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The Bank of Nova Scotia is currently in a long term uptrend where the price is trading 9.6% above its 200 day moving average.
From a valuation standpoint, the stock is 65.8% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.1.
The Bank of Nova Scotia's total revenue sank by 0.4% to $8B since the same quarter in the previous year.
Its net income has increased by 0.9% to $2B since the same quarter in the previous year.
Finally, its free cash flow fell by 61.5% to $7B since the same quarter in the previous year.
Based on the above factors, The Bank of Nova Scotia gets an overall score of 3/5.
Exchange | NYSE |
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CurrencyCode | USD |
ISIN | CA0641491075 |
Industry | Banks-Diversified |
Sector | Financial Services |
Dividend Yield | 6.0% |
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Beta | 0.94 |
Target Price | 54.82 |
PE Ratio | 9.52 |
Market Cap | 61B |
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 in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. 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, medium, and large businesses, 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 online, mobile, and telephone banking services. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.
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