Core Viewpoint - Dynamic has announced estimated year-end reinvested distributions for its Active ETFs and ETF Series for the 2025 tax year, with final amounts expected to be announced around December 30, 2025 [1][3]. Group 1: Estimated Distributions - The estimated year-end distributions will be reinvested in additional units of the respective Dynamic Active ETFs and ETF Series, with no cash distribution amounts included for December [2]. - The estimated reinvested distribution amounts per unit for various ETFs are provided, with notable figures such as: - Dynamic Active Canadian Dividend ETF: 0.69580 CAD - Dynamic Active Global Dividend ETF: 10.99750 CAD - Dynamic Active U.S. Dividend ETF: 4.49560 CAD [4]. Group 2: Distribution Details - The record date for the 2025 year-end distributions is set for December 30, 2025, with payments scheduled for January 5, 2026 [3]. - The actual taxable amounts of reinvested distributions, including tax characteristics, will be reported to CDS Clearing and Depository Services Inc. in early 2026 [3]. Group 3: Company Overview - Dynamic is a division of 1832 Asset Management L.P., offering a range of wealth management solutions, including mutual funds and actively managed ETFs [6].

Core Insights - Scotia Global Asset Management announced estimated year-end cash distributions for Scotia ETFs listed on the Cboe Canada Exchange for the 2025 tax year, with final amounts expected to be announced around December 30, 2025 [1][2] Estimated Cash Distributions - The estimated cash distribution amounts per unit for various Scotia ETFs are as follows: - Scotia Canadian Bond Index Tracker ETF (SITB): $0.05081 - Scotia Canadian Large Cap Equity Index Tracker ETF (SITC): $0.20632 - Scotia Emerging Markets Equity Index Tracker ETF (SITE): $0.22310 - Scotia International Equity Index Tracker ETF (SITI): $0.21930 - Scotia Responsible Investing Canadian Bond Index ETF (SRIB): $0.07930 - Scotia Responsible Investing Canadian Equity Index ETF (SRIC): $0.16474 - Scotia Responsible Investing International Equity Index ETF (SRII): $0.17180 - Scotia Responsible Investing U.S. Equity Index ETF (SRIU): $0.11310 - Scotia U.S. Equity Index Tracker ETF (SITU): $0.12243 [3] Company Overview - Scotia Global Asset Management is a business name used by 1832 Asset Management L.P., which is wholly owned by Scotiabank, offering a range of wealth management solutions including mutual funds and ETFs [5] - Scotiabank, with approximately $1.5 trillion in assets as of October 31, 2025, is one of the largest banks in North America and is listed on both the Toronto Stock Exchange and the New York Stock Exchange [6]

Core Insights - The Bank of Nova Scotia (NYSE:BNS) is recognized for its strong presence in the Caribbean and offers a dividend yield of 4% [1] - The company reported Q4 2025 earnings with a non-GAAP EPS of C$1.93, exceeding estimates by C$0.09, and generated revenue of C$9.8 billion, reflecting a 15% year-over-year increase [1] - For the full year, the net income was $7.758 billion, slightly down from $7.892 billion in the previous year, while adjusted net income rose to $9.510 billion from $8.627 billion [2] - The total revenue for the year was $37.741 billion, an increase from $33.670 billion in the prior year [3]

Group 1: Bank of Nova Scotia - The Bank of Nova Scotia is considered a "very good" company by Jim Cramer, who highlighted its better-than-expected fourth-quarter results [1] - Bank of Nova Scotia shares gained 0.4% to close at $72.92 [6] Group 2: Strategy Inc - Bernstein analyst Gautam Chhugani maintained an Outperform rating for Strategy Inc but lowered the price target from $600 to $450 [2] - Strategy shares fell 0.7% to settle at $183.30 [6] Group 3: AST SpaceMobile, Inc. - Cramer described AST SpaceMobile as speculative, indicating potential for significant losses [2] - AST SpaceMobile shares rose 7.2% to settle at $84.75 [6] - The company announced the addition of two new manufacturing sites in Texas and Florida [2] Group 4: DexCom, Inc. - Cramer expressed a lack of interest in owning DexCom, despite Citigroup analyst Joanne Wuensch maintaining a Buy rating and raising the price target from $75 to $77 [3] - Dexcom shares gained 2% to close at $68.94 [6] Group 5: NRG Energy - Cramer recommended buying NRG Energy, citing its nuclear component and strong management [3] - UBS analyst William Appicelli initiated coverage on NRG Energy with a Buy rating and a price target of $211 [3] - NRG Energy shares rose 1.5% to settle at $170.64 [6] Group 6: MercadoLibre, Inc. - Cramer endorsed MercadoLibre as a buy, calling it "such a good company" [4] - BTIG analyst Marvin Fong reiterated a Buy rating on MercadoLibre with a price target of $2,750 [4] - MercadoLibre shares gained 2.5% to close at $2,019.81 [6]

Group 1 - The core viewpoint is that Scotiabank has lowered the target price for Oracle Corporation from $360 to $260 [1]

Core Viewpoint - The article highlights three high-yield stocks—Enterprise Products Partners, Bank of Nova Scotia, and W.P. Carey—as attractive investment options for reliable income as 2025 approaches. Group 1: Enterprise Products Partners - Enterprise Products operates in the midstream energy sector, which is less volatile compared to other energy segments, focusing on energy infrastructure assets [4][6]. - The company has a market capitalization of $71 billion, a current price of $32.61, and a dividend yield of 6.62%, with a history of increasing distributions for 27 consecutive years [5][6]. - Enterprise's distributable cash flow covers its distribution by approximately 1.7 times, indicating strong financial health and resilience against potential downturns [7]. Group 2: Bank of Nova Scotia - Bank of Nova Scotia offers a dividend yield of 4.5% and has a long history of paying dividends since 1833, emphasizing its commitment to reliable income [8][12]. - The bank is undergoing a strategic overhaul, exiting less desirable markets and increasing its U.S. exposure through partnerships, which may enhance its growth prospects [10][12]. - Despite recent challenges, the dividend was maintained in 2024 and increased again in 2025, reflecting management's confidence in the turnaround strategy [12]. Group 3: W.P. Carey - W.P. Carey, a net lease REIT, is transitioning from a focus on office properties to industrial, warehouse, and retail sectors, which is expected to drive future growth [13][14]. - The REIT's adjusted funds from operations (FFO) increased by 6.5% year-over-year in Q3 2025, and it has raised its full-year guidance for 2025 [16]. - W.P. Carey currently has a dividend yield of 5.36%, which is above the market average, and has resumed increasing its dividend after a strategic reset [17].

Core Viewpoint - Bank of Nova Scotia (BNS) has received a Zacks Rank upgrade to 2 (Buy), indicating a positive outlook based on rising earnings estimates, which are a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system tracks earnings estimates from sell-side analysts, and changes in these estimates are strongly correlated with near-term stock price movements [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, which can drive stock price movements [4]. Recent Performance and Outlook - Bank of Nova Scotia's earnings estimate for the fiscal year ending October 2026 is projected at $5.77 per share, with a 1.9% increase in the Zacks Consensus Estimate over the past three months [8]. - The upgrade reflects an improvement in the company's underlying business, which is expected to positively influence its stock price [5]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a "Strong Buy" or "Buy" rating, indicating superior earnings estimate revisions [9][10]. - The upgrade to Zacks Rank 2 positions Bank of Nova Scotia among the top 20% of stocks covered by Zacks, suggesting potential for market-beating returns in the near term [10].

Group 1 - Bank of Nova Scotia (BNS) has gained approximately 31.2% year-to-date, outperforming the average return of 15.8% for Finance companies [4] - The Zacks Consensus Estimate for BNS' full-year earnings has increased by 1.9% over the past three months, indicating improved analyst sentiment and earnings outlook [3] - BNS belongs to the Banks - Foreign industry, which has an average year-to-date gain of 48.9%, suggesting that BNS is slightly underperforming its industry [6] Group 2 - Bankwell Financial Group, Inc. (BWFG) has returned 52.8% year-to-date, significantly outperforming both the Finance sector and its own industry [4] - The consensus EPS estimate for BWFG has increased by 6.9% over the past three months, reflecting positive analyst sentiment [5] - The Banks - Northeast industry, to which BWFG belongs, has moved up by 7.4% year-to-date, ranking 63 in the Zacks Industry Rank [7]

Group 1 - The target price for Merck & Co. has been raised from $105 to $120 by Scotiabank, maintaining an "Outperform" rating [1]

Scotiabank Performance Summary - Revenue for the latest quarter reached $9.80 billion, an increase from $8.53 billion in the same quarter last year [1] - The provision for credit losses was $1.11 billion, up from $1.03 billion a year ago [1] - Adjusted earnings per diluted share were $1.93, compared to $1.57 in the same quarter last year, exceeding analyst expectations of $1.84 [1] Business Segment Performance - Global wealth management reported net income of $447 million, up from $380 million year-over-year [2] - Global banking and markets earned $519 million, an increase from $347 million a year ago [2] - Canadian banking operations earned $941 million, slightly up from $934 million in the same quarter last year [3] - International banking arm's net income was $634 million, up from $600 million year-over-year [3] National Bank Performance Summary - National Bank reported a fourth-quarter profit of $1.06 billion, up from $955 million a year ago [5][9] - Revenue for the quarter was $3.70 billion, an increase from $2.94 billion in the same quarter last year [7] - Adjusted earnings per diluted share were $2.82, compared to $2.58 in the same quarter last year, surpassing analyst expectations of $2.62 [7] National Bank Business Segment Performance - Personal and commercial banking group earned $319 million, down from $327 million year-over-year [10] - Wealth management business earned $258 million, up from $219 million [10] - Capital markets arm reported earnings of $432 million, an increase from $306 million [10] - U.S. specialty finance and international operations earned $174 million, up from $157 million year-over-year [10] Royal Bank of Canada Performance Summary - Royal Bank of Canada reported a profit of $5.43 billion for the quarter, up from $4.22 billion a year ago [13][14] - Revenue for the quarter was $17.21 billion, an increase from $15.07 billion [14] - The bank increased its quarterly dividend to $1.64 per share, up from $1.54 [13]