Scotiabank has the largest percentage of its earnings derived from international operations of any Canadian bank (40%). It is a leading financial services provider in Canada, Latin America, the Caribbean, Central America, and Asia Pacific. The bank offers a complete range of financial services, with particular strengths in commercial lending, wealth management, and capital markets.
Wealth Builder
Sorry, you do not have access to this content.Income Investor
Sorry, you do not have access to this content.Although shares are down 11% over the past year because of dilution from issuing shares for its wealth management acquisitions, Scotia is selling at a p/b of 1.48, the cheapest among the Big Six banks. It remains a Buy for its strong capital position, excellent cost control, and exposure to the fast-growing Pacific Alliance countries. - Gavin Graham
Current Advice
Buy
Consult your broker/advisor
Capital Gain/Loss
44.7%