Bank of Nova Scotia (BNS) is the third largest of the Canadian banks by market cap. The company provides a diversified array of financial services operating via four segments: Canadian Banking, International Banking, Global Banking and Markets, and Other. Scotiabank, as it is commonly known, is the most international of the Canadian banks with an extensive operation outside Canada. BNS was founded in 1832 and is headquartered in Halifax, Canada.
A Closer Look
The Canadian banks are regarded as some of the safest financial institutions in the world. The companies have a long track record of being conservative and focused on long-term stability and prosperity. Most of these institutions have existed and paid dividends for more than 150 years and make for great core positions in any investor’s portfolio.
Bank of Nova Scotia is touted as the most international of the Canadian banks and is well diversified across various geographies. Over the last few years, the bank has decided to pull back from some Latin American markets, but has increased its exposure to other countries such as Mexico, as it sees better opportunity.