1 Bank Stock Up 25% to Buy for Lifetime Income
Bank of Nova Scotia (TSX:BNS) has had its fair share of challenges over the past year. Yet for long-term income seekers, that's exactly why it might deserve a closer look. Shares have climbed 25% over the last 12 months yet still offer a yield north of 5.6%, making it one of the most generous dividend payers among Canada's Big Six banks. The recent earnings tell a story of resilience in some areas and weakness in others. This creates a situation where patient investors could lock in attractive income and wait for the growth side of the equation to improve.
Into earnings
In the second quarter of 2025, Scotiabank reported net income of $2.03 billion, down slightly from $2.09 billion a year earlier, with diluted earnings per share (EPS) falling to $1.48 from $1.57. Adjusted numbers were a touch better but still showed year-over-year declines. The biggest drag came from Canadian Banking, where earnings dropped 31% due to a jump in provisions for credit losses and margin compression.
This was partly offset by strength in International Banking, which posted a 7% gain in adjusted earnings thanks to lower credit losses and improved productivity. Furthermore, Global Wealth Management grew earnings by 17% on higher fees and net interest income. Global Banking and Markets also chipped in with a 10% increase on strong capital markets performance.
The key pressure point is credit risk. Provisions for credit losses rose sharply to $1.4 billion from $1 billion a year ago. This reflects a deterioration in macroeconomic conditions across Canada, the U.S., and Mexico, and ongoing uncertainty related to U.S. tariffs. Much of the increase was in performing loan provisions, as the bank built buffers against potential future defaults. While this dents short-term profitability, it also shows a conservative approach to risk management that should help protect the balance sheet if the economic slowdown worsens.
Looking ahead
Despite these headwinds, Scotiabank's capital position remains strong, with a Common Equity Tier 1 ratio of 13.2%, well above regulatory minimums. Management also raised the quarterly dividend to $1.10, a 4% increase. Over the past five years, Scotiabank's dividend yield has averaged above 5.6%, and while payout ratios have crept higher, the bank's consistent earnings power and robust capital base make the dividend appear sustainable.
Looking back over the past year, the dividend stock saw a notable recovery from its 52-week low of $62.47, hitting a recent high just over $80 before settling in the high $70s. That bounce reflects investor confidence that the worst of the earnings pressure may be behind it. With the forward price/earnings (P/E) at just over 10, the valuation is hardly stretched, especially for a bank with Scotiabank's international diversification and income appeal.
For income investors, the trade-off is clear. In the short term, earnings growth is likely to be modest as the bank continues building reserves and managing through economic uncertainty. But for those focused on lifetime income, locking in a yield above 5.6% from a well-capitalized, globally diversified bank is compelling. Over time, as provisions normalize and revenue expands, that dividend could grow steadily, compounding total returns. Even now, a $7,000 investment can bring in around $391 annually.
COMPANY
RECENT PRICE
NUMBER OF SHARES
DIVIDEND
TOTAL PAYOUT
FREQUENCY
TOTAL INVESTMENT
BNS
$77.94
89
$4.40
$391.60
Quarterly
$6,935.66
Bottom line
Scotiabank may not be the flashiest stock on the market right now, but its combination of a high yield, strong capital ratios, and a conservative approach to risk makes it a solid anchor in a long-term portfolio. For investors willing to look past the near-term noise, this could be one of the better opportunities to secure dependable income for years to come.
The post 1 Bank Stock Up 25% to Buy for Lifetime Income appeared first on The Motley Fool Canada.
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At the same time, the Company is more selective on which federal sales opportunities we pursue, reallocating resources to higher-margin Critical Services and commercial opportunities. Combined with changes in revenue recognition and a more selective, strategic bidding approach, these shifts are smoothing revenue and supporting healthier margins over time. Q2 2025 Financial Results Webinar Details Plurilock's CEO Ian L. Paterson and CFO Scott Meyers will host a live webinar on Wednesday, August 20, 2025, at 11am ET to review the results, provide Company updates and answer investor questions following the presentation. Date: Wednesday, August 20, 2025 Time: 11am ET / 8am PT Webinar: Register A recording of the webinar and supporting materials will be made available on the investor relations page of the Company's website. Summary of Key Financial Metrics Three months ended June 30, Six months ended June 30, Restated-Note 26 Restated-Note 26 2025 2024 2025 2024 $ $ $ $ Revenue 16,404,963 14,305,546 35,445,577 27,140,854 Hardware and systems sales 1,350,705 2,167,319 4,070,937 3,529,551 Software, license and maintenance sales10,785,841 10,492,062 23,367,659 20,557,340 Professional services 4,268,417 1,646,165 8,006,981 3,053,963 Gross margin (%) 12.0% 14.7% 12.1% 14.4% Net loss for the period (2,230,829 )(3,733,983 )(5,243,192 )(5,536,232 ) Basic and diluted loss per share - for the period(0.03 )(0.10 )(0.07 )(0.27 ) EBITDA(1) (1,945,546 )(3,416,800 )(4,104,462 )(4,576,128 ) Reconciliation of EBITDA: Net loss for the period (2,230,829 )(3,733,983 )(5,243,192 )(5,536,232 ) Foreign exchange translation gain/(loss)89,039 (36,779 )679,992 86,206Amortization 46,730 81,416 149,238 186,272Interest expenses 139,670 262,485 299,656 679,144Impairment on assets - 1,579 - - Adjusted EBITDA(1) (1,400,359 )(2,422,291 )(2,675,180 )(1,643,193 ) Reconciliation of adjusted EBITDA: EBITDA(1) (1,945,546 )(3,416,800 )(4,104,462 )(4,576,128 ) Stock-based compensation 209,093 377,959 433,435 438,798Financing expenses 15,550 215,285 241,367 219,128Acquisition-related expenses 41,609 87,975 108,552 92,255Investor relations 278,935 313,290 647,597 365,284Loss (gain) on disposal of assets- - - 1,817,470 June 30,2025 December 31,2024 $ $ Cash and cash equivalents 1,719,643 1,399,463 Restricted cash 20,000 20,000 Total current assets 25,092,452 30,510,681 Total assets 28,681,606 34,473,190 Total current liabilities 30,986,804 39,266,753 Total liabilities 31,341,919 39,614,489 Weighted average common shares outstanding (millions)78.5 37.5 Note: (1) Non-GAAP measure. Earnings before interest, taxes, depreciation, and amortization ("EBITDA") and Adjusted EBITDA should not be construed as alternatives to net income/loss determined in accordance with IFRS. EBITDA and Adjusted EBITDA do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as earnings before interest, taxes, and amortization. Adjusted EBITDA is defined as EBITDA before stock-based compensation, financing, and acquisition related expenses. The Company believes that EBITDA and Adjusted EBITDA is a meaningful financial metric for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. Non-IFRS measures This news release presents information about EBITDA and Adjusted EBITDA, both of which are non-IFRS financial measures, to provide supplementary information about operating performance. Plurilock defines EBITDA as net income or loss before interest, income taxes, depreciation, and amortization. Adjusted EBITDA removes non-cash share-based compensation, financing, investor relations and acquisition-related expenses from EBITDA. The Company believes that EBITDA and Adjusted EBITDA is a meaningful financial metric for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. EBITDA and Adjusted EBITDA are not intended as a substitute for IFRS measures. A limitation of utilizing these non-IFRS measures is that the IFRS accounting effects of the adjustments do in fact reflect the underlying financial results of Plurilock's business and these effects should not be ignored in evaluating and analyzing Plurilock's financial results. Therefore, management believes that Plurilock's IFRS measures of net loss and the same respective non-IFRS measure should be considered together. Non-IFRS measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Readers should refer to the Company's most recently filed MD&A for a more detailed discussion of these measures and their calculations. Quarterly Filings Management's Discussion and Analysis and Interim Condensed Consolidated Financial Statements and the notes thereto for the fiscal period ended June 30, 2025, can be obtained from Plurilock's corporate website at and under Plurilock's SEDAR+ profile at About Plurilock Plurilock is a services-led, product-enabled, AI-native cybersecurity company that solves complex cyber problems in high-stakes environments where failure isn't an option. Trusted by Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises, we defend critical infrastructure and safeguard the systems that power modern life. Our Critical Services division delivers operational resilience through unmatched expertise, proprietary IP, and AI-driven playbooks. For more information, visit or contact: Ian L. PatersonChief Executive Officerian@ Ali HakimzadehExecutive Chairmanali@ Sean PeasgoodInvestor Relationssean@ Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at To view the source version of this press release, please visit Sign in to access your portfolio
