BNS is executing its strategy to be the "leading bank in the Americas," which emphasizes growth in Latin American markets. I evaluated the prospects for this strategy in my last article and concluded that the international focus provides potential for BNS to outperform its peers, but also adds additional risks to the business model.
This article continues the evaluation of BNS. First the relative value of the bank is considered, then the quality of the balance sheet and composition of assets and liabilities are evaluated for future performance against its peer group.
Relative valuation
The