Bank of Nova Scotia (TSX:BNS), affectionally called Scotiabank by its users and investors, is a top Canadian bank stock many investors consider for its long-term total returns. That makes sense, looking at the chart below and the fact that this top dividend stock is now trading near its all-time high.
The company’s long-term performance has been stellar, and despite a dip last year around the regional banking crisis in the U.S. (which bled over into other international markets), Scotiabank has performed quite well. The company’s core business is its Canadian retail and wealth management business, though the company does have a strong presence in international banking and global markets/wealth management.
Here’s why I think this is a top Canadian bank worth considering right now, and where Scotiabank stock could be headed over the medium term.
Strong performance likely to continue
As mentioned, one of Scotiabank’s…
