Scotiabank Q4 2009 Earnings

TD Securities, 9 December 2009Yesterday before market open, the bank reported core cash FD-EPS of C$0.89 vs TD Newcrest of C$0.86 and Consensus of C$0.87.ImpactSlightly positive. Not one of the strongest results this season. However, key credit trends came in well below expectations with PCLs at C$420 million (vs TD Newcrest at C$505 million). Domestic continues to perform with good margin