Scotiabank: Collect A 6.7% Yield While This Turnaround Takes Form
BNSThe Bank of Nova Scotia(BNS) Seeking Alpha·2024-05-02 21:01

Redfox_Ca Bank of Nova Scotia (TSX:BNS:CA)(NYSE:BNS) offers an attractive dividend, trades at a cheap price-to-earnings multiple based on 2025's expected earnings, and has additional upside if the new CEO can execute an ambitious turnaround plan. (All numbers in Canadian Dollars unless otherwise noted) Introduction Bank of Nova Scotia (or as it's commonly referred to, Scotiabank) is a member of Canada's so-called "big six" banking oligarchy which, collectively, controls approximately 93% of banking assets i ...