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 ...

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 (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 ...

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 ...

Core Insights - The article discusses the current state of the U.S. banking sector, highlighting the impact of elevated interest rates on loan loss provisions and the potential for future earnings boosts as interest rates decline [3][4][11] - It emphasizes the undervaluation of regional banks and presents specific investment opportunities in financial sector funds and Canadian banks, particularly Scotiabank [5][9][11] Banking Sector Overview - U.S. banks have increased loan loss provisions to cover potential defaults, which reduces reported earnings but does not involve actual cash outflow [3] - A decrease in interest rates is expected to alleviate credit default pressures, allowing banks to release reserves and enhance earnings [4][11] Regional Banks - Regional banks are currently trading at significant discounts compared to historical averages, despite a modest recovery [5] - The article suggests focusing on quality investments within the regional banking sector to build income [5] Investment Opportunities - **Pick 1: BTO** - John Hancock Financial Opportunities Fund (BTO) offers a yield of 7.8% and focuses on financial services firms, with 95% of its portfolio in this sector [6][8] - **Pick 2: Scotiabank (BNS)** - Scotiabank has a yield of 6.3% and is positioned as a major player in the Canadian banking oligopoly, with a strong credit rating and a long history of dividend payments [9][11] - Scotiabank's recent acquisition of a 14.9% equity interest in KeyCorp for $2.8 billion enhances its competitive position in North America [9] Financial Performance - Scotiabank reported a 4% year-over-year revenue growth to $8.3 billion in Q2, with significant increases in deposits and net interest margin across various segments [9] - The bank's Common Equity Tier 1 (CET1) capital ratio improved to 13.3%, indicating strong capital health [9] Conclusion - The banking sector is viewed as undervalued with potential for dividend increases and share buybacks as interest rates decline [11] - Both BTO and Scotiabank are highlighted as attractive options for income investors, with BTO's active management and Scotiabank's strategic expansion into the U.S. market providing compelling investment opportunities [11]

Bank of Nova Scotia (NYSE:BNS) Scotiabank 25th Annual Global Banking and Markets Financials Summit September 4, 2024 9:00 AM ET Company Participants Scott Thomson - President and Chief Executive Officer Conference Call Participants Meny Grauman - Managing Director, Canadian Financial Services Research Analyst Unidentified Company Representative [Call Started Abruptly] And the odds that policy makers can engineer a soft landing. The resiliency of the Canadian economy continues to impress and there are reason ...

The exterior of a Scotiabank location in the Dominican Republic. Jorge Rodriguez - Jars McLucien/iStock Editorial via Getty Images The beauty of buying qualitative and high-yielding dividend stocks at discounts is that an investor can get paid to wait. Regardless of what a market may think about a stock, the dividends get paid. There's one notable exception, however. That is if the business model is capital-heavy like a real estate investment trust or a utility. If the payout ratio leaves a business with to ...

The Bank of Nova Scotia (NYSE:BNS) Q3 2024 Earnings Conference Call August 27, 2024 8:15 AM ET Company Participants John McCartney - Head of IR Scott Thomson - President and CEO Raj Viswanathan - CFO Phil Thomas - Chief Risk Officer Travis MacHen - Global Banking and Markets Francisco Aristeguieta - Group Head of International Banking Aris Bogdaneris - Group Head of Canadian Banking Conference Call Participants Ebrahim Poonawala - Bank of America Gabriel Dechaine - National Bank Financial Paul Holden - CIBC ...

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- ...

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