This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.														Estimates	Estimates	Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.														Q1 2025	<-estimates
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/
Bank of Nova Scotia					TSX:	BNS	NYSE:	BNS	https://www.scotiabank.com/			Fiscal Yr:	Oct 31
Year	10/31/13	10/31/14	10/31/15	10/31/16	10/31/17	10/31/18	10/31/19	10/31/20	10/31/21	10/31/22	10/31/23	10/31/24	10/31/25	10/31/26	10/31/27	10/31/28		Value	Description	#Y	Item	Total G
Accounting Rules	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS					Accounting Rules
Split Date																					Split Date
Split																					Split
Adjusted Revenue	$21,343	$23,604	$24,049	$26,350	$27,155	$28,775	$31,161	$31,139	$31,252	$31,777	$31,940	$33,813	$37,731					56.89%	<-Total Growth	10	Adjusted Revenue	Non-GAAP Meausres
Change	8.33%	10.59%	1.89%	9.57%	3.06%	5.97%	8.29%	-0.07%	0.36%	1.68%	0.51%	5.86%	11.59%					4.61%	<-IRR #YR->	10	Revenue	56.89%
5 year Running Average	$18,607	$19,541	$20,972	$22,500	$24,500	$25,987	$27,498	$28,916	$29,896	$30,821	$31,454	$31,984	$33,303					3.92%	<-IRR #YR->	5	Revenue	21.17%
Revenue per Share	$17.66	$19.40	$19.99	$21.81	$22.64	$23.45	$25.62	$25.70	$25.71	$26.67	$26.31	$27.17	$30.53					4.73%	<-IRR #YR->	10	5 yr Running Average	58.79%
Increase	21.93%	9.87%	3.04%	9.12%	3.80%	3.57%	9.26%	0.31%	0.04%	3.73%	-1.36%	3.28%	12.35%					2.87%	<-IRR #YR->	5	5 yr Running Average	15.17%
5 year Running Average	$16.80	$16.98	$17.74	$18.67	$20.30	$21.46	$22.70	$23.85	$24.63	$25.43	$26.00	$26.31	$27.28					4.32%	<-IRR #YR->	10	Revenue per Share	52.70%
P/S (Price/Sales) Med	3.30	3.46	3.30	2.85	3.00	3.28	2.79	2.40	2.67	2.97	2.46	2.40	2.55					3.50%	<-IRR #YR->	5	Revenue per Share	18.77%
P/S (Price/Sales) Close	3.59	3.56	3.08	3.30	3.68	3.01	2.95	2.15	3.16	2.47	2.13	2.64	3.01					4.39%	<-IRR #YR->	10	5 yr Running Average	53.74%
*Total Revenue M CDN $					P/S Med	20 yr	2.91	15 yr	2.97	10 yr	2.73	5 yr	2.55		-100.00%	Diff M/C		2.73%	<-IRR #YR->	5	5 yr Running Average	14.39%
			-$24,049	$0	$0	$0	$0	$0	$0	$0	$0	$0	$37,731
								-$31,139	$0	$0	$0	$0	$37,731
			-$20,972	$0	$0	$0	$0	$0	$0	$0	$0	$0	$33,303
								-$28,916	$0	$0	$0	$0	$33,303
			-$19.99	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$30.53
								-$25.70	$0.00	$0.00	$0.00	$0.00	$30.53
			-$17.74	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$27.28
								-$23.85	$0.00	$0.00	$0.00	$0.00	$27.28
Interest Income	$18,822	$19,540	$20,287	$22,208	$23,927	$28,067	$32,784	$29,712	$24,986	$33,558	$56,824	$61,659	$57,602					183.94%	<-Total Growth	10	Interest Income
Other Income	$10,275	$11,639	$10,957	$12,058	$12,120	$12,584	$13,584	$14,016	$14,291	$13,301	$14,020	$14,418	$16,219					48.02%	<-Total Growth	10	Other Income
Total	$29,097	$31,179	$31,244	$34,266	$36,047	$40,651	$46,368	$43,728	$39,277	$46,859	$70,844	$76,077	$73,821					136.27%	<-Total Growth	10	Total
														$38,038	<-12 mths	0.79%
Revenue*	$21,343	$23,604	$24,049	$26,350	$27,155	$28,775	$31,034	$31,336	$31,252	$31,416	$32,307	$33,670	$37,741	$39,082	$41,173	$41,947		56.93%	<-Total Growth	10	Revenue
Increase	8.33%	10.59%	1.89%	9.57%	3.06%	5.97%	7.85%	0.97%	-0.27%	0.52%	2.84%	4.22%	12.09%	3.55%	5.35%	1.88%		4.61%	<-IRR #YR->	10	Revenue	56.93%
5 year Running Average	$16,853	$19,031	$16,178	$23,009	$24,500	$25,987	$27,473	$23,660	$29,910	$30,763	$31,469	$31,996	$33,277	$34,843	$36,795	$38,723		3.79%	<-IRR #YR->	5	Revenue	20.44%
Revenue per Share	$17.66	$19.40	$19.99	$21.81	$22.64	$23.45	$25.52	$25.87	$25.71	$26.37	$26.61	$27.06	$30.53	$31.62	$33.31	$33.94		7.48%	<-IRR #YR->	10	5 yr Running Average	105.69%
Increase	6.16%	9.87%	3.04%	9.12%	3.80%	3.57%	8.82%	1.36%	-0.58%	2.55%	0.92%	1.67%	12.86%	3.55%	5.35%	1.88%		7.06%	<-IRR #YR->	5	5 yr Running Average	40.65%
5 year Running Average	$15.06	$16.46	$17.72	$19.10	$20.30	$21.46	$22.68	$23.86	$24.64	$25.38	$26.02	$26.32	$27.26	$28.44	$29.83	$31.29		4.33%	<-IRR #YR->	10	Revenue per Share	52.74%
P/S (Price/Sales) Med	3.30	3.46	3.30	2.85	3.00	3.28	2.80	2.38	2.67	3.00	2.43	2.41	2.55	3.09	0.00	0.00		3.37%	<-IRR #YR->	5	Revenue per Share	18.05%
P/S (Price/Sales) Close	3.59	3.56	3.08	3.30	3.68	3.01	2.96	2.14	3.16	2.50	2.11	2.65	3.01	3.23	3.07	3.01		4.40%	<-IRR #YR->	10	5 yr Running Average	53.82%
*Total Revenue M CDN $					P/S Med	20 yr	3.08	15 yr	3.00	10 yr	2.74	5 yr	2.55		17.98%	Diff M/C		2.70%	<-IRR #YR->	5	5 yr Running Average	14.24%
			-$24,049	$0	$0	$0	$0	$0	$0	$0	$0	$0	$37,741
								-$31,336	$0	$0	$0	$0	$37,741
			-$16,178	$0	$0	$0	$0	$0	$0	$0	$0	$0	$33,277
								-$23,660	$0	$0	$0	$0	$33,277
			-$19.99	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$30.53
								-$25.87	$0.00	$0.00	$0.00	$0.00	$30.53
			-$17.72	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$27.26
								-$23.86	$0.00	$0.00	$0.00	$0.00	$27.26
														$7.28	<-12 mths	2.68%
Adjusted Net Income CDN$	$6,685	$7,360	$7,048	$7,424	$7,936	$8,659	$9,409	$6,961	$9,595	$10,230	$7,901	$8,627	$9,510					34.93%	<-Total Growth	10	Adjusted Net Income
Return on Equity ROE	16.48%	16.37%	14.36%	14.10%	13.92%	13.83%	14.43%	11.08%	14.82%	15.70%	11.48%	11.72%	12.36%					13.88%	<-Median->	10	Return on Equity ROE
5Yr Median	17.07%	17.07%	16.48%	16.37%	14.36%	14.10%	14.10%	13.92%	13.92%	14.43%	14.43%	11.72%	12.36%					14.10%	<-Median->	10	5Yr Median
Basic	$5.22	$5.73	$5.82	$6.17	$6.60	$7.14	$7.70	$5.74	$7.90	$8.53	$6.60	$7.04	$7.64					31.24%	<-Total Growth	10	AEPS
AEPS* Dilued	$5.17	$5.72	$6.05	$5.72	$6.54	$7.11	$7.14	$5.36	$7.87	$8.50	$6.54	$6.47	$7.09	$8.02	$9.01	$9.71		17.19%	<-Total Growth	10	AEPS
Increase	-3.00%	10.64%	5.77%	-5.45%	14.34%	8.72%	0.42%	-24.93%	46.83%	8.01%	-23.06%	-1.07%	9.58%	13.12%	12.34%	7.77%		10	0	10	Years of Data, EPS P or N	100.00%
5 year Running Average	$4.47	$4.95	$5.38	$5.60	$5.84	$6.23	$6.51	$6.37	$6.80	$7.20	$7.08	$6.95	$7.29	$7.32	$7.43	$8.06		1.60%	<-IRR #YR->	10	AEPS	17.19%
AEPS Yield	8.16%	8.29%	9.84%	7.94%	7.85%	10.06%	9.45%	9.68%	9.70%	12.91%	11.65%	9.02%	7.71%	7.85%	8.82%	9.50%		5.75%	<-IRR #YR->	5	AEPS	32.28%
Payout Ratio	46.23%	44.76%	44.96%	50.35%	46.64%	46.13%	48.88%	67.16%	45.74%	47.76%	63.91%	65.53%	60.93%	54.86%	48.83%	45.31%		3.09%	<-IRR #YR->	10	5 yr Running Average	35.63%
5 year Running Average	48.21%	45.31%	44.28%	45.48%	46.59%	46.57%	47.39%	51.83%	50.91%	51.14%	54.69%	58.02%	56.78%	58.60%	58.82%	55.10%		2.73%	<-IRR #YR->	5	5 yr Running Average	14.43%
Price/AEPS Median	11.27	11.75	10.90	10.86	10.39	10.83	10.02	11.49	8.74	9.32	9.91	10.07	10.99	12.19	0.00	0.00		10.23	<-Median->	10	Price/AEPS Median
Price/AEPS High	12.29	12.97	11.71	12.63	12.73	11.94	10.68	14.27	10.41	11.12	11.34	11.42	12.97	12.82	0.00	0.00		11.68	<-Median->	10	Price/AEPS High
Price/AEPS Low	10.25	10.53	10.09	9.10	8.05	9.73	9.36	8.72	7.06	7.52	8.47	8.73	9.01	11.56	0.00	0.00		8.72	<-Median->	10	Price/AEPS Low
Price/AEPS Close	12.26	12.07	10.16	12.60	12.73	9.94	10.58	10.33	10.31	7.75	8.59	11.08	12.97	12.74	11.34	10.52		10.45	<-Median->	10	Price/AEPS Close
Trailing P/AEPS Close	11.89	13.35	10.75	11.91	14.56	10.80	10.62	7.75	15.14	8.37	6.61	10.96	14.22	14.41	12.74	11.34		10.88	<-Median->	10	Trailing P/AEPS Close
Median Values	Historical	in order	10.90	12.63	9.10	11.37	P/AEPS	5 Yrs	in order	9.91	11.34	8.47	10.31		28.62%	Diff M/C					DPR 75% to 95% best
* Adjusted Earnings per Share
			-$6.05	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.09
								-$5.36	$0.00	$0.00	$0.00	$0.00	$7.09
			-$5.38	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.29
								-$6.37	$0.00	$0.00	$0.00	$0.00	$7.29
														$5.89	<-12 mths	3.88%
Difference Basic and Diluted	0.77%	0.53%	0.53%	0.52%	0.92%	1.16%	0.60%	2.39%	0.52%	0.37%	1.03%	1.18%	2.91%					0.97%	<-Median->	10	Difference Basic and Diluted
EPS Basic	$5.19	$5.69	$5.70	$5.80	$6.55	$6.90	$6.72	$5.43	$7.74	$8.05	$5.84	$5.94	$5.84					2.46%	<-Total Growth	10	EPS Basic
pre '98 Split
pre '04 Split
EPS*	$5.15	$5.66	$5.67	$5.77	$6.49	$6.82	$6.68	$5.30	$7.70	$8.02	$5.78	$5.87	$5.67	$7.92	$9.06	$9.72		0.00%	<-Total Growth	10	EPS Diluted
Increase	-1.34%	9.90%	0.18%	1.76%	12.48%	5.08%	-2.05%	-20.66%	45.28%	4.16%	-27.93%	1.56%	-3.41%	39.61%	14.48%	7.31%		10	0	10	Years of Data, EPS P or N	100.00%
Earnings Yield	8.1%	8.2%	9.2%	8.0%	7.8%	9.7%	8.8%	9.6%	9.5%	12.2%	10.3%	8.2%	6.2%	7.7%	8.9%	9.5%		0.00%	<-IRR #YR->	10	Earnings per Share	0.00%
5 year Running Average	$4.44	$4.91	$5.26	$5.49	$5.75	$6.08	$6.29	$6.21	$6.60	$6.90	$6.70	$6.53	$6.61	$6.65	$6.86	$7.65		1.36%	<-IRR #YR->	5	Earnings per Share	6.98%
10 year Running Average	$3.88	$4.16	$4.42	$4.64	$4.89	$5.26	$5.60	$5.74	$6.05	$6.33	$6.39	$6.41	$6.41	$6.62	$6.88	$7.17		2.30%	<-IRR #YR->	10	5 yr Running Average	25.53%
* ESP per share (Cdn GAAP)									E/P	10 Yrs	9.17%	5Yrs	9.49%					1.24%	<-IRR #YR->	5	5 yr Running Average	6.37%
			-$5.67	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.67
								-$5.30	$0.00	$0.00	$0.00	$0.00	$5.67
			-$5.26	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.61
								-$6.21	$0.00	$0.00	$0.00	$0.00	$6.61
Dividend*														$4.47	$4.66	$4.76			Estimates		Dividend*
Increase														3.43%	4.39%	2.06%			Estimates		Increase
Payout Ratio EPS														56.44%	51.47%	48.95%			Estimates		Payout Ratio EPS
Special Dividends	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	10	Special Dividends
pre '98 Split
pre '04 Split
Dividend*	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$4.32	$4.40	$4.40	$4.40		58.82%	<-Total Growth	10	Dividends
Increase	9.13%	7.11%	6.25%	5.88%	5.90%	7.54%	6.40%	3.15%	0.00%	12.78%	2.96%	1.44%	1.89%	1.85%	0.00%	0.00%		37	0	40	Years of data, Count P, N	92.50%
Average Increases 5 Year Running	4.53%	5.53%	6.78%	7.04%	6.86%	6.54%	6.40%	5.78%	4.60%	5.97%	5.06%	4.06%	3.81%	4.18%	1.63%	1.03%		5.88%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running	$2.11	$2.23	$2.38	$2.55	$2.72	$2.90	$3.08	$3.26	$3.40	$3.61	$3.79	$3.94	$4.08	$4.24	$4.31	$4.35		71.28%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	4.10%	3.81%	4.12%	4.63%	4.49%	4.26%	4.88%	5.84%	5.23%	5.12%	6.45%	6.50%	5.54%	4.50%				5.18%	<-Median->	10	Dividends	Item
Yield on High  Price	3.76%	3.45%	3.84%	3.99%	3.66%	3.86%	4.58%	4.71%	4.39%	4.30%	5.64%	5.74%	4.70%	4.28%				4.48%	<-Median->	10	Dividends	EPS
Yield on Low Price	4.51%	4.25%	4.45%	5.53%	5.79%	4.74%	5.22%	7.71%	6.48%	6.35%	7.54%	7.50%	6.76%	4.75%				6.41%	<-Median->	10	Dividends	AEPS
Yield on Close Price	3.77%	3.71%	4.42%	4.00%	3.66%	4.64%	4.62%	6.50%	4.44%	6.17%	7.44%	5.91%	4.70%	4.31%	4.31%	4.31%		4.67%	<-Median->	10	Dividends	CFPS
Payout Ratio EPS	46.41%	45.23%	47.97%	49.91%	47.00%	48.09%	52.25%	67.92%	46.75%	50.62%	72.32%	72.23%	76.19%	55.58%	48.55%	45.25%		53.91%	<-Median->	10	DPR EPS	FCF
DPR EPS 5 Yr Running	47.50%	45.40%	45.25%	46.38%	47.32%	47.65%	49.06%	52.48%	51.59%	52.23%	56.54%	60.24%	61.74%	63.75%	62.80%	56.90%		52.35%	<-Median->	10	DPR EPS 5 Yr Running
Payout Ratio CFPS	29.64%	62.99%	23.63%	84.87%	22.06%	22.60%	0.00%	7.70%	0.00%	28.55%	16.00%	33.71%	98.75%	100.58%	#VALUE!	#DIV/0!		22.33%	<-Median->	10	DPR CF
DPR CF 5 Yr Running	469.03%	65.24%	37.90%	37.64%	33.28%	30.63%	46.22%	23.75%	31.12%	32.73%	28.38%	22.07%	43.62%	34.37%	#VALUE!	#DIV/0!		31.93%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	100.58%	#VALUE!	#DIV/0!		0.00%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running	112.19%	380.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	#VALUE!	#DIV/0!		0.00%	<-Median->	10	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	5.18%	4.67%	5 Yr Med	5 Yr Cl	5.54%	5.91%	5 Yr Med	Payout	72.23%	28.55%	0.00%					3.71%	<-IRR #YR->	5	Dividends	20.00%
* Dividends per share	10 Yr Med	and Cur.	-16.87%	-7.78%	5 Yr Med	and Cur.	-22.33%	-27.19%	Last Div Inc --->		$1.06	$1.10	3.77%					4.73%	<-IRR #YR->	10	Dividends	58.82%
Dividends Growth 15																		5.41%	<-IRR #YR->	15	Dividends	120.41%
Dividends Growth 20																		6.11%	<-IRR #YR->	20	Dividends	227.27%
Dividends Growth 25																		9.01%	<-IRR #YR->	25	Dividends	764.00%
Dividends Growth 30																		9.15%	<-IRR #YR->	30	Dividends
Dividends Growth 35																		8.48%	<-IRR #YR->	35	Dividends
Dividends Growth 40																		8.42%	<-IRR #YR->	40	Dividends
Dividends Growth 5								-$3.60	$0.00	$0.00	$0.00	$0.00	$4.32								Dividends Growth 5
Dividends Growth 10			-$2.72	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.32								Dividends Growth 10
Dividends Growth 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.32								Dividends Growth 15
Dividends Growth 20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.32								Dividends Growth 20
Dividends Growth 25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.32								Dividends Growth 25
Dividends Growth 30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.32								Dividends Growth 30
Dividends Growth 35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.32								Dividends Growth 35
Dividends Growth 40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.32								Dividends Growth 40
Historical Dividends	Historical	High Div	7.67%	Low Div	2.38%	10 Yr High	7.69%	10 Yr Low	3.51%	Med Div	4.26%	Close Div	4.21%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-43.86%		80.93%	Exp.	-44.00%		22.68%	Cheap	1.08%	Cheap	2.19%								High/Ave/Median
Historical Dividends 1988	Historical	High Div	7.74%	Low Div	2.34%	10 Yr High	7.69%	10 Yr Low	3.51%	Med Div	4.22%	Close Div	4.02%								Historical Dividends
Future Dividend Yield					Div Yd	5.17%	earning in	5	Years	at IRR of	3.71%	Div Inc.	20.00%								Future Dividend Yield
Future Dividend Yield					Div Yd	6.20%	earning in	10	Years	at IRR of	3.71%	Div Inc.	44.00%								Future Dividend Yield
Future Dividend Yield					Div Yd	7.44%	earning in	15	Years	at IRR of	3.71%	Div Inc.	72.80%								Future Dividend Yield
Future Dividend Paid					Div Paid	$5.28	earning in	5	Years	at IRR of	3.71%	Div Inc.	22.56%								Future Dividend Paid
Future Dividend Paid					Div Paid	$6.34	earning in	10	Years	at IRR of	3.71%	Div Inc.	47.08%								Future Dividend Paid
Future Dividend Paid					Div Paid	$7.60	earning in	15	Years	at IRR of	3.71%	Div Inc.	76.49%								Future Dividend Paid
Dividend Covering Cost					Total Div	$24.86	over	5	Years	at IRR of	6.11%	Div Cov.	24.33%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$51.37	over	10	Years	at IRR of	6.11%	Div Cov.	50.27%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$87.03	over	15	Years	at IRR of	6.11%	Div Cov.	85.17%								Dividend Covering Cost
Yield if held 5 years	5.34%	7.03%	5.43%	5.23%	5.81%	5.63%	5.19%	5.46%	5.79%	5.97%	5.43%	5.93%	7.01%	6.40%	5.55%	6.79%		5.80%	<-Median->	10	Paid Median Price
Yield if held 10 years	8.54%	7.20%	6.75%	6.32%	5.98%	7.33%	9.59%	7.19%	6.53%	7.74%	7.17%	6.31%	6.55%	7.08%	6.47%	5.71%		7.13%	<-Median->	10	Paid Median Price
Yield if held 15 years	14.16%	15.63%	15.17%	13.12%	12.42%	11.72%	9.82%	8.93%	7.91%	7.97%	9.34%	11.65%	8.63%	7.98%	8.39%	7.55%		9.14%	<-Median->	10	Paid Median Price
Yield if held 20 years	37.21%	36.32%	39.93%	32.55%	22.32%	19.44%	21.31%	20.08%	16.40%	16.54%	14.94%	11.93%	10.72%	9.66%	8.63%	9.83%		16.47%	<-Median->	10	Paid Median Price
Yield if held 25 years	69.53%	62.29%	74.70%	75.54%	55.77%	51.07%	49.52%	52.84%	40.69%	29.72%	24.77%	25.89%	24.10%	20.05%	17.92%	15.72%		35.20%	<-Median->	10	Paid Median Price
Yield if held 30 years			81.73%	80.14%	71.50%	95.42%	84.91%	98.87%	94.43%	74.24%	65.08%	60.16%	63.41%	49.73%	32.20%	26.07%		72.87%	<-Median->	10	Paid Median Price
Yield if held 35 years								108.17%	100.17%	95.18%	121.60%	103.16%	118.64%	115.41%	80.46%	68.51%		108.17%	<-Median->	7	Paid Median Price
Yield if held 40 years													129.80%	122.43%	103.15%	128.00%		126.12%	<-Median->	2	Paid Median Price
Cost covered if held 5 years	23.58%	30.63%	23.79%	23.12%	25.92%	24.86%	22.94%	24.71%	27.39%	26.53%	24.58%	27.51%	33.11%	30.83%	27.19%	33.59%		26.22%	<-Median->	10	Paid Median Price
Cost covered if held 10 years	64.78%	55.12%	52.06%	49.13%	46.46%	55.96%	72.99%	56.35%	54.00%	60.28%	57.35%	52.22%	55.64%	61.50%	58.22%	52.84%		56.16%	<-Median->	10	Paid Median Price
Cost covered if held 15 years	125.93%	142.75%	142.79%	126.90%	122.92%	116.56%	98.51%	92.50%	86.50%	81.84%	98.27%	127.06%	97.10%	92.47%	101.33%	94.69%		97.69%	<-Median->	10	Paid Median Price
Cost covered if held 20 years	357.30%	357.82%	405.50%	341.11%	240.51%	211.79%	236.92%	233.72%	204.44%	196.35%	184.21%	153.88%	143.10%	133.06%	124.10%	146.90%		200.40%	<-Median->	10	Paid Median Price
Cost covered if held 25 years	704.22%	645.92%	796.91%	830.10%	629.71%	582.91%	576.62%	644.77%	533.48%	372.48%	323.97%	357.10%	347.53%	301.03%	284.09%	261.96%		452.98%	<-Median->	10	Paid Median Price
Cost covered if held 30 years			902.31%	910.96%	834.75%	1125.75%	1021.11%	1244.56%	1276.52%	959.41%	877.66%	855.87%	944.22%	773.10%	530.14%	452.92%		951.81%	<-Median->	10	Paid Median Price
Cost covered if held 35 years								1392.08%	1384.56%	1257.44%	1676.44%	1499.94%	1804.81%	1832.59%	1353.28%	1216.47%		1499.94%	<-Median->	7	Paid Median Price
Cost covered if held 40 years													2005.03%	1974.47%	1762.40%	2309.45%		1989.75%	<-Median->	2	Paid Median Price
																				Yr	Item	Tot. Growth
Revenue Growth								$31,336	$31,252	$31,416	$32,307	$33,670	$37,741	$38,038	<-12 mths	0.79%		20.44%	<-Total Growth	5	Revenue Growth	20.44%
AEPS Growth								$5.36	$7.87	$8.50	$6.54	$6.47	$7.09	$7.28	<-12 mths	2.68%		32.28%	<-Total Growth	5	AEPS Growth	32.28%
Net Income Growth								$6,582	$9,391	$9,656	$6,991	$7,286	$7,283	$8,577	<-12 mths	17.77%		10.65%	<-Total Growth	5	Net Income Growth	10.65%
Cash Flow Growth								$56,664	-$12,807	$16,943	$31,724	$15,652	$5,407					-90.46%	<-Total Growth	5	Cash Flow Growth	-90.46%
Dividend Growth								$3.60	$3.60	$4.06	$4.18	$4.24	$4.32	$4.40	<-12 mths	1.85%		20.00%	<-Total Growth	5	Dividend Growth	20.00%
Stock Price Growth								$55.35	$81.14	$65.85	$56.15	$71.69	$91.99	$102.18	<-12 mths	11.08%		66.20%	<-Total Growth	5	Stock Price Growth	66.20%
Revenue Growth			$24,049	$26,350	$27,155	$28,775	$31,034	$31,336	$31,252	$31,416	$32,307	$33,670	$37,741	$39,082	<-this year	3.55%		56.93%	<-Total Growth	10	Revenue Growth	56.93%
AEPS Growth			$6.05	$5.72	$6.54	$7.11	$7.14	$5.36	$7.87	$8.50	$6.54	$6.47	$7.09	$8.02	<-this year	13.12%		17.19%	<-Total Growth	10	AEPS Growth	17.19%
Net Income Growth			$6,897	$6,987	$7,876	$8,361	$8,208	$6,582	$9,391	$9,656	$6,991	$7,286	$7,283	$9,759	<-this year	34.00%		5.60%	<-Total Growth	10	Net Income Growth	5.60%
Cash Flow Growth			$13,847	$4,099	$16,584	$17,811	-$12,025	$56,664	-$12,807	$16,943	$31,724	$15,652	$5,407					-60.95%	<-Total Growth	10	Cash Flow Growth	-60.95%
Dividend Growth			$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$4.32	$4.47	<-this year	3.43%		58.82%	<-Total Growth	10	Dividend Growth	58.82%
Stock Price Growth			$61.49	$72.08	$83.28	$70.65	$75.54	$55.35	$81.14	$65.85	$56.15	$71.69	$91.99	$80.67	<-this year	-12.31%		49.60%	<-Total Growth	10	Stock Price Growth	49.60%
Dividends on Shares	$112.33	$120.32	$127.84	$135.36	$143.35	$154.16	$164.03	$169.20	$169.20	$190.82	$196.46	$199.28	$203.04	$206.80	$206.80	$206.80		$2,927.87	No of Years	25	Total Dividends	12/31/00
Paid	$3,122.21	$3,116.57	$2,630.59	$3,513.72	$3,812.64	$3,197.41	$3,447.45	$3,233.60	$4,208.85	$3,117.98	$3,031.50	$3,627.93	$4,757.81	$4,802.46	$4,802.46	$4,802.46		$4,757.81	No of Years	25	Worth	$21.60
Total																		$7,685.68
Dividends on Shares	$322.65	$345.60	$367.20	$388.80	$411.75	$442.80	$471.15	$486.00	$486.00	$548.10	$564.30	$572.40	$583.20	$594.00	$594.00	$594.00		$8,683.88	Divs Piad	30	Total Dividends	12/31/95
Paid	$8,968.05	$8,951.85	$7,555.95	$10,092.60	$10,951.20	$9,184.05	$9,902.25	$9,288.00	$12,089.25	$8,955.90	$8,707.50	$10,420.65	$13,666.05	$13,794.30	$13,794.30	$13,794.30		$13,666.05	Current Value	30	Worth	$7.44
Total																		$22,349.93
Dividends on Shares				$51.84	$54.90	$59.04	$62.82	$64.80	$64.80	$73.08	$75.24	$76.32	$77.76	$79.20	$79.20	$79.20		$660.60	No of Years	10	Total Dividends	12/31/15
Paid			$1,007.46	$1,345.68	$1,460.16	$1,224.54	$1,320.30	$1,238.40	$1,611.90	$1,194.12	$1,161.00	$1,389.42	$1,822.14	$1,839.24	$1,839.24	$1,839.24		$1,822.14	No of Years	10	Worth	$55.97
Total																		$2,482.74
Graham No. AEPS	$62.49	$68.97	$74.53	$74.90	$83.64	$90.34	$92.80	$79.08	$97.13	$102.27	$91.35	$92.78	$99.64	$105.98	$112.33	$116.61		33.70%	<-Total Growth	10	Graham Price AEPS
Price/GP Ratio Med	0.93	0.97	0.88	0.83	0.81	0.85	0.77	0.78	0.71	0.77	0.71	0.70	0.78	0.92				0.78	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	1.02	1.08	0.95	0.96	1.00	0.94	0.82	0.97	0.84	0.92	0.81	0.80	0.92	0.97				0.92	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.85	0.87	0.82	0.70	0.63	0.77	0.72	0.59	0.57	0.63	0.61	0.61	0.64	0.87				0.63	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	1.01	1.00	0.83	0.96	1.00	0.78	0.81	0.70	0.84	0.64	0.61	0.77	0.92	0.96	0.91	0.88		0.80	<-Median->	10	Price/GP Ratio
Prem/Disc Close	1.44%	0.07%	-17.49%	-3.77%	-0.43%	-21.80%	-18.60%	-30.01%	-16.46%	-35.61%	-38.54%	-22.73%	-7.68%	-3.58%	-9.03%	-12.37%		-20.20%	<-Median->	10	Graham Price
Graham No. EPS	$62.37	$68.61	$72.15	$75.23	$83.32	$88.48	$89.76	$78.64	$96.07	$99.34	$85.88	$88.38	$89.11	$105.29	$112.65	$116.69		23.50%	<-Total Growth	10	Graham Price EPS
Price/GP Ratio Med	0.93	0.98	0.91	0.83	0.82	0.87	0.80	0.78	0.72	0.80	0.75	0.74	0.87	0.93				0.80	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	1.02	1.08	0.98	0.96	1.00	0.96	0.85	0.97	0.85	0.95	0.86	0.84	1.03	0.98				0.96	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.85	0.88	0.85	0.69	0.63	0.78	0.74	0.59	0.58	0.64	0.65	0.64	0.72	0.88				0.64	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	1.02	1.01	0.85	0.96	1.00	0.80	0.84	0.70	0.84	0.66	0.65	0.81	1.03	0.97	0.91	0.88		0.83	<-Median->	10	Price/GP Ratio
Prem/Disc Close	1.64%	0.60%	-14.77%	-4.19%	-0.05%	-20.15%	-15.85%	-29.61%	-15.54%	-33.71%	-34.62%	-18.88%	3.24%	-2.95%	-9.29%	-12.44%		-17.36%	<-Median->	10	Graham Price
Month, Year	Dec-13	Dec-14	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-25	Dec-26	Dec-27	Dec-28		40.00	<Count Years>		Month, Year
pre '98 Split
pre '04 Split
Price Close	$66.43	$66.31	$55.97	$74.76	$81.12	$68.03	$73.35	$68.80	$89.55	$66.34	$64.50	$77.19	$101.23	$102.18	$102.18	$102.18		80.86%	<-Total Growth	10	Stock Price
Increase	15.61%	-0.18%	-15.59%	33.57%	8.51%	-16.14%	7.82%	-6.20%	30.16%	-25.92%	-2.77%	19.67%	31.14%	0.94%	0.00%	0.00%		11.62	<-Median->	10	CAPE (10 Yr P/E)
P/E	12.90	11.72	9.87	12.96	12.50	9.98	10.98	12.98	11.63	8.27	11.16	13.15	17.85	12.91	11.28	10.51		8.03%	<-IRR #YR->	5	Stock Price	47.14%
Trailing P/E	12.73	12.88	9.89	13.19	14.06	10.48	10.76	10.30	16.90	8.62	8.04	13.35	17.25	18.02	12.91	11.28		6.10%	<-IRR #YR->	10	Stock Price	80.86%
CAPE (10 Yr P/E)	12.98	12.71	12.21	12.11	12.13	11.92	11.63	11.56	11.61	11.23	11.09	11.23	11.93	11.96	11.82	11.82		13.13%	<-IRR #YR->	5	Price & Dividend	76.79%
Median 10, 5 Yrs		D.  per yr	5.01%	5.10%	% Tot Ret	45.06%	38.83%	T P/E	11.97	13.35	P/E:	12.06	11.63					11.11%	<-IRR #YR->	10	Price & Dividend	151.30%
Price 15		D.  per yr	4.19%		% Tot Ret	51.84%						CAPE Diff	11.08%					3.89%	<-IRR #YR->	15	Stock Price	77.29%
Price  20		D.  per yr	4.03%		% Tot Ret	50.15%												4.01%	<-IRR #YR->	20	Stock Price	119.40%
Price  25		D.  per yr	4.77%		% Tot Ret	42.80%												6.37%	<-IRR #YR->	25	Stock Price	368.66%
Price  30		D.  per yr	6.27%		% Tot Ret	40.80%												9.09%	<-IRR #YR->	30	Stock Price	1260.62%
Price  35		D.  per yr	7.78%		% Tot Ret	42.62%												10.48%	<-IRR #YR->	35	Stock Price	3172.08%
Price  40		D.  per yr	5.33%		% Tot Ret	37.91%												8.73%	<-IRR #YR->	40	Stock Price
Price & Dividend 15																		8.08%	<-IRR #YR->	15	Price & Dividend	146.32%
Price & Dividend 20																		8.04%	<-IRR #YR->	20	Price & Dividend	247.29%
Price & Dividend 25																		11.14%	<-IRR #YR->	25	Price & Dividend	659.38%
Price & Dividend 30																		15.36%	<-IRR #YR->	30	Price & Dividend	2129.40%
Price & Dividend 35																		18.26%	<-IRR #YR->	35	Price & Dividend	5304.36%
Price & Dividend 40																		14.06%	<-IRR #YR->	40	Price & Dividend
Price  5								-$68.80	$0.00	$0.00	$0.00	$0.00	$101.23								Price  5
Price 10			-$55.97	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$101.23								Price 10
Price & Dividend 5								-$68.80	$3.60	$4.06	$4.18	$4.24	$105.55								Price & Dividend 5
Price & Dividend 10			-$55.97	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$105.55								Price & Dividend 10
Price  15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$101.23								Price  15
Price  20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$101.23								Price  20
Price  25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$101.23								Price  25
Price  30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$101.23								Price  30
Price  35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$101.23								Price  35
Price  40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$101.23								Price  40
Price & Dividend 15	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$105.55								Price & Dividend 15
Price & Dividend 20	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$105.55								Price & Dividend 20
Price & Dividend 25	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$105.55								Price & Dividend 25
Price & Dividend 30	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$105.55								Price & Dividend 30
Price & Dividend 35	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$105.55								Price & Dividend 35
Price & Dividend 40	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$105.55								Price & Dividend 40
Month, Year	Oct-13	Oct-14	Oct-15	Oct-16	Oct-17	Oct-18	Oct-19	Oct-20	Oct-21	Oct-22	Oct-23	Oct-24	Oct-25	Oct-26	Oct-27	Oct-28		40.00	<Count Years>		Month, Year
pre '98 Split
pre '04 Split
Price Close	$63.39	$69.02	$61.49	$72.08	$83.28	$70.65	$75.54	$55.35	$81.14	$65.85	$56.15	$71.69	$91.99	$102.18	$102.18	$102.18		49.60%	<-Total Growth	10	Stock Price
Increase	16.85%	8.88%	-10.91%	17.22%	15.54%	-15.17%	6.92%	-26.73%	46.59%	-18.84%	-14.73%	27.68%	28.32%	11.08%	0.00%	0.00%		4.11%	<-IRR #YR->	10	Stock Price	49.60%
P/E	12.31	12.19	10.84	12.49	12.83	10.36	11.31	10.44	10.54	8.21	9.71	12.21	16.22	12.91	11.28	10.51		10.69%	<-IRR #YR->	5	Stock Price	66.20%
Trailing P/E	12.14	13.40	10.86	12.71	14.43	10.89	11.08	8.29	15.31	8.55	7.00	12.40	15.67	18.02	12.91	11.28		9.04%	<-IRR #YR->	10	Price & Dividend	113.71%
Median 10, 5 Yrs		D.  per yr	4.93%	6.07%	% Tot Ret	54.51%	36.19%	T P/E	11.74	12.40	P/E:	10.92	10.54					16.76%	<-IRR #YR->	5	Price & Dividend	109.56%
			-$61.49	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$91.99
								-$55.35	$0.00	$0.00	$0.00	$0.00	$91.99
			-$61.49	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$96.31
								-$55.35	$3.60	$4.06	$4.18	$4.24	$96.31
Price H/L Median	$58.28	$67.22	$65.96	$62.15	$67.97	$77.01	$71.55	$61.61	$68.77	$79.22	$64.79	$65.19	$77.93	$97.75				18.15%	<-Total Growth	10	Stock Price
Increase	11.06%	15.34%	-1.87%	-5.78%	9.37%	13.30%	-7.10%	-13.89%	11.62%	15.20%	-18.22%	0.62%	19.54%	25.44%				1.68%	<-IRR #YR->	10	Stock Price	18.15%
P/E	11.32	11.88	11.63	10.77	10.47	11.29	10.71	11.62	8.93	9.88	11.21	11.10	13.74	12.35				4.81%	<-IRR #YR->	5	Stock Price	26.48%
Trailing P/E	11.16	13.05	11.65	10.96	11.78	11.87	10.49	9.22	12.98	10.29	8.08	11.28	13.28	17.24				6.76%	<-IRR #YR->	10	Price & Dividend	77.92%
P/E on Run. 5 yr Ave	13.12	13.68	12.53	11.31	11.82	12.66	11.38	9.92	10.42	11.47	9.68	9.98	11.79	14.70				10.83%	<-IRR #YR->	5	Price & Dividend	65.44%
P/E on Run. 10 yr Ave	15.02	16.15	14.94	13.40	13.91	14.64	12.78	10.74	11.37	12.52	10.14	10.17	12.16	14.76				11.19	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	5.08%	6.02%	% Tot Ret	75.11%	55.59%	T P/E	11.12	11.28	P/E:	10.94	11.10						Count	40	Years of data
			-$65.96	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$77.93
								-$61.61	$0.00	$0.00	$0.00	$0.00	$77.93
			-$65.96	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$82.25
								-$61.61	$3.60	$4.06	$4.18	$4.24	$82.25
High Months	Oct 13	Aug 14	Nov 14	Oct 16	Oct 17	Nov 17	Sep 19	Nov  19	Jun 21	Feb 22	Feb 23	Oct 24	Oct 25	Jan 26
pre '98 Split
pre '04 Split
Price High	$63.54	$74.19	$70.85	$72.23	$83.28	$84.87	$76.25	$76.50	$81.95	$94.49	$74.16	$73.87	$91.99	$102.82				29.84%	<-Total Growth	10	Stock Price
Increase	11.38%	16.76%	-4.50%	1.95%	15.30%	1.91%	-10.16%	0.33%	7.12%	15.30%	-21.52%	-0.39%	24.53%	11.77%				2.65%	<-IRR #YR->	10	Stock Price	29.84%
P/E	12.34	13.11	12.50	12.52	12.83	12.44	11.41	14.43	10.64	11.78	12.83	12.58	16.22	12.99				3.76%	<-IRR #YR->	5	Stock Price	20.25%
Trailing P/E	12.17	14.41	12.52	12.74	14.43	13.08	11.18	11.45	15.46	12.27	9.25	12.78	15.67	18.13				12.83	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	12.76	12.78	P/E:	12.55	12.58					14.48	P/E Ratio		Historical High
			-$70.85	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$91.99
								-$76.50	$0.00	$0.00	$0.00	$0.00	$91.99
Low Months	Nov 12	Feb 14	Jan 15	Feb 16	Feb 17	Oct 18	Dec 19	Mar 20	Nov 20	Oct 22	Oct 23	Nov 23	Apr 25	Nov 25
pre '98 Split
pre '04 Split
Price Low	$53.01	$60.24	$61.06	$52.06	$52.66	$69.15	$66.84	$46.72	$55.59	$63.95	$55.41	$56.50	$63.86	$92.68				4.59%	<-Total Growth	10	Stock Price
Increase	10.69%	13.64%	1.36%	-14.74%	1.15%	31.31%	-3.34%	-30.10%	18.99%	15.04%	-13.35%	1.97%	13.03%	45.13%				0.45%	<-IRR #YR->	10	Stock Price	4.59%
P/E	10.29	10.64	10.77	9.02	8.11	10.14	10.01	8.82	7.22	7.97	9.59	9.63	11.26	11.71				6.45%	<-IRR #YR->	5	Stock Price	36.69%
Trailing P/E	10.16	11.70	10.79	9.18	9.13	10.65	9.80	6.99	10.49	8.31	6.91	9.78	10.88	16.35				10.14	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	9.48	9.78	P/E:	9.30	9.59					7.18	P/E Ratio		Historical Low
			-$61.06	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$63.86
								-$46.72	$0.00	$0.00	$0.00	$0.00	$63.86
Free Cash Flow Old			$16,000	$3,751	$10,584	$17,395	-$12,211	$55,893	-$13,270	$16,370	$31,280
Change				-76.56%	182.16%	64.35%	-170.20%	557.73%	-123.74%	223.36%	91.08%
Free Cash Flow	$9,000	$5,000	$8,230	$9,890	$11,920	$11,640	$12,050	$15,180	$12,920	$13,310	$15,860	$13,270						-100.00%	<-Total Growth	9	Free Cash Flow
Change	50.00%	-44.44%	64.60%	20.17%	20.53%	-2.35%	3.52%	25.98%	-14.89%	3.02%	19.16%	-16.33%						#NUM!	<-IRR #YR->	5	Free Cash Flow MS	-100.00%
FCF/CF from Op Ratio	0.92	1.01	0.59	2.41	0.72	0.65	-1.00	0.27	-1.01	0.79	0.50	0.85						#NUM!	<-IRR #YR->	10	Free Cash Flow MS	-100.00%
Dividends paid	$3,075	$3,265	$3,406	$3,598	$3,668	$3,985	$4,260	$4,559	$4,604	$5,118	$5,422	$5,670	$5,875					72.49%	<-Total Growth	10	Dividends paid
Percentage paid				36.38%	30.77%	34.24%	35.35%	30.03%	35.63%	38.45%	34.19%	42.73%	#DIV/0!					#DIV/0!	<-Median->	9	Percentage paid
5 Year Coverage								33.08%	33.08%	34.60%	34.57%	35.97%	48.21%								5 Year Coverage
Dividend Coverage Ratio				2.75	3.25	2.92	2.83	3.33	2.81	2.60	2.93	2.34	0.00					2.82	<-Median->	10	Dividend Coverage Ratio
5 Year of Covereage								3.02	3.02	2.89	2.89	2.78	2.07								5 Year of Coverage
								-$15,180	$0	$0	$0	$0	$0
			-$8,230	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Free Cash Flow WSJ			$7,281	$11,946	$8,159	$12,128	$1,479	$20,898	$17,693	$10,612	$11,028	$12,041	$10,142	$10,142				39.29%	<-Total Growth	10	Free Cash Flow
Change				64.07%	-31.70%	48.65%	-87.81%	1312.98%	-15.34%	-40.02%	3.92%	9.19%	-15.77%	0.00%				-13.46%	<-IRR #YR->	5	Free Cash Flow WSJ	-51.47%
FCF/CF from Op Ratio			0.53	2.91	0.49	0.68	-0.12	0.37	-1.38	0.63	0.35	0.77	1.88	1.88				3.37%	<-IRR #YR->	10	Free Cash Flow WSJ	39.29%
Dividends paid			$3,406	$3,598	$3,668	$3,985	$4,260	$4,559	$4,604	$5,118	$5,422	$5,670	$5,875	$0				72.49%	<-Total Growth	10	Dividends paid
Percentage paid			46.78%	30.12%	44.96%	32.86%	288.03%	21.82%	26.02%	48.23%	49.17%	47.09%	57.93%	0.00%				$0.46	<-Median->	10	Percentage paid
5 Year Coverage							46.15%	36.75%	34.92%	35.86%	38.83%	35.11%	43.39%	40.92%							5 Year Coverage
Dividend Coverage Ratio			2.14	3.32	2.22	3.04	0.35	4.58	3.84	2.07	2.03	2.12	1.73	#DIV/0!				2.17	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage							2.17	2.72	2.86	2.79	2.58	2.85	2.30	2.44							5 Year of Coverage
								-$20,898	$0	$0	$0	$0	$10,142
			-$7,281	$0	$0	$0	$0	$0	$0	$0	$0	$0	$10,142
Market Cap $M	$76,612	$83,969	$73,969	$87,065	$99,872	$86,690	$91,867	$67,055	$98,612	$78,452	$68,169	$89,214	$113,700	$126,294	$126,294	$126,294		53.71%	<-Total Growth	10	Market Cap
Diluted # of Shares in Million	1,209	1,222	1,232	1,226	1,223	1,229	1,251	1,243	1,225	1,208	1,204	1,232	1,248	1,248				1.30%	<-Total Growth	10	Diluted
Change	4.22%	1.08%	0.82%	-0.49%	-0.24%	0.49%	1.79%	-0.64%	-1.45%	-1.39%	-0.33%	2.33%	1.30%	0.00%				-0.29%	<-Median->	10	Change
Difference Diluted/Basic	-1.2%	-0.7%	-1.8%	-1.8%	-1.6%	-1.3%	-2.3%	-2.5%	-0.9%	-0.7%	-0.6%	-0.5%	-0.3%	-0.3%							Difference Diluted/Basic
Average # of Shares in Million	1,195	1,214	1,210	1,204	1,203	1,213	1,222	1,212	1,214	1,199	1,197	1,226	1,244	1,244				2.81%	<-Total Growth	10	Average
Change	5.47%	1.59%	-0.33%	-0.50%	-0.08%	0.83%	0.74%	-0.82%	0.17%	-1.24%	-0.17%	2.42%	1.47%	0.00%				0.04%	<-Median->	10	Change
Difference Basic/Outstanding	1.1%	0.2%	-0.6%	0.3%	-0.3%	1.2%	-0.5%	0.0%	0.1%	-0.6%	1.4%	1.5%	-0.6%	-0.6%				0.03%	<-Median->	10	Difference Basic/Outstanding
pre '98 Split
pre '04 Split
# of Share in Millions	1,208.6	1,216.6	1,202.9	1,207.9	1,199.2	1,227.0	1,216.1	1,211.5	1,215.3	1,191.4	1,214.0	1,244.4	1,236.0	1,236.0	1,236.0	1,236.0		0.27%	<-IRR #YR->	10	Shares	2.75%
Change	2.05%	0.66%	-1.12%	0.41%	-0.72%	2.32%	-0.89%	-0.38%	0.32%	-1.97%	1.90%	2.50%	-0.68%	0.00%	0.00%	0.00%		0.40%	<-IRR #YR->	5	Shares	2.02%
Cash Flow from Operations $M	$9,744	$4,944	$13,847	$4,099	$16,584	$17,811	-$12,025	$56,664	-$12,807	$16,943	$31,724	$15,652	$5,407	$5,407	<-12 mths			-60.95%	<-Total Growth	10	Cash Flow
Increase	20.76%	-49.26%	180.08%	-70.40%	304.59%	7.40%	-167.51%	571.22%	-122.60%	232.29%	87.24%	-50.66%	-65.45%	0.00%	<-12 mths			DRIP, SO	S. Issues		Buy Backs
5 year Running Average	$977	$4,175	$7,533	$8,141	$9,844	$11,457	$8,063	$16,627	$13,245	$13,317	$16,100	$21,635	$11,384	$15,027	<-12 mths			51.11%	<-Total Growth	10	CF 5 Yr Running	10 yr
CFPS	$8.06	$4.06	$11.51	$3.39	$13.83	$14.52	-$9.89	$46.77	-$10.54	$14.22	$26.13	$12.58	$4.37	$4.37	<-12 mths			-62.00%	<-Total Growth	10	Cash Flow per Share	Total Gr.
Increase	18.34%	-49.59%	183.25%	-70.52%	307.51%	4.97%	-168.12%	573.03%	-122.53%	234.96%	83.74%	-51.87%	-65.22%	0.00%	<-12 mths			-8.98%	<-IRR #YR->	10	Cash Flow	-60.95%
CFPS 5 yrs running	$0.45	$3.42	$6.29	$6.77	$8.17	$9.46	$6.67	$13.72	$10.94	$11.02	$13.34	$17.83	$9.35	$12.34	<-12 mths			-37.49%	<-IRR #YR->	5	Cash Flow	-90.46%
P/CF on Med Price	7.23	16.54	5.73	18.31	4.92	5.31	-7.24	1.32	-6.53	5.57	2.48	5.18	17.81	22.34	<-12 mths			-9.22%	<-IRR #YR->	9	Cash Flow per Share	-62.00%
P/CF on Closing Price	7.86	16.98	5.34	21.24	6.02	4.87	-7.64	1.18	-7.70	4.63	2.15	5.70	21.03	23.36	<-12 mths			-37.74%	<-IRR #YR->	5	Cash Flow per Share	-90.65%
															362.63%	Diff M/C		4.06%	<-IRR #YR->	10	CFPS 5 yr Running	48.81%
Excl.Working Capital CF	-$12,831	-$8,028	-$17,680	-$8,454	-$21,043	-$22,601	$6,653	-$64,586	$9,860	-$20,620	-$38,758	-$22,926	-$14,023	$0	<-12 mths			-7.38%	<-IRR #YR->	5	CFPS 5 yr Running	-31.85%
CF fr Op $M WC	-$3,087	-$3,084	-$3,833	-$4,355	-$4,459	-$4,790	-$5,372	-$7,922	-$2,947	-$3,677	-$7,034	-$7,274	-$8,616	$5,407	<-12 mths			-124.78%	<-Total Growth	10	Cash Flow less WC
Increase	-27.83%	0.10%	-24.29%	-13.62%	-2.39%	-7.42%	-12.15%	-47.47%	62.80%	-24.77%	-91.30%	-3.41%	-18.45%	162.76%	<-12 mths			8.44%	<-IRR #YR->	10	Cash Flow less WC	-124.78%
5 year Running Average	$1,852	$428	-$1,365	-$3,355	-$3,764	-$4,104	-$4,562	-$5,380	-$5,098	-$4,942	-$5,390	-$5,771	-$5,910	-$4,239	<-12 mths			1.69%	<-IRR #YR->	5	Cash Flow less WC	-8.76%
CFPS Excl. WC	-$2.55	-$2.53	-$3.19	-$3.61	-$3.72	-$3.90	-$4.42	-$6.54	-$2.42	-$3.09	-$5.79	-$5.85	-$6.97	$4.37	<-12 mths			15.78%	<-IRR #YR->	10	CF less WC 5 Yr Run	-332.94%
Increase	-25.26%	0.75%	-25.70%	-13.15%	-3.13%	-4.99%	-13.16%	-48.03%	62.92%	-27.28%	-87.73%	-0.89%	-19.26%	162.76%	<-12 mths			1.90%	<-IRR #YR->	5	CF less WC 5 Yr Run	-9.85%
5 year Running Average	$1.88	$0.59	-$1.04	-$2.78	-$3.12	-$3.39	-$3.77	-$4.44	-$4.20	-$4.07	-$4.45	-$4.74	-$4.82	-$3.46	<-12 mths			6.49%	<-IRR #YR->	10	CFPS - Less WC	-118.77%
P/CF on Med Price	-22.82	-26.52	-20.70	-17.24	-18.28	-19.73	-16.20	-9.42	-28.36	-25.67	-11.18	-11.15	-11.18	22.34	<-12 mths			1.29%	<-IRR #YR->	5	CFPS - Less WC	-6.60%
P/CF on Closing Price	-24.82	-27.23	-19.30	-19.99	-22.40	-18.10	-17.10	-8.46	-33.46	-21.34	-9.69	-12.26	-13.20	23.36	<-12 mths			16.63%	<-IRR #YR->	10	5 yr Running	-365.87%
*Operational Cash Flow per share			CF/CF-WC	P/CF Med	10 yr	5.05	5 yr	5.18	P/CF Med	10 yr	-16.72	5 yr	-11.18		-239.73%	Diff M/C		1.69%	<-IRR #YR->	5	5 yr Running	-8.73%
			-$1,203	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,236								Shares
								-$1,211	$0	$0	$0	$0	$1,236								Shares
			-$13,847	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,407								Cash Flow
								-$56,664	$0	$0	$0	$0	$5,407								Cash Flow
			-$11.51	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.37								Cash Flow per Share
								-$46.77	$0.00	$0.00	$0.00	$0.00	$4.37								Cash Flow per Share
			-$6.29	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$9.35								CFPS 5 yr Running
								-$13.72	$0.00	$0.00	$0.00	$0.00	$9.35								CFPS 5 yr Running
			$3,833	$0	$0	$0	$0	$0	$0	$0	$0	$0	-$8,616								Cash Flow less WC
								$7,922	$0	$0	$0	$0	-$8,616								Cash Flow less WC
			$1,365	$0	$0	$0	$0	$0	$0	$0	$0	$0	-$5,910								CF less WC 5 Yr Run
								$5,380	$0	$0	$0	$0	-$5,910								CF less WC 5 Yr Run
			$3.72	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$6.97								CFPS - Less WC
								$6.54	$0.00	$0.00	$0.00	$0.00	-$6.97								CFPS - Less WC
			$1.04	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$4.82								CFPS 5 yr Running
								$4.44	$0.00	$0.00	$0.00	$0.00	-$4.82								CFPS 5 yr Running
Changes in operating assets and liabilities:
Trading assets	-$6,793	-$13,848	$20,302	-$10,044	$8,377	$111	-$27,514	$9,945	-$33,995	$37,501	-$2,689	-$11,370	-$20,462
Securities purchased under resale agreements and securities borrowed	-$9,866	-$7,526	$13,991	-$5,363	-$4,631	-$7,721	-$27,235	$12,781	-$14,202	-$41,438	-$18,966	$108	-$4
Loans	-$16,040	-$16,785	-$22,942	-$20,355	-$32,589	-$31,848	-$44,337	-$25,486	-$55,748	-$97,161	$4,414	-$17,712	-$6,591
Deposits	$6,778	$20,224	$13,915	$6,702	$27,516	$40,338	$60,705	$27,982	$78,569	$95,905	$19,478	-$816	$19,533
Obligations related to securities sold short	$5,458	$1,506	-$8,101	$4,007	$7,533	$239	-$1,694	$1,195	$10,078	-$1,292	-$4,616	-$1,690	$2,721
Obligations related to assets sold under repurchase agreements and securities lent	$17,455	$7,306	-$18,982	$20,865	$849	$4,387	$22,727	$11,722	-$7,709	$10,838	$15,937	$28,753	-$4,048
Net derivative financial instruments	$296	-$1,147	$2,442	-$3,806	-$391	$440	$1,964	-$1,949	$2,123	$115	$2,080	$4,159	$6,490
Other, net	$4,605	$7,214	$4,707	$1,856	-$1,997	-$188	-$8,881	$7,527	-$5,300	-$1,404	-$219	$457	-$5,568
Dividends received	$1,139	$1,063	$1,147	$873	$1,600	$332	$520	$824	$969	$1,156	$1,299
Interest received	$18,005	$18,438	$19,145	$21,099	$23,649	$27,384	$32,696	$29,572	$25,425	$31,931	$55,617	$61,292	$58,086
Interest paid	-$7,607	-$7,509	-$7,262	-$7,787	-$8,730	-$11,400	-$15,322	-$13,042	-$8,766	-$13,336	-$34,731	-$42,273	-$37,197
Income tax paid	-$1,520	-$1,401	-$1,985	-$1,471	-$2,012	-$1,938	-$2,958	-$1,962	-$2,693	-$3,503	-$2,139	-$1,985	-$3,580
Net cash from/(used in) operating activities
Provisions for credit losses	$1,296	$1,703	$1,942	$2,412	$2,249	$2,611	$3,027	$6,084	$1,808	$1,382	$3,422	$4,051	$4,714
Net gain on sale of investment securities	-$375	-$741	-$639	-$534	-$380	-$146	-$351	-$607	-$419	-$74	-$129	-$48	-$71
Realized gain on sale of an investment in an associate		-$469
Sum	$12,831	$8,028	$17,680	$8,454	$21,043	$22,601	-$6,653	$64,586	-$9,860	$20,620	$38,758	$22,926	$14,023
Google --> TD Bank	$12,136	$8,028	$17,680	$8,454	$21,043	$22,601	-$6,653	$64,586	-$9,860	$20,620	$38,758	$22,926	$14,023
Difference	$695	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
TD Bank		$8,028	$20,259	$8,891	$21,043
Difference		$0	-$2,579	-$437	$0
																		For banks, use Net Income, not CF
OPM	29.07%	29.30%	28.68%	26.52%	29.00%	29.06%	26.45%	21.00%	30.05%	30.74%	21.64%	21.64%	19.30%	24.97%				-27.22%	<-Total Growth	10	OPM
Increase	-4.90%	0.78%	-2.12%	-7.54%	9.38%	0.18%	-8.98%	-20.58%	43.06%	2.29%	-29.60%	0.00%	-10.82%	29.40%				should be zero, it is a check on calculations
Diff from Ave	13.8%	14.7%	12.3%	3.8%	13.6%	13.8%	3.6%	-17.8%	17.7%	20.3%	-15.3%	-15.3%	-24.4%	-2.2%				0.04	<-Median->	10	OPM
*Operational Profit Margin (Net income/Revenue) Ratio									OPM	10 Yrs	25.54%	5 Yrs	24.67%					Should increase or be stable.
EBIT								$14,480	$14,634	$14,990	$13,677	$13,975	$17,150	$17,768	$18,754	$19,361
Change									1.06%	2.43%	-8.76%	2.18%	22.72%	3.60%	5.55%	3.24%
Margin								46.21%	46.83%	47.71%	42.33%	41.51%	45.44%	45.46%	45.55%	46.16%
Covering Assets	$564,195	$605,214	$646,442	$648,137	$672,540	$734,621	$937,540	$1,074,944	$1,115,616	$1,265,599	$1,328,930	$1,354,710	$1,336,561	$1,336,561				106.22%	<-Total Growth	10	Covering Assets	Type
Change	7.98%	7.27%	6.81%	0.26%	3.77%	9.23%	27.62%	14.66%	3.78%	13.44%	5.00%	1.94%	-1.34%	0.00%				4.39%	<-Median->	10	Change	Lg Term R A
Debt/Assets Coverage Ratio	0.92	0.92	0.93	0.94	0.93	0.92	0.78	0.70	0.67	0.72	0.72	0.70	0.72	0.72				0.72	<-Median->	10	Debt/Assets Coverage Ratio	Lg Term R
Debt/Total Assets Ratio	0.70	0.69	0.70	0.68	0.68	0.68	0.68	0.66	0.63	0.68	0.68	0.67	0.66	0.66				0.68	<-Median->	10	Debt/Total Assets Ratio	Intang/GW
Long Term Debt	$518,061	$554,017	$600,919	$611,877	$625,367	$676,534	$733,390	$750,838	$750,838	$916,181	$952,333	$943,849	$966,279	$966,279				57.92%	<-Total Growth	10	Debt	Liquidity
Change	11.75%	6.94%	8.47%	1.82%	2.20%	8.18%	8.40%	2.38%	0.00%	22.02%	3.95%	-0.89%	2.38%	0.00%				2.38%	<-Median->	10	Change	Liq. + CF
Debt/Market Cap Ratio	6.76	6.60	8.12	7.03	6.26	7.80	7.98	11.20	7.61	11.68	13.97	10.58	8.50	7.65				8.24	<-Median->	10	Debt/Market Cap Ratio	Debt Ratio
Assets/Current Liabilities Ratio	23.32	23.16	25.87	27.43	25.65	21.19	25.87	22.44	23.74	25.14	23.55	23.14	23.84	23.84				23.79	<-Median->	10	Assets/Current Liab Ratio	Leverage Bk
Current Liabilities/Asset Ratio	0.04	0.04	0.04	0.04	0.04	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04				0.04	<-Median->	10	Current Liab/Asset Ratio	Leverage
Debt to Cash Flow (Years)	53.17	112.06	43.40	149.27	37.71	37.98	0.00	13.25	0.00	54.07	30.02	60.30	178.71	178.71				37.85	<-Median->	10	Debt to Cash Flow (Years)	D/E Ratio
Intangibles starts in 2018						$7,712	$7,834	$7,736	$7,756	$7,959	$8,012	$8,961	$7,584	$7,584				-1.66%	<-Total Growth	7	Intangibles
Goodwill & Intangibles	$10,704	$10,884	$11,449	$12,141	$12,106	$10,007	$9,631	$9,279	$8,848	$8,874	$9,181	$7,892	$8,585	$8,585				-29.29%	<-Total Growth	10	Goodwill & Intangibles
Total	$10,704	$10,884	$11,449	$12,141	$12,106	$17,719	$17,465	$17,015	$16,604	$16,833	$17,193	$16,853	$16,169	$16,169				33.18%	<-Total Growth	10	Total
Change	23.15%	1.68%	5.19%	6.04%	-0.29%	46.37%	-1.43%	-2.58%	-2.42%	1.38%	2.14%	-1.98%	-4.06%	0.00%				-0.86%	<-Median->	10	Change
Intangible/Market Cap Ratio	0.14	0.13	0.15	0.14	0.12	0.20	0.19	0.25	0.17	0.21	0.25	0.19	0.14	0.13				0.19	<-Median->	10	Intangible/Market Cap Ratio
Current Assets	$53,338	$56,730	$73,927	$46,344	$59,663	$62,269	$46,720	$76,460	$86,323	$65,895	$90,312	$63,860	$65,967	$65,967				Liquidity ratio of 1.5 and up, best
Current Liabilities	$31,896	$34,785	$33,104	$32,673	$35,687	$47,132	$41,989	$50,634	$49,918	$53,680	$59,906	$61,032	$61,252	$61,252				1.37	<-Median->	10	Ratio
Liquidity Ratio	1.67	1.63	2.23	1.42	1.67	1.32	1.11	1.51	1.73	1.23	1.51	1.05	1.08	1.08				1.23	<-Median->	5	Ratio
Liq. with CF aft div	1.89	1.68	2.55	1.44	2.03	1.61	1.01	2.54	1.59	1.45	1.95	1.22	1.08	1.08				1.45	<-Median->	5	Ratio
Liq. CF re  Inv+Div	1.71	1.54	1.81	1.33	1.51	1.25	1.01	1.20	1.59	1.20	1.30	1.08	1.08	1.08				1.20	<-Median->	5	Ratio
																		Banks are usually 1.04 or 1.05
Assets	$743,788	$805,666	$856,497	$896,266	$915,273	$998,493	$1,086,161	$1,136,466	$1,184,844	$1,349,418	$1,410,789	$1,412,027	$1,460,042	$1,460,042				Debt Ratio of 1.5 and up, best
Liabilities	$697,237	$756,455	$803,018	$838,445	$853,648	$930,813	$1,015,969	$1,065,963	$1,111,952	$1,274,669	$1,332,122	$1,327,951	$1,371,455	$1,371,455				1.07	<-Median->	10	Ratio
Debt Ratio	1.07	1.07	1.07	1.07	1.07	1.07	1.07	1.07	1.07	1.06	1.06	1.06	1.06	1.06				1.06	<-Median->	5	Ratio
Estimates BVPS														$65.16	$68.91	$72.60			Estimates		Estimates BVPS
Estimate Book Value														$80,537.8	$85,172.8	$89,733.6			Estimates		Estimate Book Value
P/B Ratio (Close)														1.57	1.48	1.41			Estimates		P/B Ratio (Close)
Difference from 10 year median															12.26%	Diff M/C			Estimates		Difference from 10 yr med.
Total Book Value	$46,551	$49,211	$53,479	$57,821	$61,625	$67,680	$70,192	$70,503	$72,892	$74,749	$78,667	$84,076	$88,587	$88,587				65.65%	<-Total Growth	10	Book Value
Non-Cont. Int.	$1,898	$1,312	$1,460	$1,570	$1,592	$2,452	$2,670	$2,376	$2,090	$1,524	$1,739	$1,707	$1,721	$1,721				17.88%	<-Total Growth	10	NCI
Pref Shares	$4,084	$2,934	$2,934	$3,594	$3,019	$2,624	$2,324	$5,308	$6,052	$8,075	$8,075	$8,779	$9,939	$9,939				238.75%	<-Total Growth	10	Pref Shares
Book Value	$40,569	$44,965	$49,085	$52,657	$57,014	$62,604	$65,198	$62,819	$64,750	$65,150	$68,853	$73,590	$76,927	$76,927	$76,927	$76,927		56.72%	<-Total Growth	10	Book Value
Book Value per Share	$33.57	$36.96	$40.80	$43.59	$47.54	$51.02	$53.61	$51.85	$53.28	$54.68	$56.71	$59.14	$62.24	$62.24	$62.24	$62.24		52.53%	<-Total Growth	10	Book Value per Share
Change	12.78%	10.11%	10.40%	6.84%	9.06%	7.32%	5.08%	-3.28%	2.75%	2.64%	3.71%	4.27%	5.25%	0.00%	0.00%	0.00%		17.53%	P/B Ratio		Current/10 Year Median
P/B Ratio (Median)	1.74	1.82	1.62	1.43	1.43	1.51	1.33	1.19	1.29	1.45	1.14	1.10	1.25	1.57	0.00	0.00		1.69	P/B Ratio		Historical Median
P/B Ratio (Close)	1.89	1.87	1.51	1.65	1.75	1.38	1.41	1.07	1.52	1.20	0.99	1.21	1.48	1.64	1.64	1.64		4.31%	<-IRR #YR->	10	Book Value	52.53%
Change	3.61%	-1.11%	-19.30%	9.72%	5.94%	-20.95%	1.76%	-24.24%	42.68%	-20.93%	-17.78%	22.45%	21.92%	11.08%	0.00%	0.00%		3.72%	<-IRR #YR->	5	Book Value	20.03%
Leverage Bank										4.2%	4.2%	4.4%	4.5%	4.5%				0.04	<-Median->	4	Leverage Bank
Leverage (A/BK)	15.98	16.37	16.02	15.50	14.85	14.75	15.47	16.12	16.25	18.05	17.93	16.79	16.48	16.48				16.19	<-Median->	10	Leverage (A/BK)
Debt/Equity Ratio	14.98	15.37	15.02	14.50	13.85	13.75	14.47	15.12	15.25	17.05	16.93	15.79	15.48	15.48				15.19	<-Median->	10	Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities)									P/BV	10 yr Med	1.40	5 yr Med	1.21		17.53%	Diff M/C		18.67	Historical		Leverage (A/BK)
			-$40.80	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$62.24
								-$51.85	$0.00	$0.00	$0.00	$0.00	$62.24
Comprehensive Income	$7,266	$7,881	$8,649	$7,139	$7,534	$7,920	$8,173	$4,017	$6,615	$8,585	$8,028	$8,604	$10,155					17.41%	<-Total Growth	10	Comprehensive Income
NCI	$234	$249	$124	$237	$192	$65	$205	-$93	$125	$233	$327	$62	$45					-63.71%	<-Total Growth	10	NCI
Capital Inst Equity Holders	$31	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0								Capital Inst Equity Holders
Preferred	$217	$155	$117	$130	$129	$187	$182	$196	$233	$260	$419	$472	$506								Preferred
Shareholders	$6,784	$7,477	$8,408	$6,772	$7,213	$7,668	$7,786	$3,914	$6,257	$8,092	$7,282	$8,070	$9,604					14.22%	<-Total Growth	10	Shareholders
Increase	4.55%	10.22%	12.45%	-19.46%	6.51%	6.31%	1.54%	-49.73%	59.86%	29.33%	-10.01%	10.82%	19.01%					19.0%	<-Median->	5	Comprehensive Income
5 Yr Running Average	$4,783	$5,766	$6,690	$7,186	$7,331	$7,508	$7,569	$6,671	$6,568	$6,743	$6,666	$6,723	$7,861					1.34%	<-IRR #YR->	10	Comprehensive Income	14.22%
ROE	14.6%	15.2%	15.7%	11.7%	11.7%	11.3%	11.1%	5.6%	8.6%	10.8%	9.3%	9.6%	10.8%					19.66%	<-IRR #YR->	5	Comprehensive Income	145.38%
5Yr Median	13.4%	14.6%	15.2%	15.2%	14.6%	11.7%	11.7%	11.3%	11.1%	10.8%	9.3%	9.3%	9.6%					1.63%	<-IRR #YR->	10	5 Yr Running Average	17.50%
% Difference from NI	-0.7%	-0.2%	1.7%	-1.6%	-2.1%	-2.0%	-1.5%	-4.9%	-5.9%	-4.0%	-0.9%	-0.3%	1.4%					3.34%	<-IRR #YR->	5	5 Yr Running Average	17.85%
Median Values										Diff	5, 10 yr	-1.8%	-0.9%					9.6%	<-Median->	5	Return on Equity
			-$8,408	$0	$0	$0	$0	$0	$0	$0	$0	$0	$9,604
								-$3,914	$0	$0	$0	$0	$9,604
			-$6,690	$0	$0	$0	$0	$0	$0	$0	$0	$0	$7,861
								-$6,671	$0	$0	$0	$0	$7,861
Current Liability Coverage Ratio	-0.10	-0.09	-0.12	-0.13	-0.12	-0.10	-0.13	-0.16	-0.06	-0.07	-0.12	-0.12	-0.14	0.09							CFO / Current Liabilities
5 year Median			-0.09	-0.10	-0.12	-0.12	-0.12	-0.13	-0.12	-0.10	-0.12	-0.12	-0.12	-0.12				-0.12	<-Median->	5	Current Liability Cov Ratio
Asset Efficiency Ratio	-0.42%	-0.38%	-0.45%	-0.49%	-0.49%	-0.48%	-0.49%	-0.70%	-0.25%	-0.27%	-0.50%	-0.52%	-0.59%	0.37%							CFO / Total Assets
5 year Median	0.81%	-0.36%	-0.38%	-0.42%	-0.45%	-0.48%	-0.49%	-0.49%	-0.49%	-0.48%	-0.49%	-0.50%	-0.50%	-0.50%				-0.5%	<-Median->	5	Return on Assets
Return on Assets ROA	0.83%	0.86%	0.81%	0.78%	0.86%	0.84%	0.76%	0.58%	0.79%	0.72%	0.50%	0.52%	0.50%	0.67%				Net	Income/Assets		Return on Assets
5Yr Median	0.83%	0.86%	0.86%	0.83%	0.83%	0.84%	0.81%	0.78%	0.79%	0.76%	0.72%	0.58%	0.52%	0.52%				0.5%	<-Median->	5	Asset Efficiency Ratio
Return on Equity ROE	15.29%	15.38%	14.05%	13.27%	13.81%	13.36%	12.59%	10.48%	14.50%	14.82%	10.15%	9.90%	9.47%	12.69%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	17.07%	17.07%	15.38%	15.29%	14.05%	13.81%	13.36%	13.27%	13.36%	13.36%	12.59%	10.48%	10.15%	10.15%				10.2%	<-Median->	5	Return on Equity
														$8,577	<-12 mths	17.77%
Net Income	$6,697	$7,298	$7,213	$7,368	$8,243	$8,724	$8,798	$6,853	$9,955	$10,174	$7,528	$7,892	$7,758								Net Income
NCI	$244	$227	$199	$251	$238	$176	$408	$75	$331	$258	$118	$134	-$31								NCI
Capital Inst Equity Holders	$31	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Preferred	$217	$155	$117	$130	$129	$187	$182	$196	$233	$260	$419	$472	$506
Shareholders	$6,205	$6,916	$6,897	$6,987	$7,876	$8,361	$8,208	$6,582	$9,391	$9,656	$6,991	$7,286	$7,283	$9,759	$10,827	$11,637		5.60%	<-Total Growth	10	Shareholders
Increase	3.02%	11.46%	-0.27%	1.30%	12.72%	6.16%	-1.83%	-19.81%	42.68%	2.82%	-27.60%	4.22%	-0.04%	34.00%	10.94%	7.48%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	$4,917	$5,628	$6,200	$6,606	$6,976	$7,407	$7,666	$7,603	$8,084	$8,440	$8,166	$7,981	$8,121	$8,195	$8,429	$9,358		0.55%	<-IRR #YR->	10	Net Income	5.60%
Operating Cash Flow	$9,744	$4,944	$13,847	$4,099	$16,584	$17,811	-$12,025	$56,664	-$12,807	$16,943	$31,724	$15,652	$5,407					2.04%	<-IRR #YR->	5	Net Income	10.65%
Investment Cash Flow	-$3,228	-$3,228	-$13,509	-$2,754	-$12,540	-$13,725	$15,218	-$56,459	$14,697	-$11,293	-$30,040	-$7,450	$1,568					2.74%	<-IRR #YR->	10	5 Yr Running Aveage	30.99%
Total Accruals	-$311	$5,200	$6,559	$5,642	$3,832	$4,275	$5,015	$6,377	$7,501	$4,006	$5,307	-$916	$308					1.33%	<-IRR #YR->	5	5 Yr Running Aveage	6.82%
Total Assets	$743,788	$805,666	$856,497	$896,266	$915,273	$998,493	$1,086,161	$1,136,466	$1,184,844	$1,349,418	$1,410,789	$1,412,027	$1,460,042						Balance Sheet		Assets
Accruals Ratio	-0.04%	0.65%	0.77%	0.63%	0.42%	0.43%	0.46%	0.56%	0.63%	0.30%	0.38%	-0.06%	0.02%					0.30%	<-Median->	5	Ratio
EPS/CF Ratio	-2.02	-2.23	-1.78	-1.60	-1.75	-1.75	-1.51	-0.81	-3.18	-2.60	-1.00	-1.00	-0.81					-1.56	<-Median->	10	EPS/CF Ratio
			-$6,897	$0	$0	$0	$0	$0	$0	$0	$0	$0	$7,283
								-$6,582	$0	$0	$0	$0	$7,283
			-$6,200	$0	$0	$0	$0	$0	$0	$0	$0	$0	$8,121
								-$7,603	$0	$0	$0	$0	$8,121
Change in Close	16.85%	8.88%	-10.91%	17.22%	15.54%	-15.17%	6.92%	-26.73%	46.59%	-18.84%	-14.73%	27.68%	28.32%	11.08%	0.00%	0.00%			Count	31	Years of data
up/down																			Count	10	32.26%
Meet Prediction?																		% right	Count	2	20.00%
Financial Cash Flow	-$7,205	-$4,186	$263	-$1,196	-$2,932	-$2,870	-$1,288	$143	-$2,777	-$4,579	-$2,766	-$8,838	-$6,308						C F Statement		Financial Cash Flow
Total Accruals	$6,894	$9,386	$6,296	$6,838	$6,764	$7,145	$6,303	$6,234	$10,278	$8,585	$8,073	$7,922	$6,616								Accruals
Accruals Ratio	0.93%	1.16%	0.74%	0.76%	0.74%	0.72%	0.58%	0.55%	0.87%	0.64%	0.57%	0.56%	0.45%								Ratio
Cash Flow	-689.00	-2,470.00	601.00	149.00	1,112.00	1,216.00	1,905.00	348.00	-887.00	1,071.00	-1,082.00	-636.00	667.00								Cash Flow
Exch Rate Changes	102.00	207.00	305.00	-18.00	-142.00	-44.00	2.00	-129.00	-543.00	301.00	190.00	-131.00	183.00								Exch Rate Changes
Net Cash Flow	-587.00	-2,263.00	906.00	131.00	970.00	1,172.00	1,907.00	219.00	-1,430.00	1,372.00	-892.00	-767.00	850.00								Net Cash Flow
Per share	-$0.57	-$2.03	$0.50	$0.12	$0.93	$0.99	$1.57	$0.29	-$0.73	$0.90	-$0.89	-$0.51	$0.54								Per share
5 Yr Running Aveage	$0.43	-$0.17	-$0.17	-$0.26	-$0.21	$0.10	$0.82	$0.78	$0.61	$0.60	$0.23	-$0.19	-$0.14								5 Yr Running Aveage
Cash	$5,449	$5,828	$6,724	$6,855	$7,825	$8,997	$10,904	$11,123	$9,693	$11,065	$10,173	$9,406	$10,256	$10,256							Cash
Cash per Share	$4.51	$4.79	$5.59	$5.68	$6.53	$7.33	$8.97	$9.18	$7.98	$9.29	$8.38	$7.56	$8.30	$8.30				$8.30	<-Median->	5	Cash per Share
Percentage of Stock Price	7.11%	6.94%	9.09%	7.87%	7.84%	10.38%	11.87%	16.59%	9.83%	14.10%	14.92%	10.54%	9.02%	8.12%				10.54%	<-Median->	5	% of Stock Price
Notes:
January 10. 2026.  Last estimates were for 2025, 2026, 2027 of $35807M, $37961M 2025/6 Revenue, $7.00, $7.98, $8.10 AEPS, $6.70, $7.93, $7.71 EPS,
$4.29, $4.42, $4.50 Dividends, $15794M, $17001M, $16841M EBIT, $61.63, $64.95, $66.37 BVPS, $8355M, $9639M, $9288M Net Income.
January 11, 2025.  Last estimates were for 2024, 2025, 2026 of $33585M, $35032M, $37093M Adj Revenue, $6.48, $6.95, $7.28 AEPS,
$6.48, $7.06, $7.36 EPS, $4.28, $4.38, $4.37 Dividends, $59.20, $62.30, $65.70 BVPS, $6901M, $7648M, $8979M Net Income.
January 7, 2024.  Last estimates were for 2023 and 2024 of $33958M, $35878M for Revenue, $8.32 and $8.60 for AEPS,
$8.20, $8.52 and $8.53 2023/5 for EPS, $59.60 and $62.90 for BVPS, and $9753M, $9585M and $10306M 2023/5 for Net Income.
January 7, 2023.  Last estimates were for 2022, 2023 and 2024 of $32307M and $34484M for Revenue 2022/3, $8.27, $8.77 and $8.68 for EPS,
$3.96, $4.19 and 3.70 for Dividends and $9934M, $10338M and $10629M for Net Income.
January 9, 2022. Last estimates were for 2021 and 2022 pf $30269M, $31817M for Revenue, $6.03 and $6.78 for EPS, $3.60, $3.62 and $3.60 for Divdiendsm and $7350M, $8237M for Net Income.
January 10, 2021.  Last estimates were for 2020 and 2021 of of $32436M and $33694M for Revenue, $7.44, 7.62 and $8.46 for EPS for 2020 to 2022,
$3.68, $3.84 and $4.12 for Dividends for 2020 to 2022, $7.75 for CFPS for 2020 and $8880M and $9556M for Net Income.
January 11, 2020.  Last estimates were for 2019, 200 and 2021 of $31151M, $33093M and $34406M for Revenue, $7.27, $7.73 and $7.74 for EPS,
$7.84 and $7.75 for CFPS for 2019 and 2020 and $9025M, $9649M and $11046M for Net Income.
January 13, 2019.  Last estimates were for 2018, 2019 and 2020 of $28775M, $30850M nd $32397M for Revenue, $6.39, $7.30 and $7.95 for EPS, $7.84, $8.33 and $7.75 for CFPS and $8279M, $8980M for Net Income for 2018 and 2019.
January 12, 2018.  Last estimates were for 2017, 2018 and 2019 of $27652M, $29142M and $29964M for Revenue, $6.31, $6.75 and $7.42 for EPS,
$7.04 and $7.76 for CFPS for 2017 and 2018, $7.728M and $8.274M for Net Income for 2017 and 2018.
January 15, 2017.  Last estimates were for 2016, 2017 and 2018 of $25660M, $27231M and $28202M for Revenue, $5.91, $6.28 and $7.04 for EPS,
$7.04, $7.56 and $7.76 for CFPS and $7134M and $7584M for 2016 and 2017 for Net Income.
January 15, 2016.  Last estimates were for 2015, 2016 and 2017 of $24230M, $25720M and $26839M for Revenue, $5.74, $6.19 and $6.85 for EPS,
$7.04, $7.64 and $7.55 for CFPS and $7041M, $4560M and $8128M for Net Income.
January 11, 2015.  Last estimates were for 2014, 2015 and 2016 of $23054M, $24409M and $26263M for Revenue, $5.56, $5.91 and $6.27 for EPS,
$7.13 and $7.69 (2014 and 2015) for CFPS, and $6722M, $7186M and $7880M for Net Income.
January 11, 2014.  Last estimates were for 2013 and 2014 of $20727M and $223037M for Revenue, $5.12 and $5.54 for EPS.
January 13, 2013.  Last Estimates were for 2012 and 2013 of $18248M and $19557M for Revenue, $4.73 and $5.18 for EPS and $7.64 and $8.28 for CFPS.
Dec 17, 2011.  Last Estimates for 2011 and 2012 were $4.47 and $5.00 for EPS and $7.86 and $8.36 for CF.
Dec 05, 2010.  that last time I looked I got 2010 and 2011 estimates of $3.58 and $4.38 for earnings and $7.16 and 7.86 for cash flow.
Dec 17, 2009.  The last time I looked at this stock in Dec 2008, I got earnings for 2009 at $3.70 and cash flow of $6.60.
This bank has been paying dividends since 1833.
January 2018.  Banks says first dividend 3% rate per annum on July 1, 1833.  Payments continuous since then. 185 years.
January 2014. Banks has had increases in 42 of the last 45 years.
April 2013.  They have paid dividends each year since founding in 1932.  In 42 of the last 45 years they have increased their dividends.  This is over a 90% hit rate.
Sector:
Banks, Financial Services
What should this stock accomplish?
I would expect dividends to be moderate to good with moderate dividend growth over the longer term.
Would I buy this company and Why.
If I was looking for another bank, I would certainly consider this one.  The only reason I do not own it is that I have enough bank stock with the 3 banks I own.
Why am I following this stock.
This is one of the big banks of Canada.  All our big banks are dividend growth companies.
Besides, my son owns shares in this bank.
Dividends
Cycle 1 dividends payable in January, April, July and October.  Dividends are declared for shareholders of a month for payment in that month.
For example, the dividend payable on January 29, 2014 is payable for shareholders of record of January 7, 2014.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
Scotia Bank says that Corporate Social Responsibility has always been at the heart of how we do business at Scotiabank. Since 1832, we have taken pride in creating value for our shareholders,
fulfilling our customers' unique financial needs, providing employees with rewarding careers, and supporting the well-being of our communities.
How they make their money.
The Bank of Nova Scotia is a global financial services provider. The bank has four major business segments: Canadian banking, international banking, global wealth management, and
global banking and markets. The bank's international operations span numerous countries and are more concentrated in the Latin America region.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M			Change
Date	2018	Jan 13	2019	Jan 11	2020	Jan 10	2021	Jan 10	2022	Jan 7	2023	Jan 7	2024	Jan 11	2025			Jan 10	2026
Thomsom, Scott										0.039	0.00%	0.054	0.00%	0.054	0.00%			0.061	0.00%		New in 2024	13.04%
CEO - Shares - Amount											$2.177		$3.838		$4.925				$6.184
Options - percentage										0.028	0.00%	0.269	0.02%	0.494	0.04%			0.726	0.06%			46.96%
Options - amount											$1.557		$19.316		$45.468				$74.223
Porter, Brian J.	0.01%	0.123	0.01%	0.136	0.01%	0.136	0.01%	0.137	0.01%	0.144	0.01%
CEO - Shares - Amount	$8.300		$9.268		$7.501		$11.030		$9.020		$8.075										Ceased insider Apr 2023
Options - percentage	0.08%	1.138	0.09%	1.285	0.11%	1.467	0.12%	1.152	0.10%	1.395	0.11%
Options - amount	$69.788		$85.992		$71.132		$119.045		$75.831		$78.355
Viswanathan, Rajagopal		0.014	0.00%	0.014	0.00%	0.025	0.00%	0.023	0.00%	0.030	0.00%	0.030	0.00%	0.042	0.00%			0.000	0.00%		Cannot find
CFO - Shares - Amount			$1.073		$0.792		$2.028		$1.499		$1.683		$2.164		$3.884				$0.000
Options - percentage		0.070	0.01%	0.102	0.01%	0.160	0.01%	0.219	0.02%	0.284	0.02%	0.350	0.03%	0.406	0.03%			0.000	0.00%
Options - amount			$5.321		$5.627		$13.016		$14.422		$15.932		$25.095		$37.314				$0.000
McGuckin, Sean	0.00%
CFO - Shares - Amount	$3.093
Options - percentage	0.03%
Options - amount	$27.931
Arellano, Ian	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.001	0.00%	0.002	0.00%			0.003	0.00%			62.64%
Officer - Shares - Amount	$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.056		$0.169				$0.306
Options - percentage	0.00%	0.100	0.01%	0.061	0.01%	0.162	0.01%	0.191	0.02%	0.231	0.02%	0.271	0.02%	0.302	0.02%			0.269	0.02%			-10.93%
Options - amount	$3.927		$7.553		$3.353		$13.119		$12.608		$12.956		$19.402		$27.767				$27.472
Thomas, Phil												0.002	0.00%	0.002	0.00%			0.003	0.00%		Because he has shares	13.63%
Officer - Shares - Amount													$0.148		$0.216				$0.273
Options - percentage												0.208	0.02%	0.244	0.02%			0.278	0.02%			14.26%
Options - amount													$14.917		$22.418				$28.452
Gowland, Glen Bruce										0.002	0.00%	0.003	0.00%								Ceased insider Dec 24
Officer - Shares - Amount											$0.115		$0.180
Options - percentage										0.451	0.04%	0.555	0.04%
Options - amount											$25.344		$39.806
Babatz, Guillermo	0.00%	0.002	0.00%	0.002	0.00%	0.003	0.00%	0.003	0.00%	0.003	0.00%	0.003	0.00%	0.003	0.00%			0.003	0.00%			0.00%
Director - Shares - Amount	$0.072		$0.136		$0.100		$0.203		$0.165		$0.140		$0.179		$0.230				$0.255
Options - percentage	0.00%	0.010	0.00%	0.012	0.00%	0.015	0.00%	0.019	0.00%	0.023	0.00%	0.029	0.00%	0.035	0.00%			0.040	0.00%			15.07%
Options - amount	$0.522		$0.728		$0.671		$1.250		$1.247		$1.312		$2.084		$3.226				$4.124
Aufreiter, Nora Anne	0.00%	0.003	0.00%	0.003	0.00%	0.003	0.00%	0.003	0.00%	0.003	0.00%	0.006	0.00%	0.007	0.00%			0.007	0.00%			0.00%
Director - Shares - Amount	$0.071		$0.189		$0.138		$0.260		$0.211		$0.180		$0.459		$0.635				$0.705
Options - percentage	0.00%	0.009	0.00%	0.012	0.00%	0.018	0.00%	0.022	0.00%	0.027	0.00%	0.034	0.00%	0.042	0.00%			0.048	0.00%			16.05%
Options - amount	$0.447		$0.645		$0.683		$1.432		$1.446		$1.538		$2.467		$3.844				$4.955
Brenneman, Ron A.																					Ceased insider Apr 2017
Director - Shares - Amount
Options - percentage
Options - amount
Regent, Aaron William				0.053	0.00%	0.063	0.01%	0.063	0.01%	0.092	0.01%	0.092	0.01%	0.092	0.01%			0.132	0.01%			43.27%
Chairman - Shares - Amt					$2.943		$5.073		$4.117		$5.189		$6.626		$8.502				$13.530
Options - percentage				0.027	0.00%	0.037	0.00%	0.045	0.00%	0.054	0.00%	0.065	0.01%	0.077	0.01%			0.088	0.01%			14.30%
Options - amount					$1.516		$2.998		$2.944		$3.013		$4.677		$7.119				$9.039
O'Neill, Thomas Charles	0.00%	0.011	0.00%																		Ceased insider April 2019
Chairman - Shares - Amt	$0.798		$0.854
Options - percentage	0.00%	0.056	0.00%
Options - amount	$3.390		$4.236
Mayberry, John T.
Chairman - Shares - Amt
Options - percentage
Options - amount
Increase in O/S Shares	0.45%	2.238	0.18%	4.111	0.34%	0.942	0.08%	3.016	0.25%	1.951	0.16%	0.415	0.03%	0.498	0.04%			2.710	0.22%
due to SO 2013	$444.558		$158.148		$310.581		$52.131		$244.724		$128.498		$23.316		$35.697				$249.288
Book Value	$313.000		$135.000		$253.000		$59.000		$200.000		$136.000		$28.000		$37.000				$210.000
Insider Buying	-$1.119		-$4.592		-$1.148		-$0.745		-$1.039		-$4.681		-$1.317		-$1.773				-$2.602
Insider Selling	$12.462		$1.524		$9.378		$2.864		$48.617		$5.937		$0.000		$4.744				$12.155
Net Insider Selling	$11.344		-$3.068		$8.230		$2.119		$47.577		$1.256		-$1.317		$2.971				$9.553
% of Market Cap	0.01%		0.00%		0.01%		0.00%		0.06%		0.00%		0.00%		0.00%				0.01%
Directors		17		13		14		13		14		14		15				12
Women	33%	6	35%	5	38%	6	43%	5	38%	5	36%	5	36%	5	33%			5	42%
Minorities	13%	3	18%	1	8%	1	7%	0	0%	1	7%	1	7%	1	7%			1	8%
Institutions/Holdings	47.29%	405	46.65%	20	44.24%	20	43.67%	20	43.56%	20	46.12%	20	40.40%	20	40.17%			20	40.75%
Total Shares Held	46.22%	572.379	47.07%	534.586	44.13%	529.173	43.54%	529.524	44.45%	549.486	45.26%	490.460	39.41%	499.836	40.17%			503.776	40.76%
Increase/Decrease	4.59%	1.560	0.27%	-15.806	-2.87%	5.083	0.97%	13.767	2.67%	15.483	2.90%	-4.320	-0.87%	-2.041	-0.41%			-86.064	-14.59%
Starting No. of Shares	NASDAQ	570.819	NASDAQ	550.392	Top 20 MS	524.090	Top 20 MS	515.756	Top 20 MS	534.003	Top 20 MS	494.780	Top 20 MS	501.878	Top 20 MS			589.840	Top 20 MS
Institutions/Holdings	53.29%	682	53.29%
Total Shares Held	52.10%	659.126	54.20%
Increase/Decrease	-0.12%	2.165	0.33%
Starting No. of Shares	Reuters	656.961	Reuters
Copyright © 2008 Website of SPBrunner. All rights reserved.