The Bank is a full-service financial institution, active in both domestic and international markets. In Canada the Bank provides a full range of retail, commercial, corporate, investment and wholesale banking services.
BATS data provided in real-time. NYSE, NASDAQ and AMEX data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates and Analyst Ratings provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions
RSS Headlines
Fool UK
Recs
Instead of looking at the US market for expension in recent years, like some other Canadian banks have done, BNS has been establishing a stronger presence in so-called "emerging markets" like Latin America (in the Carabean, Mexico, Costa Rica, El Salvador, Chile) and Asia (China, India).
Good and consistent ROE at around 20%, EPS growth of 10%, and a dividend yield of 3%. The Canadian banking market is more regulated than the US one, so this provides a further moat against competitors.
Although I am not a customer of BNS (in Quebec, the banks take second place to Desjardins for personal financial services), I feel that its international strategy of focusing on Latin America and Asia instead of the US are a good edge against the future weakness of the US dollars, which I believe will continue for a long time, and a bet on the developping markets of Latin America. I am a bit less sure about the Asia exposure, but I believe the risk it represents is outweighted by the breadth of exposure internationally, and by the domestic market.
I started a DRIP on BNS this year, and plan on contributing to it for a long long time, so I decided I might as well put my mouth where my money is. :o)