|Bid||73.13 x 0|
|Ask||73.14 x 0|
|Day's Range||72.83 - 73.28|
|52 Week Range||66.36 - 80.79|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||10.97|
|Forward Dividend & Yield||3.48 (4.89%)|
|1y Target Est||N/A|
Financing deals for Indian infrastructure projects are surging on market expectations that the next government will come through with at least some of the spending that politicians are promising now during a heated election campaign. Local-currency loans for projects came to 520 billion rupees ($7.5 billion) in the quarter to March 31, the highest since 2011, and compared with 144 billion rupees in the previous three months, according to data compiled by Bloomberg. As India aims to become a $5 trillion economy by 2024, the government is pushing to eliminate bottlenecks to growth, and is responding to voters’ frustration with problems such as an inadequate number of expressways, crowded commutes and congested airports.
“U.S. hedge funds, from time to time, have appeared in this country over the last 10 years with the same hypothesis of shorting Canadian banks, and it hasn’t worked well for them,” he said Tuesday at the company’s annual meeting in Toronto in response to an investor’s question. While Porter said “there’s clearly a concern out there about the state of the Canadian housing market,” no hedge funds have talked to Scotiabank about the company’s assets or balance sheet.
Bank of Nova Scotia NYSE:BNSView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort 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 flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding BNS are favorable with net inflows of $24.43 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. BNS credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
As we already know from media reports and hedge fund investor letters, many hedge funds lost money in fourth quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with technology among them. Nevertheless, most investors decided to stick to their bullish theses and their long-term focus allows us to profit from the recent […]
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Investors who want to cash in on The Bank of Nova Scotia's (TSE:BNS) upcoming dividend of CA$0.87 per share have only 4 days...
A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits ...
Thanks in no small measure to Vanguard founder Jack Bogle, it's easy buy a low cost index fund, which should provide the average market return. But if you pick theRead More...
Thailand will buy 10 billion baht worth of newly issued shares in the merger between TMB Bank and Thanachart bank, a senior official said on Thursday. The government is investing because the new bank would ...
Bank of Nova Scotia, Canada's third-biggest lender, reported a lower-than-expected quarterly profit on Tuesday, as higher expenses and provisions for bad loans ate into gains from international banking ...
Thailand's TMB Bank said on Tuesday it signed a non-binding agreement to merge with Thanachart Bank in a deal worth up to 140 billion baht ($4.47 billion), which would make the new entity the sixth largest bank in the country. TMB will finance the deal through debt and equity. Some 50 billion-55 billion baht of newly issued shares would be offered to Thanachart Capital and Canada's Bank of Nova Scotia while 40 billion to 45 billion baht would be offered to existing TMB shareholders and may include a public offering.
Bank of Nova Scotia, Canada's third-biggest lender, reported a 5.1 percent fall in adjusted first-quarter profit on Tuesday, due to higher noninterest expenses. Scotiabank reported adjusted net profit ...
Canadian banks could be more attractive than U.S. banks right now. A number of Canadian bank stocks have lower valuations and higher dividend yields than their U.S.-based peers. Bank of Nova Scotia has a highly profitable business model, and reported solid growth across its most important financial measures in 2018.
Canada's Scotiabank has reached an agreement to sell its El Salvador banking and insurance business to Imperia Intercontinental in order to focus on other markets, the bank said on Friday. The sale, which includes Scotiabank El Salvador, its subsidiaries as well as Scotia Seguros, must still be approved by regulators. "This transaction with Imperia is in the best interest of our clients, workers and shareholders," said Scotiabank executive Ignacio Deschamps, adding that the concluded sale will generate losses of around $170 million for the bank.
Canada will consider changing the terms of a stress test designed to cut out risky mortgage lending if market conditions change, one of the country's top banking regulators said on Tuesday. The Office of the Superintendent of Financial Institutions, Canada's main financial regulator, introduced rules last January requiring banks to test borrowers' ability to repay mortgages at an interest rate 200 basis points above their contracted rate.
Canada will monitor the terms of a stress test designed to cut out risky mortgage lending in light of rising interest rates, one of the country's top banking regulators said on Tuesday. "We understand that we need to monitor the effects of the stress test and interest rate changes," Carolyn Rogers, Assistant Superintendent at the Office of the Superintendent of Financial Institutions (OSFI), said following a speech.