Scotiabank is the most internationally oriented of the Big Six Canadian chartered banks, with approximately 35% of its earnings coming from its international operations, primarily from Mexico, Colombia, Peru, and Chile.
Wealth Builder
Sorry, you do not have access to this content.Income Investor
Sorry, you do not have access to this content.The bank trades at a price/earnings ratio of less than 11 times with rebounding earnings. It has been an under performer amongst the banks over the last couple of years but is now well positioned to benefit from rising interest rates and margins, expanding wealth management business, and the turnaround in its international operations. - Gavin Graham
Current Advice
Buy
Consult your broker/advisor
Capital Gain/Loss
66.6%