E Daily Stock Pick: Bank Of Nova Scotia

A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the fifth of five financial services sector stocks poised to join my Volio folio this week. This could be my fortieth pick for Volio!

That financial sector includes twenty industries ranging from Asset Management, to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.

My subject today is a large cap diversified bank named, Bank of Nova Scotia. Its trading ticker symbol is BNS. This is my first report on Bank of Nova Scotia (BNS) for this Volio portfolio.

Bank of Nova Scotia | Perth, Ontario | Ross Dunn | Flickr

The Bank of Nova Scotia is known as Canada's "international bank" and is a global financial services provider.

The bank has three business segments: Canadian banking, international banking, and global banking and markets. It is the third- largest bank in Canada.

The bank's international operations span numerous countries and are more concentrated in Central and South America.

The company operates a network of 950 branches and approximately 3,650 automated banking machines in Canada, and approximately 1,900 branches and 5,500 ATMs internationally, as well as contact centers.

The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.

I use three key data points to gauge dividend equities or funds like The Bank of Nova Scotia:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money.

BNS Price

BNS's price per share closed at $43.73 yesterday. A year ago their price was $52.10. Price fell $8.37 or a little over 19% last year.

Assuming BNS's stock trades in the range of $20 to $60 this next year, its recent $43.73 price might rise by $2.27 to reach $46.00 by June 5, 2021.

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Disclaimer:  

This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall ...

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