Review of Bank of Nova Scotia

OCT 10, 2024 - BNS has established itself as a leading bank in the Americas offering a broad range of services and products such as personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The Bank employs 89,239 workers, has 2,279 branches and offices, and 8,584 automated-banking-machines (ABMs). BNS is the cheapest Canadian Bank and also pays the highest yield. We think further multiple expansion could occur as BNS executes on its strategy and continues to string together earnings beats. With a positive outlook we are maintain our rating of an A-.

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Royal Bank of Canada (RY $204.35)
- $204.35 P/E (TTM): 15.72X Cap: $287.39B
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Bank of Nova Scotia (The) (BNS $91.90)
- $91.90 P/E (TTM): 17.67X Cap: $113.10B
- View BNS Profile
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- View Reports on BNS
Bank of Montreal (BMO $172.93)
- $172.93 P/E (TTM): 14.75X Cap: $125.85B
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Hamilton Enhanced Canadian Bank ETF (HCAL $32.67)
- $32.67 P/E (TTM): 11.55X Cap: $708M
- View HCAL Profile
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.58)
- $15.58 P/E (TTM): 9.31X Cap: $1.71B
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Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.53)
- $13.53 Cap: $929M
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Q: I have been asked by a 23 year old to provide suggestions for when she initiates her FHSA.

I immediately thought of the banks , which I believe is the premium Canadian sector for long term growth, growing dividends , and safety. I would also recommend a more Canadian diversified security (UMAX ) for her next purchase. Of the above banking securities ( all owned between my cash, tax free, and registered accounts ), which would you start with ? Would you be comfortable with UMAX as second pick ( admittedly hasn’t done much but provides diversification into large cap companies and a good distribution yield). I am only interested in Canadian securities at this point. Should I be comfortable with this approach? Any thoughts would be appreciated.
Thanks. Derek .
Any

Read Answer Asked by Derek on October 21, 2025

Toronto-Dominion Bank (The) (TD $114.95)
- $114.95 P/E (TTM): 9.73X Cap: $194.67B
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Bank of Nova Scotia (The) (BNS $91.90)
- $91.90 P/E (TTM): 17.67X Cap: $113.10B
- View BNS Profile
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- View Reports on BNS
Constellation Software Inc. (CSU $3,581.44)
- $3,581.44 P/E (TTM): 91.49X Cap: $73.19B
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Thomson Reuters Corporation (TRI $216.04)
- $216.04 P/E (TTM): 44.56X Cap: $96.08B
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Shopify Inc. Class A Subordinate Voting Shares (SHOP $245.24)
- $245.24 P/E (TTM): 99.97X Cap: $324.46B
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Q: What would be your top 5 larger cap stocks in Canada today? What would consider to be good entry points?

Thank you
Tim

Read Answer Asked by Timothy on October 08, 2025

Bank of Nova Scotia (The) (BNS $91.90)
- $91.90 P/E (TTM): 17.67X Cap: $113.10B
- View BNS Profile
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Enbridge Inc (ENB $47.00)
- $47.00 P/E (TTM): 23.08X Cap: $101.88B
- View ENB Profile
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BCE Inc. (BCE $23.21)
- $23.21 P/E (TTM): 71.39X Cap: $21.93B
- View BCE Profile
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Q: Good morning5i.
I need to sell or trim one of the following position in my RRIF. Which position would you sell at this time? I would have to sell all BCE or part of ENB or BNS to get the withdrawal amount needed.

Read Answer Asked by Stephen on October 07, 2025