Bourse Report

Bourse Report| 18.12.2023 | FirstCaribbean Improves, Scotia Dips

This week on the Bourse Report, Sarodh Ramkhelawan reviews the performance of two locally-listed, Canadian banking giants, FirstCaribbean International Bank Limited (FCI) and Scotiabank Trinidad and Tobago Limited (SBTT) for their respective full year financial results for the period ending October 31st, 2023 (FY2023). FCI benefitted from solid revenue growth buoyed by higher interest rates and increased consumer demand. Meanwhile, SBTT’s modest revenue growth was offset by higher Non-Interest Expenses. What can investors expect from both entities in the months ahead?

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