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.
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All right, let’s dive in.
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