Thursday, February 2, 2012

Bank of Nova Scotia could raise $1.65B with share offering

Today, Bank of Nova Scotia will offering sale of its share priced at $50.25. It is a smart move by Bank of Nova Scotia as it seems to be in a good market right now to issue more stocks. Same as Facebook announced it will too issue IPO in a few months of this year. It is one the most talked about IPOs of the year.

BNS is $50 has a strong support and it is a good entry. If it fell below $48, it will turn into a negative trend for the stock. BNS has increase dividend from $0.49 to $0.52 last year on April 1, 2011.

More news from National Post

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