If Canadians hope to enter good news in September, it didn’t happen. The sale of electronic vehicles (EV) recently fell nearly 30%. A bank or Canada interest rate reduction doesn’t even look in the bag. Yet one area is still doing well. Canadian banks.
That is why today we are not just checking out a Canadian bank, but the Bank of Nova Scotia (TSX: BNS). This bank share has been overlooked for years as the company that extended to Latin -America. But now that investment pays off its fruit, and for Canadian investors it comes in the form of dividends.
What happened
First, let’s look at that success success. Scotiabank shares recently reported enormous growth in the third quarter before 2025. The banking share reported that the net result rose to $ 2.5 billion of $ 1.9 billion compared to last year. In addition, the profit per share (EPS) reached $ 1.84 from $ 1.41 years on year, so the profitability also increased.
In addition, Scotiabank reported an incredible increase of 56% in the profit compared to the quarter last year, thanks to lower credit losses and higher income. The profit of global asset management increased by 14% of higher income from investment funds, brokerage and net interest income.
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Even better news? The company reported strong performance in global banking and markets, with an increase in net income by 29% on an annual basis. This was supported by the activity of robust capital markets, together with higher costs. And with adapted income that increases 6% on an annual basis in international banking, it is clear that the movement in the south is bearing fruit.
In the long term, the bank shares has been able to generate strong revenue growth while maintaining a positive operational leverage. Because of all this, the bank stock has maintained a strong balance, with a common stock -neer 1 ratio (CET1) with 13.3%. With credit losses also with $ 357 million of the quarter earlier, there is even more opportunity for growth of these bank shares.
Value and income
At the moment Scotiabank acts with a low profit of 11.2 times, with potential value for growth-oriented investors. BNS shares also have a 3 -time selling and 1.5 times book value. It also has a strong dividend yield at 5%, so there are consistent income and value ready to pick up today.
How many? If you would now place $ 7,000 against Scotiabank, you can immediately start earning an annual dividend income of $ 347. And while the company continues to buy back shares, Scotiabank will unlock even more shareholders value.
| COMPANY | Recent price | Number of shares | DIVIDEND | Total payout | FREQUENCY | Total investment |
|---|---|---|---|---|---|---|
| BNS | $ 87.76 | 79 | $ 4.40 | $ 347.60 | Quarterly | $ 6,931.04 |
Bottom Line
All in all, Scotiabank showed a strong income report. One that the bank showed this year not only for growth, but in the long term. And a strong dividend yield is incredibly tempting for investors who are thinking about buying and keeping it forever. With just an investment of $ 7,000, this bank share could be one of the most overlooked dividend giants that are there. And one that can feed your pension for decades to come up with dividends that come in immediately.
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