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or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,210,073,460
Close 2015-03-24 C$ 63.89
Market Cap C$ 77,311,593,359
Recent Sedar Documents

Globe says Home Capital, others are down, but not out

2015-03-25 06:54 ET - In the News

See In the News (C-HCG) Home Capital Group Inc

The Globe and Mail attempts to identify beaten-up stocks that analysts believe will grow profits this year in its Wednesday edition. The Globe's Luke Kawa writes in the Number Cruncher column that with the S&P500 within 1.4 per cent of its record highs (and the S&P/TSX composite further away, thanks to the oil rout), investors might be finding it difficult to find value in equity markets. The share prices of Mr. Kawa's recommended stock picks are all within 5 per cent of their 52-week lows. A stock's decline in price does not necessarily make it less expensive. Canadian energy producers, which have seen earnings estimates collapse due to tumbling oil prices, are a good example of this point. Mr. Kawa says analysts expect his picks to produce positive year-over-year growth in earnings per share in 2015. Since earnings growth will be hard to come by for the benchmark American index, firms that are able to boost profits this year stand a solid chance of being rewarded by the market if they are able to make good on projected growth. Mr. Kawa's Canadian picks are Home Capital Group, Bank of Montreal, Bank of Nova Scotia, Laurentian Bank of Canada, Capital Power and Enerflex.

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