BANK OF NOVA SCOTIA UPDATE
BANK OF NOVA SCOTIA WINDOWS

We'll compare these two stocks along three dimensions: financials, dividend strength and safety and COVID-19 impact and response. Toronto-Dominion Bank VS Bank of Nova Scotia

BANK OF NOVA SCOTIA UPDATE

What's more, in the future I am planning to extend this to all of Canada's Big Five and regularly update these once a quarter.

I have exported all kind of financial data into Excel and order to be able to build some compelling visualizations for this comparison. Source: Designed by author image source: Wikipedia The Journal Pioneer Two of Canada's illustrious Big Five banks (Bank of Nova Scotia (NYSE: BNS), Toronto-Dominion Bank ( NYSE: TD), Canadian Imperial Bank of Commerce (NYSE: CM), Royal Bank of Canada (NYSE: RY) and Bank of Montreal (NYSE: BMO), namely TD Bank and the Bank of Nova Scotia, currently command the biggest share in my portfolio and thus I want to examine which stock is the better buy right now.

BANK OF NOVA SCOTIA WINDOWS

The windows of golden 'no-brainer' buying opportunities may have been closed now but these stocks are still providing promising long-term opportunities.

Canadian banks with their century-long dividend track records have been acting as a pillar of stability and reliable dividend growth.Īmid the pandemic stock prices have retreated sharply and recovered roughly 50% of the drop so far. With a team of approximately 90,000 employees and assets of approximately $1.2 trillion (as at October 31, 2021), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).Dividend stocks are the cornerstone of my portfolio and the Canadian banks are an important contributor. Guided by our purpose: 'for every future', we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. This transaction supports Scotiabank's strategic focus on operations across its footprint where it can achieve greater scale and deliver the highest value for customers.Ībout Scotiabank Scotiabank is a Leading Bank in the Americas. The transaction will add approximately CAD 35 million per quarter to the Bank's earnings and be immediately accretive to earnings per share. On closing the Bank will pay CAD 650 million in cash and issue 7 million shares to Grupo Said impacting Scotiabank's Common Equity Tier 1 capital ratio by approximately 10 basis points.

The transaction is valued at approximately CAD 1.3 billion. 'Our long-standing relationship with the Said family will remain a significant benefit to us as we build on our momentum in Chile over the coming years.' 'Today's announcement enables us to achieve even greater scale and deliver the highest value for customers, further strengthening our position as a Leading Bank in the Americas,' said Brian Porter, President and CEO, Scotiabank. The transaction is subject to customary closing conditions and regulatory approvals. 28, 2022 /CNW/ - The Bank of Nova Scotia ('Scotiabank' or the 'Bank') announced today that it has reached an agreement to acquire Grupo Said's remaining 16.8% stake in Scotiabank Chile increasing its ownership in the Chilean entity to 99.8%.

Bank of nova scotia