The Bank of Nova Scotia (USA) (NYSE:BNS)

Mostly stable dividend, canadian bank that shouldn't be too involved in Europe or American mortgage troubles. Probably make 1%, but I dunno about buying near 52 week highs.

no risk here, Canadian banks didn't gamble with customers money....darn regulations getting in the way of "free market"

no one likes banks now. look at BNS good balance sheet and 4% divided

Market growth, strong and stable history, and constant global expansion will continue to make this a stable and long-term investment.

Canadian banking space relatively safe and conservative, attractive global growth prospects, strong returns on capital, attractive dividend. What's not to like?

i had a -10% stop....

Doing some number crunching, here are the ratios I use when assessing banks:
Nonperforming Loans / Total Assets: 0.5%
Allowance for Credit Losses / Nonperforming Loans: 48%
Average Total Equity / Average Assets: 30.5%
Price-to-Tangible Book Value: ~3
Tangible Common Equity Ratio (median ratio for banks is 8.60%): 9.80%
Reserves-to-Loans Ratio: 8.8%
Capital Adequacy Ratio: 10.13
Net Charge-offs to Average Loans: 0.49%
Tier 1 Capital Ratio: 11.80%

Translated into English, this shows a stable bank, that has strong fundamentals, and like other major Canadian banks, didn’t require government injection of capital as even in 2008, they remained profitable, as leverage and capital ratios in Canada are much more ‘safely’ regulated.

Scotiabank has been paying dividends since inception, and since IPO, with 5 year dividend growth rate at 9.26% and a payout ratio of 47.

However, this isn’t just a stalwart with a good dividend payout. It operates in many more markets than meets the eye, in fact worldwide giving it room for growth in emerging markets. Operations range in North America, South America, Caribbean, Europe & Middle East, and Asia/Pacific. BNS entered Brazil in 2010 through acquisition, as well as penetrating Chile and Columbia through acquisitions and providing wholesale services in those areas also.
Exposure worldwide has increased in most of them, with a few exceptions and total exposure increased around 20% from 2009, with exposure in Columbia for example quadrupling. All and all, expansion is continuing so room for growth ahead.

A point that I don’t like is the Price to t.b.v of ~3.

Outperform call near 52-wk high won’t make me a score leader any time soon, however, I like the fundamentals and direction. I might put my money where my mouth is and go long in my portfolio also.

Stable Canadian bank with good Latin American growth potential. Pretty bullet proof.

I like this bank primarily for it's international business and as an indirect play in Latin American markets (like Colombia and Uruguay) that don't have very many ADR options for direct investment choices. Picking near it's 52 week high is a little worrisome for me but it seems to have some decent momentum behind it, so hopefully that won't be too big a deal over the long term.

great bank

It deals in Precious Metals.{in away it is supported by gold,silver.etcetera}

Plays buy hard canadian banking rules,lost nothing to subprime slime,nice dividend.Expanding globaly

Canadian banks have been shaken up less than most by all the global banking fun and games. Of the Canadian banks, ScotiaBank is my favourite. And it's price looks a bit low right now.

Bearish on all Canadian Banks

Good balance sheet. It will beat the market over the long term. Best of the big 5 Canadian Banks.

#3 Canadian bank with approximate market cap of $50,120,000,000 CDN

Canadian banks have a significant advantage, since they did well during and after the subprime crisis in 2008.

Canadian banking stock, regulated, conservative, incredibly profitable, great dividend payouts

Canada good banks