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	10/31/12	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		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
														$34,215	<-12 mths	1.19%
Adjusted Revenue	$17,154	$21,343	$23,604	$24,049	$26,350	$27,155	$28,775	$31,161	$31,139	$31,252	$31,777	$31,940	$33,813	$35,807	$37,961			43.25%	<-Total Growth	10	Adjusted Revenue	Non-GAAP Meausres
Change	21.30%	8.33%	10.59%	1.89%	9.57%	3.06%	5.97%	8.29%	-0.07%	0.36%	1.68%	0.51%	5.86%	5.90%	6.02%			3.66%	<-IRR #YR->	10	Revenue	43.25%
5 year Running Average	$18,802	$18,607	$19,541	$20,972	$22,500	$24,500	$25,987	$27,498	$28,916	$29,896	$30,821	$31,454	$31,984	$32,918	$34,260			1.65%	<-IRR #YR->	5	Revenue	8.51%
Revenue per Share	$14.48	$17.66	$19.40	$19.99	$21.81	$22.64	$23.45	$25.62	$25.70	$25.71	$26.67	$26.31	$27.17	$28.77	$30.50			5.05%	<-IRR #YR->	10	5 yr Running Average	63.68%
Increase	-15.71%	21.93%	9.87%	3.04%	9.12%	3.80%	3.57%	9.26%	0.31%	0.04%	3.73%	-1.36%	3.28%	5.90%	6.02%			3.07%	<-IRR #YR->	5	5 yr Running Average	16.31%
5 year Running Average	$17.77	$16.80	$16.98	$17.74	$18.67	$20.30	$21.46	$22.70	$23.85	$24.63	$25.43	$26.00	$26.31	$26.93	$27.89			3.43%	<-IRR #YR->	10	Revenue per Share	40.04%
P/S (Price/Sales) Med	3.62	3.30	3.46	3.30	2.85	3.00	3.28	2.79	2.40	2.67	2.97	2.46	2.40	2.65	0.00			1.18%	<-IRR #YR->	5	Revenue per Share	6.04%
P/S (Price/Sales) Close	3.75	3.59	3.56	3.08	3.30	3.68	3.01	2.95	2.15	3.16	2.47	2.13	2.64	2.58	2.43			4.48%	<-IRR #YR->	10	5 yr Running Average	54.93%
*Total Revenue M CDN $					P/S Med	20 yr	2.97	15 yr	3.00	10 yr	2.82	5 yr	2.46		-8.60%	Diff M/C		2.99%	<-IRR #YR->	5	5 yr Running Average	15.90%
			-$23,604	$0	$0	$0	$0	$0	$0	$0	$0	$0	$33,813
								-$31,161	$0	$0	$0	$0	$33,813
			-$19,541	$0	$0	$0	$0	$0	$0	$0	$0	$0	$31,984
								-$27,498	$0	$0	$0	$0	$31,984
			-$19.40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$27.17
								-$25.62	$0.00	$0.00	$0.00	$0.00	$27.17
			-$16.98	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$26.31
								-$22.70	$0.00	$0.00	$0.00	$0.00	$26.31
Interest Income	$17,154	$18,822	$19,540	$20,287	$22,208	$23,927	$28,067	$32,784	$29,712	$24,986	$33,558	$56,824	$61,659					215.55%	<-Total Growth	10	Interest Income
Other Income	$9,960	$10,275	$11,639	$10,957	$12,058	$12,120	$12,584	$13,584	$14,016	$14,291	$13,301	$14,020	$14,418					23.88%	<-Total Growth	10	Other Income
Total	$27,114	$29,097	$31,179	$31,244	$34,266	$36,047	$40,651	$46,368	$43,728	$39,277	$46,859	$70,844	$76,077					144.00%	<-Total Growth	10	Total
														$34,072	<-12 mths	1.19%
Revenue*	$19,701	$21,343	$23,604	$24,049	$26,350	$27,155	$28,775	$31,034	$31,336	$31,252	$31,416	$32,307	$33,670	$35,807	$37,961			42.65%	<-Total Growth	10	Revenue
Increase	21.30%	8.33%	10.59%	1.89%	9.57%	3.06%	5.97%	7.85%	0.97%	-0.27%	0.52%	2.84%	4.22%	6.35%	6.02%			3.62%	<-IRR #YR->	10	Revenue	42.65%
5 year Running Average	$14,834	$16,853	$19,031	$16,178	$23,009	$24,500	$25,987	$27,473	$23,660	$29,910	$30,763	$31,469	$31,996	$32,890	$34,232			1.64%	<-IRR #YR->	5	Revenue	8.49%
Revenue per Share	$16.63	$17.66	$19.40	$19.99	$21.81	$22.64	$23.45	$25.52	$25.87	$25.71	$26.37	$26.61	$27.06	$28.77	$30.50			5.33%	<-IRR #YR->	10	5 yr Running Average	68.12%
Increase	11.53%	6.16%	9.87%	3.04%	9.12%	3.80%	3.57%	8.82%	1.36%	-0.58%	2.55%	0.92%	1.67%	6.35%	6.02%			3.10%	<-IRR #YR->	5	5 yr Running Average	16.47%
5 year Running Average	$13.79	$15.06	$16.46	$17.72	$19.10	$20.30	$21.46	$22.68	$23.86	$24.64	$25.38	$26.02	$26.32	$26.91	$27.86			3.38%	<-IRR #YR->	10	Revenue per Share	39.45%
P/S (Price/Sales) Med	3.15	3.30	3.46	3.30	2.85	3.00	3.28	2.80	2.38	2.67	3.00	2.43	2.41	2.65	0.00			1.18%	<-IRR #YR->	5	Revenue per Share	6.03%
P/S (Price/Sales) Close	3.26	3.59	3.56	3.08	3.30	3.68	3.01	2.96	2.14	3.16	2.50	2.11	2.65	2.58	2.43			4.81%	<-IRR #YR->	10	5 yr Running Average	59.94%
*Total Revenue M CDN $					P/S Med	20 yr	3.22	15 yr	3.00	10 yr	2.83	5 yr	2.43		-8.78%	Diff M/C		3.02%	<-IRR #YR->	5	5 yr Running Average	16.04%
			-$23,604	$0	$0	$0	$0	$0	$0	$0	$0	$0	$33,670
								-$31,034	$0	$0	$0	$0	$33,670
			-$19,031	$0	$0	$0	$0	$0	$0	$0	$0	$0	$31,996
								-$27,473	$0	$0	$0	$0	$31,996
			-$19.40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$27.06
								-$25.52	$0.00	$0.00	$0.00	$0.00	$27.06
			-$16.46	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$26.32
								-$22.68	$0.00	$0.00	$0.00	$0.00	$26.32
														$6.45	<-12 mths	-0.31%
Adjusted Net Income CDN$	$6,183	$6,685	$7,360	$7,048	$7,424	$7,936	$8,659	$9,409	$6,961	$9,595	$10,230	$7,901	$8,627					17.21%	<-Total Growth	10	Adjusted Net Income
Return on Equity ROE	17.54%	16.48%	16.37%	14.36%	14.10%	13.92%	13.83%	14.43%	11.08%	14.82%	15.70%	11.48%	11.72%					14.01%	<-Median->	10	Return on Equity ROE
5Yr Median	17.07%	17.07%	17.07%	16.48%	16.37%	14.36%	14.10%	14.10%	13.92%	13.92%	14.43%	14.43%	11.72%					14.23%	<-Median->	10	5Yr Median
Basic	$5.46	$5.22	$5.73	$5.82	$6.17	$6.60	$7.14	$7.70	$5.74	$7.90	$8.53	$6.60	$7.04					22.80%	<-Total Growth	10	AEPS
AEPS* Dilued	$5.33	$5.17	$5.72	$6.05	$5.72	$6.54	$7.11	$7.14	$5.36	$7.87	$8.50	$6.54	$6.47	$7.00	$7.98	$8.10		13.11%	<-Total Growth	10	AEPS
Increase	15.37%	-3.00%	10.64%	5.77%	-5.45%	14.34%	8.72%	0.42%	-24.93%	46.83%	8.01%	-23.06%	-1.07%	8.19%	14.00%	1.50%		10	0	10	Years of Data, EPS P or N	100.00%
5 year Running Average	$4.04	$4.47	$4.95	$5.38	$5.60	$5.84	$6.23	$6.51	$6.37	$6.80	$7.20	$7.08	$6.95	$7.28	$7.30	$7.22		1.24%	<-IRR #YR->	10	AEPS	13.11%
AEPS Yield	9.82%	8.16%	8.29%	9.84%	7.94%	7.85%	10.06%	9.45%	9.68%	9.70%	12.91%	11.65%	9.02%	9.44%	10.76%	10.92%		-1.95%	<-IRR #YR->	5	AEPS	-9.38%
Payout Ratio	41.09%	46.23%	44.76%	44.96%	50.35%	46.64%	46.13%	48.88%	67.16%	45.74%	47.76%	63.91%	65.53%	60.57%	53.13%	52.35%		3.45%	<-IRR #YR->	10	5 yr Running Average	40.36%
5 year Running Average	51.55%	48.21%	45.31%	44.28%	45.48%	46.59%	46.57%	47.39%	51.83%	50.91%	51.14%	54.69%	58.02%	56.71%	58.18%	59.10%		1.30%	<-IRR #YR->	5	5 yr Running Average	6.70%
Price/AEPS Median	9.84	11.27	11.75	10.90	10.86	10.39	10.83	10.02	11.49	8.74	9.32	9.91	10.07	10.88	0.00	0.00		10.23	<-Median->	10	Price/AEPS Median
Price/AEPS High	10.70	12.29	12.97	11.71	12.63	12.73	11.94	10.68	14.27	10.41	11.12	11.34	11.42	11.41	0.00	0.00		11.56	<-Median->	10	Price/AEPS High
Price/AEPS Low	8.98	10.25	10.53	10.09	9.10	8.05	9.73	9.36	8.72	7.06	7.52	8.47	8.73	10.35	0.00	0.00		8.72	<-Median->	10	Price/AEPS Low
Price/AEPS Close	10.18	12.26	12.07	10.16	12.60	12.73	9.94	10.58	10.33	10.31	7.75	8.59	11.08	10.60	9.30	9.16		10.32	<-Median->	10	Price/AEPS Close
Trailing P/AEPS Close	11.74	11.89	13.35	10.75	11.91	14.56	10.80	10.62	7.75	15.14	8.37	6.61	10.96	11.47	10.60	9.30		10.78	<-Median->	10	Trailing P/AEPS Close
Median Values		DPR	10 Yrs	48.32%	5 Yrs	63.91%	P/CF	5 Yrs	in order	9.91	11.34	8.47	10.31		6.98%	Diff M/C					DPR 75% to 95% best
* Adjusted Earnings per Share
			-$5.72	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.47
								-$7.14	$0.00	$0.00	$0.00	$0.00	$6.47
			-$4.95	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.95
								-$6.51	$0.00	$0.00	$0.00	$0.00	$6.95
													$5.99	<-12 mths	3.63%
Difference Basic and Diluted	1.69%	0.77%	0.53%	0.53%	0.52%	0.92%	1.16%	0.60%	2.39%	0.52%	0.37%	1.03%	1.18%					0.76%	<-Median->	10	Difference Basic and Diluted
EPS Basic	$5.31	$5.19	$5.69	$5.70	$5.80	$6.55	$6.90	$6.72	$5.43	$7.74	$8.05	$5.84	$5.94					4.39%	<-Total Growth	10	EPS Basic
pre '98 Split
pre '04 Split
EPS*	$5.22	$5.15	$5.66	$5.67	$5.77	$6.49	$6.82	$6.68	$5.30	$7.70	$8.02	$5.78	$5.87	$6.70	$7.93	$7.71		3.71%	<-Total Growth	10	EPS Diluted
Increase	12.99%	-1.34%	9.90%	0.18%	1.76%	12.48%	5.08%	-2.05%	-20.66%	45.28%	4.16%	-27.93%	1.56%	14.05%	18.43%	-2.76%		10	0	10	Years of Data, EPS P or N	100.00%
Earnings Yield	9.6%	8.1%	8.2%	9.2%	8.0%	7.8%	9.7%	8.8%	9.6%	9.5%	12.2%	10.3%	8.2%	9.0%	10.7%	10.4%		0.36%	<-IRR #YR->	10	Earnings per Share	3.71%
5 year Running Average	$4.02	$4.44	$4.91	$5.26	$5.49	$5.75	$6.08	$6.29	$6.21	$6.60	$6.90	$6.70	$6.53	$6.81	$6.86	$6.80		-2.55%	<-IRR #YR->	5	Earnings per Share	-12.13%
10 year Running Average	$3.60	$3.88	$4.16	$4.42	$4.64	$4.89	$5.26	$5.60	$5.74	$6.05	$6.33	$6.39	$6.41	$6.51	$6.73	$6.85		2.89%	<-IRR #YR->	10	5 yr Running Average	33.02%
* ESP per share (Cdn GAAP)									E/P	10 Yrs	9.36%	5Yrs	9.58%					0.78%	<-IRR #YR->	5	5 yr Running Average	3.95%
			-$5.66	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.87
								-$6.68	$0.00	$0.00	$0.00	$0.00	$5.87
			-$4.91	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.53
								-$6.29	$0.00	$0.00	$0.00	$0.00	$6.53
Dividend*														$4.29	$4.42	$4.50			Estimates		Dividend*
Increase														1.27%	2.96%	1.79%			Estimates		Increase
Payout Ratio EPS														64.14%	55.76%	58.37%			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*	$2.19	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$4.24	$4.24	$4.24		65.63%	<-Total Growth	10	Dividends
Increase	6.83%	9.13%	7.11%	6.25%	5.88%	5.90%	7.54%	6.40%	3.15%	0.00%	12.78%	2.96%	1.44%	0.00%	0.00%	0.00%		36	0	39	Years of data, Count P, N	92.31%
Average Increases 5 Year Running	4.77%	4.53%	5.53%	6.78%	7.04%	6.86%	6.54%	6.40%	5.78%	4.60%	5.97%	5.06%	4.06%	3.43%	3.43%	0.88%		6.19%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running	$2.02	$2.11	$2.23	$2.38	$2.55	$2.72	$2.90	$3.08	$3.26	$3.40	$3.61	$3.79	$3.94	$4.06	$4.19	$4.23		76.50%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	4.17%	4.10%	3.81%	4.12%	4.63%	4.49%	4.26%	4.88%	5.84%	5.23%	5.12%	6.45%	6.50%	5.57%				5.00%	<-Median->	10	Dividends	Item
Yield on High  Price	3.84%	3.76%	3.45%	3.84%	3.99%	3.66%	3.86%	4.58%	4.71%	4.39%	4.30%	5.64%	5.74%	5.31%				4.34%	<-Median->	10	Dividends	EPS
Yield on Low Price	4.57%	4.51%	4.25%	4.45%	5.53%	5.79%	4.74%	5.22%	7.71%	6.48%	6.35%	7.54%	7.50%	5.85%				6.07%	<-Median->	10	Dividends	AEPS
Yield on Close Price	4.04%	3.77%	3.71%	4.42%	4.00%	3.66%	4.64%	4.62%	6.50%	4.44%	6.17%	7.44%	5.91%	5.72%	5.72%	5.72%		4.63%	<-Median->	10	Dividends	CFPS
Payout Ratio EPS	41.95%	46.41%	45.23%	47.97%	49.91%	47.00%	48.09%	52.25%	67.92%	46.75%	50.62%	72.32%	72.23%	63.33%	53.47%	54.99%		51.43%	<-Median->	10	DPR EPS	FCF
DPR EPS 5 Yr Running	50.12%	47.50%	45.40%	45.25%	46.38%	47.32%	47.65%	49.06%	52.48%	51.59%	52.23%	56.54%	60.24%	59.65%	61.12%	62.21%		51.91%	<-Median->	10	DPR EPS 5 Yr Running
Payout Ratio CFPS	32.14%	29.64%	62.99%	23.63%	84.87%	22.06%	22.60%	0.00%	7.70%	0.00%	28.55%	16.00%	33.71%	33.71%	#VALUE!	#DIV/0!		22.33%	<-Median->	10	DPR CF
DPR CF 5 Yr Running	70.00%	469.03%	65.24%	37.90%	37.64%	33.28%	30.63%	46.22%	23.75%	31.12%	32.73%	28.38%	22.07%	36.97%	#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%	33.71%	#VALUE!	#DIV/0!		0.00%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running	66.99%	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%	#VALUE!	#DIV/0!		0.00%	<-Median->	10	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	5.00%	4.63%	5 Yr Med	5 Yr Cl	5.84%	6.17%	5 Yr Med	Payout	67.92%	16.00%	0.00%					3.97%	<-IRR #YR->	5	Dividends	21.49%
* Dividends per share	10 Yr Med	and Cur.	14.28%	23.42%	5 Yr Med	and Cur.	-2.18%	-7.29%	Last Div Inc --->		$1.03	$1.06	2.91%					5.18%	<-IRR #YR->	10	Dividends	65.63%
Dividends Growth 15																		5.28%	<-IRR #YR->	15	Dividends	116.33%
Dividends Growth 20																		6.98%	<-IRR #YR->	20	Dividends	285.45%
Dividends Growth 25																		9.54%	<-IRR #YR->	25	Dividends	874.71%
Dividends Growth 30																		9.35%	<-IRR #YR->	30	Dividends
Dividends Growth 35																		8.82%	<-IRR #YR->	35	Dividends
Dividends Growth 40																		8.60%	<-IRR #YR->	39	Dividends
Dividends Growth 5								-$3.49	$0.00	$0.00	$0.00	$0.00	$4.24								Dividends Growth 5
Dividends Growth 10			-$2.56	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.24								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	$4.24								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	$4.24								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	$4.24								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	$4.24								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	$4.24								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	$4.24								Dividends Growth 40
Historical Dividends	Historical	High Div	7.69%	Low Div	2.37%	10 Yr High	7.69%	10 Yr Low	3.51%	Med Div	4.24%	Close Div	4.13%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-25.67%		141.17%	Exp.	-25.67%		62.84%	Cheap	34.81%	Cheap	38.56%								High/Ave/Median
Historical Dividends 1988	Historical	High Div	7.78%	Low Div	2.32%	10 Yr High	7.69%	10 Yr Low	3.51%	Med Div	4.17%	Close Div	4.00%								Historical Dividends
Future Dividend Yield					Div Yd	6.94%	earning in	5	Years	at IRR of	3.97%	Div Inc.	21.49%								Future Dividend Yield
Future Dividend Yield					Div Yd	8.44%	earning in	10	Years	at IRR of	3.97%	Div Inc.	47.60%								Future Dividend Yield
Future Dividend Yield					Div Yd	10.25%	earning in	15	Years	at IRR of	3.97%	Div Inc.	79.32%								Future Dividend Yield
Future Dividend Paid					Div Paid	$5.15	earning in	5	Years	at IRR of	3.97%	Div Inc.	22.88%								Future Dividend Paid
Future Dividend Paid					Div Paid	$6.26	earning in	10	Years	at IRR of	3.97%	Div Inc.	49.29%								Future Dividend Paid
Future Dividend Paid					Div Paid	$7.60	earning in	15	Years	at IRR of	3.97%	Div Inc.	81.37%								Future Dividend Paid
Dividend Covering Cost					Total Div	$24.37	over	5	Years	at IRR of	6.98%	Div Cov.	32.86%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$51.41	over	10	Years	at IRR of	6.98%	Div Cov.	69.31%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$89.30	over	15	Years	at IRR of	6.98%	Div Cov.	120.38%								Dividend Covering Cost
Yield if held 5 years	4.30%	5.34%	7.03%	5.43%	5.23%	5.81%	5.63%	5.19%	5.46%	5.79%	5.97%	5.43%	5.93%	6.88%	6.17%	5.35%		5.71%	<-Median->	10	Paid Median Price
Yield if held 10 years	8.92%	8.54%	7.20%	6.75%	6.32%	5.98%	7.33%	9.59%	7.19%	6.53%	7.74%	7.17%	6.31%	6.43%	6.82%	6.24%		6.85%	<-Median->	10	Paid Median Price
Yield if held 15 years	16.03%	14.16%	15.63%	15.17%	13.12%	12.42%	11.72%	9.82%	8.93%	7.91%	7.97%	9.34%	11.65%	8.47%	7.69%	8.08%		9.58%	<-Median->	10	Paid Median Price
Yield if held 20 years	40.05%	37.21%	36.32%	39.93%	32.55%	22.32%	19.44%	21.31%	20.08%	16.40%	16.54%	14.94%	11.93%	10.52%	9.31%	8.32%		17.99%	<-Median->	10	Paid Median Price
Yield if held 25 years	51.34%	69.53%	62.29%	74.70%	75.54%	55.77%	51.07%	49.52%	52.84%	40.69%	29.72%	24.77%	25.89%	23.65%	19.32%	17.27%		45.11%	<-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%	62.24%	47.92%	31.03%		77.19%	<-Median->	10	Paid Median Price
Yield if held 35 years									108.17%	100.17%	95.18%	121.60%	103.16%	116.44%	111.21%	77.53%		105.67%	<-Median->	6	Paid Median Price
Yield if held 40 years														127.40%	117.98%	99.40%
Cost covered if held 5 years	19.78%	23.58%	30.63%	23.79%	23.12%	25.92%	24.86%	22.94%	24.71%	27.39%	26.53%	24.58%	27.51%	32.98%	30.48%	26.69%		25.39%	<-Median->	10	Paid Median Price
Cost covered if held 10 years	67.53%	64.78%	55.12%	52.06%	49.13%	46.46%	55.96%	72.99%	56.35%	54.00%	60.28%	57.35%	52.22%	55.52%	61.12%	57.63%		55.74%	<-Median->	10	Paid Median Price
Cost covered if held 15 years	140.97%	125.93%	142.75%	142.79%	126.90%	122.92%	116.56%	98.51%	92.50%	86.50%	81.84%	98.27%	127.06%	96.94%	92.03%	100.57%		98.39%	<-Median->	10	Paid Median Price
Cost covered if held 20 years	381.03%	357.30%	357.82%	405.50%	341.11%	240.51%	211.79%	236.92%	233.72%	204.44%	196.35%	184.21%	153.88%	142.90%	132.54%	123.32%		208.12%	<-Median->	10	Paid Median Price
Cost covered if held 25 years	515.93%	704.22%	645.92%	796.91%	830.10%	629.71%	582.91%	576.62%	644.77%	533.48%	372.48%	323.97%	357.10%	347.09%	299.93%	282.46%		555.05%	<-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%	943.05%	770.39%	527.21%		951.23%	<-Median->	10	Paid Median Price
Cost covered if held 35 years									1392.08%	1384.56%	1257.44%	1676.44%	1499.94%	1802.61%	1826.30%	1345.97%		1446.01%	<-Median->	6	Paid Median Price
Cost covered if held 40 years														2002.63%	1967.79%	1753.03%
																				Yr	Item	Tot. Growth
Revenue Growth								$31,034	$31,336	$31,252	$31,416	$32,307	$33,670	$34,072	<-12 mths	1.19%		8.49%	<-Total Growth	5	Revenue Growth	8.49%
AEPS Growth								$7.14	$5.36	$7.87	$8.50	$6.54	$6.47	$6.45	<-12 mths	-0.31%		-9.38%	<-Total Growth	5	AEPS Growth	-9.38%
Net Income Growth								$8,208	$6,582	$9,391	$9,656	$6,991	$7,286	$7,293	<-12 mths	0.10%		-11.23%	<-Total Growth	5	Net Income Growth	-11.23%
Cash Flow Growth								-$12,025	$56,664	-$12,807	$16,943	$31,724	$15,652	$0	<-12 mths	-100.00%		230.16%	<-Total Growth	5	Cash Flow Growth	230.16%
Dividend Growth								$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$4.24	<-12 mths	0.00%		21.49%	<-Total Growth	5	Dividend Growth	21.49%
Stock Price Growth								$75.54	$55.35	$81.14	$65.85	$56.15	$71.69	$74.18	<-12 mths	3.47%		-5.10%	<-Total Growth	5	Stock Price Growth	-5.10%
Revenue Growth			$23,604	$24,049	$26,350	$27,155	$28,775	$31,034	$31,336	$31,252	$31,416	$32,307	$33,670	$35,807	<-this year	6.35%		42.65%	<-Total Growth	10	Revenue Growth	42.65%
AEPS Growth			$5.72	$6.05	$5.72	$6.54	$7.11	$7.14	$5.36	$7.87	$8.50	$6.54	$6.47	$7.00	<-this year	8.19%		13.11%	<-Total Growth	10	AEPS Growth	13.11%
Net Income Growth			$6,916	$6,897	$6,987	$7,876	$8,361	$8,208	$6,582	$9,391	$9,656	$6,991	$7,286	$8,355	<-this year	14.67%		5.35%	<-Total Growth	10	Net Income Growth	5.35%
Cash Flow Growth			$4,944	$13,847	$4,099	$16,584	$17,811	-$12,025	$56,664	-$12,807	$16,943	$31,724	$15,652	$15,652	<-this year	0.00%		216.59%	<-Total Growth	10	Cash Flow Growth	216.59%
Dividend Growth			$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$4.24	$4.29	<-this year	1.27%		65.63%	<-Total Growth	10	Dividend Growth	65.63%
Stock Price Growth			$69.02	$61.49	$72.08	$83.28	$70.65	$75.54	$55.35	$81.14	$65.85	$56.15	$71.69	$80.67	<-this year	12.53%		3.87%	<-Total Growth	10	Stock Price Growth	3.87%
Dividends on Shares	$142.35	$155.35	$166.40	$176.80	$187.20	$198.25	$213.20	$226.85	$234.00	$234.00	$263.90	$271.70	$275.60	$275.60	$275.60	$275.60		$3,800.88	No of Years	25	Total Dividends	12/31/99
Paid	$3,734.90	$4,317.95	$4,310.15	$3,638.05	$4,859.40	$5,272.80	$4,421.95	$4,767.75	$4,472.00	$5,820.75	$4,312.10	$4,192.50	$5,017.35	$4,821.70	$4,821.70	$4,821.70		$5,017.35	No of Years	25	Worth	$15.53
Total																		$8,818.23
Dividends on Shares	$328.50	$358.50	$384.00	$408.00	$432.00	$457.50	$492.00	$523.50	$540.00	$540.00	$609.00	$627.00	$636.00	$636.00	$636.00	$636.00		$9,047.63	Divs Piad	30	Total Dividends	12/31/94
Paid	$8,619.00	$9,964.50	$9,946.50	$8,395.50	$11,214.00	$12,168.00	$10,204.50	$11,002.50	$10,320.00	$13,432.50	$9,951.00	$9,675.00	$11,578.50	$11,127.00	$11,127.00	$11,127.00		$11,578.50	Current Value	30	Worth	$6.69
Total																		$20,626.13
Dividends on Shares				$43.52	$46.08	$48.80	$52.48	$55.84	$57.60	$57.60	$64.96	$66.88	$67.84	$67.84	$67.84	$67.84		$561.60	No of Years	10	Total Dividends	12/31/14
Paid			$1,060.96	$895.52	$1,196.16	$1,297.92	$1,088.48	$1,173.60	$1,100.80	$1,432.80	$1,061.44	$1,032.00	$1,235.04	$1,186.88	$1,186.88	$1,186.88		$1,235.04	No of Years	10	Worth	$66.31
Total																		$1,796.64
Graham No. AEPS	$59.75	$62.49	$68.97	$74.53	$74.90	$83.64	$90.34	$92.80	$79.08	$97.13	$102.27	$91.35	$92.78	$96.51	$103.04	$103.81		34.53%	<-Total Growth	10	Graham Price AEPS
Price/GP Ratio Med	0.88	0.93	0.97	0.88	0.83	0.81	0.85	0.77	0.78	0.71	0.77	0.71	0.70	0.79				0.78	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	0.95	1.02	1.08	0.95	0.96	1.00	0.94	0.82	0.97	0.84	0.92	0.81	0.80	0.83				0.93	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.80	0.85	0.87	0.82	0.70	0.63	0.77	0.72	0.59	0.57	0.63	0.61	0.61	0.75				0.63	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	0.91	1.01	1.00	0.83	0.96	1.00	0.78	0.81	0.70	0.84	0.64	0.61	0.77	0.77	0.72	0.71		0.80	<-Median->	10	Price/GP Ratio
Prem/Disc Close	-9.20%	1.44%	0.07%	-17.49%	-3.77%	-0.43%	-21.80%	-18.60%	-30.01%	-16.46%	-35.61%	-38.54%	-22.73%	-23.14%	-28.01%	-28.55%		-20.20%	<-Median->	10	Graham Price
Graham No. EPS	$59.13	$62.37	$68.61	$72.15	$75.23	$83.32	$88.48	$89.76	$78.64	$96.07	$99.34	$85.88	$88.38	$94.38	$102.71	$101.28		28.82%	<-Total Growth	10	Graham Price EPS
Price/GP Ratio Med	0.89	0.93	0.98	0.91	0.83	0.82	0.87	0.80	0.78	0.72	0.80	0.75	0.74	0.81				0.80	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	0.96	1.02	1.08	0.98	0.96	1.00	0.96	0.85	0.97	0.85	0.95	0.86	0.84	0.85				0.96	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.81	0.85	0.88	0.85	0.69	0.63	0.78	0.74	0.59	0.58	0.64	0.65	0.64	0.77				0.64	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	0.92	1.02	1.01	0.85	0.96	1.00	0.80	0.84	0.70	0.84	0.66	0.65	0.81	0.79	0.72	0.73		0.83	<-Median->	10	Price/GP Ratio
Prem/Disc Close	-8.25%	1.64%	0.60%	-14.77%	-4.19%	-0.05%	-20.15%	-15.85%	-29.61%	-15.54%	-33.71%	-34.62%	-18.88%	-21.40%	-27.78%	-26.76%		-17.36%	<-Median->	10	Graham Price
Month, Year	Dec-12	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		39.00	<Count Years>		Month, Year
pre '98 Split
pre '04 Split
Price Close	$57.46	$66.43	$66.31	$55.97	$74.76	$81.12	$68.03	$73.35	$68.80	$89.55	$66.34	$64.50	$77.19	$74.18	$74.18	$74.18		16.41%	<-Total Growth	10	Stock Price
Increase	13.04%	15.61%	-0.18%	-15.59%	33.57%	8.51%	-16.14%	7.82%	-6.20%	30.16%	-25.92%	-2.77%	19.67%	-3.90%	0.00%	0.00%		11.62	<-Median->	10	CAPE (10 Yr P/E)
P/E	11.01	12.90	11.72	9.87	12.96	12.50	9.98	10.98	12.98	11.63	8.27	11.16	13.15	11.08	9.36	9.62		1.03%	<-IRR #YR->	5	Stock Price	5.24%
Trailing P/E	12.44	12.73	12.88	9.89	13.19	14.06	10.48	10.76	10.30	16.90	8.62	8.04	13.35	12.64	11.08	9.36		1.53%	<-IRR #YR->	10	Stock Price	16.41%
CAPE (10 Yr P/E)	13.06	12.98	12.71	12.21	12.11	12.13	11.92	11.63	11.56	11.61	11.23	11.09	11.23	11.33	10.96	10.66		6.26%	<-IRR #YR->	5	Price & Dividend	32.07%
Median 10, 5 Yrs		D.  per yr	4.85%	5.23%	% Tot Ret	76.01%	83.61%	T P/E	10.62	10.30	P/E:	11.39	11.63					6.38%	<-IRR #YR->	10	Price & Dividend	73.20%
Price 15		D.  per yr	4.85%		% Tot Ret	61.42%						CAPE Diff	-4.65%					3.05%	<-IRR #YR->	15	Stock Price	56.83%
Price  20		D.  per yr	4.57%		% Tot Ret	58.42%												3.25%	<-IRR #YR->	20	Stock Price	89.66%
Price  25		D.  per yr	5.84%		% Tot Ret	46.87%												6.62%	<-IRR #YR->	25	Stock Price	397.04%
Price  30		D.  per yr	6.68%		% Tot Ret	44.01%												8.49%	<-IRR #YR->	30	Stock Price	1053.81%
Price  35		D.  per yr	6.59%		% Tot Ret	42.88%												8.78%	<-IRR #YR->	35	Stock Price	1800.06%
Price  40		D.  per yr	5.70%		% Tot Ret	40.97%												8.21%	<-IRR #YR->	39	Stock Price
Price & Dividend 15																		7.89%	<-IRR #YR->	15	Price & Dividend	133.34%
Price & Dividend 20																		7.82%	<-IRR #YR->	20	Price & Dividend	226.73%
Price & Dividend 25																		12.47%	<-IRR #YR->	25	Price & Dividend	776.37%
Price & Dividend 30																		15.17%	<-IRR #YR->	30	Price & Dividend	1959.75%
Price & Dividend 35																		15.37%	<-IRR #YR->	35	Price & Dividend	3322.95%
Price & Dividend 40																		13.90%	<-IRR #YR->	39	Price & Dividend
Price  5								-$73.35	$0.00	$0.00	$0.00	$0.00	$77.19								Price  5
Price 10			-$66.31	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$77.19								Price 10
Price & Dividend 5								-$73.35	$3.60	$3.60	$4.06	$4.18	$81.43								Price & Dividend 5
Price & Dividend 10			-$66.31	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$81.43								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	$77.19								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	$77.19								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	$77.19								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	$77.19								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	$77.19								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	$77.19								Price  40
Price & Dividend 15	$2.19	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$81.43								Price & Dividend 15
Price & Dividend 20	$2.19	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$81.43								Price & Dividend 20
Price & Dividend 25	$2.19	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$81.43								Price & Dividend 25
Price & Dividend 30	$2.19	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$81.43								Price & Dividend 30
Price & Dividend 35	$2.19	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$81.43								Price & Dividend 35
Price & Dividend 40	$2.19	$2.39	$2.56	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$81.43								Price & Dividend 40
Month, Year	Oct-12	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		39.00	<Count Years>		Month, Year
pre '98 Split
pre '04 Split
Price Close	$54.25	$63.39	$69.02	$61.49	$72.08	$83.28	$70.65	$75.54	$55.35	$81.14	$65.85	$56.15	$71.69	$74.18	$74.18	$74.18		3.87%	<-Total Growth	10	Stock Price
Increase	3.27%	16.85%	8.88%	-10.91%	17.22%	15.54%	-15.17%	6.92%	-26.73%	46.59%	-18.84%	-14.73%	27.68%	3.47%	0.00%	0.00%		0.38%	<-IRR #YR->	10	Stock Price	3.87%
P/E	10.39	12.31	12.19	10.84	12.49	12.83	10.36	11.31	10.44	10.54	8.21	9.71	12.21	11.08	9.36	9.62		-1.04%	<-IRR #YR->	5	Stock Price	-5.10%
Trailing P/E	11.74	12.14	13.40	10.86	12.71	14.43	10.89	11.08	8.29	15.31	8.55	7.00	12.40	12.64	11.08	9.36		5.28%	<-IRR #YR->	10	Price & Dividend	58.43%
Median 10, 5 Yrs		D.  per yr	4.90%	5.29%	% Tot Ret	92.80%	124.47%	T P/E	10.98	8.55	P/E:	10.69	10.44					4.25%	<-IRR #YR->	5	Price & Dividend	25.58%
			-$69.02	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$71.69
								-$75.54	$0.00	$0.00	$0.00	$0.00	$71.69
			-$69.02	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$75.93
								-$75.54	$3.60	$3.60	$4.06	$4.18	$75.93
Price H/L Median	$52.47	$58.28	$67.22	$65.96	$62.15	$67.97	$77.01	$71.55	$61.61	$68.77	$79.22	$64.79	$65.19	$76.15				-3.02%	<-Total Growth	10	Stock Price
Increase	-4.79%	11.06%	15.34%	-1.87%	-5.78%	9.37%	13.30%	-7.10%	-13.89%	11.62%	15.20%	-18.22%	0.62%	16.81%				-0.31%	<-IRR #YR->	10	Stock Price	-3.02%
P/E	10.05	11.32	11.88	11.63	10.77	10.47	11.29	10.71	11.62	8.93	9.88	11.21	11.10	11.37				-1.84%	<-IRR #YR->	5	Stock Price	-8.89%
Trailing P/E	11.36	11.16	13.05	11.65	10.96	11.78	11.87	10.49	9.22	12.98	10.29	8.08	11.28	12.97				4.88%	<-IRR #YR->	10	Price & Dividend	53.01%
P/E on Run. 5 yr Ave	13.05	13.12	13.68	12.53	11.31	11.82	12.66	11.38	9.92	10.42	11.47	9.68	9.98	11.18				3.84%	<-IRR #YR->	5	Price & Dividend	23.50%
P/E on Run. 10 yr Ave	14.58	15.02	16.15	14.94	13.40	13.91	14.64	12.78	10.74	11.37	12.52	10.14	10.17	11.69				11.18	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	5.18%	5.68%	% Tot Ret	106.28%	148.10%	T P/E	11.12	10.29	P/E:	10.94	11.10						Count	39	Years of data
			-$67.22	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$65.19
								-$71.55	$0.00	$0.00	$0.00	$0.00	$65.19
			-$67.22	$2.72	$2.88	$3.05	$3.28	$3.49	$3.60	$3.60	$4.06	$4.18	$69.43
								-$71.55	$3.60	$3.60	$4.06	$4.18	$69.43
High Months	Mar 12	Oct 13	Aug 14	Nov 14	Oct 16	Oct 17	Nov 17	Sep 19	Nov  19	Jun 21	Feb 22	Feb 23	Oct 24	Dec 24
pre '98 Split
pre '04 Split
Price High	$57.05	$63.54	$74.19	$70.85	$72.23	$83.28	$84.87	$76.25	$76.50	$81.95	$94.49	$74.16	$73.87	$79.85				-0.43%	<-Total Growth	10	Stock Price
Increase	-6.46%	11.38%	16.76%	-4.50%	1.95%	15.30%	1.91%	-10.16%	0.33%	7.12%	15.30%	-21.52%	-0.39%	8.10%				-0.04%	<-IRR #YR->	10	Stock Price	-0.43%
P/E	10.93	12.34	13.11	12.50	12.52	12.83	12.44	11.41	14.43	10.64	11.78	12.83	12.58	11.93				-0.63%	<-IRR #YR->	5	Stock Price	-3.12%
Trailing P/E	12.35	12.17	14.41	12.52	12.74	14.43	13.08	11.18	11.45	15.46	12.27	9.25	12.78	13.60				12.83	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	12.63	12.27	P/E:	12.51	12.58					14.41	P/E Ratio		Historical High
			-$74.19	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$73.87
								-$76.25	$0.00	$0.00	$0.00	$0.00	$73.87
Low Months	Dec 11	Nov 12	Feb 14	Jan 15	Feb 16	Feb 17	Oct 18	Dec 19	Mar 20	Nov 20	Oct 22	Oct 23	Nov 23	Nov 24
pre '98 Split
pre '04 Split
Price Low	$47.89	$53.01	$60.24	$61.06	$52.06	$52.66	$69.15	$66.84	$46.72	$55.59	$63.95	$55.41	$56.50	$72.44				-6.21%	<-Total Growth	10	Stock Price
Increase	-2.72%	10.69%	13.64%	1.36%	-14.74%	1.15%	31.31%	-3.34%	-30.10%	18.99%	15.04%	-13.35%	1.97%	28.21%				-0.64%	<-IRR #YR->	10	Stock Price	-6.21%
P/E	9.17	10.29	10.64	10.77	9.02	8.11	10.14	10.01	8.82	7.22	7.97	9.59	9.63	10.82				-3.31%	<-IRR #YR->	5	Stock Price	-15.47%
Trailing P/E	10.37	10.16	11.70	10.79	9.18	9.13	10.65	9.80	6.99	10.49	8.31	6.91	9.78	12.34				10.14	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	9.48	8.31	P/E:	9.30	8.82					7.18	P/E Ratio		Historical Low
			-$60.24	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$56.50
								-$66.84	$0.00	$0.00	$0.00	$0.00	$56.50
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	$6,000	$9,000	$5,000	$8,230	$9,890	$11,920	$11,640	$12,050	$15,180	$12,920	$13,310	$15,860	$13,270	$13,270				165.40%	<-Total Growth	10	Free Cash Flow
Change	-45.45%	50.00%	-44.44%	64.60%	20.17%	20.53%	-2.35%	3.52%	25.98%	-14.89%	3.02%	19.16%	-16.33%	0.00%				1.95%	<-IRR #YR->	5	Free Cash Flow MS	10.12%
FCF/CF from Op Ratio	0.74	0.92	1.01	0.59	2.41	0.72	0.65	-1.00	0.27	-1.01	0.79	0.50	0.85	0.85				10.25%	<-IRR #YR->	10	Free Cash Flow MS	165.40%
Dividends paid	$2,493	$3,075	$3,265	$3,406	$3,598	$3,668	$3,985	$4,260	$4,559	$4,604	$5,118	$5,422	$5,670	$5,276				73.66%	<-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%	39.76%				$0.35	<-Median->	9	Percentage paid
5 Year Coverage									33.08%	33.08%	34.60%	34.57%	35.97%	38.02%							5 Year Coverage
Dividend Coverage Ratio					2.75	3.25	2.92	2.83	3.33	2.81	2.60	2.93	2.34	2.51				2.83	<-Median->	9	Dividend Coverage Ratio
5 Year of Covereage									3.02	3.02	2.89	2.89	2.78	2.63							5 Year of Coverage
								-$12,050	$0	$0	$0	$0	$13,270
			-$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$13,270
Free Cash Flow WSJ				$7,281	$11,946	$8,159	$12,128	$1,479	$20,898	$17,693	$10,612	$11,028	$5,550	$5,550				-23.77%	<-Total Growth	9	Free Cash Flow
Change					64.07%	-31.70%	48.65%	-87.81%	1312.98%	-15.34%	-40.02%	3.92%	-49.67%	0.00%				30.28%	<-IRR #YR->	5	Free Cash Flow WSJ	275.25%
FCF/CF from Op Ratio				0.53	2.91	0.49	0.68	-0.12	0.37	-1.38	0.63	0.35	0.35	0.35				-2.97%	<-IRR #YR->	9	Free Cash Flow WSJ	#DIV/0!
Dividends paid				$3,406	$3,598	$3,668	$3,985	$4,260	$4,559	$4,604	$5,118	$5,422	$5,670	$5,276				66.47%	<-Total Growth	9	Dividends paid
Percentage paid				46.78%	30.12%	44.96%	32.86%	288.03%	21.82%	26.02%	48.23%	49.17%	102.16%	95.07%				$0.46	<-Median->	10	Percentage paid
5 Year Coverage								46.15%	36.75%	34.92%	35.86%	38.83%	38.57%	51.73%							5 Year Coverage
Dividend Coverage Ratio				2.14	3.32	2.22	3.04	0.35	4.58	3.84	2.07	2.03	0.98	1.05				2.18	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage								2.17	2.72	2.86	2.79	2.58	2.59	1.93							5 Year of Coverage
								-$1,479	$0	$0	$0	$0	$5,550
				-$7,281	$0	$0	$0	$0	$0	$0	$0	$0	$5,550
Market Cap $M	$64,252	$76,612	$83,969	$73,969	$87,065	$99,872	$86,690	$91,867	$67,055	$98,612	$78,452	$68,169	$89,214	$92,312	$92,312	$92,312		6.25%	<-Total Growth	10	Market Cap
Diluted # of Shares in Million	1,160	1,209	1,222	1,232	1,226	1,223	1,229	1,251	1,243	1,225	1,208	1,204	1,232	1,232				0.82%	<-Total Growth	10	Diluted
Change	8.01%	4.22%	1.08%	0.82%	-0.49%	-0.24%	0.49%	1.79%	-0.64%	-1.45%	-1.39%	-0.33%	2.33%	0.00%				-0.29%	<-Median->	10	Change
Difference Diluted/Basic	-2.3%	-1.2%	-0.7%	-1.8%	-1.8%	-1.6%	-1.3%	-2.3%	-2.5%	-0.9%	-0.7%	-0.6%	-0.5%	-0.5%							Difference Diluted/Basic
Average # of Shares in Million	1,133	1,195	1,214	1,210	1,204	1,203	1,213	1,222	1,212	1,214	1,199	1,197	1,226	1,226				0.99%	<-Total Growth	10	Average
Change	5.69%	5.47%	1.59%	-0.33%	-0.50%	-0.08%	0.83%	0.74%	-0.82%	0.17%	-1.24%	-0.17%	2.42%	0.00%				-0.12%	<-Median->	10	Change
Difference Basic/Outstanding	4.5%	1.1%	0.2%	-0.6%	0.3%	-0.3%	1.2%	-0.5%	0.0%	0.1%	-0.6%	1.4%	1.5%	1.5%				0.03%	<-Median->	10	Difference Basic/Outstanding
pre '98 Split
pre '04 Split
# of Share in Millions	1,184.4	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	1,244.4	1,244.4	1,244.4		0.23%	<-IRR #YR->	10	Shares	2.29%
Change	8.76%	2.05%	0.66%	-1.12%	0.41%	-0.72%	2.32%	-0.89%	-0.38%	0.32%	-1.97%	1.90%	2.50%	0.00%	0.00%	0.00%		0.46%	<-IRR #YR->	5	Shares	2.33%
Cash Flow from Operations $M	$8,069	$9,744	$4,944	$13,847	$4,099	$16,584	$17,811	-$12,025	$56,664	-$12,807	$16,943	$31,724	$15,652	$15,652	<-12 mths			216.59%	<-Total Growth	10	Cash Flow
Increase	659.08%	20.76%	-49.26%	180.08%	-70.40%	304.59%	7.40%	-167.51%	571.22%	-122.60%	232.29%	87.24%	-50.66%	0.00%	<-12 mths			DRIP, SO	S. Issues		Buy Backs
5 year Running Average	$3,038	$977	$4,175	$7,533	$8,141	$9,844	$11,457	$8,063	$16,627	$13,245	$13,317	$16,100	$21,635	$13,433	<-12 mths			418.21%	<-Total Growth	10	CF 5 Yr Running	10 yr
CFPS	$6.81	$8.06	$4.06	$11.51	$3.39	$13.83	$14.52	-$9.89	$46.77	-$10.54	$14.22	$26.13	$12.58	$12.58	<-12 mths			209.50%	<-Total Growth	10	Cash Flow per Share	Total Gr.
Increase	597.94%	18.34%	-49.59%	183.25%	-70.52%	307.51%	4.97%	-168.12%	573.03%	-122.53%	234.96%	83.74%	-51.87%	0.00%	<-12 mths			12.21%	<-IRR #YR->	10	Cash Flow	216.59%
CFPS 5 yrs running	$2.88	$0.45	$3.42	$6.29	$6.77	$8.17	$9.46	$6.67	$13.72	$10.94	$11.02	$13.34	$17.83	$10.99	<-12 mths			#NUM!	<-IRR #YR->	5	Cash Flow	230.16%
P/CF on Med Price	7.70	7.23	16.54	5.73	18.31	4.92	5.31	-7.24	1.32	-6.53	5.57	2.48	5.18	6.05	<-12 mths			11.96%	<-IRR #YR->	9	Cash Flow per Share	209.50%
P/CF on Closing Price	7.96	7.86	16.98	5.34	21.24	6.02	4.87	-7.64	1.18	-7.70	4.63	2.15	5.70	5.90	<-12 mths			#NUM!	<-IRR #YR->	5	Cash Flow per Share	227.20%
															16.81%	Diff M/C		17.96%	<-IRR #YR->	10	CFPS 5 yr Running	421.69%
Excl.Working Capital CF	-$10,484	-$12,831	-$8,028	-$17,680	-$8,454	-$21,043	-$22,601	$6,653	-$64,586	$9,860	-$20,620	-$38,758	-$22,926	$0	<-12 mths			21.73%	<-IRR #YR->	5	CFPS 5 yr Running	167.27%
CF fr Op $M WC	-$2,415	-$3,087	-$3,084	-$3,833	-$4,355	-$4,459	-$4,790	-$5,372	-$7,922	-$2,947	-$3,677	-$7,034	-$7,274	$15,652	<-12 mths			-135.86%	<-Total Growth	10	Cash Flow less WC
Increase	-143.17%	-27.83%	0.10%	-24.29%	-13.62%	-2.39%	-7.42%	-12.15%	-47.47%	62.80%	-24.77%	-91.30%	-3.41%	315.18%	<-12 mths			8.96%	<-IRR #YR->	10	Cash Flow less WC	-135.86%
5 year Running Average	$3,082	$1,852	$428	-$1,365	-$3,355	-$3,764	-$4,104	-$4,562	-$5,380	-$5,098	-$4,942	-$5,390	-$5,771	-$1,056	<-12 mths			6.25%	<-IRR #YR->	5	Cash Flow less WC	-35.41%
CFPS Excl. WC	-$2.04	-$2.55	-$2.53	-$3.19	-$3.61	-$3.72	-$3.90	-$4.42	-$6.54	-$2.42	-$3.09	-$5.79	-$5.85	$12.58	<-12 mths			#NUM!	<-IRR #YR->	10	CF less WC 5 Yr Run	-1449.58%
Increase	-139.69%	-25.26%	0.75%	-25.70%	-13.15%	-3.13%	-4.99%	-13.16%	-48.03%	62.92%	-27.28%	-87.73%	-0.89%	315.18%	<-12 mths			4.81%	<-IRR #YR->	5	CF less WC 5 Yr Run	-26.50%
5 year Running Average	$3.01	$1.88	$0.59	-$1.04	-$2.78	-$3.12	-$3.39	-$3.77	-$4.44	-$4.20	-$4.07	-$4.45	-$4.74	-$0.91	<-12 mths			4.95%	<-IRR #YR->	10	CFPS - Less WC	-130.58%
P/CF on Med Price	-25.73	-22.82	-26.52	-20.70	-17.24	-18.28	-19.73	-16.20	-9.42	-28.36	-25.67	-11.18	-11.15	6.05	<-12 mths			5.76%	<-IRR #YR->	5	CFPS - Less WC	-32.33%
P/CF on Closing Price	-26.61	-24.82	-27.23	-19.30	-19.99	-22.40	-18.10	-17.10	-8.46	-33.46	-21.34	-9.69	-12.26	5.90	<-12 mths			#NUM!	<-IRR #YR->	10	5 yr Running	-909.17%
*Operational Cash Flow per share			CF/CF-WC	P/CF Med	10 yr	5.05	5 yr	2.48	P/CF Med	10 yr	-17.76	5 yr	-11.18		-133.21%	Diff M/C		4.70%	<-IRR #YR->	5	5 yr Running	-25.80%
			-$1,217	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,244								Shares
								-$1,216	$0	$0	$0	$0	$1,244								Shares
			-$4,944	$0	$0	$0	$0	$0	$0	$0	$0	$0	$15,652								Cash Flow
								$12,025	$0	$0	$0	$0	$15,652								Cash Flow
			-$4.06	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$12.58								Cash Flow per Share
								$9.89	$0.00	$0.00	$0.00	$0.00	$12.58								Cash Flow per Share
			-$3.42	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.83								CFPS 5 yr Running
								-$6.67	$0.00	$0.00	$0.00	$0.00	$17.83								CFPS 5 yr Running
			$3,084	$0	$0	$0	$0	$0	$0	$0	$0	$0	-$7,274								Cash Flow less WC
								$5,372	$0	$0	$0	$0	-$7,274								Cash Flow less WC
			-$428	$0	$0	$0	$0	$0	$0	$0	$0	$0	-$5,771								CF less WC 5 Yr Run
								$4,562	$0	$0	$0	$0	-$5,771								CF less WC 5 Yr Run
			$3.61	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$5.85								CFPS - Less WC
								$4.42	$0.00	$0.00	$0.00	$0.00	-$5.85								CFPS - Less WC
			-$0.59	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$4.74								CFPS 5 yr Running
								$3.77	$0.00	$0.00	$0.00	$0.00	-$4.74								CFPS 5 yr Running
Changes in operating assets and liabilities:
Trading assets	-$11,976	-$6,793	-$13,848	$20,302	-$10,044	$8,377	$111	-$27,514	$9,945	-$33,995	$37,501	-$2,689	-$11,370
Securities purchased under resale agreements and securities borrowed	-$13,322	-$9,866	-$7,526	$13,991	-$5,363	-$4,631	-$7,721	-$27,235	$12,781	-$14,202	-$41,438	-$18,966	$108
Loans	-$33,351	-$16,040	-$16,785	-$22,942	-$20,355	-$32,589	-$31,848	-$44,337	-$25,486	-$55,748	-$97,161	$4,414	-$17,712
Deposits	$36,878	$6,778	$20,224	$13,915	$6,702	$27,516	$40,338	$60,705	$27,982	$78,569	$95,905	$19,478	-$816
Obligations related to securities sold short	$3,560	$5,458	$1,506	-$8,101	$4,007	$7,533	$239	-$1,694	$1,195	$10,078	-$1,292	-$4,616	-$1,690
Obligations related to assets sold under repurchase agreements and securities lent	$18,936	$17,455	$7,306	-$18,982	$20,865	$849	$4,387	$22,727	$11,722	-$7,709	$10,838	$15,937	$28,753
Net derivative financial instruments	$2,206	$296	-$1,147	$2,442	-$3,806	-$391	$440	$1,964	-$1,949	$2,123	$115	$2,080	$4,159
Other, net	-$2,070	$4,605	$7,214	$4,707	$1,856	-$1,997	-$188	-$8,881	$7,527	-$5,300	-$1,404	-$219	$457
Dividends received	$1,026	$1,139	$1,063	$1,147	$873	$1,600	$332	$520	$824	$969	$1,156	$1,299
Interest received	$16,224	$18,005	$18,438	$19,145	$21,099	$23,649	$27,384	$32,696	$29,572	$25,425	$31,931	$55,617	$61,292
Interest paid	-$7,293	-$7,607	-$7,509	-$7,262	-$7,787	-$8,730	-$11,400	-$15,322	-$13,042	-$8,766	-$13,336	-$34,731	-$42,273
Income tax paid	-$1,401	-$1,520	-$1,401	-$1,985	-$1,471	-$2,012	-$1,938	-$2,958	-$1,962	-$2,693	-$3,503	-$2,139	-$1,985
Net cash from/(used in) operating activities
Provisions for credit losses	$1,252	$1,296	$1,703	$1,942	$2,412	$2,249	$2,611	$3,027	$6,084	$1,808	$1,382	$3,422	$4,051
Net gain on sale of investment securities	-$185	-$375	-$741	-$639	-$534	-$380	-$146	-$351	-$607	-$419	-$74	-$129	-$48
Realized gain on sale of an investment in an associate			-$469
Sum	$10,484	$12,831	$8,028	$17,680	$8,454	$21,043	$22,601	-$6,653	$64,586	-$9,860	$20,620	$38,758	$22,926
Google --> TD Bank	$9,133	$12,136	$8,028	$17,680	$8,454	$21,043	$22,601	-$6,653	$64,586	-$9,860	$20,620	$38,758	$22,926
Difference	$1,351	$695	$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	30.57%	29.07%	29.30%	28.68%	26.52%	29.00%	29.06%	26.45%	21.00%	30.05%	30.74%	21.64%	21.64%	23.33%				-24.55%	<-Total Growth	10	OPM
Increase	0.13%	-4.90%	0.78%	-2.12%	-7.54%	9.38%	0.18%	-8.98%	-20.58%	43.06%	2.29%	-29.60%	0.00%	7.83%				should be zero, it is a check on calculations
Diff from Ave	15.5%	9.8%	10.7%	8.3%	0.1%	9.5%	9.7%	-0.1%	-20.7%	13.5%	16.1%	-18.3%	-18.3%	-11.9%				0.04	<-Median->	10	OPM
*Operational Profit Margin (Net income/Revenue) Ratio									OPM	10 Yrs	26.48%	5 Yrs	25.01%					Should increase or be stable.
EBIT									$14,480	$14,634	$14,990	$13,677	$13,975	$15,794	$17,001	$16,841
Change										1.06%	2.43%	-8.76%	2.18%	13.02%	7.64%	-0.94%
Margin									46.21%	46.83%	47.71%	42.33%	41.51%	44.11%	44.79%	#DIV/0!
Covering Assets	$522,522	$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	$1,469,344	$1,469,344				127.30%	<-Total Growth	10	Covering Assets	Type
Change	13.46%	7.98%	7.27%	6.81%	0.26%	3.77%	9.23%	27.62%	14.66%	3.78%	13.44%	5.00%	10.57%	0.00%				8.02%	<-Median->	10	Change	Lg Term R A
Debt/Assets Coverage Ratio	0.89	0.92	0.92	0.93	0.94	0.93	0.92	0.78	0.70	0.67	0.72	0.72	0.64	0.64				0.75	<-Median->	10	Debt/Assets Coverage Ratio	Lg Term R
Debt/Total Assets Ratio	0.69	0.70	0.69	0.70	0.68	0.68	0.68	0.68	0.66	0.63	0.68	0.68	0.67	0.67				0.68	<-Median->	10	Debt/Total Assets Ratio	Intang/GW
Long Term Debt	$463,609	$518,061	$554,017	$600,919	$611,877	$625,367	$676,534	$733,390	$750,838	$750,838	$916,181	$952,333	$943,849	$943,849				57.07%	<-Total Growth	10	Debt	Liquidity
Change	10.03%	11.75%	6.94%	8.47%	1.82%	2.20%	8.18%	8.40%	2.38%	0.00%	22.02%	3.95%	-0.89%	0.00%				3.16%	<-Median->	10	Change	Liq. + CF
Debt/Market Cap Ratio	7.22	6.76	6.60	8.12	7.03	6.26	7.80	7.98	11.20	7.61	11.68	13.97	10.58	10.22				8.05	<-Median->	10	Debt/Market Cap Ratio	Debt Ratio
Assets/Current Liabilities Ratio	21.04	23.32	23.16	25.87	27.43	25.65	21.19	25.87	22.44	23.74	25.14	23.55	23.14	23.14				24.44	<-Median->	10	Assets/Current Liab Ratio	Leverage Bk
Current Liabilities/Asset Ratio	0.05	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	<-Median->	10	Current Liab/Asset Ratio	Leverage
Debt to Cash Flow (Years)	57.46	53.17	112.06	43.40	149.27	37.71	37.98	0.00	13.25	0.00	54.07	30.02	60.30	60.30				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	$8,961				16.20%	<-Total Growth	6	Intangibles
Goodwill & Intangibles	$8,692	$10,704	$10,884	$11,449	$12,141	$12,106	$10,007	$9,631	$9,279	$8,848	$8,874	$9,181	$7,892	$7,892				-31.07%	<-Total Growth	10	Goodwill & Intangibles
Total	$8,692	$10,704	$10,884	$11,449	$12,141	$12,106	$17,719	$17,465	$17,015	$16,604	$16,833	$17,193	$16,853	$16,853				47.20%	<-Total Growth	10	Total
Change	13.78%	23.15%	1.68%	5.19%	6.04%	-0.29%	46.37%	-1.43%	-2.58%	-2.42%	1.38%	2.14%	-1.98%	0.00%				0.55%	<-Median->	10	Change
Intangible/Market Cap Ratio	0.14	0.14	0.13	0.15	0.14	0.12	0.20	0.19	0.25	0.17	0.21	0.25	0.19	0.18				0.19	<-Median->	10	Intangible/Market Cap Ratio
Current Assets	$54,804	$53,338	$56,730	$73,927	$46,344	$59,663	$62,269	$46,720	$76,460	$86,323	$65,895	$90,312	$63,860	$63,860				Liquidity ratio of 1.5 and up, best
Current Liabilities	$31,753	$31,896	$34,785	$33,104	$32,673	$35,687	$47,132	$41,989	$50,634	$49,918	$53,680	$59,906	$61,032	$61,032				1.46	<-Median->	10	Ratio
Liquidity Ratio	1.73	1.67	1.63	2.23	1.42	1.67	1.32	1.11	1.51	1.73	1.23	1.51	1.05	1.05				1.51	<-Median->	5	Ratio
Liq. with CF aft div	1.90	1.89	1.68	2.55	1.44	2.03	1.61	1.01	2.54	1.59	1.45	1.95	1.22	1.22				1.59	<-Median->	5	Ratio
Liq. CF re  Inv+Div	1.40	1.71	1.54	1.81	1.33	1.51	1.25	1.01	1.20	1.59	1.20	1.30	1.08	1.22				1.20	<-Median->	5	Ratio
																		Banks are usually 1.04 or 1.05
Assets	$668,044	$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	$1,412,027				Debt Ratio of 1.5 and up, best
Liabilities	$626,665	$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	$1,327,951				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	1.07	1.06	1.06	1.06	1.06				1.06	<-Median->	5	Ratio
Estimates BVPS														$61.63	$64.95	$66.37			Estimates		Estimates BVPS
Estimate Book Value														$76,694.6	$80,826.1	$82,593.2			Estimates		Estimate Book Value
P/B Ratio (Close)														1.20	1.14	1.12			Estimates		P/B Ratio (Close)
Difference from 10 year median															-13.83%	Diff M/C			Estimates		Difference from 10 yr med.
Total Book Value	$41,379	$46,551	$49,211	$53,479	$57,821	$61,625	$67,680	$70,192	$70,503	$72,892	$74,749	$78,667	$84,076	$84,076				70.85%	<-Total Growth	10	Book Value
Non-Cont. Int.	$1,743	$1,898	$1,312	$1,460	$1,570	$1,592	$2,452	$2,670	$2,376	$2,090	$1,524	$1,739	$1,707	$1,707				30.11%	<-Total Growth	10	NCI
Pref Shares	$4,384	$4,084	$2,934	$2,934	$3,594	$3,019	$2,624	$2,324	$5,308	$6,052	$8,075	$8,075	$8,779	$8,779				199.22%	<-Total Growth	10	Pref Shares
Book Value	$35,252	$40,569	$44,965	$49,085	$52,657	$57,014	$62,604	$65,198	$62,819	$64,750	$65,150	$68,853	$73,590	$73,590	$73,590	$73,590		63.66%	<-Total Growth	10	Book Value
Book Value per Share	$29.76	$33.57	$36.96	$40.80	$43.59	$47.54	$51.02	$53.61	$51.85	$53.28	$54.68	$56.71	$59.14	$59.14	$59.14	$59.14		60.00%	<-Total Growth	10	Book Value per Share
Change	14.23%	12.78%	10.11%	10.40%	6.84%	9.06%	7.32%	5.08%	-3.28%	2.75%	2.64%	3.71%	4.27%	0.00%	0.00%	0.00%		-10.20%	P/B Ratio		Current/10 Year Median
P/B Ratio (Median)	1.76	1.74	1.82	1.62	1.43	1.43	1.51	1.33	1.19	1.29	1.45	1.14	1.10	1.29	0.00	0.00		1.70	P/B Ratio		Historical Median
P/B Ratio (Close)	1.82	1.89	1.87	1.51	1.65	1.75	1.38	1.41	1.07	1.52	1.20	0.99	1.21	1.25	1.25	1.25		4.81%	<-IRR #YR->	10	Book Value
Change	-9.59%	3.61%	-1.11%	-19.30%	9.72%	5.94%	-20.95%	1.76%	-24.24%	42.68%	-20.93%	-17.78%	22.45%	3.47%	0.00%	0.00%		1.98%	<-IRR #YR->	5	Book Value	60.00%
Leverage Bank											4.2%	4.2%	4.4%	4.4%				0.04	<-Median->	3	Leverage Bank	10.30%
Leverage (A/BK)	16.14	15.98	16.37	16.02	15.50	14.85	14.75	15.47	16.12	16.25	18.05	17.93	16.79	16.79				16.07	<-Median->	10	Leverage (A/BK)
Debt/Equity Ratio	15.14	14.98	15.37	15.02	14.50	13.85	13.75	14.47	15.12	15.25	17.05	16.93	15.79	15.79				15.07	<-Median->	10	Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities)									P/BV	10 yr Med	1.40	5 yr Med	1.20		-10.20%	Diff M/C		18.92	Historical		Leverage (A/BK)
			-$36.96	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$59.14
								-$53.61	$0.00	$0.00	$0.00	$0.00	$59.14
Comprehensive Income	$6,907	$7,266	$7,881	$8,649	$7,139	$7,534	$7,920	$8,173	$4,017	$6,615	$8,585	$8,028	$8,604					9.17%	<-Total Growth	10	Comprehensive Income
NCI	$173	$234	$249	$124	$237	$192	$65	$205	-$93	$125	$233	$327	$62					-75.10%	<-Total Growth	10	NCI
Capital Inst Equity Holders	$25	$31	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0								Capital Inst Equity Holders
Preferred	$220	$217	$155	$117	$130	$129	$187	$182	$196	$233	$260	$419	$472								Preferred
Shareholders	$6,489	$6,784	$7,477	$8,408	$6,772	$7,213	$7,668	$7,786	$3,914	$6,257	$8,092	$7,282	$8,070					7.93%	<-Total Growth	10	Shareholders
Increase	51.19%	4.55%	10.22%	12.45%	-19.46%	6.51%	6.31%	1.54%	-49.73%	59.86%	29.33%	-10.01%	10.82%					10.8%	<-Median->	5	Comprehensive Income
5 Yr Running Average	$4,106	$4,783	$5,766	$6,690	$7,186	$7,331	$7,508	$7,569	$6,671	$6,568	$6,743	$6,666	$6,723					0.77%	<-IRR #YR->	10	Comprehensive Income
ROE	15.7%	14.6%	15.2%	15.7%	11.7%	11.7%	11.3%	11.1%	5.6%	8.6%	10.8%	9.3%	9.6%					0.72%	<-IRR #YR->	5	Comprehensive Income	7.93%
5Yr Median	13.4%	13.4%	14.6%	15.2%	15.2%	14.6%	11.7%	11.7%	11.3%	11.1%	10.8%	9.3%	9.3%					1.55%	<-IRR #YR->	10	5 Yr Running Average	3.65%
% Difference from NI	-1.4%	-0.7%	-0.2%	1.7%	-1.6%	-2.1%	-2.0%	-1.5%	-4.9%	-5.9%	-4.0%	-0.9%	-0.3%					-2.34%	<-IRR #YR->	5	5 Yr Running Average	16.60%
Median Values										Diff	5, 10 yr	-1.8%	-4.0%					9.3%	<-Median->	5	Return on Equity	-11.18%
			-$7,477	$0	$0	$0	$0	$0	$0	$0	$0	$0	$8,070
								-$7,786	$0	$0	$0	$0	$8,070
			-$5,766	$0	$0	$0	$0	$0	$0	$0	$0	$0	$6,723
								-$7,569	$0	$0	$0	$0	$6,723
Current Liability Coverage Ratio	-0.08	-0.10	-0.09	-0.12	-0.13	-0.12	-0.10	-0.13	-0.16	-0.06	-0.07	-0.12	-0.12	0.26							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	-0.07				-0.12	<-Median->	5	Current Liability Cov Ratio
Asset Efficiency Ratio	-0.36%	-0.42%	-0.38%	-0.45%	-0.49%	-0.49%	-0.48%	-0.49%	-0.70%	-0.25%	-0.27%	-0.50%	-0.52%	1.11%							CFO / Total Assets
5 year Median	0.81%	0.81%	-0.36%	-0.38%	-0.42%	-0.45%	-0.48%	-0.49%	-0.49%	-0.49%	-0.48%	-0.49%	-0.50%	-0.27%				-0.5%	<-Median->	5	Return on Assets
Return on Assets ROA	0.90%	0.83%	0.86%	0.81%	0.78%	0.86%	0.84%	0.76%	0.58%	0.79%	0.72%	0.50%	0.52%	0.59%				Net	Income/Assets		Return on Assets
5Yr Median	0.77%	0.83%	0.86%	0.86%	0.83%	0.83%	0.84%	0.81%	0.78%	0.79%	0.76%	0.72%	0.58%	0.59%				0.6%	<-Median->	5	Asset Efficiency Ratio
Return on Equity ROE	17.09%	15.29%	15.38%	14.05%	13.27%	13.81%	13.36%	12.59%	10.48%	14.50%	14.82%	10.15%	9.90%	11.35%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	17.07%	17.07%	17.07%	15.38%	15.29%	14.05%	13.81%	13.36%	13.27%	13.36%	13.36%	12.59%	10.48%	11.35%				10.5%	<-Median->	5	Return on Equity
														$7,293	<-12 mths	0.10%
Net Income	$6,466	$6,697	$7,298	$7,213	$7,368	$8,243	$8,724	$8,798	$6,853	$9,955	$10,174	$7,528	$7,892								Net Income
NCI	$198	$244	$227	$199	$251	$238	$176	$408	$75	$331	$258	$118	$134								NCI
Capital Inst Equity Holders	$25	$31	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Preferred	$220	$217	$155	$117	$130	$129	$187	$182	$196	$233	$260	$419	$472
Shareholders	$6,023	$6,205	$6,916	$6,897	$6,987	$7,876	$8,361	$8,208	$6,582	$9,391	$9,656	$6,991	$7,286	$8,355	$9,639	$9,288		5.35%	<-Total Growth	10	Shareholders
Increase	21.46%	3.02%	11.46%	-0.27%	1.30%	12.72%	6.16%	-1.83%	-19.81%	42.68%	2.82%	-27.60%	4.22%	14.67%	15.37%	-3.64%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	$4,283	$4,917	$5,628	$6,200	$6,606	$6,976	$7,407	$7,666	$7,603	$8,084	$8,440	$8,166	$7,981	$8,336	$8,385	$8,312		0.52%	<-IRR #YR->	10	Net Income
Operating Cash Flow	$8,069	$9,744	$4,944	$13,847	$4,099	$16,584	$17,811	-$12,025	$56,664	-$12,807	$16,943	$31,724	$15,652					-2.35%	<-IRR #YR->	5	Net Income	5.35%
Investment Cash Flow	-$11,334	-$3,228	-$3,228	-$13,509	-$2,754	-$12,540	-$13,725	$15,218	-$56,459	$14,697	-$11,293	-$30,040	-$7,450					3.55%	<-IRR #YR->	10	5 Yr Running Aveage	-11.23%
Total Accruals	$9,288	-$311	$5,200	$6,559	$5,642	$3,832	$4,275	$5,015	$6,377	$7,501	$4,006	$5,307	-$916					0.81%	<-IRR #YR->	5	5 Yr Running Aveage	41.81%
Total Assets	$668,044	$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						Balance Sheet		Assets	4.11%
Accruals Ratio	1.39%	-0.04%	0.65%	0.77%	0.63%	0.42%	0.43%	0.46%	0.56%	0.63%	0.30%	0.38%	-0.06%					0.38%	<-Median->	5	Ratio
EPS/CF Ratio	-2.56	-2.02	-2.23	-1.78	-1.60	-1.75	-1.75	-1.51	-0.81	-3.18	-2.60	-1.00	-1.00					-1.67	<-Median->	10	EPS/CF Ratio
			-$6,916	$0	$0	$0	$0	$0	$0	$0	$0	$0	$7,286
								-$8,208	$0	$0	$0	$0	$7,286
			-$5,628	$0	$0	$0	$0	$0	$0	$0	$0	$0	$7,981
								-$7,666	$0	$0	$0	$0	$7,981
Change in Close	3.27%	16.85%	8.88%	-10.91%	17.22%	15.54%	-15.17%	6.92%	-26.73%	46.59%	-18.84%	-14.73%	27.68%	3.47%	0.00%	0.00%			Count	30	Years of data
up/down	down																		Count	10	33.33%
Meet Prediction?																		% right	Count	2	20.00%
Financial Cash Flow	$4,095	-$7,205	-$4,186	$263	-$1,196	-$2,932	-$2,870	-$1,288	$143	-$2,777	-$4,579	-$2,766	-$8,838						C F Statement		Financial Cash Flow
Total Accruals	$5,193	$6,894	$9,386	$6,296	$6,838	$6,764	$7,145	$6,303	$6,234	$10,278	$8,585	$8,073	$7,922								Accruals
Accruals Ratio	0.78%	0.93%	1.16%	0.74%	0.76%	0.74%	0.72%	0.58%	0.55%	0.87%	0.64%	0.57%	0.56%								Ratio
Cash Flow	830.00	-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								Cash Flow
Exch Rate Changes	-88.00	102.00	207.00	305.00	-18.00	-142.00	-44.00	2.00	-129.00	-543.00	301.00	190.00	-131.00								Exch Rate Changes
Net Cash Flow	742.00	-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								Net Cash Flow
Per share	$0.70	-$0.57	-$2.03	$0.50	$0.12	$0.93	$0.99	$1.57	$0.29	-$0.73	$0.90	-$0.89	-$0.51								Per share
5 Yr Running Aveage	$0.56	$0.43	-$0.17	-$0.17	-$0.26	-$0.21	$0.10	$0.82	$0.78	$0.61	$0.60	$0.23	-$0.19								5 Yr Running Aveage
Cash	$5,036	$5,449	$5,828	$6,724	$6,855	$7,825	$8,997	$10,904	$11,123	$9,693	$11,065	$10,173	$9,406	$9,406							Cash
Cash per Share	$4.25	$4.51	$4.79	$5.59	$5.68	$6.53	$7.33	$8.97	$9.18	$7.98	$9.29	$8.38	$7.56	$7.56				$8.38	<-Median->	5	Cash per Share
Percentage of Stock Price	7.84%	7.11%	6.94%	9.09%	7.87%	7.84%	10.38%	11.87%	16.59%	9.83%	14.10%	14.92%	10.54%	10.19%				14.10%	<-Median->	5	% of Stock Price
Notes:
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.
Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management,
global banking, and markets, and other. The bank's international operations span numerous countries and are more concentrated in Central and South America.
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
Date	2017	Jan 12	2018	Jan 13	2019	Jan 11	2020	Jan 10	2021	Jan 10	2022	Jan 7	2023	Jan 7	2024			Jan 11	2025			Change
Thomsom, Scott												0.039	0.00%	0.054	0.00%			0.054	0.00%		New in 2024
CEO - Shares - Amount													$2.177		$3.838				$3.971			0.00%
Options - percentage												0.028	0.00%	0.269	0.02%			0.494	0.04%
Options - amount													$1.557		$19.316				$36.665			83.44%
Porter, Brian J.	0.01%	0.117	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	$8.650		$8.300		$9.268		$7.501		$11.030		$9.020		$8.075								Ceased insider Apr 2023	#DIV/0!
Options - percentage	0.08%	0.988	0.08%	1.138	0.09%	1.285	0.11%	1.467	0.12%	1.152	0.10%	1.395	0.11%
Options - amount	$79.658		$69.788		$85.992		$71.132		$119.045		$75.831		$78.355									#DIV/0!
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%
CFO - Shares - Amount					$1.073		$0.792		$2.028		$1.499		$1.683		$2.164				$3.132			39.89%
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%
Options - amount					$5.321		$5.627		$13.016		$14.422		$15.932		$25.095				$30.090			15.88%
McGuckin, Sean	0.00%	0.044	0.00%
CFO - Shares - Amount	$3.619		$3.093
Options - percentage	0.03%	0.395	0.03%
Options - amount	$31.730		$27.931
Arellano, Ian		0.000	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%
Officer - Shares - Amount			$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.056				$0.136			136.38%
Options - percentage		0.056	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%
Options - amount			$3.927		$7.553		$3.353		$13.119		$12.608		$12.956		$19.402				$22.391			11.53%
Thomas, Phil														0.002	0.00%			0.002	0.00%		Because he has shares
Officer - Shares - Amount															$0.148				$0.174			13.66%
Options - percentage														0.208	0.02%			0.244	0.02%
Options - amount															$14.917				$18.078			17.12%
Gowland, Glen Bruce												0.002	0.00%	0.003	0.00%						Ceased insider Dec 24
Officer - Shares - Amount													$0.115		$0.180							-100.00%
Options - percentage												0.451	0.04%	0.555	0.04%
Options - amount													$25.344		$39.806							-100.00%
Babatz, Guillermo		0.001	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%
Director - Shares - Amount			$0.072		$0.136		$0.100		$0.203		$0.165		$0.140		$0.179				$0.185			0.00%
Options - percentage		0.007	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%
Options - amount			$0.522		$0.728		$0.671		$1.250		$1.247		$1.312		$2.084				$2.602			20.64%
Aufreiter, Nora Anne		0.001	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%
Director - Shares - Amount			$0.071		$0.189		$0.138		$0.260		$0.211		$0.180		$0.459				$0.512			7.81%
Options - percentage		0.006	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%
Options - amount			$0.447		$0.645		$0.683		$1.432		$1.446		$1.538		$2.467				$3.100			21.42%
Brenneman, Ron A.	0.01%																				Ceased insider Apr 2017
Director - Shares - Amount	$7.508
Options - percentage	0.01%
Options - amount	$5.061
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%
Chairman - Shares - Amt							$2.943		$5.073		$4.117		$5.189		$6.626				$6.856			0.00%
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%
Options - amount							$1.516		$2.998		$2.944		$3.013		$4.677				$5.741			18.63%
O'Neill, Thomas Charles	0.00%	0.011	0.00%	0.011	0.00%																Ceased insider April 2019
Chairman - Shares - Amt	$0.941		$0.798		$0.854
Options - percentage	0.00%	0.048	0.00%	0.056	0.00%
Options - amount	$3.383		$3.390		$4.236
Mayberry, John T.
Chairman - Shares - Amt
Options - percentage
Options - amount
Increase in O/S Shares	0.35%	5.338	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%
due to SO 2013	$304.763		$444.558		$158.148		$310.581		$52.131		$244.724		$128.498		$23.316				$35.697
Book Value	$236.000		$313.000		$135.000		$253.000		$59.000		$200.000		$136.000		$28.000				$37.000
Insider Buying	-$0.740		-$1.119		-$4.592		-$1.148		-$0.745		-$1.039		-$4.681		-$1.317				-$1.773
Insider Selling	$59.940		$12.462		$1.524		$9.378		$2.864		$48.617		$5.937		$0.000				$4.744
Net Insider Selling	$59.200		$11.344		-$3.068		$8.230		$2.119		$47.577		$1.256		-$1.317				$2.971
% of Market Cap	0.06%		0.01%		0.00%		0.01%		0.00%		0.06%		0.00%		0.00%				0.00%
Directors		15		17		13		14		13		14		14				15
Women	29%	5	33%	6	35%	5	38%	6	43%	5	38%	5	36%	5	36%			5	33%
Minorities	12%	2	13%	3	18%	1	8%	1	7%	0	0%	1	7%	1	7%			1	7%
Institutions/Holdings	49.59%	369	47.29%	405	46.65%	20	44.24%	20	43.67%	20	43.56%	20	46.12%	20	40.40%			20	40.17%
Total Shares Held	49.97%	567.172	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%
Increase/Decrease	0.75%	24.877	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%
Starting No. of Shares	NASDAQ	542.295	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
Institutions/Holdings	57.33%	684	53.29%	682	53.29%
Total Shares Held	57.77%	639.289	52.10%	659.126	54.20%
Increase/Decrease	-0.12%	-0.793	-0.12%	2.165	0.33%
Starting No. of Shares	Reuters	640.081	Reuters	656.961	Reuters
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