Key Takeaways The Bank of Nova Scotia on Tuesday reported third-quarter profit below what analysts expected, with elevated costs offsetting improved revenue. Revenue rose nearly 4% year-over-year, but profit dropped roughly 13% due to the higher costs and provisions for credit losses. Scotiabank CEO Scott Thomson noted the bank's recent investment in KeyCorp as a potential growth opportunity that can improve the company's overall profitability. The Bank of Nova Scotia (BNS) on Tuesday reported higher third- ...

| --- | --- | |--------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Bank of Nova Scotia - Bank of Nova Scotia has paid a dividend every year since 1833, currently offering a high dividend yield of 6.5%, significantly above the bank average of around 2.5% [2][4] - The bank is currently lagging behind peers in key metrics such as earnings-per-share growth and return on equity, but management is addressing these issues by shifting focus to stronger markets [3][4] - The bank's growth efforts in South America have not met expectations, but its strong foundational position in the Canadian banking sector, supported by strict regulations, mitigates risks [5][6] Group 2: Realty Income - Realty Income is the largest net lease REIT with a market cap of $50 billion, providing it with significant advantages in handling large transactions and accessing capital markets [6][7] - The REIT has a consistent dividend yield of 5.2%, with payouts increased annually for nearly three decades, making it appealing for income-focused investors [8] - Realty Income's scale and investment-grade rating allow it to maintain a low cost of capital, enabling profitable deals that smaller competitors may not be able to pursue [7][8] Group 3: Investment Appeal - Both Bank of Nova Scotia and Realty Income present attractive investment opportunities, with the former positioned to navigate its turnaround while rewarding investors, and the latter offering a reliable yield and strong market position [9]

Wall Street expects a year-over-year decline in earnings on higher revenues when Bank of Nova Scotia (BNS) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 27, 2024, might help the stock move higher if these key numbers are better tha ...

Jerome Maurice Written by Nick Ackerman For some background on this monthly publication, here is my view on dividend growth stocks: Dividend growth stocks aren't always the most exciting investments out there. They often aren't grabbing the headlines, and they aren't the stocks running up hundreds of percentages in a year. In fact, they are often some of the least exciting stocks. And that is precisely their strongest selling point. With such a vast world of dividend growth stocks available out there, it is ...

Deagreez This is a hectic week for economic data and essential eamings. · Wholesale inflation · Wholesaic · Inflation · Walmart (WMT) earnings - state of the consumer · Retail sales · Weekly jobless claims With volatility collapsing after last week's historic carry trade freak out on Monday, the market is poised for either major tailwinds or headwinds. CBOE VIX INDEX +4.05 20.65 10 Days VIX 65.66 40.74 15.81 30 31 2 5 6 Aug 2024 1 8 9 12 Jul 2024 Bloomberg Consider Nvidia (NVDA), which makes up 5% of the S& ...

I like to sleep well at night no matter what is going on the market, and this unique Canadian banking giant lets me do just that. If there's one thing on Wall Street that I know I can count on, it's that bull markets are going to be followed by bear market crashes. It's just the natural cycle of things, which is why I start to get a little nervous when the S&P 500 is trading near all-time highs, like it is today. Since I don't know what's going to happen in the future, I try to find ways to offset the risk ...

Core Viewpoint - Scotiabank (BNS) has demonstrated strong financial performance in its fiscal second quarter, outperforming analyst expectations and maintaining a solid growth outlook despite some challenges in the market [1][16]. Financial Performance - BNS reported a revenue increase of 4.9% year-over-year to $6.1 billion in the fiscal second quarter, exceeding the analyst consensus by $30 million [2][16]. - The Canadian banking segment saw a 7% revenue rise, driven by a 12% growth in net interest income, although there was a 1% decrease in loans [2]. - The International Banking segment's revenue grew by 9%, with net interest income increasing by 14% [2]. - The Global Wealth Management segment also posted a 9% revenue growth, attributed to higher brokerage revenue and mutual fund fees [2]. - The Global Banking and Markets segment experienced a 2% revenue decline, but net income increased by 7% due to improved productivity [2]. Earnings and Valuation - BNS' adjusted EPS decreased by 7.2% year-over-year to $1.16, which was still $0.02 above the analyst consensus [2]. - The current P/E ratio for BNS is 9.6, below its 20-year average of 11.8, indicating a potentially attractive valuation [3]. - A fair value estimate of $52 per share suggests a 13% discount to the current share price of $45, with potential for 46% cumulative total returns by October 2026 [3]. Dividend Information - BNS offers a forward dividend yield of 6.7%, significantly higher than the financial sector's 3.7% yield, earning an A grade for forward dividend yield [6]. - The company has a long history of dividend payments since 1833, reflecting its resilience as a dividend payer [6]. - The expected payout ratio for FY 2024 is 65.8%, which is above the preferred 50% ratio, but growth in adjusted EPS is anticipated to allow for smaller raises while restoring the payout ratio [6]. Client Growth and Market Position - BNS added 95,000 net new primary clients in the first half of the fiscal year, with the lowest client attrition rate in three years [2]. - Over 45% of retail clients hold at least three products from BNS, indicating strong customer relationships [2]. - The company is well-positioned in the market, with improving financial health and a commitment to quality products and services [7].

Group 1: Toronto-Dominion Bank (TD Bank) - Toronto-Dominion Bank is currently facing significant challenges, including a $450 million provision for losses and potential fines up to $4 billion due to financial probes related to money laundering [2][10] - Despite these issues, TD Bank is expected to recover and continue its long-term growth, particularly in the U.S. market after resolving current problems [3] - The stock has declined nearly 15% this year, resulting in a historically high dividend yield of 5.3%, compared to the average U.S. bank yield of around 2.8% [10][12] Group 2: Bank of Nova Scotia (Scotiabank) - Scotiabank is adjusting its strategy by focusing on more promising opportunities in Mexico while considering exiting less attractive markets like Colombia [5] - The bank's Tier 1 capital ratio has improved to 13.2%, indicating strong resilience and positioning for future growth despite current challenges [6] - Scotiabank has a high dividend yield of 6.6%, reflecting its struggles with earnings growth and return on equity, but it remains a conservative player in the heavily regulated Canadian banking sector [13][15]

Good morning, everyone. So now we've got Francisco, Head of Scotiabank's, Group Head of Scotiabank's International Banking. Francisco, thank you very much for joining us this morning. Now what does that entail? We have a ways to go in Canada, so you're going to see us prioritizing capital investment and deployment in Canada above U.S. and above Mexico. generated this need for the U.S. to support Mexico out of the crisis. I think it's proven to be a brilliant decision. I think Mexico's destiny was changed wi ...