Q: Do you view Moody's downgrade of BNS as alarming? Also, do you think this is a good entry point for all the big five CDN banks and if so what would be your top two or three. Thanks.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Hi Peter and Team,
In light of Graeme's recent question and this article:
http://www.theglobeandmail.com/report-on-business/oil-shock-seen-hitting-canadian-bank-profits-in-2016/article28242504/,
Which Canadian banks would you favour if the scenario in the article comes true, or are all Canadian banks in the "same boat"?
At this time, the only bank stock we have is BNS. We have some other "financial" stocks like HCG, EFN, and CXI spread around several accounts, but no other banks.
Thanks as always for the guidance you provide, especially during this crazy, volatile market.
In light of Graeme's recent question and this article:
http://www.theglobeandmail.com/report-on-business/oil-shock-seen-hitting-canadian-bank-profits-in-2016/article28242504/,
Which Canadian banks would you favour if the scenario in the article comes true, or are all Canadian banks in the "same boat"?
At this time, the only bank stock we have is BNS. We have some other "financial" stocks like HCG, EFN, and CXI spread around several accounts, but no other banks.
Thanks as always for the guidance you provide, especially during this crazy, volatile market.
Q: In your opinion which Canadian bank(s) do you think has the strongest management team?
Q: Sorry if this question comes in twice as I'm not sure it went through the first time.
In the past, your team has indicated that BNS was your favourite bank. Is this still the case, even though it has underperformed? I am considering taking a position in a bank as I have currently have CXI and EFN in my financials, and feel I am missing a bank as part of my portfolio. Am wondering which one I should take a position in (or perhaps ZEB).
Thanks!
In the past, your team has indicated that BNS was your favourite bank. Is this still the case, even though it has underperformed? I am considering taking a position in a bank as I have currently have CXI and EFN in my financials, and feel I am missing a bank as part of my portfolio. Am wondering which one I should take a position in (or perhaps ZEB).
Thanks!
Q: Hello,
For some of us who are crazy enough to invest in current markets, can you recommend few Canadian stocks that have:
1. High stability i.e. low Beta (ideally recession proof), but declined recently
2. Low P/E ratio
3. Dividend of at least 3%
Basically, I am looking for something like Fortis, though it didn't decline much...
For some of us who are crazy enough to invest in current markets, can you recommend few Canadian stocks that have:
1. High stability i.e. low Beta (ideally recession proof), but declined recently
2. Low P/E ratio
3. Dividend of at least 3%
Basically, I am looking for something like Fortis, though it didn't decline much...
Q: Do you see a sector rotation taking place into 2016 where enb - bns - cgx- t - slf- and mg could outperform and thus should be brought up to same allocation as esl - dsg - ccl - csu....thanks
Q: Can you tell us what is the free cash flow for Scotiabank for the past year and past 5 years?
Q: What's the last day of the year for tax loss selling, thanks
Q: BNS and TCN don't do much since some time. Both are down around 18% lately.
Should one stay the course, or look for alternatives ?
Should one stay the course, or look for alternatives ?
Q: I'm thinking of selling BNS (4.5% of total portfolio) while I'm still up 8% and redeploy the cash.
I currently have PWF (1% Holding and down 10%), TD Bank (3.5% holding up 34%), MFC (1% holding and down 5%),
DH (1% holding and down 10%). Would you recommend holding on to BNS or sell and add to one or all of these other financials. Open to other suggestions as well. Merry Christmas
I currently have PWF (1% Holding and down 10%), TD Bank (3.5% holding up 34%), MFC (1% holding and down 5%),
DH (1% holding and down 10%). Would you recommend holding on to BNS or sell and add to one or all of these other financials. Open to other suggestions as well. Merry Christmas
Q: What's with BNS? It's been dropping all week. Can you shed some light on this and what is he outlook for it?Thanks very much,
Q: Hi, The banks report next week and I'm wondering what expectations are? It seems a lot of analysts are negative on them right now? Is it because of housing? With dividends of close to 5% the banks have never looked better to me.Is this a good time to buy or am I missing something?
Best,
Carla
Best,
Carla
Q: Would appreciate your thoughts on Bloomberg's article about BNS pursuing higher risk strategies to increase profitability. Thanks.
http://www.bloomberg.com/news/articles/2015-11-09/canada-s-bank-of-no-surprises-turns-heads-with-risk-surge
http://www.bloomberg.com/news/articles/2015-11-09/canada-s-bank-of-no-surprises-turns-heads-with-risk-surge
Q: Hi Peter and team, How important are Moody's ratings? What are your thoughts and do you agree?
"Moody's Places Bank of Nova Scotia's Ratings Under Review"
https://www.moodys.com/research/Moodys-Places-Bank-of-Nova-Scotias-Ratings-Under-Review--PR_337955?WT.mc_id=AM~WWFob29fRmluYW5jZV9TQl9SYXRpbmcgTmV3c19BbGxfRW5n~20151102_PR_337955
Thank you!
"Moody's Places Bank of Nova Scotia's Ratings Under Review"
https://www.moodys.com/research/Moodys-Places-Bank-of-Nova-Scotias-Ratings-Under-Review--PR_337955?WT.mc_id=AM~WWFob29fRmluYW5jZV9TQl9SYXRpbmcgTmV3c19BbGxfRW5n~20151102_PR_337955
Thank you!
Q: Hi Peter,
Being a retired person looking for safe dividends I have full positions in The Royal Bank, TD and Bank of Nova Scotia. I was wondering about doubling my BNS shares.
My thinking is that the dividend is safe and BNS will probably continue to be around a long time from now and the price I am paying for the shares seem to be cheaper than most other businesses at approximately 11 times earnings. Where for example to buy Telus is approximately 18 times earnings.
(as an FYI, I also have Railroads, utility's, pipelines, telecoms,oil, gold, reits, Life co's)
Warren Buffet says to buy things that are on Sale.
Just wondering what your opinion would be on this thought.
Thank you,
Charlie
Being a retired person looking for safe dividends I have full positions in The Royal Bank, TD and Bank of Nova Scotia. I was wondering about doubling my BNS shares.
My thinking is that the dividend is safe and BNS will probably continue to be around a long time from now and the price I am paying for the shares seem to be cheaper than most other businesses at approximately 11 times earnings. Where for example to buy Telus is approximately 18 times earnings.
(as an FYI, I also have Railroads, utility's, pipelines, telecoms,oil, gold, reits, Life co's)
Warren Buffet says to buy things that are on Sale.
Just wondering what your opinion would be on this thought.
Thank you,
Charlie
Q: Hi, What do you think of BNS buying Sears Canada credit card portfolio from JPMorgan? Would buying in a TFSA be best as the dividends won't be taxed?
Thank you!
Thank you!
Q: Hi Gang
I am presently overweight in Financials. I hold BNS, TD, SLF and BNS. Of these, my BNS has been the weak sister in the past 2 years. I am thinking of selling my BNS because it will trigger the lowest capital gains, and with the proceeds purchase DH. My thoughts are this will keep me in the "area" of banking, but also improve my diversification since I am much lower in the Tech area . I realize I will sacrifice some dividend income, but am prepared to do that if my overall reasoning is logical. I am aware BNS is supported by you, but so is DH.
Your thoughts please.
Thanks
I am presently overweight in Financials. I hold BNS, TD, SLF and BNS. Of these, my BNS has been the weak sister in the past 2 years. I am thinking of selling my BNS because it will trigger the lowest capital gains, and with the proceeds purchase DH. My thoughts are this will keep me in the "area" of banking, but also improve my diversification since I am much lower in the Tech area . I realize I will sacrifice some dividend income, but am prepared to do that if my overall reasoning is logical. I am aware BNS is supported by you, but so is DH.
Your thoughts please.
Thanks
Q: We have to sell one of these to pay his tuition
Which would you sell
Because he is overweight BNS , I thought we should sell 1/3 for a loss ... but perhaps that isn't a good strategy .
BNS (big loss) , OTC (loss) , XSP (loss) , GWO (gain) , L (big gain ) , ATD.B ( huge gain ),
Are RESP losses non claimable ???
Thanks
Which would you sell
Because he is overweight BNS , I thought we should sell 1/3 for a loss ... but perhaps that isn't a good strategy .
BNS (big loss) , OTC (loss) , XSP (loss) , GWO (gain) , L (big gain ) , ATD.B ( huge gain ),
Are RESP losses non claimable ???
Thanks
Q: I ham sitting on some cash and am now looking to buy in for my balanced portfolio at lower prices. Weightings aside, which of these stock choices would you recommend;
BNS or HCG
PEY or VET
RM or MDA
Thanks
Jim
BNS or HCG
PEY or VET
RM or MDA
Thanks
Jim
Q: Hello Peter & team, Seems BNS is the "winner" here. It could be affected by being exposed in L.Am. to miners PLUS being affected the MOST of all Canadian banks due to its exposure to oil/gas sector in Canada, with "cracks" starting to show in Q4 and early 2016 (as the article suggests). And who knows for how long low oil prices will persist....maybe it will stay low for ever due to supply that keeps growing. Would you pls. comment on this article.
http://business.financialpost.com/news/energy/cracks-may-begin-to-appear-in-canadian-bank-earnings-as-oil-downturn-persists
Thank you!
http://business.financialpost.com/news/energy/cracks-may-begin-to-appear-in-canadian-bank-earnings-as-oil-downturn-persists
Thank you!