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 |
|---|---|---|---|
| 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 | |
| 5/9/2023 | Equal Weight → Underweight | Barclays |
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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
Barclays downgraded Bank of Nova Scotia from Equal Weight to Underweight
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
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
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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, Nov. 28, 2024 /CNW/ - Scotia Global Asset Management today announced the reduction of the annual fixed administration fee (FAF) on several ScotiaFunds. The changes will be implemented on or about December 6, 2024. There will be no change to the investment objectives of the funds resulting from these fee reductions. The funds with FAF adjustments are as follows: Fund Series New FAF Current FAF Scotia Canadian Small Cap Fund A, F 0.25 % 0.26 % Scotia Global Bond Fund A, F 0.15 % 0.30 % Scotia Global Dividend Class A, F 0.25 % 0.30 % Scotia Global Equity Fund A, F 0.25
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, 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 $1.06 per share;Holders may elect to receive their dividends in common shares of the Bank in lieu of cash dividends, in accordance with the Bank's Shareholder Dividend and Share Purchase Plan (the "Plan"). Under the Plan, the Bank determines whether the additional common shares will be purchased on the open market or issued by the Bank from t
TORONTO, Jan. 31, 2025 /CNW/ - Scotiabank will announce its first quarter results on Tuesday, February 25, 2025. Scotiabank Results News Release Financial results will be issued in a press release at approximately 5:30 a.m. ET on Tuesday, February 25, 2025. The results will be available on Scotiabank's Investor Relations Financial Results page Scotiabank Results Conference Call The conference call will take place on Tuesday, February 25, 2025, at 7:15 a.m. ET and is expected to last approximately one hour. Interested parties are invited to access the call live: Via telephone,
TORONTO, Feb. 18, 2025 /CNW/ - Scotia Global Asset Management announced today the February 2025 cash distributions for the Scotia ETFs listed on the Cboe Canada exchange, which pay on a monthly basis. Unitholders of record on February 25, 2025 will receive a cash distribution payable on March 4, 2025, as noted below. Scotia ETF name Ticker symbol Cash distribution per unit ($) Distribution frequency Scotia Canadian Bond Index Tracker ETF SITB 0.041 Monthly Scotia Responsible Investing Canadian Bond Index ETF SRIB 0.042 Monthly For more information on the Scotia ETFs, please v
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
Survey shows many Canadians uncomfortable with end-of-life discussions TORONTO, Feb. 6, 2025 /CNW/ - Many Canadians are not completely prepared when it comes to their later years, according to a recent survey by Scotiatrust®: Wills and Estate Planning Survey*. Of those surveyed, forty-one per cent do not have a power of attorney (POA) document that names someone to manage their finances or other assets if they become incapacitated, and 47 per cent lack a POA regarding their personal and medical care. "As we continue to live longer, and not always in great health, we could be f
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. 29, 2025 /CNW/ - Scotiabank announced today that it is decreasing its Canadian dollar prime lending rate to 5.20 per cent from 5.45 per cent, effective January 30, 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
TORONTO, Jan. 28, 2025 /CNW/ - Scotiabank has released an abridged Supplementary Financial Information package with unaudited quarterly and annual financial information for fiscal years 2024 and 2023, reflecting changes in business segment presentation that are effective November 1, 2024. There is no impact to the Bank's consolidated financial results. These voluntary changes represent an important step in executing the Bank's strategy and reflect an updated approach to business segment presentation to be consistent with management's evaluation of the financial performance of
TORONTO, Jan. 21, 2025 /CNW/ - Scotia Global Asset Management announced today the January 2025 cash distributions for the Scotia ETFs listed on the Cboe Canada exchange, which pay on a monthly basis. Unitholders of record on January 28, 2025 will receive a cash distribution payable on February 4, 2025, as noted below. Scotia ETF name Ticker symbol Cash distribution per unit ($) Distribution frequency Scotia Canadian Bond Index Tracker ETF SITB 0.047 Monthly Scotia Responsible Investing Canadian Bond Index ETF SRIB 0.023 Monthly For more information on the Scotia ETFs, please
Transfer of Colombia, Costa Rica and Panama businesses to Davivienda will create a bank with greater scale in each market. Scotiabank to receive an approximate 20% ownership stake in Davivienda on a pro forma basis. With this agreement, Scotiabank continues to execute against its five-year plan to improve profitability across its International Banking markets.This transaction is capital neutral overall with potential upside to earnings in future years, while significantly reducing operational complexity.TORONTO, Jan. 6, 2025 /CNW/ - Scotiabank announced today it has entered into an agreement with Davivienda to transfer Scotiabank's banking operations in Colombia, Costa Rica and Panama to Dav
TORONTO, Dec. 30, 2024 /CNW/ - Scotia Global Asset Management today announced the final year-end cash distributions for the Scotia ETFs listed on Cboe Canada for the 2024 tax year. Unitholders of record on December 30, 2024 will receive cash distributions for the respective Scotia ETFs on January 7, 2025. The actual taxable amounts of cash distributions for 2024, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2025. Shareholders can contact their brokerage firm for this information. The final cash d