Monday, March 14, 2016

New purchase : Bank of Nova Scotia (BNS)

New position started in portfolio

Bank of Nova Scotia (BNS)

The Bank of Nova Scotia is a Canada-based diversified financial institution. The Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 21 million customers in more than 55 countries around the world. The Bank has four business lines: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management. The Canadian Banking segment provided a range of banking and investing services to more than 7.7 million customers across Canada, through a network of 1,190 branches, 3,869 automated banking machine (ABMs), as well as telephone, Internet banking and third-party channels. International Banking includes Scotiabank’s retail and commercial banking operations in more than 55 countries outside Canada.

Bank of Nova Scotia pays dividends with 1-4-7-10 schedule and my starting yield is about 4.61%

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