The Best Ultra-High-Yield Bank Stock to Invest $10,000 in Right Now

Banks aren't supposed to be exciting. They are supposed to provide basic services that help the world function on the financial front. Boring is good, but it often doesn't lead to a stock that has an ultra-high dividend yield. That said, Bank of Nova Scotia (NYSE: BNS) is boring enough to buy but "exciting" enough to have a lofty dividend yield. Here's why you might want to jump on this ultra-high-yield bank if you have $10,000 to invest right now.Bank of Nova Scotia, which generally goes by the nickname Scotiabank, isn't particularly different from most other large banks. It provides customers with the basics, like bank accounts, checking accounts, and mortgages. It deals with business customers, too. But on top of that it also adds things like wealth management and investment banking. In this way it not only competes with local banks, but also with giants like Bank of America or Citigroup.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool