Report
Eric Compton
EUR 101.80 For Business Accounts Only

Digital investment and efficiency gains should pay off for Bank of Nova Scotia.

Bank of Nova Scotia reported fiscal fourth-quarter and full-year results that were largely in line with our expectations for the firm and do not alter our long-term thesis. We are increasing our fair value estimate to CAD 77 from CAD 73 for Canadian shares, and increasing our fair value estimate for U.S. shares to $60 from $59. This is partially due to the time value of money, updated exchange rates, and also from incorporating the latest quarterly results. Overall, the bank largely met its guid...
Underlying
Bank of Nova Scotia

Scotiabank is a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. Through its three operating segments: Canadian Banking, International Banking, and Global Banking and Markets, Co. provides a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. As of Oct 31 2017, Co. had total assets of C$915,273 million and total deposits of C$625,367 million.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Eric Compton

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