Why Scotiabank Is Worth Banking On

Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, Canadian banking giant Bank of Nova Scotia (NYSE: BNS  ) has earned a respected four-star ranking.  

With that in mind, let's take a closer look at Scotiabank and see what CAPS investors are saying about the stock right now.

Scotiabank facts

Headquarters (founded)

Halifax, Canada (1832)

Market Cap

$66.1 billion

Industry

Diversified banks

Trailing-12-Month Revenue

$19.3 billion

Management

CEO Richard Waugh
CFO Sean McGuckin

Return on Capital (average, past 3 years)

17.2%

Dividend Yield

4.3%

Competitors

CIBC
Royal Bank of Canada
Toronto-Dominion Bank 

Sources: S&P Capital IQ and Motley Fool CAPS.

On CAPS, 96% of the 612 members who have rated Scotiabank believe the stock will outperform the S&P 500 going forward.

Just last week, one of those Fools, All-Star NCTad, succinctly summed up the Scotiabank bull case for our community:

[S]low and steady earner. Canadian banks tend to be a bit more conservative as well. [G]reat dividend to boot. [D]on't look for outperformance before the five year mark but should be a very long term winner.

With so much of the financial industry getting bad press these days, it may be a greedy when others are fearful moment. Not surprisingly, some of Warren Buffett's biggest investments are in the space. In the Motley Fool's free report, "The Stocks Only the Smartest Investors Are Buying," you can learn about a small, under-the-radar bank that's too tiny for Buffett's billions. Too bad, because it has better operating metrics than his favorites. Just click here to keep reading.

Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.  


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