Scotiabank: Why This 5.3% Yield Is A Great Bargain

Gen Alpha
Investing Group

Summary

  • Scotiabank has a long-track record of success and has exposure to emerging markets.
  • Its digital platform is seeing strong customer adoption, and its focus on efficiencies could add another boost to the bottom line.
  • The stock is trading well below its recent highs, and could provide potentially strong returns from here.
  • Looking for a portfolio of ideas like this one? Members of Hoya Capital Income Builder get exclusive access to our model portfolio. Learn More »
Happy excited man standing under money rain banknotes falling down

Viktor_Gladkov

Canadian banks are known for their risk-averse nature, and that's why the large ones have storied dividend track records that their U.S. counterparts simply cannot match. Starting yields matter a great deal and is highly influential on the eventual total returns of a

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This article was written by

Gen Alpha
21.46K Followers

I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon.

I provide high-yield, dividend growth investment ideas in the investing group

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BNS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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