This could be a win-win for BNS. If credit losses are as the...
This could be a win-win for BNS.
If credit losses are as they anticipate, they have the cash set aside and the market will be satisfied that something went as expected.
If credit losses are lower than they anticipate, BNS now has a war chest of cash they've set aside and the timing couldn't be better.
there are some recession alarm bells starting to go off and BNS would make another acquisition to further boost revenue streams
or they could buy back shares and pay down debt, which would boost their share price.
IMO low $60s seems like the floor for BNS going forward. $Bank of Nova Scotia (BNS.CA)$
If credit losses are as they anticipate, they have the cash set aside and the market will be satisfied that something went as expected.
If credit losses are lower than they anticipate, BNS now has a war chest of cash they've set aside and the timing couldn't be better.
there are some recession alarm bells starting to go off and BNS would make another acquisition to further boost revenue streams
or they could buy back shares and pay down debt, which would boost their share price.
IMO low $60s seems like the floor for BNS going forward. $Bank of Nova Scotia (BNS.CA)$
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