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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SC 13G/A - BANK OF NOVA SCOTIA (0000009631) (Filed by)
SC 13G/A - BANK OF NOVA SCOTIA (0000009631) (Filed by)
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SC 13G/A - BANK OF NOVA SCOTIA (0000009631) (Filed by)
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
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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
TORONTO, Dec. 30, 2024 /CNW/ - Scotia Global Asset Management today announced the final year-end reinvested distributions for the Scotia ETFs listed on Cboe Canada for the 2024 tax year. Unitholders of record on December 30, 2024 will receive the reinvested distributions for the respective Scotia ETFs on January 7, 2025. These are final year-end distributions which will be reinvested in additional units of the respective Scotia ETFs and do not include any cash distribution amounts for December. The additional units will be immediately consolidated so that the number of units
TORONTO, Dec. 30, 2024 /CNW/ - Scotiabank's President and Chief Executive Officer Scott Thomson will participate in the RBC Capital Markets 2025 Canadian Bank CEO Conference on January 7, 2025. Mr. Thomson is scheduled to participate from approximately 1:20 – 1:55PM ET. Interested parties may listen to Mr. Thomson's session live on Scotiabank's Investor Relations page at www.scotiabank.com/investorrelations. An archived version of the webcast will be available after the conference. About Scotiabank Scotiabank's vision is to be our clients' most trusted financial partner and de
TORONTO, Dec. 27, 2024 /CNW/ - Scotiabank announced today that following regulatory approval from the Board of Governors of the Federal Reserve System, it has completed its acquisition of an additional approximately 10% pro-forma ownership stake in KeyCorp through newly issued common shares at US$17.17 per share, for a cash consideration of approximately US$2.0 billion. Scotiabank announced on August 12, 2024, that it had entered into an agreement to acquire an approximately 14.9% pro-forma ownership stake in KeyCorp for total consideration of approximately US$2.8 billion. Sco
CLEVELAND, Dec. 27, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) today announced that The Bank of Nova Scotia ("Scotiabank") has completed its purchase of KeyCorp's common stock with an investment of approximately $2.0 billion, as expected. With this investment, Scotiabank (TSX:BNS) (NYSE:BNS) now owns approximately 14.9% of KeyCorp's common stock. The parties received Federal Reserve approval for the transaction on December 12, 2024. This purchase completes Scotiabank's strategic minority investment in KeyCorp pursuant to the agreement announced on August 12, 2024. About KeyCorpKeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the n
TORONTO, Dec. 23, 2024 /CNW/ - Scotiabank announced today it secured the top S&P Global ESG Score amongst banks in North America on S&P's 2024 Corporate Sustainability Assessment (CSA). The Bank also maintained its seven-year track record of inclusion in the Dow Jones Sustainability Index (DJSI) North America. Inclusion in the DJSI reflects a global benchmark assessing sustainable business practices that are deemed relevant to generating long-term shareholder value and integrating sustainability considerations into portfolios. The Bank scored 73/100, placing in the top six per
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. 13, 2024 /CNW/ - Scotiabank announced today that it has received regulatory approval from the Board of Governors of the Federal Reserve System for its approximately 10% additional investment (the "Additional Investment") in KeyCorp. Scotiabank and KeyCorp expect to close the Additional Investment in 2024. Scotiabank previously announced on August 12, 2024 that it had entered into an agreement to acquire an approximate 14.9% pro-forma ownership stake in KeyCorp in two stages - an initial investment of 4.9% (the "Initial Investment") and the Additional Investment
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
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, 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