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Bank Of Nova Scotia (the) (BNS) [hlAlert]

down 23.10 %

Bank Of Nova Scotia (the) (BNS) upgraded to Overweight with price target $61 by Barclays

Posted on: Wednesday,  Feb 20, 2013  2:25 PM ET by Barclays

Barclays rated Overweight Bank Of Nova Scotia (NYSE: BNS) on 02/20/2013. Previously Barclays rated Equal
Weight Bank Of Nova Scotia (NYSE: BNS) on 08/07/2012., when the stock price was $52.87. Since then, Bank Of Nova Scotia has gained 11.52% as of 02/20/2013's recent price of $58.96.

The Bank of Nova Scotia is a financial institution, active in both Canadian and international markets. In Canada, the Bank provides a range of retail, commercial, corporate, investment and wholesale banking services through its network of branches and offices. The Bank has three segments: Canadian Banking (formerly Domestic Banking), International Banking, and Scotia Capital. On September 22, 2008, The Bank acquired E*TRADE FINANCIAL Corp. During the fiscal year ended October 31, 2008, it acquired an additional 20% of Scotiabank Peru. The Bank completed the acquisition of Chile?s Banco del Desarrollo on November 26, 2007. In March 2009, the Company announced the acquisition of a majority interest in Five Continents Financial Ltd. (FCFL), a global asset management company.

Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/20/2013 2:25 PM Buy
58.96 61.00
as of 12/13/2013
1 Week down  -1.09 %
1 Month down  -4.28 %
3 Months up  3.55 %
1 YTD up  0.71 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/7/2012 8:36 PM None

(*) Stock Price at the time of the recommendation.
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