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.Net profits for the year ended Oct. 31 were down by one-third, from $2.1 billion ($1.02 per share) to $1.4 billion ($1.63 per share), or $1.26 per share adjusted for exceptional items. These included $590 million in charges for a 50% write-down on its stake in Bank of Xian in China, cutting 1,500 staff (3% of its workforce), and markdowns on some its office properties. That was partially offset by a $319 million profit on the sale of its stake in Canadian Tire Financial Services business. - Gavin Graham
Current Advice
Buy
Consult your broker/advisor
Capital Gain/Loss
22.4%
Interactive Performance Chart
BNS was first recommended here on August 29, 2007