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BNS vs. CM: Which Stock Is the Better Value Option?
ZACKS· 2024-11-20 17:41
Investors looking for stocks in the Banks - Foreign sector might want to consider either Bank of Nova Scotia (BNS) or Canadian Imperial Bank (CM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets compa ...
3 Top High-Yield Bank Stocks to Buy in November
The Motley Fool· 2024-11-09 08:30
The average bank yields 2.5%. This trio of banks all yield well north of that figure as November gets underway.There's nothing wrong with going for the average and buying index funds when it comes to investing. But if you are trying to generate investment income you might want to go a more direct route. For example, the average bank yields around 2.5% today, using SPDR S&P Bank ETF (KBE 0.54%) as an industry proxy. KeyCorp (KEY -0.99%), Toronto-Dominion Bank (TD -0.23%), and Bank of Nova Scotia (BNS -0.31%) ...
BNS or RY: Which Is the Better Value Stock Right Now?
ZACKS· 2024-11-04 17:46
Core Viewpoint - The article compares Bank of Nova Scotia (BNS) and Royal Bank (RY) to determine which stock is more attractive to value investors [1] Group 1: Zacks Rank and Earnings Outlook - Bank of Nova Scotia has a Zacks Rank of 2 (Buy), while Royal Bank has a Zacks Rank of 3 (Hold), indicating a stronger earnings outlook for BNS [3] - The Zacks Rank focuses on companies with positive earnings estimate revisions, suggesting that BNS is likely experiencing a more favorable earnings outlook [3] Group 2: Valuation Metrics - BNS has a forward P/E ratio of 10.13, compared to RY's forward P/E of 12.76, indicating that BNS may be undervalued relative to RY [5] - The PEG ratio for BNS is 1.54, while RY's PEG ratio is 1.86, suggesting that BNS offers better value when considering expected earnings growth [5] - BNS's P/B ratio is 1.18, significantly lower than RY's P/B of 2.05, further supporting the argument that BNS is the more attractive value option [6] Group 3: Value Grades - BNS has a Value grade of B, while RY has a Value grade of D, indicating that BNS is perceived as a better value investment based on various financial metrics [6]
Want $300 in Dividends Every Month? Invest $20,000 in Each of These 3 Stocks
The Motley Fool· 2024-10-24 08:40
These dividend stocks all pay yields of around 6% and higher.Recurring dividend income can help boost your savings, help pay bills, and/or potentially even allow you to retire early. There's a significant incentive for building up a strong portfolio of high-yielding dividend stocks as the payoff could be huge in the long run.And while most dividend stocks only pay you every three months, you can create a stream of recurring monthly income by investing in at least three of them that pay at different times wi ...
Trade Alert: My Top Canadian Bank Pays High Dividends - Scotiabank
Seeking Alpha· 2024-10-19 14:30
Core Viewpoint - The article emphasizes the importance of understanding the stability and health of financial institutions when depositing money, highlighting the potential benefits of joining investment communities focused on high dividend opportunities [1] Group 1: Investment Community - High Dividend Opportunities (HDO) is presented as a leading community for income investors and retirees, boasting over 8,000 members [1] - The community offers an "Income Method" that aims to generate strong returns regardless of market volatility, simplifying retirement investing [1] - A limited-time discount of 17% on the annual membership price of $599.99 is being offered, along with a 14-day free trial [1]
2 High-Yield Financial Stocks to Buy Hand Over Fist and 1 to Avoid
The Motley Fool· 2024-09-29 09:12
It's dangerous to reach too far for yield, which is why you should avoid this one stock. But sometimes a high yield is an opportunity, too. If you're trying to live off the income your portfolio generates, it makes sense that you'd want to own high-yield stocks. But not all high-yield stocks are of the same quality. That's why you should probably avoid Annaly Capital Management (NLY 1.27%). But sometimes you can find real gems when you focus on yield, which is why you might want to buy TorontoDominion Bank ...
2 Ultra-High-Yield Dividend Stocks You Can Buy and Hold for a Decade
The Motley Fool· 2024-09-21 10:00
How does a yield of 5.5% sound? Or maybe you prefer 6%? Both are available from strong companies right now. If you are an income investor looking at the S&P 500's miserly 1.3% dividend yield and feeling glum, don't despair. You can find attractive higher-yielding stocks if you look hard enough. The list today includes W.P. Carey (WPC -1.39%) and its 5.5% yield and Bank of Nova Scotia (BNS 1.86%) and its 6% yield. Although both come with some warts, they are still the kinds of stocks that you can buy and hol ...
The Bank of Nova Scotia (BNS) Barclays 22nd Annual Global Financial Services Conference (Transcript)
Seeking Alpha· 2024-09-10 09:21
The Bank of Nova Scotia (NYSE:BNS) Barclays 22nd Annual Global Financial Services Conference September 9, 2024 2:00 PM ET Company Participants Aris Bogdaneris - Group Head of Canadian Banking Conference Call Participants Unidentified Analyst Good afternoon. Welcome back. We're just at the 2:00 time. This afternoon, to start off, we have Aris Bogdaneris, He's the Group Head of Canadian Banking at Scotiabank. So thanks, Aris. Welcome. Aris Bogdaneris Good day. Question-and-Answer Session Q - Unidentified Anal ...
Did This High-Yield Stock Just Change the Playing Field?
The Motley Fool· 2024-09-07 22:54
With a 6% dividend yield and a 150-year-plus history of paying dividends, this high-yield bank is looking to change the game it's playing. The average bank has a dividend yield of around 2.5%, using the SPDR S&P Bank ETF (NYSEMKT: KBE) as an industry proxy. What if you could own a bank with a yield of 6.1%? What if it was conservatively run, had a strong core business, and was a reliable dividend payer? You would probably jump at the chance to own a high-yield bank like that. No problem -- you can buy Bank ...
Big Banks Set To Soar, I Am Loading Up On Up To 8% Yields
Seeking Alpha· 2024-09-05 11:35
Juanmonino/E+ via Getty Images Total reserves at US banks ($B) (%) Total reserves ($B) ——— Reserves/gross Ioans (%) 250 2.0 200 1.8 150 100 1.6 50 0 1.4 Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4 01 Q2 Q1 Q1 2021 2022 2023 2024 Data compiled Aug. 12, 2024. Co-authored with Hidden Opportunities. During the months of clevated interest rates, we have heard about the growing loan loss provisions among U.S. banking institutions. In the second quarter, U.S. banks' reser S&P Global Banks set aside money as loan loss provisions to ...