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Strategy of buying last year’s bank laggard holds up with Scotiabank Add to ...

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When Bank of Nova Scotia reported strong quarterly results on Tuesday, it gave a big boost of credibility to a stock-picking strategy that works wonders with Canada’s biggest lenders: Buy last year’s laggard. Scotiabank’s stock has been the best performer among the big banks this year and the gains seemed justified by a fourth-quarter profit of more than $2-billion.

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