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Bank of Nova Scotia has been running in the middle of the bank pack so far this year, up 4 per cent. However, in August, it was the only big bank to deliver a positive price return, up 0.5 per cent.

On balance, insiders are signalling that investors remain too downbeat.

Insiders bought last December when the stock fell and they are buying again. On Aug. 29, chief executive Brian Porter bought 3,500 common shares at $70.73. Also buying that day was director Scott Thomson, who purchased 1,500 shares at $69.90.

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.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 22/05/24 3:55pm EDT.

SymbolName% changeLast
BNS-T
Bank of Nova Scotia
-1.33%65.33

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