Well folks we’ve got our first set of bank earnings out and the market didn’t like them.
Bank of Nova Scotia (TSX: BNS), or as every normal person calls it, Scotiabank, has released their fourth quarter results, and the market responded by selling off the stock by about 3.5%.
The gripe here appears to be slowing growth and impairments as a result of the slowdown in China, which is impacting the value of some of Scotia’s investments.
All right, let’s dive in.
Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
