📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Bank of Nova Scotia

 

Buy Bank of Nova Scotia stocks

BANK OF NOVA SCOTIA (BNS) Stocks

ABOUT BANK OF NOVA SCOTIA

The Bank of Nova Scotia (BNS or Scotiabank), a Canadian multinational bank, was founded in 1832 and has its headquarters in Halifax, Nova Scotia in Canada. It is the third largest bank by deposits and market capitalizations in Canada. The bank offers a wide variety of products and services such as personal and commercial banking, wealth management and private banking, corporate and investment banking.

The bank was incorporated by the Legislative Assembly of Nova Scotia on March 30, 1832 in Halifax. It claimed fame as “Canada’s most international bank” because of its acquisitions in the Caribbean and Latin America, as well as Europe and parts of Asia.

The bank enjoys membership of the London Bullion Market through its subsidiary, ScotiaMocatta. It is one of five banks that participate in the London gold fixing.

As of October 31, 2018, the bank had assets of USUS Dollar 998 billion. It serves more than 25 million customers worldwide and trades on the Toronto and New York stock exchanges.

Today, the company employs approximately 88 000 people across its global operations.

You might also like: BANKUNITED STOCKS

HISTORY OF BANK OF NOVA SCOTIA

  • The Bank of Nova Scotia conducts its operations through four segments: Canadian Banking, International Banking, Global Banking and Markets and Other. The bank provides services to clients in North America, Latin America, Asia-Pacific and the Caribbean and Central America.
  • The Canadian Banking segment offers a portfolio of financial advice and banking solutions to retailers and small businesses, as well as commercial and wealth management customers. The International Banking division provides financial products, advice and solutions to commercial and retail customers in select regions outside Canada. Global Banking and Markets offer corporate banking and investment banking services, as well as transaction banking solutions to corporate, government and institutional investor customers globally.
  • The Other segment comprises of a range of smaller operating segments, including Group Treasury. Scotiabank also provides an alternative self-directing banking platform through Tangerine Bank.

VISION & VALUES OF BANK OF NOVA SCOTIA

  • Bank of Nova Scotia is wholly committed to its clients, employees, shareholders and communities where it operates. The bank strives to be the world leader in its field.
  • It therefore collaborates with its global clientele to develop cutting-edge branding strategies for new and existing products. The bank’s operations are rooted in core values such as respect, integrity, commitment, insight, spirit, community and collaboration.
  • It is a custodian of the environment and values the inputs and opinions of all people. These sound business principles fosters trust and adds value for shareholders who purchase company shares.

MARKET PERFORMANCE OF BANK OF NOVA SCOTIA

  • The Bank of Nova Scotia trades on the New York Stock Exchange (NYSE) under the stock symbol “BNS”. The company is an S&P/TSX 60 component.
  • The bank’s solid performance in the market affords shareholders the confidence to buy or sell company shares in the expectation of solid dividends and returns. For the second quarter of 2019, Scotiabank reported net income of USUS Dollar 259 million compared to USUS Dollar 2.177 million in the same period last year.
  • Return on equity was 13.8%.

You might also like: BLACK NIGHT STOCKS

LATEST NEWS BANK OF NOVA SCOTIA

Buy BANK OF NOVA SCOTIA stocks / shares – A Step by Step Guide how to Buy / Purchase BANK OF NOVA SCOTIA Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy BANK OF NOVA SCOTIA Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN BANK OF NOVA SCOTIA STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE BANK OF NOVA SCOTIA STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of BANK OF NOVA SCOTIA stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy BANK OF NOVA SCOTIA stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

Read more about : THE BUCKLE STOCKS

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

Freshforex Minimum Deposit

  Freshforex does not have a minimum deposit amount when opening a live trading account. Freshforex no minimum deposit has several benefits, particularly for beginner

Freshforex Fees and Spreads

  Freshforex spreads start from 1.3 pips, the commission is charged with the ECN account, starting from 0.0030% for forex. Freshforex does charge withdrawal fees,