The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management segments. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small businesses and commercial customers, including automotive financing solutions to dealers and their customers. It also provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides Internet, mobile, and telephone banking services. The company operates a network of 952 branches and approximately 3,540 automated banking machines in Canada; and approximately 1,400 branches, 5,200 ATMs, and 22 contact centers internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.
IPO Year:
Exchange: NYSE
Website: scotiabank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | Underweight → Equal Weight | Barclays | |
| 11/19/2024 | Hold → Buy | Canaccord Genuity | |
| 11/19/2024 | Neutral → Buy | BofA Securities | |
| 11/18/2024 | Neutral → Buy | UBS | |
| 11/4/2024 | Hold → Buy | TD Securities | |
| 7/2/2024 | Neutral | UBS | |
| 3/20/2024 | Underweight | Barclays | |
| 2/22/2024 | Hold | Jefferies | |
| 5/9/2023 | Equal Weight → Underweight | Barclays | |
| 3/1/2023 | Buy → Hold | Canaccord Genuity |
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TORONTO, Nov. 1, 2024 /CNW/ - Scotiabank will announce its fourth quarter results on Tuesday, December 3, 2024. Scotiabank Results News Release Financial results will be issued in a press release at approximately 6:00 a.m. ET on Tuesday, December 3, 2024. The results will be available on Scotiabank's Investor Relations page at www.scotiabank.com/investorrelations. Scotiabank Results Conference Call The conference call will take place on Tuesday, December 3, 2024, at 8:00 a.m. ET and is expected to last approximately one hour. Interested parties are invited to access the call l
TORONTO, Aug. 27, 2024 /CNW/ - Scotiabank today announced a dividend on the outstanding shares of the Bank, payable October 29, 2024, to shareholders of record at the close of business on October 2, 2024: Common Shares Dividend No. 621 of $1.06 per share;Holders may elect to receive their dividends in common shares of the Bank in lieu of cash dividends, in accordance with the Bank's Shareholder Dividend and Share Purchase Plan (the "Plan"). Under the Plan, the Bank determines whether the additional common shares will be purchased on the open market or issued by the Bank from t
All amounts are in Canadian dollars and are based on our unaudited Interim Condensed Consolidated Financial Statements for the quarter ended July 31, 2024 and related notes prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), unless otherwise noted. Our complete Third Quarter 2024 Report to Shareholders, including our unaudited interim financial statements for the period ended July 31, 2024, can also be found on the SEDAR+ website at www.sedarplus.ca and on the EDGAR section of the SEC's website at www.sec.gov. Supplementary Financial Information is also available, together with the Third Quarter 2024
TORONTO, Aug. 22, 2024 /CNW/ - Scotia Global Asset Management (the "Manager") today announced that it has received securityholder approval at the special meetings of the securityholders on August 22, 2024, to merge certain ScotiaFunds. The mergers are expected to take effect on or about November 22, 2024. Each of the following mutual funds (each, a "Terminating Fund") will be merged into its corresponding mutual fund (each, a "Continuing Fund"): Terminating Funds Continuing Funds Scotia Canadian Bond Fund to merge into Scotia Canadian Income Fund Scotia Conservative Fixed In
TORONTO, Aug. 1, 2024 /CNW/ - Scotiabank will announce its third quarter results on Tuesday, August 27, 2024. Scotiabank Results News Release Financial results will be issued in a press release at approximately 6:00 a.m. ET on Tuesday, August 27, 2024. The results will be available on Scotiabank's Investor Relations page at www.scotiabank.com/investorrelations. Scotiabank Results Conference Call The conference call will take place on Tuesday, August 27, 2024, at 8:15 a.m. ET and is expected to last approximately one hour. Interested parties are invited to access the call live:
TORONTO, Aug. 12, 2024 /PRNewswire/ - Scotiabank announced today that it has entered into an agreement to acquire an approximate 14.9% pro-forma ownership stake in KeyCorp through an issuance of common shares at a price of $17.17 per share, representing an 11% premium to the volume weighted average price for the last 20 trading days. The total cash consideration is approximately US$2.8 billion (the "Investment"). KeyCorp is a premier U.S. based financial services company operating across 15 states, with US$187 billion in assets and approximately 1,000 branches offering commercial and retail banking and investment advice and services. The Investment will be completed in two stages—an initia
Opportunistic capital raise on attractive terms Accelerates capital and earnings improvement; capital raise estimated to result in pro forma CET1 of 12.4% Further strengthens Key's capacity for growth CLEVELAND, Aug. 12, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) today announced it has reached an agreement under which The Bank of Nova Scotia ("Scotiabank") (TSX:BNS) (NYSE:BNS) will make a strategic minority investment in KeyCorp of approximately $2.8 billion, representing approximately 14.9% pro forma common stock ownership, for a fixed price of $17.17 per share. "Scotiabank approached us with a unique opportunity to raise capital on attractive terms. While we continue to be comfortable with
TORONTO, Aug. 1, 2024 /CNW/ - Scotiabank will announce its third quarter results on Tuesday, August 27, 2024. Scotiabank Results News Release Financial results will be issued in a press release at approximately 6:00 a.m. ET on Tuesday, August 27, 2024. The results will be available on Scotiabank's Investor Relations page at www.scotiabank.com/investorrelations. Scotiabank Results Conference Call The conference call will take place on Tuesday, August 27, 2024, at 8:15 a.m. ET and is expected to last approximately one hour. Interested parties are invited to access the call live:
TORONTO, May 28, 2024 /CNW/ - Scotiabank today announced a dividend on the outstanding shares of the Bank, payable July 29, 2024, to shareholders of record at the close of business on July 3, 2024: Common Shares Dividend No. 620 of $1.06 per share;Holders may elect to receive their dividends in common shares of the Bank in lieu of cash dividends, in accordance with the Bank's Shareholder Dividend and Share Purchase Plan (the "Plan"). Under the Plan, the Bank determines whether the additional common shares will be purchased on the open market or issued by the Bank from treasury
All amounts are in Canadian dollars and are based on our unaudited Interim Condensed Consolidated Financial Statements for the quarter ended April 30, 2024 and related notes prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), unless otherwise noted. Our complete Second Quarter 2024 Report to Shareholders, including our unaudited interim financial statements for the period ended April 30, 2024, can also be found on the SEDAR+ website at www.sedarplus.ca and on the EDGAR section of the SEC's website at www.sec.gov. Supplementary Financial Information is also available, together with the Second Quarter
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TORONTO, Nov. 19, 2024 /CNW/ - Scotia Global Asset Management announced today the November 2024 cash distributions for the Scotia ETFs listed on the Cboe Canada exchange, which pay on a monthly basis. Unitholders of record on November 26, 2024 will receive a cash distribution payable on December 3, 2024, as noted below. Scotia ETF name Ticker symbol Cash distribution per unit ($) Distribution frequency Scotia Canadian Bond Index Tracker ETF SITB 0.043 Monthly Scotia Responsible Investing Canadian Bond Index ETF SRIB 0.040 Monthly For more information on the Scotia ETFs, pleas
TORONTO, Nov. 15, 2024 /CNW/ - Scotiabank announced today the appointment of Steven Van Wyk to its Board of Directors, effective immediately. Mr. Van Wyk brings expansive experience to the Board, having served as former Group Chief Information Officer (CIO) of HSBC. Throughout his distinguished career, he has held several senior-level technology roles, including CIO of PNC Financial Services Group, Inc., and Global CIO of ING Groep N.V. Additionally, he held leadership positions at Morgan Stanley, including as CIO/Chief Operating Officer of its Individual Investor Group. "We are pleased to welcome Steven to Scotiabank's Board of Directors. Steven's extensive experience and proven leadership
TORONTO, Nov. 8, 2024 /CNW/ - Scotia Wealth Management is proud to have received two awards from PWM/The Banker 2024 Global Private Banking Awards. These awards recognize Scotia Wealth Management for its excellence in wealth management, including its comprehensive advice, products and platforms which meet a wide range of clients' wealth needs. Through the Total Wealth approach, Scotia Wealth Management delivers innovative team-based planning to address clients' financial needs from investing to estate and trust services to insurance and philanthropy. Scotia Wealth Management r
TORONTO, Nov. 1, 2024 /CNW/ - Scotiabank will announce its fourth quarter results on Tuesday, December 3, 2024. Scotiabank Results News Release Financial results will be issued in a press release at approximately 6:00 a.m. ET on Tuesday, December 3, 2024. The results will be available on Scotiabank's Investor Relations page at www.scotiabank.com/investorrelations. Scotiabank Results Conference Call The conference call will take place on Tuesday, December 3, 2024, at 8:00 a.m. ET and is expected to last approximately one hour. Interested parties are invited to access the call l
Over half of Millennials and Gen Z (58%) plan to buy their first home within five years, with a strong demand for clear and accessible guidance to help achieve their homeownership goals. TORONTO, Oct. 29, 2024 /CNW/ - The dream of homeownership is alive amongst younger Canadians according to the latest Scotiabank Housing Poll. Despite more than half of Millennials1 (55%) and Gen Z2 (58%) feeling that buying a home is unattainable, a majority (58%) of Canadians aged 18 to 43 are still determined to purchase a home within the next five years. With the economic environment contin
TORONTO, Oct. 23, 2024 /CNW/ - Scotiabank announced today that it is decreasing its Canadian dollar prime lending rate to 5.95 from 6.45, effective October 24, 2024. About Scotiabank Scotiabank's vision is to be our clients' most trusted financial partner, to deliver sustainable, profitable growth and maximize total shareholder return. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private
OTTAWA, ON, Oct. 22, 2024 /CNW/ - Today, MD Financial Management Inc. (MD), Scotiabank and the Canadian Cardiovascular Society (CCS) announced a multi-year agreement to support the CCS strategy for advancing cardiovascular research, education and care. The agreement aims to enhance opportunities for cardiovascular professionals to access further education, enrich research opportunities and build relationships that support them in caring for patients. MD and Scotiabank will also support the CCS annual Canadian Cardiovascular Congress (this year from October 24-27, 2024), a for
TORONTO, Oct. 21, 2024 /CNW/ - Scotia Global Asset Management announced today the October 2024 cash distributions for the Scotia ETFs listed on the Cboe Canada exchange, which pay on a monthly basis. Unitholders of record on October 28, 2024 will receive a cash distribution payable on November 4, 2024, as noted below. Scotia ETF name Ticker symbol Cash distribution per unit ($) Distribution frequency Scotia Canadian Bond Index Tracker ETF SITB 0.051 Monthly Scotia Responsible Investing Canadian Bond Index ETF SRIB 0.053 Monthly For more information on the Scotia ETFs, please
TORONTO, Oct. 17, 2024 /CNW/ - Scotiabank has been named North America's Best Cash Management Bank for Corporate Accounts and North America's Best Cash Management Bank for Foreign Exchange in the 2024 Euromoney Cash Management Survey. Both awards are based on client feedback. The Euromoney Cash Management survey, an annual benchmarking report in the industry, gathers insights from thousands of clients who evaluate cash management services providers on their products, service offering, people, and technology. In 2024, over 31,000 corporate clients and financial institutions par
TORONTO, Oct. 16, 2024 /CNW/ - Cedar Leaf Capital, Canada's first majority Indigenous-owned investment dealer, announced plans to open its doors later this month to foster greater Indigenous participation in Canada's capital markets. The partnership between Scotiabank, Nch'ḵay̓ Development, Des Nedhe Group, and Chippewas of Rama First Nation, first announced in February 2024, has received all required regulatory approvals. The new investment dealer is uniquely positioned to foster greater Indigenous participation in Canadian capital markets through employment, and by creating
Visa Inc (NYSE:V) shares are trading lower today. Visa has partnered with Amazon.Com, Inc. (NASDAQ:AMZN) to offer Canadian consumers more flexible payment options at checkout. Eligible Royal Bank Of Canada (NYSE:RY) and The Bank of Nova Scotia (NYSE:BNS) credit cardholders can now select Installments enabled by Visa for qualifying purchases on Amazon.ca or the Amazon app. This new option allows consumers to convert purchases into smaller, fixed payments over a set period. “We are excited to offer our installments solution on Amazon through two of Canada’s leading issuers, granting more consumers access to diversified payment methods and greater financial control with one of the worl
Bank of Nova Scotia (NYSE:BNS) reported second-quarter fiscal 2024 revenue growth of 5.5% year-over-year to C$8.347 billion, beating the consensus of C$8.256 billion. For the quarter, net interest income was C$4.694 billion, and non-interest income was $3.653 billion. Adjusted EPS of C$1.58 declined from C$1.69 a year ago and above the consensus of C$1.56. BNS reported a Common Equity Tier 1 (CET1) capital ratio of 13.2%, up from 12.3% last year. Canadian Banking’s net income declined 4% year over year to C$1.01 billion, with revenue growth outpacing expenses, leading to positive operating leverage. Credit loss provisions rose, and deposits increased by 7% year over year. Inte
Scotiabank's use of Google Cloud will enhance the Bank's commitment to its clients' digital experiences TORONTO and SUNNYVALE, Calif., April 8, 2024 /PRNewswire/ - Scotiabank today announced an expanded partnership with Google Cloud, naming it the enterprise cloud platform of choice for the next phase of the Bank's cloud acceleration journey. The Bank will leverage Google Cloud technology to enhance client and employee experience, strengthen Bank security, and adopt new technologies, like generative AI, more quickly. This announcement builds on Scotiabank's strategic partnership with Google Cloud, extending its cloud-first commitment and accelerating its global data and analytics strategy.
Barclays analyst Brian Morton initiates coverage on Bank of Nova Scotia (NYSE:BNS) with a Underweight rating and announces Price Target of $70.
RBC Capital analyst Darko Mihelic maintains Bank of Nova Scotia (TSX:BNS) with a Sector Perform and raises the price target from C$62 to C$64.
Barclays upgraded Bank of Nova Scotia from Underweight to Equal Weight
Canaccord Genuity upgraded Bank of Nova Scotia from Hold to Buy
BofA Securities upgraded Bank of Nova Scotia from Neutral to Buy
UBS upgraded Bank of Nova Scotia from Neutral to Buy
TD Securities upgraded Bank of Nova Scotia from Hold to Buy
UBS initiated coverage of Bank of Nova Scotia with a rating of Neutral
Barclays initiated coverage of Bank of Nova Scotia with a rating of Underweight
Jefferies initiated coverage of Bank of Nova Scotia with a rating of Hold
Barclays downgraded Bank of Nova Scotia from Equal Weight to Underweight
Canaccord Genuity downgraded Bank of Nova Scotia from Buy to Hold
TORONTO, Nov. 15, 2024 /CNW/ - Scotiabank announced today the appointment of Steven Van Wyk to its Board of Directors, effective immediately. Mr. Van Wyk brings expansive experience to the Board, having served as former Group Chief Information Officer (CIO) of HSBC. Throughout his distinguished career, he has held several senior-level technology roles, including CIO of PNC Financial Services Group, Inc., and Global CIO of ING Groep N.V. Additionally, he held leadership positions at Morgan Stanley, including as CIO/Chief Operating Officer of its Individual Investor Group. "We are pleased to welcome Steven to Scotiabank's Board of Directors. Steven's extensive experience and proven leadership
Gillian Riley to Retire After 30+ year Career at Scotiabank TORONTO, Oct. 9, 2024 /CNW/ - Scotiabank today announced the planned retirement of Gillian Riley, President and CEO of Tangerine after a 31-year career with the Bank. Gillian will stay on as Strategic Advisor until December 31, 2024 and as Chair of the Board of Roynat Capital. Scotiabank also announced the appointment of Terri-Lee Weeks to the role of President and CEO, Tangerine, effective November 1, 2024. Gillian Riley joined Scotiabank in 1994 and has held senior executive positions in Commercial Banking, Small Bu
MONTREAL, Sept. 18, 2024 /CNW/ - Scotiabank today announced the appointment of Jean-François Courville to the newly-created role of President, Quebec, reporting directly to Aris Bogdaneris, Group Head, Canadian Banking. This critical role is designed to support the Bank's Grow Quebec strategy, including opportunities that span all of our Canadian Banking, Global Wealth Management, and Global Banking and Markets businesses. "With wide-ranging financial services experience at top tier wealth and asset management, retail banking and capital markets firms, deep knowledge of the bu
TORONTO, April 29, 2024 /PRNewswire/ - Scotiabank today announced that Travis Machen has been appointed CEO and Group Head of its Global Banking and Markets (GBM) business, effective May 6, 2024. In this role, Mr. Machen will be responsible for leading the execution of a global banking business strategy that builds on Scotiabank's unique North American reach and GBM's strategic presence in Latin America, Europe and Asia Pacific. He will focus on expanding product offerings and earning more primary clients to deliver sustainable and profitable growth for the Bank's GBM business which provides corporate clients with lending and transaction services, investment banking advice and access to ca
TORONTO, Feb. 14, 2024 /CNW/ - Scotiabank announced today that Jake Lawrence, Chief Executive Officer and Group Head, Global Banking and Markets, has made the decision to leave the Bank to join Power Corporation of Canada. Mr. Lawrence joined Scotiabank in 2002, and has held progressively senior roles in Finance, Treasury and Global Banking and Markets, most recently leading the Bank's wholesale banking and capital markets business. "I would like to thank Jake for his significant contributions over his impressive 22-year career with Scotiabank and wish him every success as he
TORONTO, Dec. 15, 2023 /CNW/ - Today, many current and former Scotiabankers are mourning the passing of Peter Godsoe—visionary leader and former Chairman and Chief Executive Officer of Scotiabank from 1993 to 2003. "Today many Scotiabankers are remembering the great business leader, individual and family man that Peter Godsoe was," said Scott Thomson, President and Chief Executive Officer at Scotiabank. "Peter's incredible career at Scotiabank spanned almost four decades, as he worked his way up from a teller to Chairman and CEO, and those who worked with him fondly remember t
Barb Mason, Group Head and Chief Human Resources Officer (CHRO) to retire at the end of 2023Jenny Poulos appointed to Deputy CHRO, effective October 2, 2023, and CHRO, effective December 4, 2023Aris Bogdaneris appointed to Group Head, Digital Transformation, Tangerine, Marketing and Analytics, effective September 1, 2023Phil Thomas promoted to Group Head and Chief Risk Officer, effective September 1, 2023Paul Baroni appointed to EVP, Finance & CFO, Canadian Banking, effective September 1, 2023Maria Theofilaktidis appointed to EVP & Chief Auditor, effective September 1, 2023Anique Asher, EVP, Finance and Strategy, expands her mandate to include Capital Management, effective September 1, 2023C
TORONTO, Aug. 29, 2023 /CNW/ - Scotiabank today announced the appointment of Sandra Stuart and Michael Medline to its Board of Directors."We are very pleased to welcome Sandra and Michael to Scotiabank's Board. Sandra is a seasoned business leader with extensive global financial services and operations experience from her time at HSBC Bank. Michael has a strong track record of retail leadership success, as current President and CEO of Empire Company Limited and Sobeys Inc. and former President and CEO of Canadian Tire Corporation," said Aaron Regent, Chair of the Board of Directors for Scotiabank. "As we look to support the management team in refreshing Scotiabank's strategy to deliver profi
Jacqui Allard will assume the role of Deputy Head, Global Wealth Management on September 1, 2023, reporting to Glen Gowland TORONTO, July 24, 2023 /CNW/ - Scotiabank today announced that Glen Gowland, Group Head, Global Wealth Management, will transition to the role of Vice Chair, effective January 1, 2024. "Glen is an exceptional business leader and is deeply committed to the success of Scotiabank," said Scott Thomson, President and CEO, Scotiabank. "Since joining Scotiabank in 2000, Glen has played an instrumental role in helping us grow our Global Wealth Management franchis
TORONTO, April 10, 2023 /PRNewswire/ - Scotiabank announced today that it has appointed Francisco Aristeguieta to the role of Group Head, International Banking, effective May 1, 2023. Mr. Aristeguieta will become a part of the executive management team, with responsibility for the Bank's International Banking business line. Mr. Aristeguieta is a seasoned global banking leader with more than 30 years of international banking experience with major global financial services organizations in a wide range of markets including Latin America, North America, Asia, Europe and the Middl