Another Turn at the Bank
The Bank of Nova Scotia offers a range of products and services, including retail, commercial, corporate and investment banking to more than 18.6 million customers in more than 50 countries around the world.
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Our last position in BNS was to exit the bank in November 2013 when we realized a 19% profit at $65.85. Since that time, earnings have grown rapidly and the bank is again at a low risk entry point.
Purple Chips 12 -18 month target: $75.00
LOW VALUATION IN BANK OF NOVA SCOTIA AT $65.80 (BNS-T, $CAD 65.80) FULL POSITION
PURPLE CHIPS TARGET: $75.00 POSITION SIZE: FULL (5.0%) P/E: 11.1X DIV: $2.64 (4.0%) MKT CAP: $80B Debt: N/A RETURN ON CAPITAL: N/A EARNINGS YIELD: 6.6% 5 YR EPS Growth rate*:10.24% P/E/G Ratio: 1.09X 2014 EPS: $5.91 2015 EST.: $5.93 2016 EST.: $6.39
*Blended growth rate= 2/3 historical (5yrs), 1/3 forward.
