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Stock impact report

Scotiabank: MD Financial Acquisition Will Be Beneficial In The Long Term [Seeking Alpha]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Summary Investment Thesis Scotiabank ( BNS ) (TSX: BNS ) recently announced to acquire MD Financial Management, a firm that focuses to serve Canada's physicians and its families. This acquisition allows Scotiabank to reach to a group of customers who have high net-worth. In addition, this group of HNW customers generates stable and excessive incomes that are not impacted by an economic recession. Moreover, the acquisition will allow Scotiabank to cross-sell its products and services and realize cost synergies. Scotiabank is currently trading at a valuation slightly below its Canadian peers. Therefore, we believe investors should be careful given the bank's exposure in Latin America. Source: YCharts Who is MD Financial Management? Let us first begin with a quick summary of MD Financial Management. The company is the only financial services firm exclusively dedicated to serve Canada's physicians and their families. The company currently has about 110 tho Show less Read more
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