stock Recent News

As a proud Canadian, it bothers me that Canadian airlines rank last for on-time arrivals in North America. While not surprising, given most Canadians aren't known for seeking competence from their duopolistic domestic businesses, American investors are wise to put Canadian airline stocks at the top of their list of Canadian stocks to avoid.

Success in investing comes from tapping into the talents around us for financial gain. We like to achieve it passively through dividends. Warren Buffett's portfolio has always been over-allocated to banking institutions as he sees it as a "forever" industry. Load up on big sustainable dividends from Scotiabank and U.S. Bancorp at these massive discounts.

CLMB, SONO and BNS have been added to the Zacks Rank #5 (Strong Sell) List on December 1, 2023.

FLNT, BNS and ISDR have been added to the Zacks Rank #5 (Strong Sell) List on November 30, 2023.

Elevated expenses, higher provisions and a lower loan balance adversely impacted Bank of Nova Scotia's (BNS) fiscal Q4 2023 results. However, a rise in revenues supported results to some extent.

Toronto-Dominion Bank is one of the largest banks in Canada and it has a sizable and growing position in the U.S. market. Bank of Nova Scotia is a big Canadian bank with a unique footprint in South America.

Bank of Nova Scotia (TSX:BNS) (Scotiabank (TSX:BNS)) shares fell 4% to C$57.76 in midday trading on Tuesday after the Big Canadian bank announced fourth quarter adjusted earnings per share (EPS) that declined 36% year over year to $1.26, falling far short of the $1.65 forecast, according to LSEG data.  Its expenses for the period, meanwhile, rose 10% on an adjusted basis, driven by higher salaries and other costs, which increased more than its revenue that grew to $8.31 billion from $7.63 billion during the same period last year.

The Bank of Nova Scotia (BNS) Q4 2023 Earnings Call Transcript

The right way to play recessions is to not "play" them at all; focus on owning world-class dividend blue chips in a diversified portfolio. Dividends are like royalty, returning your money and reducing the risk of losing it over time. Bank of Nova Scotia, aka Scotiabank, is a reliable investment with a 7% yield and a strong track record of dividend stability.

Americans are increasingly worried about job losses, and long-term inflation expectations are at a 12-year high. Leading economic indicators suggest a potential recession within three months, while unemployment is predicted to rise, and stagflation is a concern. A-rated ultra-yielding SWANs are a great way to invest money wisely during a high uncertainty period. Rock-solid balance sheets, great risk management, and safe ultra-yield is always in fashion.