RBC CM's Preview of Scotiabank Q1 2006 Earnings

RBC Capital Markets, 1 March 2006BNS reports Q1/06 earnings on March 3. We are looking for cash EPS of $0.86 versus the Thomson First Call mean estimate of $0.82.Investment Opinion� Expecting BNS to Beat Consensus. Our Q106 estimate would drive 11% YoY growth. We have factored revenue growth at +10% YoY, still up +9% excluding securities gains. Last quarter the bank delivered +11% core revenue