AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Summary
- BNS’s stocks are up 24 per cent in the last three months.
- Senvest’s shares have amplified by 58 per cent year-to-date (YTD), with a price-to-cashflow ratio of 4.10.
- Both financial stocks have surpassed the S&P/TSX Capped Financial Index’s performance.
Financial services were severely crushed due to the coronavirus outbreak in 2020. After the COVID-19 vaccine arrival, the sector has started rebounding, and heading towards a V-shaped recovery. The S&P/TSX Capped Financial Index has recovered by 18 per cent in the last three months.
Scotiabank (TSX:BNS) announced on Monday, February 1, that it is accepting applications for the new Highly Affected Sectors Credit Availability Program. This program is developed in association with Business Development Bank of Canada. Canadian enterprises whose businesses have been impacted by the COVID-19 can now apply for this program to get up to a C$ 1 million low-interest loan. This customized credit facility would help businesses revive.
Senvest Capital Inc. (TSX:SEC) is one of the top financial services and price performers of this year. The asset management company’s stock has outperformed the benchmark index year-to-date.
Let us look at these two trending TSX-listed financial stocks’ performance:
Bank of Nova Scotia (TSX:BNS)
Scotiabank shares have gained almost 24 per cent in the last three months. The bank stock has completely recovered from the COVID-19 slump, with a marginal growth of 1 per cent in one year. But it has been trading flat this year.
The financial stock holds a 30-day average trading volume of approximately 5 million, according to the TMX site. The large-cap bank has a present market cap of C$ 83.25 billion and a price-to-earnings (P/E) ratio of 12.60. Its current stock price is C$ 68.67.
The lender pays C$ 0.90 quarterly dividend, with currently yields 5.242 per cent. Its return on equity (ROE) stands at 10.11 per cent, with earnings per share of 5.43.
In the fourth quarter of 2020, ended October 31, 2020, its reported net income was nearly C$ 1.9 billion from C$ 2.3 billion in the same period in 2019.
Image Source: Kalkine Group @2020
Senvest Capital Inc. (TSX:SEC)
The Montreal-based asset management firm has a portfolio of equity and real estate, largely located in the US. The small cap firm has stakes in self-storage estates in Spain.
Its stock’s one-year return is up by 55 per cent. The financial stock has rallied this year, with a massive growth of 58 per cent. Its current stock price stands at C$ 275.
Senvest Capital’s total listed shares outstanding is around 2.6 million, with the price-to-cashflow (P/CF) ratio of 4.10.
Its reported net income was C$28.9 million in the third quarter, ended on September 30, 2020, vis-à-vis a net income of C$ 21.1 million same quarter a year ago.
