BNS Stock Recent News

Royal Bank of Canada has an attractive yield but is one of the banks most exposed to its home market of Canada. Bank of Nova Scotia's yield is well above average if you can handle a repositioning story.

Canadian lender Bank of Nova Scotia on Tuesday warned that upcoming elections in the U.S. and Mexico are creating political uncertainty, challenging the bank's long-term business decision-making ability.

Scotiabank has diversified business lines, strong performance in Latin America, and potential for growth in its wealth management segment. It's seen recent price momentum as well as business momentum, with growth in its deposit base, banking, and wealth management businesses. Yet, BNS remains undervalued with a dividend yield on the high end of its 10-year range, giving value and income investors an opportunity to add to this quality name.

The S&P 500 has risen back toward all-time highs, pushing the index's yield down to a paltry 1.3%. Bank of Nova Scotia, with a 6.2% yield, is revamping its business but remains committed to the dividend.

The Bank of Nova Scotia (BNS) NBF Annual Financial Services Conference Transcript

In today's article, I have highlighted two companies with high Dividend Yields that stand out as particularly appealing investment opportunities for this month of March. Among the two selected companies, one pays a Dividend Yield [FWD] of 3.59%, while the other provides investors with a Dividend Yield [FWD] of 6.39%. Beyond their attractive Dividend Yield and their ability to provide investors with dividend growth, their Valuation is attractive and both are financially healthy.

Elevated expenses, higher provisions for credit losses and a lower loan balance affected Bank of Nova Scotia's (BNS) fiscal Q1 2024 results. Nonetheless, a rise in revenues offered some support.

Bank of Nova Scotia (BNS) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.37 per share a year ago.

Investors interested in Banks - Foreign stocks are likely familiar with Bank of Nova Scotia (BNS) and Svenska Handelsbanken Ab Publ (SVNLY). But which of these two companies is the best option for those looking for undervalued stocks?

As 2023 passed with no recession materializing, many investors breathed a sigh of relief, which natively may not seem supportive of targeting high-yield dividend stocks growth. After all, with the economy booming and workers vigorously rejoining the labor market, equity sector participants may eschew passive income for outright capital gains.