Founded in Halifax, Nova Scotia in 1832, The Bank of Nova Scotia, Toronto exchange symbol BNS, is Canada’s third-largest bank by assets. It is also commonly known as Scotiabank.
Bank of Nova Scotia is one of our top picks among Canada’s big-five banks, due to its wide international exposure. The Bank of Nova Scotia has four major business units, Canadian Banking, International Banking, Global Wealth & Insurance, and Global Banking & Markets.
We believe Canada’s big banks are still well positioned to weather any downturn in the Canadian economy, contrary to some pessimistic forecasts on the banks’ prospects in the business media. They trade at attractive multiples to earnings and continue to raise their dividends. Canadian banks are perfect for investors who are looking for a long-term investment in the Finance sector.
Bank of Nova Scotia was our TSI Network #1 Stock Pick of the Year in 2013 and our #1 Safety-conscious Buy for 2014. Canadian banks are some of our most recommended stock picks. Investors should consider adding them to their long-term investment portfolios and also keep TSI Network’s three-part Successful Investor philosophy in mind:
Discover how to build a winning portfolio with Canadian stocks in this free special report, Canadian Stock Market Basics: How to Trade Stocks and Make Good Investments in Canada, from TSI Network. And it’s yours FREE!
We’ve long said that the top five Canadian banks tend to leapfrog each other in investment desirability. That’s why we suggest that most Canadians own two or even three of them—including Bank of Nova Scotia. Its cheap price, prospects for growth and its high yield… Read More
ROYAL BANK OF CANADA, $148.98, Toronto symbol RY, is a buy.
On March 28, 2024, Royal completed its purchase of the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC) for $15.5 billion.
HSBC operates 130 branches that mainly cater to businesses in industries that trade… Read More
Mean reversion strategies are easy to understand, but that doesn’t mean you can make money
Mean reversion strategies assume big moves will eventually reverse, at least in part. That’s in contrast to momentum strategies, which assume big moves will continue in the same direction for lengthy… Read More
BANK OF NOVA SCOTIA, $63.68, is a buy. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $77.8 billion; TSINetwork Rating: Above Average; Divd. yield: 6.7%; www.scotiabank.com) recently announced that it was shifting its business away from under-performing Latin American markets (Mexico, Peru, Colombia… Read More
TC ENERGY INC., $49.73, Toronto symbol TRP, remains a buy.
TC generates steady cash flow for investors mainly through a 93,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and nine… Read More
A: Hamilton Enhanced Canadian Bank ETF, $21.04, symbol HCAL on Toronto (Units outstanding: 25.3 million; Market cap: $532.3 million; hamiltonetfs.com), aims to track the Solactive Canadian Bank Mean Reversion Index.
This index invests in the biggest six Canadian banks—Bank of Nova Scotia, Bank of Montreal, CIBC,… Read More
ROYAL BANK OF CANADA, $131.94, Toronto symbol RY, is a buy.
Due to concerns over rising interest rates and inflation, Canada’s largest bank by market cap continues to set aside more funds to cover potential loan losses.
In its fiscal 2024 first quarter, ended January 31, 2024, loan-loss… Read More
Canadian Tire has offered our investors so much more than hammers and nails. The stock’s up over 931% since we first recommended it in The Successful Investor in April 1995.
A strong long-term growth plan that includes store, online business and private-label brand upgrades should… Read More
Canadian Tire has offered our investors so much more than hammers and nails. The stock’s up over 945% since we first recommended it in The Successful Investor in April 1995.
A strong long-term growth plan that includes store, online business and private-label brand upgrades should… Read More
BANK OF NOVA SCOTIA, $63.32, Toronto symbol BNS, remains a buy.
Bank of Nova Scotia last raised your quarterly dividend with the July 2023 payment. Investors now receive $1.06 a share, up 2.9% from $1.03. The new annual rate of $4.24 yields a high 6.7%.
In the… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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TSI Network does everything possible to prevent unauthorized intrusion to its websites and the alteration, acquisition or misuse of personal information by unauthorized persons. Notably passwords submitted by users of our websites are encrypted using encryption mechanisms. However, TSI Network cautions visitors to its websites that no network, including the Internet, is entirely secure. Accordingly, we cannot be responsible for loss, corruption or unauthorized acquisition of personal information provided to our websites, or for any damages resulting from such loss, corruption or unauthorized acquisition.
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What Choices Do I Have?
Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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