Scotiabank (BNS)

Add a New Bulls Reason Company: Scotiabank (BNS) Current price: Headline: (100 character max) Analysis: Cancel 100% agree 2 votes   BNS has a solid presence in Mexico, Latin America, and Caribbean markets. Top Contributor: Andrew Liyana | Created when NYSE:BNS was $27.29 | Edit | History Scotiabank generates 35% of its revenue outside of Canada. The spread it earns on loans in these foreign markets is greater than what it makes in Canada. Higher margins translates to more profits for BNS. (100 character max) Cancel 100% agree 1 votes   Canadians financial position will limit losses on mortgages. Top Contributor: Andrew Liyana | Created when NYSE:BNS was $27.29 | Edit | History As of July 2008, the loan delinquency rate in Canada was only 0.29% compared to 2.20% in the United States. Canadians homeowner's equity as a percentage of total real estate assets is 70% versus 48% in the US. The higher equity percentage and more conservative lending practices will prevent a financial fallout that is unwinding in the United States. (100 character max) Cancel 100% agree 1 votes   BNS has limited exposure to US subprime. Top Contributor: Andrew Liyana | Created when NYSE:BNS was $27.29 | Edit | History Scotiabank does not have retail operations in the United States. Also, as of the end of FY 2008, BNS did not own any US sub-prime mortgages directly and did not have any exposure to auction rate securities. Similar, its remaining exposure to Collateralized debt obligations is C$420m. Further, BNS reports that it has no exposure to Alt-A loans in the US or equivalent loans in Canada. This avoidance to troubled sectors will keep writedowns minimal compared to peers. (100 character max) Cancel

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