Bank of Nova Scotia stock has been hammered since last fall and the earnings today were touted as having beat analysts estimates. While the earnings did beat estimates, they were still below last year for the same quarter.
Basically analysts had reduced their outlook for the quarter which is why Bank Of Nova Scotia managed to beat their estimates.
Present revenue and earnings should keep the stock weak which should continue to create more trade opportunities and as an investor that is what I watch for.
This article is for FullyInformed Canada Members.
Bank Of Nova Scotia Stock (BNS) Trade Ideas for August 28 2015
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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