Bank of Nova Scotia
Score: Positive (69)
3 days at current score.
Upgraded from Neutral on August 10th 2017
- This company ranked positively in 3 out of 4 IHS Markit Categories and also compared to the Financials sector
- Perception of the company's creditworthiness is neutral
- ETFs holding this stock are seeing positive inflows
- Bearish sentiment is low
- Economic output in this company's sector is expanding
Short interest | Positive
Short interest is extremely low for BNS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BNS.
ETF/Index ownership | Positive
ETF activity is positive but appears to be weakening. Over the last month, growth of ETFs holding BNS is favorable, with net inflows of $4.04 billion. This is among the highest periods of net inflows seen over the last one-year, but the rate of additional flows appears to be decreasing.
PMI by IHS Markit | Positive
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year.
Credit default swap | Neutral
The current level displays a neutral indicator. BNS credit default swap spreads are within the middle of their range for the last three years.
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