Bank Of Nova Scotia Gets Bullish View Reaffirmed As Diversified Banking Model Delivers | Seeking Alpha
HomeDividends AnalysisDividend IdeasFinancialsSummaryBank of Nova Scotia gets its buy rating from 2023 reaffirmed, as my high confidence in the bullish case continues despite share price growth. . .
HomeDividends AnalysisDividend IdeasFinancialsSummaryBank of Nova Scotia gets its buy rating from 2023 reaffirmed, as my high confidence in the bullish case continues despite share price growth lately. Positive strengths are the A-level investment-grade rating, improving margins and EPS trends, attractive price forecast pointing to upside, and dividend safety. A challenge is this bank is in a highly competitive sector with other major banking brands, both in the US and Canada, who compete for banking clients. This sector can be prone not only to interest rate risk but also recession risk. Arturo Rosenow/iStock Editorial via Getty ImagesAn Investment-Grade Bank That Is Up Meaningfully Since My 2023 Bullish OutlookBanks have certainly gotten media attention this earnings season, with major names like Morgan Stanley (MS) postingrecord Q21. 88K FollowersAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure:Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.