Bank of Nova Scotia reported on Tuesday, August 23, and their interest revenue was not as high as expected (by a penny per share), nor was the interest margin, and neither was the foreign income. The trading revenue was down as well.
The stock pulled back 5% on Tuesday, and another 2% Wednesday, and I purchased an additional 150 shares at $74.94 CAD. The bank’s dividends are safe and are now at 5.5% yield for the current stock price. The dividends are increasing at 6% per year as well.
Please do your own research prior to any purchases.