CA - Scotiabank: Appealing 6% Yield With Momentum On Its Side
2024-04-01 08:30:00 ET
Summary
- Scotiabank has diversified business lines, strong performance in Latin America, and potential for growth in its wealth management segment.
- It's seen recent price momentum as well as business momentum, with growth in its deposit base, banking, and wealth management businesses.
- Yet, BNS remains undervalued with a dividend yield on the high end of its 10-year range, giving value and income investors an opportunity to add to this quality name.
Income stocks have seen a decent rebound over the past few weeks, as the market rally around growth stocks seems to have lost some steam, and with the market seemingly turning its attention toward undervalued dividend payers....
Scotiabank: Appealing 6% Yield With Momentum On Its Side