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See what the IHS Markit Score report has to say about Bank of Nova Scotia.

IHS Markit

Bank of Nova Scotia

NYSE:BNS

Score: Positive (100)

34 days at current score.

Upgraded from Neutral on January 31st 2018

View full report here!

Summary


  • This company ranked positively compared to the Financials sector despite only 2 positive IHS Markit Categories
  • Perception of the company's creditworthiness is positive
  • Bearish sentiment is low
  • Economic output for the sector is expanding but at a slower rate


Bearish sentiment

Short interest | Positive

Short interest is extremely low for BNS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BNS.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral. ETFs that hold BNS had net inflows of $3.24 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing.

Economic sentiment

PMI by IHS Markit | Negative

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator. BNS credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.

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