The Bank of Nova Scotia (BNS) is a Canada-based diversified financial institution. The Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 21 million customers in more than 55 countries around the world. The Bank has four business lines: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management. The Canadian Banking segment provided a range of banking and investing services to more than 7.7 million customers across Canada, through a network of 1,190 branches, 3,869 automated banking machine (ABMs), as well as telephone, Internet banking and third-party channels. International Banking includes Scotiabank’s retail and commercial banking operations in more than 55 countries outside Canada. Global Wealth Management (GWM) consists of wealth management insurance and Global Transaction Banking businesses.
Reported before open today (11/29/16) Earnings: EPS $1.57 Revenue $6.75B Estimates: EPS $1.12 Revenue $4.92B
Bank of Nova Scotia: Canada’s Most International Bank Reports Solid 2016 Earnings http://www.suredividend.com/bns-earnings/
Ugh... I seemed to have bought this at the top. Ever since I bought it, it went on a long slide down. I managed to buy it at $84.70 and wonder if I'll ever see that again. At the time, I thought it was a good buy, because they owned Tangerine, which seems like a solid product with a future. The moment it reaches my buy price, I'll kick it to the curb, though. If you see how Royal Bank is reaping billions in profit, I wonder why BNS isn't going along on the same ride up.
I've been watching BNS for several years. It appears to be a good value as a long term hold but it's never been the best value so I still don't own it. It looks like a good company to own, from my perspective.