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 |
|---|---|---|---|
| 3/31/2025 | Buy → Neutral | BofA Securities | |
| 2/18/2025 | Sector Outperform → Neutral | CIBC | |
| 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 |
TORONTO, May 1, 2025 /PRNewswire/ - Scotiabank (TSX:BNS) (NYSE:BNS) today announced its intention to redeem all outstanding US $1,250 million 4.900% Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes (Non-Viability Contingent Capital (NVCC)) (the "Notes") at 100% of their principal amount plus accrued and unpaid interest to, but excluding, the date fixed for redemption. The redemption of the Notes will occur on June 4, 2025. Formal notice will be delivered to the noteholders in accordance with the terms and conditions set forth in the related trust indenture.
TORONTO, April 29, 2025 /CNW/ - Scotiabank will announce its second quarter results on Tuesday, May 27, 2025. Scotiabank Results News Release Financial results will be issued in a press release at approximately 6:00 a.m. ET on Tuesday, May 27, 2025. The results will be available on Scotiabank's Investor Relations Financial Results page. Scotiabank Results Conference Call The conference call will take place on Tuesday, May 27, 2025, at 8:00 a.m. ET and is expected to last approximately one hour. Interested parties are invited to access the call live: Via telephone, in listen-on
TORONTO, April 28, 2025 /CNW/ - Scotiabank announced today that the expected net income contribution from its ownership interest in KeyCorp will be approximately CAD $62 million in Q2 2025. This contribution represents the Bank's share of KeyCorp's Q1 2025 net income, includes acquisition-related and other accounting impacts, is net of the Bank's associated funding costs and is reported on a one-month lag. Adjusting for the amortization of acquired intangible assets of approximately CAD $9 million, the Bank's adjusted net income contribution from KeyCorp will be approximately
TORONTO, April 22, 2025 /CNW/ - Scotia Global Asset Management, the manager of 1832 AM Emerging Markets Equity Pool (the "Fund"), announced today that it will add Pzena Investment Management, LLC as a sub-advisor of the Fund, effective on or about May 13, 2025. There will be no change to the investment objectives of the Fund resulting from this change. For further information on these and other ScotiaFunds, please visit scotiafunds.com. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus be
TORONTO, April 17, 2025 /CNW/ - Scotia Global Asset Management announced today the April 2025 cash distributions for the Scotia ETFs listed on the Cboe Canada exchange, which pay on a monthly basis. Unitholders of record on April 25, 2025 will receive a cash distribution payable on May 2, 2025, as noted below. Scotia ETF name Ticker symbol Cash distribution per unit ($) Distribution frequency Scotia Canadian Bond Index Tracker ETF SITB 0.044 Monthly Scotia Responsible Investing Canadian Bond Index ETF SRIB 0.051 Monthly For more information on the Scotia ETFs, pl
TORONTO, April 8, 2025 /CNW/ - Scotiabank announced that the nominees listed in the management proxy circular dated February 5, 2025 were elected as directors of the Bank. The detailed results of the vote for the election of directors held at its Annual Meeting of Shareholders on April 8, 2025 are set out below. Election of DirectorsEach of the following 12 nominees proposed by management was elected as a director of the Bank: Nominee Votes For % For Votes Withheld % Withheld Nora A. Aufreiter 562,076,289 98.74 % 7,195,088 1.26 % Guillermo E. Babatz 563,248,431 98.94 % 6,022,9
HALIFAX, NS, April 7, 2025 /CNW/ - Today, Scotiabank announced a $3 million community investment in Atlantic Canada, marking its largest annual commitment in the region. Funding will support local communities through partnerships with non-profit organizations, which will include programs focused on economic resilience that are in line with the Bank's ScotiaRISE initiative. The ScotiaRISE community investment program supports initiatives that address critical issues to strengthen economic resilience, including improving high school graduation rates and post-secondary participat
TORONTO, March 19, 2025 /CNW/ - Scotia Global Asset Management announced today the March 2025 cash distributions for the Scotia ETFs listed on the Cboe Canada exchange, which pay on a monthly or quarterly basis, as noted below. Unitholders of record on March 26, 2025 will receive a cash distribution payable on April 2, 2025, as noted below. Scotia ETF name Tickersymbol Cash distributionper unit ($) Distributionfrequency Scotia Canadian Bond Index Tracker ETF SITB 0.034 Monthly Scotia Canadian Large Cap Equity Index Tracker ETF SITC 0.182 Quarterly Scotia Emerging Markets Equi
TORONTO, March 18, 2025 /CNW/ - Aris Bogdaneris, Scotiabank's Group Head, Canadian Banking, will be participating in a fireside chat at the National Bank 23rd Annual Financial Services Conference on March 25, 2025. Mr. Bogdaneris is scheduled to participate from 11:00 a.m. to 11:25 a.m. EDT. Interested parties may listen to Mr. Bogdaneris' session live on the Events and Presentations section of Scotiabank's Investor Relations page at www.scotiabank.com/investorrelations. An archived audio webcast will be available after the conference. About ScotiabankScotiabank's vision is to
TORONTO, March 12, 2025 /CNW/ - Scotiabank announced today that it is decreasing its Canadian dollar prime lending rate to 4.95 per cent from 5.20 per cent, effective March 13, 2025. About Scotiabank Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. 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 banking, corporate a
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BofA Securities downgraded Bank of Nova Scotia from Buy to Neutral
CIBC downgraded Bank of Nova Scotia from Sector Outperform to Neutral
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
TORONTO, April 29, 2025 /CNW/ - Scotiabank will announce its second quarter results on Tuesday, May 27, 2025. Scotiabank Results News Release Financial results will be issued in a press release at approximately 6:00 a.m. ET on Tuesday, May 27, 2025. The results will be available on Scotiabank's Investor Relations Financial Results page. Scotiabank Results Conference Call The conference call will take place on Tuesday, May 27, 2025, at 8:00 a.m. ET and is expected to last approximately one hour. Interested parties are invited to access the call live: Via telephone, in listen-on
TORONTO, April 28, 2025 /CNW/ - Scotiabank announced today that the expected net income contribution from its ownership interest in KeyCorp will be approximately CAD $62 million in Q2 2025. This contribution represents the Bank's share of KeyCorp's Q1 2025 net income, includes acquisition-related and other accounting impacts, is net of the Bank's associated funding costs and is reported on a one-month lag. Adjusting for the amortization of acquired intangible assets of approximately CAD $9 million, the Bank's adjusted net income contribution from KeyCorp will be approximately
TORONTO, Feb. 25, 2025 /CNW/ - Scotiabank today announced a dividend on the outstanding shares of the Bank, payable April 28, 2025, to shareholders of record at the close of business on April 1, 2025: Common Shares Dividend No. 623 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 treas
All amounts are in Canadian dollars and are based on our unaudited Interim Condensed Consolidated Financial Statements for the quarter ended January 31, 2025 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 First Quarter 2025 Report to Shareholders, including our unaudited interim financial statements for the period ended January 31, 2025, 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 First Quarte
TORONTO, Jan. 31, 2025 /CNW/ - Scotiabank will announce its first quarter results on Tuesday, February 25, 2025. Scotiabank Results News Release Financial results will be issued in a press release at approximately 5:30 a.m. ET on Tuesday, February 25, 2025. The results will be available on Scotiabank's Investor Relations Financial Results page Scotiabank Results Conference Call The conference call will take place on Tuesday, February 25, 2025, at 7:15 a.m. ET and is expected to last approximately one hour. Interested parties are invited to access the call live: Via telephone,
TORONTO, Jan. 31, 2025 /CNW/ - Scotiabank will announce its first quarter results on Tuesday, February 25, 2025. Scotiabank Results News Release Financial results will be issued in a press release at approximately 5:30 a.m. ET on Tuesday, February 25, 2025. The results will be available on Scotiabank's Investor Relations Financial Results page Scotiabank Results Conference Call The conference call will take place on Tuesday, February 25, 2025, at 7:15 a.m. ET and is expected to last approximately one hour. Interested parties are invited to access the call live: Via telephone,
TORONTO, Dec. 19, 2024 /CNW/ - Scotia Global Asset Management today announced the estimated year-end cash distributions for the Scotia ETFs listed on the Cboe Canada Exchange for the 2024 tax year. Please note that these are estimated amounts only and have been calculated based upon information as of December 15, 2024. The final cash distributions may change due to subscriptions or redemptions activity before the ex-dividend date or other factors. We expect to announce the final year-end cash distribution amounts on or about December 30, 2024. The record date for the 2024 year
TORONTO, Dec. 19, 2024 /CNW/ - Scotia Global Asset Management today announced the estimated year-end reinvested distributions for the Scotia ETFs listed on the Cboe Canda Exchange for the 2024 tax year. Please note that these are estimated amounts only and have been calculated based upon information as of December 15, 2024. The final distributions may change due to subscriptions or redemptions activity before the ex-dividend date or other factors. These are estimated year-end distributions which will be reinvested in additional units of the respective Scotia ETFs and do not in
TORONTO, Dec. 3, 2024 /CNW/ - Scotiabank today announced a dividend on the outstanding shares of the Bank, payable January 29, 2025, to shareholders of record at the close of business on January 7, 2025: Common Shares Dividend No. 622 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. As previously announced, until such time as the Bank elects otherwise, the Bank has suspended the discount to
Scotiabank's 2024 audited annual consolidated financial statements and accompanying Management's Discussion & Analysis (MD&A) are available at www.scotiabank.com along with the supplementary financial information and regulatory capital disclosure reports, which include fourth quarter financial information. All amounts are in Canadian dollars and are based on our audited annual consolidated financial statements and accompanying MD&A for the year ended October 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. Additional information related to the B
TORONTO, March 7, 2025 /CNW/ - Scotiabank's Notice of the 193rd Annual Meeting of Shareholders and Management Proxy Circular is now available at scotiabank.com/annualmeeting. The Management Proxy Circular contains key information for shareholders regarding the Annual Meeting of Shareholders and items of business, including the election of directors, the appointment of the bank's auditor, an advisory vote on Scotiabank's approach to executive compensation and shareholder proposals. Scotiabank's Annual Meeting of Shareholders is scheduled to be held in-person in Halifax, Nova Sc
Veteran Employment Symposium at the Games highlights need to support post-service employment VANCOUVER, BC, Feb. 10, 2025 /CNW/ - February 10, 2025 – A growing list of Canadian businesses, currently totalling 11 organizations, has endorsed the Veteran Ready Canada Declaration to create a community of employers committed to supporting and expanding employment opportunities for Canada's military Veterans. The endorsement took place at the Veteran Employment Symposium hosted by True Patriot Love, Canada's foundation for the military community, as part of the Invictus Games Whistl
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