BNS Forecast



Price Forecast:


Bearish<—>Bullish



80% Confidence




Bullish Case: A potential recovery in earnings due to strategic operational improvements and international growth could uplift BNS. The attractive 6.6% dividend yield may attract value investors, while new U.S. expansions enhance revenue streams.




Bearish Case: Continued strategic uncertainty coupled with lackluster digital transformation efforts may hinder growth, resulting in stagnant or declining stock performance. Ongoing macroeconomic pressures and underperformance history create a bearish outlook.




Potential Outcomes:

1. Successful international expansions leading to growth (30%)


2. Continuing underperformance due to execution issues (40%)


3. Strong dividend yield attracting investors (25%)


4. Uncertain macroeconomic conditions impact revenue (5%)




Trading Oracle: Consider a bullish credit spread by selling the BNS $55 put and buying the $52.50 put, capitalizing on the reliable dividend payment. With a favorable risk/reward ratio and a robust potential for price recovery, this strategy can exploit BNS’s historical mean-reversion trends.



December 18, 2024


Bank Of Nova Scotia Forecast

BNS        Bank Of Nova Scotia











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Assets that tend to move strongly with BNS



TRV Forecast + Options Trading Strategies   TRV  Travelers Companies (0.88)


LYV Forecast + Options Trading Strategies   LYV  Live Nation Entertainment (0.86)


BYRN Forecast + Options Trading Strategies   BYRN  Byrna (0.85)


V Forecast + Options Trading Strategies   V  Visa (0.8)


RVLV Forecast + Options Trading Strategies   RVLV  Revolve (0.8)



Uncorrelated Assets

Assets with little price relationship to BNS



KOLD Forecast + Options Trading Strategies   KOLD  ProShares UltraShort Bloomberg Natural Gas (-0.0)


MRSN Forecast + Options Trading Strategies   MRSN  Mersana Therapeutics (-0.01)


CSGP Forecast + Options Trading Strategies   CSGP  Costar Group (-0.02)


ZTS Forecast + Options Trading Strategies   ZTS  Zoetis (0.03)


MCK Forecast + Options Trading Strategies   MCK  Mckesson (-0.03)



Anticorrelated Assets

Assets that tend to move strongly against BNS



STNG Forecast + Options Trading Strategies   STNG  Scorpio Tankers (-0.6)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.6)


TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (-0.61)


VAL Forecast + Options Trading Strategies   VAL  Valaris (-0.64)


BIIB Forecast + Options Trading Strategies   BIIB  Biogen (-0.68)









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