As we write this, the market is recovering off its recent pullback. And while many companies are recovering quickly, plenty of great deals remain available.
In that light, we’re highlighting The Bank of Nova Scotia (BNS). It’s a 6.4%-yielding blue-chip with a strong economic recovery expected in 2021 and beyond.
That’s why Dividend Kings just bought into it for a fifth time in our Phoenix Portfolio – and we plan to buy it one final time next week. That will still put us ahead of three major catalysts that should propel it and its stock to impressive levels.
The bank already is a one-stop-shop for companies, governments, institutions, and high-net-worth individuals – from traditional banking services to global market underwriting (equity and bonds) to asset management.
We’re talking about:
- $1.2 trillion in assets
- $768 billion in low-cost deposits
- 95,000 global employees
- 2,905 branches
- 8,793 ATMs.
Scotiabank has proven impressive in the past already, as evidenced by its total returns since 1996, featured below.
(Source: Portfolio Visualizer)