BNS Stock Recent News

Poor investor sentiment has crushed Scotiabank over the past decade. Scotiabank is undervalued relative to competitors with similar business models and target markets. Intrinsic Value: $69.

The Bank of Nova Scotia is still reporting solid results - although earnings per share are declining a little bit due to higher provision for credit losses. And when looking on the surface, provision and allowance for credit losses is increasing, but we don't know what we could find under the surface. And several metrics and numbers are indicating that the rapidly rising interest rates could create problems for Canadian banks.

8%-Yielding Blue Chips Perfect For What's Coming Next

Investors with an interest in Banks - Foreign stocks have likely encountered both Banco Bilbao (BBVA) and Bank of Nova Scotia (BNS). But which of these two stocks presents investors with the better value opportunity right now?

Bank of Nova Scotia is a quality high-yielding pick for patient investors due to its strong track record and steady revenue growth. BNS has a sizable footprint in emerging growth Latin American countries, contributing to diversification. Recent financial performance has shown signs of improvement, with increased revenue and a strengthened balance sheet.

Certain value stocks, including REITs, utilities, and particular financials, have suffered in recent months. Canadian banks are ranked among the safest banks in the world and have not cut their dividends in nearly 200 years. These are the most dependable dividend stocks on earth. The current bear market in Canadian banks presents a buying opportunity with attractive yields and solid long-term growth prospects.

Higher provisions and expenses, a fall in net interest income, and a lower loan balance adversely impacted Bank of Nova Scotia's (BNS) Q3 results.

Bank of Nova Scotia (BNS) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.63 per share a year ago.

Investors looking for stocks in the Banks - Foreign sector might want to consider either UniCredit S.p.A. Unsponsored ADR (UNCRY) or Bank of Nova Scotia (BNS).

Bank of Nova Scotia was rated Buy today, more bullish than the consensus from analysts and the quant system. Positives: near 7% dividend yield, valuation below average, capital strength with 12.3% CET1 Ratio, share price well below moving average. Headwinds: earnings YoY growth and EPS YoY growth need improvement.