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Are you looking to buy The Bank of Nova Scotia stocks? Chech our Reportlab with an in-depth review, check prices, statistics and see if buying this stock is interesting right now. This article will help you buy TSE:BNS! and analyze the company to see if this stock might be an interesting option to invest in. We will enlighten you about The Bank of Nova Scotia stocks and how to buy and use them. Click on the button to start reading the review right now or scroll down for real time statistics about this company.
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management segments. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small businesses and commercial customers, including automotive financing solutions to dealers and their customers. It also provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides Internet, mobile, and telephone banking services. The company operates a network of 952 branches and approximately 3,540 automated banking machines in Canada; and approximately 1,400 branches, 5,200 ATMs, and 22 contact centers internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.
Average volume
3.93 million shs
MARKET CAP
C$85.51 billion
Stock exchange
TSE
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Below is a quick guide on how to buy TSE:BNS stocks safe, fast and around the world in less than five minutes.
Step 1: Open an account with eToro – eToro is the best broker to buy The Bank of Nova Scotia shares in the world as you won’t pay any commissions. To do this, visit the eToro website and open an account, it is 100% safe and they offer a huge amount of stocks.
Step 2: Upload your ID – As per KYC regulations eToro will ask you to upload a copy of your passport or driver’s license.
Step 3: Deposit Funds – Deposit some money into your newly created eToro account. You can choose between wire transfer, e-wallet or debit/credit card or Paypal.
Step 4: Buy The Bank of Nova Scotia – Search for “”TSE:BNS”” and click on the “”Trade”” button. Enter the total amount of your investment (minimum $50) and confirm the order by clicking the “”Open Trade”” button. And that’s it: you have just bought The Bank of Nova Scotia stocks with 0% commission!.
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8 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for The Bank of Nova Scotia (BNS.TO) in the last year. There are currently 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “hold” The Bank of Nova Scotia (BNS.TO) stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BNS, but not buy additional shares or sell existing shares.
Wall Street analysts have given The Bank of Nova Scotia (BNS.TO) a “Hold” rating, but there may be better short-term opportunities in the market. Some of Reportlab’s past winning trading ideas have resulted in 5-15% weekly gains. Reportlab just released five new trading ideas, but The Bank of Nova Scotia (BNS.TO) wasn’t one of them. Reportlab thinks five stocks may be even better buys in the how to buy stocks guide.
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It can be difficult to navigate through all the outdated and incorrect information related to purchasing TSE:BNS stocks. We believe that stocks should be accessible for all, which is why we’ve created this handy guide on where to buy The Bank of Nova Scotia stocks with a step by step approach.
You’ll need to register with a broker, in these times you can’t go without once and it’s crucial to use a regulated broker that’s allowed to operate there, otherwise, you risk losing funds. eToro is one such broker, and one of the best brokers to buy The Bank of Nova Scotia stocks with 0% comission, to sign up just click on open account in the following table or compare other options.
Because eToro is a regulated platform, you’ll need to complete the KYC process, this is standard practice and only takes a couple of minutes. You’ll need to provide a photo ID (passport, driving licence) and proof of address (utility bill, bank statement).
Once you’ve signed up and verified your account, you’ll need to deposit funds. eToro accepts credit/debit cards, bank transfers, and also e-wallets. So whatever your preference there will be something for you.
Now that you’ve funded your eToro account, just type “TSE:BNS stocks” into the search bar at the top of the screen and press “trade”.
All that’s left is to buy some TSE:BNS stock. Simply enter the amount you want to purchase and hit the “buy” button. The amount you bought will be automatically credited to your account where you can monitor its performance.
All in all, TSE:BNS is an incredibly interesting company that has the potential to solve some major issues in the business space. After reading this guide you should know how to buy this investment using the best broker or platform. We recommend eToro to anyone looking for a regulated, easy-to-use, fully-featured broker to buy The Bank of Nova Scotia stocks. As with any broker or online platform, it’s crucial you set up 2FA when using their tools as it ensures your funds are completely safe.
The Bank of Nova Scotia (BNS.TO) is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for The Bank of Nova Scotia (BNS.TO).
The Bank of Nova Scotia (BNS.TO) (TSE:BNS) released its quarterly earnings results on Tuesday, December, 1st. The bank reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The bank had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.62 billion.
View The Bank of Nova Scotia (BNS.TO)’s earnings history.
The Bank of Nova Scotia (BNS.TO)’s stock was trading at C$58.48 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BNS shares have increased by 20.6% and is now trading at C$70.52.
The Bank of Nova Scotia (BNS.TO) declared a quarterly dividend on Tuesday, December 1st. Stockholders of record on Tuesday, January 5th will be given a dividend of 0.90 per share on Wednesday, January 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Monday, January 4th.
View The Bank of Nova Scotia (BNS.TO)’s dividend history.
Launched in 2006, eToro is, in our opinion, without a doubt the best broker for buying TSE:BNS stocks in the world. The onboarding process is simple, it’s designed to make sure even those new to the stock market are ready to start investing the shortest amount of time possible. As a regulated platform you gain several benefits, most importantly, you know they’re not going to run off with your hard-earned money./
Over 95% of client funds are kept offline, in cold storage, which is crucial for any broker that manages your assets. Regardless of how secure a platform is meant to be, we recommend using 2FA to add an additional layer of security to your account.
eToro offers users a range of features to start investing as quickly as possible. They have a relatively unique feature called copy trading, which lets you earn a passive income by mirroring experienced traders, this allows you to start earning profit quickly, and gives you a better understanding of the strategies used by professionals. Additionally, eToro allows users to invest in managed portfolios, a managed portfolio being a variety of similar assets grouped together, allowing you to diversify your account, reducing any potential risk. For those with previous trading experience, you can invest in markets outside of stocks, as eToro allows users to trade ETFs, commodities, crypto and indices. If you already invest outside of the stock market space this can be very useful, as it allows you to manage all your investments in just one place.
The Bank of Nova Scotia (BNS.TO) pays an annual dividend of C$3.60 per share and currently has a dividend yield of 5.14%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of The Bank of Nova Scotia (BNS.TO) is 67.92%. This payout ratio is at a healthy, sustainable level, below 75%.
View The Bank of Nova Scotia (BNS.TO)’s dividend history.
8 brokers have issued twelve-month price targets for The Bank of Nova Scotia (BNS.TO)’s stock. Their forecasts range from C$64.00 to C$77.00. On average, they anticipate The Bank of Nova Scotia (BNS.TO)’s share price to reach C$69.20 in the next twelve months. This suggests that the stock has a possible downside of 1.9%.
View analysts’ price targets for The Bank of Nova Scotia (BNS.TO) or view top-rated stocks among Wall Street analysts.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
The Bank of Nova Scotia (BNS.TO)’s management team includes the following people:
Mr. Brian Johnston Porter B.Com., A.M.P., Pres, CEO & Director (Age 63, Pay $3.63M)
Mr. Rajagopal Viswanathan, Group Head & CFO
Mr. James P. O’Sullivan, Strategic Advisor to the CEO
Mr. Ignacio Deschamps, Group Head of International Banking & Digital Transformation
Mr. Daniel Llewellyn Rees, Group Head of Canadian Banking
Mr. Adrián Otero Rosiles, Exec. VP & Country Head of Mexico
Ms. Tracy Bryan, Exec. VP of Global Operations
Mr. James A. Neate, Pres & Group Head of Corp. and Investment Banking
Dr. Michael Zerbs, Group Head of Technology & Operations
Mr. Philip Stephen Watson Smith, Sr. VP of Investor Relations
Some companies that are related to The Bank of Nova Scotia (BNS.TO) include The Toronto-Dominion Bank (TD.TO) (TD), HSBC Holdings plc (HSBA.L) (HSBA), Bank of Montreal (BMO.TO) (BMO), Canadian Imperial Bank of Commerce (CM.TO) (CM), Barclays PLC (BARC.L) (BARC), National Bank of Canada (NA.TO) (NA), Canadian Western Bank (CWB), Secure Trust Bank PLC (STB.L) (STB), Arbuthnot Banking Group PLC (ARBB.L) (ARBB), Manx Financial Group (MFX), Atlas Mara Limited (ATMA.L) (ATMA), Australia and New Zealand Banking Group Limited (ANZ.AX) (ANZ), Banca Carige S.p.A. – Cassa di Risparmio di Genova e Imperia (CRG.MI) (CRG), Bank of Queensland Limited (BOQ.AX) (BOQ) and Bendigo and Adelaide Bank Limited (BEN.AX) (BEN).
View all of BNS’s competitors.
Based on aggregate information from Reportlab research, some companies that other The Bank of Nova Scotia (BNS.TO) investors own include The Toronto-Dominion Bank (TD.TO) (TD), Freehold Royalties (FRU), Enbridge Inc. (ENB.TO) (ENB), Royal Bank of Canada (RY.TO) (RY), Intact Financial (IFC), Constellation Software (CSU), Canadian Imperial Bank of Commerce (CM.TO) (CM), Emera Incorporated (EMA.TO) (EMA), Pembina Pipeline Co. (PPL.TO) (PPL) and BCE Inc. (BCE.TO) (BCE).
The Bank of Nova Scotia (BNS.TO) trades on the Toronto Stock Exchange (TSX) under the ticker symbol “BNS.”
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Shares of BNS and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor’s Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
One share of BNS stock can currently be purchased for approximately C$70.52.
The Bank of Nova Scotia (BNS.TO) has a market capitalization of C$85.45 billion and generates C$25.25 billion in revenue each year.
The Bank of Nova Scotia (BNS.TO) employs 92,001 workers across the globe.
The official website for The Bank of Nova Scotia (BNS.TO) is www.scotiabank.com.
The Bank of Nova Scotia (BNS.TO) is headquartered at 44 King St W, TORONTO, ON M5H 1H1, Canada.
At Reportlab.org we want to make sure that you have all the most relevant information about buying stocks. We bring you the best guides about the stock market with personal reviews, background information, platform reviews, how to’s and more. Want to get other information? Then check out the OTC stocks, NASDAQ stocks, NYSE stocks, LON stocks, FRA stocks, ETR stocks, EPA stocks, TSX stocks or Amex stocks. Looking for more detailed info like 5g stocks, biotech stocks, gold stocks and other information out of our reportlab.
How to buy The Bank of Nova Scotia stock?
The safest and easiest way to buy TSE:BNS stock is by using a regulated broker like eToro. You can open an account with the platform, make a deposit and buy this stock all in under 5 minutes from start to finish. Another option is using a regulated broker like DEGIRO or Interactive Brokers. You can open an account with these brokers and start buying or trading TSE:BNS stocks in a safe and complete environment.
Where to buy The Bank of Nova Scotia stock?
You will first want to find a licensed broker that supports TSE:BNS stock. One of our favourite brokers, eToro for example, allows you to make investments into this asset from just $25 and only charges you the spread. Another option is using a regulated broker like DEGIRO or Interactive Brokers. You can open an account with these brokers and start buying or trading TSE:BNS stocks in a safe and complete environment.
Is TSE:BNS stock a good investment?
As with any other asset, there is an element of risk associated with buying TSE:BNS stocks. Therefore, you will want to study the market and make a decision based on your financial standing and the risk you are willing to take.
Is The Bank of Nova Scotia stock safe to invest in?
All stocks are volatile, or affected by market circumstances. The case with TSE:BNS is no different, with its price fluctuating dramatically within short periods. As such, if the market goes against you, then you will end up facing a loss. We advice you to do research first before investing in The Bank of Nova Scotia stock.
How do you trade The Bank of Nova Scotia stocks?
You can trade stocks by first opening an account with a regulated platform and making a deposit in US dollars, EUROs or other currency. Next, search for The Bank of Nova Scotia stock and choose from a buy or sell order – depending on whether you think the stock asset will rise or fall in value. If you speculated on TSE:BNS stocks correctly, you will have made a profit. The size of your trading profit will ultimately be determined by your stake and at what percentage your position grew.
How to sell The Bank of Nova Scotia stock?
To sell your TSE:BNS stocks investment, you can sign in to your broker account and cash out directly from within your portfolio. If you have stored the stocks elsewhere, you will first have to transfer them to a third-party provider or broker to cash out.
What is the best The Bank of Nova Scotia stock trading platform?
eToro, is a top-rated platform for beginners, albeit, it charges significantly lower fees. For example, there are no fees to deposit with a debit/credit card and you only need to cover the spread when trading TSE:BNS stock.
Stephen knows a lot about financial products and in particular has a great passion for the stock markets and its participants. We hope that the information provided will help you. Something not quite clear? Please leave your questions or comments at the bottom of the page.
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