Tag: Scotiabank
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The comparison of 5 Canadian banks fundamental data
by Hassan Keshavarz Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada Royal Bank of Canada (RBC), Toronto Dominion (TD), Scotiabank (BNS), Bank of Montreal (BMO), and Laurentian Bank (LB) While the interest rates remain high and the banks’ profitability has declined, RBC and TD, above all other banks, continue to compete…
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Fundamental analysis of Scotiabank, based on the 2023 financial report
by Hassan Keshavarz Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada In 2023, the main ratios of Scotiabank’s profitability have been the lowest compared to the last 3 years’ average. This is because of the higher cost of the short-term liabilities (deposit interest expense) versus the gain of the long-term assets…