Seeking Alpha

BMO upgraded, Scotiabank cut following earnings

  • Scotiabank's (BNS -0.1%) underlying results were weak, with international operations continuing to falter, says Credit Suisse, pulling its Outperform rating on the stock. TD Securities pulls the name from its Action List Buy, but still rates the bank a Buy.
  • Previously: Bank of Nova Scotia misses by C$0.01, beats on revenue
  • Liking what it saw from Bank of Montreal's (BMO +2.2%) sizable earnings beat, TD boosts the stock to a Buy from Neutral.
  • Previously: Bank of Montreal beats by C$0.07
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