Please ensure Javascript is enabled for purposes of website accessibility

Why Scotiabank Is Worth Banking On

By Brian D. Pacampara, CFA - Apr 22, 2013 at 10:17AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Market-trouncing returns could be written in these four stars.

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 (BNS 1.48%) 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.

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

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

The Bank of Nova Scotia Stock Quote
The Bank of Nova Scotia
BNS
$66.33 (1.48%) $0.97

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
332%
 
S&P 500 Returns
118%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/26/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.