The Bank of Nova Scotia (NYSE:BNS) is included among the 14 Low PE High Dividend Stocks to Buy Right Now.
Photo by Annie Spratt on Unsplash
On March 9, Canaccord analyst Matthew Lee downgraded The Bank of Nova Scotia (NYSE:BNS) to Hold from Buy. The firm also lowered the price target on the stock to C$110 from C$118. The analyst said the bank still has areas that need attention, particularly in its Canadian P&C banking and Wealth Management businesses, where performance has generally lagged peers. The firm had previously expected Scotiabank to narrow its P/E gap with peers to about 5%. That view has changed. The analyst now believes the discount will likely remain in place, pointing to the bank’s “relatively modest” ROE expectations.
Earlier, on March 2, Casa, a Canadian payments and rewards platform, and Scotiabank announced a collaboration aimed at modernizing how Canadians pay for housing. The companies said the initiative reflects a shared view that major expenses should come with meaningful rewards. As part of the arrangement, ScotiaGold Passport Visa cardholders can use the card to pay rent or condo fees through the Casa platform without transaction fees.
The partnership allows Canadians to earn rewards on housing-related payments. Cardholders receive 1 Scene+ point for every $1 spent on everyday purchases. Those who spend at least $350 per month can also earn points on rent or housing payments made through the Casa platform. The program is tied to Scene+, which has more than 15 million members.
Casa’s platform works with property operators representing more than 500,000 apartment and condo units. The platform is also expanding to allow more households to pay rent or condo fees and earn rewards, even in buildings that do not usually accept credit cards. Payments can also be made using other Visa and Mastercard cards. Fees apply in those cases unless the ScotiaGold Passport Visa Card is used.
The Bank of Nova Scotia (NYSE:BNS) is a chartered Schedule I bank and a global financial services provider. It offers personal, commercial, corporate, and investment banking services. The bank operates through several segments, including Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other.
While we acknowledge the risk and potential of BNS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BNS and that has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 14 Best American Dividend Stocks to Invest In
Disclosure: None. Follow Insider Monkey on Google News.
