Bank of Nova Scotia reports earnings on Tuesday. Of the five major banks, the BNS has the highest INK Edge ranking, which is based on value, insider commitment (buying and holdings) and price momentum.
While INK Edge outlooks are not a predictor for future profits, we would note that the BNS has been outperforming its peers over the past three months as of mid-February.
Meanwhile, three insiders have bet on the bank’s future, spending a combined $612,793 buying shares in the public market in December.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.