Report
Stephen Ellis
EUR 147.86 For Business Accounts Only

Diversity in Scotiabank's revenue should help it through medium-term economic slowdowns.

Like most of the Canadian banks, Bank of Nova Scotia, or Scotiabank, is addressing recurring expenses as more customers choose to bank digitally while also addressing elevated levels of problem energy credits. Nevertheless, Scotiabank’s second-quarter results continue to be driven by the strength of its Canadian and International banking segments. Therefore, we are maintaining our fair value estimate of $58/CAD 77 for the wide-moat bank. To address expenses, Scotiabank announced that as part of ...
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
Stephen Ellis

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