{"id":1464,"date":"2018-09-12T14:17:14","date_gmt":"2018-09-12T14:17:14","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=1464"},"modified":"2022-12-01T13:33:01","modified_gmt":"2022-12-01T18:33:01","slug":"this-bank-is-on-a-shopping-spree-in-latin-america-its-a-canadian-bank","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/this-bank-is-on-a-shopping-spree-in-latin-america-its-a-canadian-bank\/","title":{"rendered":"This Bank is on a Shopping Spree in Latin America (It&#8217;s a Canadian Bank)"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-medium wp-image-1509\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2018\/09\/unspecified-2-760x475.png\" alt=\"unspecified\" width=\"760\" height=\"475\" \/>[adinserter block=&#8221;4&#8243;]<\/p>\n<p>&#x1f914; <strong>What Financial Institution is Canada\u2019s Most International Bank?<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Discover What&#039;s Inside<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/stockchase.com\/discover\/this-bank-is-on-a-shopping-spree-in-latin-america-its-a-canadian-bank\/#Canadas_Most_International_Bank\" >Canada&#8217;s Most International Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/stockchase.com\/discover\/this-bank-is-on-a-shopping-spree-in-latin-america-its-a-canadian-bank\/#Scotiabanks_future_growth_and_vision\" >Scotiabank&#8217;s future growth and vision<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/stockchase.com\/discover\/this-bank-is-on-a-shopping-spree-in-latin-america-its-a-canadian-bank\/#BNS-T\" >BNS-T<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/stockchase.com\/discover\/this-bank-is-on-a-shopping-spree-in-latin-america-its-a-canadian-bank\/#Bank_of_Nova_Scotia\" >Bank of Nova Scotia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/stockchase.com\/discover\/this-bank-is-on-a-shopping-spree-in-latin-america-its-a-canadian-bank\/#Acquisitions_in_Canada\" >Acquisitions in Canada<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/stockchase.com\/discover\/this-bank-is-on-a-shopping-spree-in-latin-america-its-a-canadian-bank\/#What_stock_experts_are_saying_about_BNS\" >What stock experts are saying about BNS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/stockchase.com\/discover\/this-bank-is-on-a-shopping-spree-in-latin-america-its-a-canadian-bank\/#A_buying_opportunity_under_80\" >A buying opportunity under $80<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/stockchase.com\/discover\/this-bank-is-on-a-shopping-spree-in-latin-america-its-a-canadian-bank\/#It_keeps_expanding_its_International_presence\" >It keeps expanding its International presence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/stockchase.com\/discover\/this-bank-is-on-a-shopping-spree-in-latin-america-its-a-canadian-bank\/#45_Yield\" >4.5% Yield<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Canadas_Most_International_Bank\"><\/span>Canada&#8217;s Most International Bank<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The one Canadian Bank which stands ahead in internationalization is Bank of Nova Scotia for sure. The Bank of Nova Scotia is an international bank and a financial services provider in :<\/p>\n<p>&#x1f1e8;&#x1f1e6; North America<br \/>\n&#x1f1f2;&#x1f1fd; Latin America<br \/>\n&#x2600;&#xfe0f; Caribbean<br \/>\n&#x1f1f5;&#x1f1e6; Central America<br \/>\n&#x1f30f; Asia-Pacific<\/p>\n<p>It divides its operations into Canadian Banking, International Banking, Global Banking and Markets and other, which represents smaller operating segments, including Group Treasury.<\/p>\n<p class=\"highlighted\">Latin America&#8217;s business operations are expected to become the largest contributor to the Nova Scotia Bank with recent acquisitions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Scotiabanks_future_growth_and_vision\"><\/span>Scotiabank&#8217;s future growth and vision<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With its recent Pacific Alliance expansion, International Acquisitions of both BBVA Chile and Citibank Colombia, international expansion cements Scotiabank&#8217;s&#8217; future growth and vision.<\/p>\n<figure class=\"page__logo\" style=\"border: 1px solid #ccc;\">\r\n   <img alt=\"no logo icon @2x\" decoding=\"async\" src=\"https:\/\/data.wealthica.com\/api\/securities\/BNS-T\/logo?default=https:\/\/stockchase.com\/images\/no%20logo%20icon%20@2x.png\"> \r\n<\/figure>\r\n<h6><span class=\"ez-toc-section\" id=\"BNS-T\"><\/span>BNS-T<span class=\"ez-toc-section-end\"><\/span><\/h6>\r\n<h3><span class=\"ez-toc-section\" id=\"Bank_of_Nova_Scotia\"><\/span><a href=\"https:\/\/stockchase.com\/BNS-T\">Bank of Nova Scotia<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<!-- TradingView Widget BEGIN -->\r\n<div class=\"tradingview-widget-container\">\r\n  <div id=\"tradingview_1756aa\"><\/div>\r\n  <div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/symbols\/TSX-BNS\/\" rel=\"noopener\" target=\"_blank\"><span class=\"blue-text\">BNS chart<\/span><\/a> by TradingView<\/div>\r\n  <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/tv.js\"><\/script>\r\n  <script type=\"text\/javascript\">\r\n  new TradingView.widget(\r\n  {\r\n  \"autosize\": true,\r\n  \"symbol\": \"TSX:BNS\",\r\n  \"interval\": \"D\",\r\n  \"timezone\": \"Etc\/UTC\",\r\n  \"theme\": \"Light\",\r\n  \"style\": \"3\",\r\n  \"locale\": \"en\",\r\n  \"toolbar_bg\": \"#f1f3f6\",\r\n  \"enable_publishing\": false,\r\n  \"hide_top_toolbar\": true,\r\n  \"allow_symbol_change\": true,\r\n  \"save_image\": false,\r\n  \"referral_id\": \"12055\",\r\n  \"container_id\": \"tradingview_1756aa\"\r\n}\r\n  );\r\n  <\/script>\r\n<\/div>\r\n<!-- TradingView Widget END -->\r\n\u00a0\n<p>In its acquisition presentation, BNS presents itself as the leading bank in the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Pacific_Alliance\" target=\"_blank\" rel=\"noopener\">Pacific Alliance<\/a> which is formed by Chile, Colombia, Mexico and Peru.<\/p>\n<p>Notable acquisitions in the last years include :<\/p>\n<p>&#x1f1e8;&#x1f1f4; Citibank Colombia (2018)<br \/>\n&#x1f1e8;&#x1f1f1; BBVA Chile (2017)<br \/>\n&#x1f1e8;&#x1f1f1; Cencosud C.A. Chile (2015)<br \/>\n&#x1f1f5;&#x1f1ea; Citibank Peru (2015)<br \/>\n&#x1f1e8;&#x1f1f7; Citibank Costa Rica (2015)<br \/>\n&#x1f1f5;&#x1f1e6; Citibank Panama (2015)<\/p>\n<p><strong>\u00a0<img decoding=\"async\" class=\"alignnone wp-image-1465\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2018\/09\/Bruce-760x587.png\" alt=\"Bruce\" width=\"779\" height=\"601\" border=\"1\" \/><\/strong><br \/>\n<em>Source: <a href=\"https:\/\/www.scotiabank.com\/content\/dam\/scotiabank\/canada\/en\/documents\/17\/12\/BBVA_Chile_IR_Presentation.pdf\" target=\"_blank\" rel=\"noopener\">BNS PowerPoint Presentation<\/a> <\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Acquisitions_in_Canada\"><\/span>Acquisitions in Canada<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bank of Nova Scotia is also very active in the M&amp;A scene in Canada. It recently acquired MD Financial Canada&#8217;s leading provider of financial services to physicians and also Jarislowsky Fraser. Two strong names in the Canadian finance industry that are now owned by Scotia.<\/p>\n<p>It currently ranks third in Canada in term of Market Cap and Deposits, it has great potential to climb the ladder faster over the next years.<\/p>\n<p>&#x1f451; RBC: $85B<br \/>\n&#x1f341; TD: $75B<br \/>\n&#x1f40b; SCOTIA: $60B<\/p>\n<p>Source: <a href=\"https:\/\/www.investopedia.com\/articles\/investing\/082015\/3-biggest-canadian-banks.asp\" target=\"_blank\" rel=\"noopener\">Investopedia<\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_stock_experts_are_saying_about_BNS\"><\/span>What stock experts are saying about BNS<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"A_buying_opportunity_under_80\"><\/span>A buying opportunity under $80<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Expert Bruce Campbell likes the diversification of the Banking business across the International market. The stock price got corrected for some time because of its recent acquisition of the third largest bank in Chile.<\/p>\n<div class=\"perfect-pullquote vcard pullquote-align-full pullquote-border-placement-left\"><blockquote><p>It is split between Canada and international markets including Chile, Mexico and the Philippines. \u00a0He likes that diversification. \u00a0The stock price is still recovering from a recent $1.5 billion acquisition. \u00a0He thinks it is a buying opportunity at a level less than $80. <\/p><footer itemscope itemtype=\"http:\/\/schema.org\/Person\"><cite><span itemprop=\"name\">Bruce Campbell<\/span><\/cite><\/footer><\/blockquote><\/div>\n<h3><span class=\"ez-toc-section\" id=\"It_keeps_expanding_its_International_presence\"><\/span>It keeps expanding its International presence<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Expert <a href=\"https:\/\/stockchase.com\/expert\/view\/1006\">Norman Levine<\/a> seems to be bullish over Bank of Nova Scotia. He likes it especially because it has lesser Operations in Canada. BNS has more operative branches in Latin America and Asia. It keeps on expanding its International presence through regular acquisitions.<\/p>\n<div class=\"perfect-pullquote vcard pullquote-align-full pullquote-border-placement-left\"><blockquote cite=\"https:\/\/stockchase.com\/expert\/view\/1006\"><p>This is the only Canadian bank he owns. He likes it because it has the least exposure to Canada of the Canadian banks and it is the most international bank, having operations in Latin America and Asia. Scotiabank has been making acquisitions that use its current capital and will take time to increase its earnings. The market is punishing it over the short term, but these are great long-term acquisitions.<\/p><footer itemscope itemtype=\"http:\/\/schema.org\/Person\"><cite><a href=\"https:\/\/stockchase.com\/expert\/view\/1006\" class=\"url\" target=\"_blank\" itemprop=\"url\"><span itemprop=\"name\">Norman Levine<\/span><\/a><\/cite><\/footer><\/blockquote><\/div>\n<h3><span class=\"ez-toc-section\" id=\"45_Yield\"><\/span>4.5% Yield<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Expert <a href=\"https:\/\/stockchase.com\/expert\/view\/1274\/Christine-Poole\">Christine Poole<\/a> considers the current price as an entry point.<\/p>\n<div class=\"perfect-pullquote vcard pullquote-align-full pullquote-border-placement-left\"><blockquote cite=\"https:\/\/stockchase.com\/expert\/view\/1274\"><p>This is down year to date and has lagged the group. This was the only one of the large Canadian banks that missed estimates last quarter. The bank did some big acquisitions and offered equity at the $76 level (close to the current price of $75.12) to fund acquisitions. She thinks the price is attractive&#8211;the bank is well managed, they\u2019ve put money into the wealth management area, which she expects to be a long-term growth area. She owns some Scotiabank. It has not been a core holding but she is buying now, viewing the current price as an entry point. Yield 4.5%.<\/p><footer itemscope itemtype=\"http:\/\/schema.org\/Person\"><cite><a href=\"https:\/\/stockchase.com\/expert\/view\/1274\" class=\"url\" target=\"_blank\" itemprop=\"url\"><span itemprop=\"name\">Christine Poole<\/span><\/a><\/cite><\/footer><\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"<p>[adinserter block=&#8221;4&#8243;] &#x1f914; What Financial Institution is Canada\u2019s Most International Bank? Canada&#8217;s Most International Bank The one Canadian Bank which stands ahead in internationalization is Bank of Nova Scotia for sure. The Bank of Nova Scotia is an international bank [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":1509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[17],"tags":[37],"class_list":["post-1464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lists","tag-canadian-banks"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/1464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=1464"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/1464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/1509"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=1464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=1464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=1464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}