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Rating: BNS

Bank Of Nova Scotia (NYSE: BNS) rated to Buy by Desjardins

Friday,  Jan 8, 2016  5:25 PM ET by Betsy O'Brien Harrison

Desjardins rated Bank
Of Nova Scotia (NYSE: BNS) to Buy.

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.


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