Q: I currently hold TD, RY and BNS. I'm considering selling BNS given its higher risk in Latin America and risks in the financial sector now. Thinking of National Bank given its higher focus in Canada. Does this make sense? Thoughts? Or Hold?
5i Research Answer:
BNS's exposure to Latin America is a risk but also an opportunity. We would be fine staying the course here as its valuation and dividend remain quite attractive.