Bank of Nova Scotia, Fiscal 2019 Earnings & Price Target Update
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Scotiabank (BNS) is Canada's international bank and a financial services provider in North America, Latin America, Central America, and Asia-Pacific. Canadian Commercial and Personal Banking comprise 39% of net income, International Commercial and Personal banking – 36%. Canadian Wealth Management – 16%, Global Banking -15%. Canada contributes 50% of earnings, Peru -10%, Caribbean-9%, the US at 8% with the balance split between Chile, Columbia, Europe and South East Asia. Total assets as of Oct-31-2019 were $1.086T, compared to $998B Oct-31-2018, an increase of 8.8%. They are Canada's third largest bank measured by assets.
Mar-2019: acquired 97.44% of Banco Dominicano del Progreso, a bank with operations in Dominican Republic for $440M.
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