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Why Scotiabank Is Worth Banking On

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

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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


Diversified banks

Trailing-12-Month Revenue

$19.3 billion


CEO Richard Waugh
CFO Sean McGuckin

Return on Capital (average, past 3 years)


Dividend Yield



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.  

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Stocks Mentioned

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

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

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