BNS Stock Recent News

Opportunistic capital raise on attractive terms Accelerates capital and earnings improvement; capital raise estimated to result in pro forma CET1 of 12.4% Further strengthens Key's capacity for growth  CLEVELAND , Aug. 12, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced it has reached an agreement under which The Bank of Nova Scotia ("Scotiabank") (TSX: BNS) (NYSE: BNS) will make a strategic minority investment in KeyCorp of approximately $2.8 billion, representing approximately 14.9% pro forma common stock ownership, for a fixed price of $17.17 per share. "Scotiabank approached us with a unique opportunity to raise capital on attractive terms.

In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high likelihood of a rate cut in September, but too much speculation is happening beyond that date. Time is ticking on that FOMC meeting.

Bank of Nova Scotia has paid a dividend every year since 1833, and it yields 6.6%. Agree Realty has increased its dividend for roughly a decade, and its yield is 4.5%.

With the S&P 500 index near all-time highs, the risk of a downturn in stocks seems elevated to me. Bank of Nova Scotia has a differentiated business model that isn't focused on the U.S. market.

Bank of Nova Scotia offers ultra-yield, ultra-sleep-well-at-night bargains with a legendary history of income dependability. BNS has been paying uninterrupted dividends for 191 years, with no cuts in almost two centuries. Its A+ credit rating from Fitch, S&P, and Moody's means it's the 26th safest bank on earth. S&P rates its risk management 82% as "perfect" and in the top 80 companies on earth.

Passive income can help supplement Social Security in retirement. Agree Realty is a net lease REIT with plenty of growth ahead of it.

Scotiabank appears to be an interesting option for safe, outsized, and steadily growing income. The Canadian bank beat the analyst consensus for revenue and adjusted EPS in its fiscal Q2. BNS' Common Equity Tier 1 capital ratio meaningfully improved during the quarter.

Canadian banks tend to have conservative businesses, but things don't always go perfectly. Toronto-Dominion is dealing with an ugly money-laundering probe that has investors worried.

The Bank of Nova Scotia (NYSE:BNS ) TD Financial Services and Fintech Summit Conference June 6, 2024 9:45 AM ET Company Participants Francisco Aristeguieta - Group Head of International Banking Conference Call Participants Mario Mendonca - TD Securities Mario Mendonca Good morning, everyone. So now we've got Francisco, Head of Scotiabank's, Group Head of Scotiabank's International Banking.

Higher provisions and an increase in non-interest expenses hurt Bank of Nova Scotia's (BNS) fiscal Q2 earnings, while a rise in revenues and loan balance offer some support.