Scotiabank Q4 2007 Earnings

RBC Capital Markets, 7 December 2007� Scotiabank's Q4/07 core cash EPS of $0.94 were below our estimate of $0.99 and consensus estimates of $1.00. The increase over Q4/06 was 9%.� Results were below our expectations in domestic banking on severe margin compression, but both international banking and wholesale banking divisions earned more than we had forecast.� The quarterly dividend was raised