|Bid||75.35 x 0|
|Ask||75.45 x 0|
|Day's Range||75.31 - 75.75|
|52 Week Range||66.36 - 82.70|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||11.06|
|Earnings Date||Feb 26, 2019|
|Forward Dividend & Yield||3.40 (4.54%)|
|1y Target Est||83.00|
Scotia Global Asset Management announces February 2019 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
Announcing the Longlist of the New Generation Photography Award, presented by the Canadian Photography Institute of the National Gallery of Canada and Scotiabank
Canada's Scotiabank has reached an agreement to sell its El Salvador banking and insurance business to Imperia Intercontinental in order to focus on other markets, the bank said on Friday. The sale, which includes Scotiabank El Salvador, its subsidiaries as well as Scotia Seguros, must still be approved by regulators. "This transaction with Imperia is in the best interest of our clients, workers and shareholders," said Scotiabank executive Ignacio Deschamps, adding that the concluded sale will generate losses of around $170 million for the bank.
TORONTO and SAN SALVADOR , El Salvador , Feb. 8, 2019 /CNW/ - Scotiabank announced today that it has reached an agreement under which Scotiabank will sell its banking and insurance operations in El Salvador , including Scotiabank El Salvador, its subsidiaries and Scotia Seguros, to Imperia Intercontinental Inc. ("Imperia"), subject to regulatory approval and customary closing conditions. Imperia is the main shareholder of Banco Cuscatlán S.A and Seguros e Inversiones S.A ("SISA") in El Salvador .
TORONTO , Feb. 7, 2019 /CNW/ - Scotiabank (BNS.TO) (NYSE: BNS) today announced the appointment of Tom McGuire as Executive Vice President and Group Treasurer, effective February 11 , 2019. Tom succeeds Andrew Branion who will be retiring from the Bank and pursuing new professional opportunities. Andrew will continue to serve in his capacity as the Chairman of the board of directors of Scotiabank ( Ireland ) Designated Activity Company. Over the course of his 22-year career with Scotiabank, Andrew has helped evolve how the Bank thinks about risk in the trading business, as well as operational risk and enterprise risk management. "Tom has a strong background in treasury and capital markets and has played a key role in managing risk and protecting the Bank's reputation," said Brian Porter , President and Chief Executive Officer, Scotiabank.
MEDIA ADVISORY - Get ready Halifax! Scotiabank Hockey Day in Canada® festivities are headed your way
MEDIA ADVISORY - Scotiabank is bringing Scotiabank Hockey Day in Canada® festivities to Montréal
Canada will consider changing the terms of a stress test designed to cut out risky mortgage lending if market conditions change, one of the country's top banking regulators said on Tuesday. The Office of the Superintendent of Financial Institutions, Canada's main financial regulator, introduced rules last January requiring banks to test borrowers' ability to repay mortgages at an interest rate 200 basis points above their contracted rate.
Canada will monitor the terms of a stress test designed to cut out risky mortgage lending in light of rising interest rates, one of the country's top banking regulators said on Tuesday. "We understand that we need to monitor the effects of the stress test and interest rate changes," Carolyn Rogers, Assistant Superintendent at the Office of the Superintendent of Financial Institutions (OSFI), said following a speech.
MEDIA ADVISORY - The 19th Annual Scotiabank Hockey Day in Canada® is coming to Swift Current. Join us!
TORONTO , Feb. 4, 2019 /CNW/ - Today, United Way Greater Toronto announced a $15-million investment from Scotiabank to help ensure that young people in the GTA have the opportunities and resources they need to have a bright future. The funds – the largest corporate commitment in United Way Greater Toronto's history – will be invested in a network of agencies across Peel, Toronto and York that support more than 245,000 young people and their families, each year.
Scotiabank's Technical Support Centre for Business Banking Customers Certified World Class
# Bank of Nova Scotia ### NYSE:BNS View full report here! ## Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short interest is extremely low for BNS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BNS. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $1.09 billion over the last one-month into ETFs that hold BNS are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. BNS credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Scotia Global Asset Management announces January 2019 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
As a large-cap stock with market capitalization of CA$84b, The Bank of Nova Scotia (TSE:BNS) is classified as a major bank. As these large financial institutions revert back to health Read More...
TORONTO , Jan. 11, 2019 /CNW/ - The Bank of Nova Scotia ("Scotiabank") (TSX, NYSE: "BNS") today announced an offering of $1.75 billion of 3.89% Subordinated Debentures (Non-Viability Contingent Capital (NVCC)) due 2029 (the "Debentures") pursuant to its July 25, 2018 base shelf prospectus. The Debentures, to be sold through an agency syndicate led by Scotiabank Global Banking & Markets, are expected to be issued on January 18 , 2019. Interest will be payable semi-annually from the date of issue until January 18, 2024 at 3.89% per annum. From January 18, 2024 to maturity on January 18, 2029 , the Debentures will pay a quarterly coupon at a rate of the 90 day bankers' acceptance plus 1.58%, beginning April 18, 2024 . On or after January 18, 2024 , Scotiabank may, at its option, with the prior approval of the Superintendent of Financial Institutions ( Canada ), redeem the Debentures, in whole at any time or in part from time to time on not less than 30 nor more than 60 days' prior notice, at a redemption price of par plus accrued and unpaid interest.
TORONTO , Jan. 11, 2019 /CNW/ - Global growth is moderating and coming off peaks achieved in 2017-18. This long predicted development reflects in part tightening by central banks, a natural cooling of the pace of growth, and the impacts of elevated uncertainty owing to developments in financial markets and the evolution of the China-US trade war. "The decline in equity markets and movements in certain parts of the yield curve over the last few months suggests a clear disconnect between economic prospects as evaluated by markets and those forecast by economists," said Jean-François Perrault, Senior Vice President and Chief Economist at Scotiabank.