|Bid||77.60 x 0|
|Ask||77.70 x 0|
|Day's Range||77.49 - 77.98|
|52 Week Range||73.91 - 85.50|
|PE Ratio (TTM)||11.32|
|Earnings Date||Aug 28, 2018|
|Forward Dividend & Yield||3.28 (4.26%)|
|1y Target Est||66.69|
TORONTO and NEW YORK , Aug. 14, 2018 /CNW/ - Scotiabank announced today that it has reached an agreement to acquire Banco Dominicano del Progreso, a bank with operations in the Dominican Republic , subject to regulatory approval. Scotiabank's common equity tier one capital ratio will be impacted by approximately 10 basis points. The transaction is not financially material to Scotiabank. Once the transaction closes, Scotiabank will be the Dominican Republic's fourth largest full-service bank as measured by assets, and fourth-largest loans provider, with 10% of the market.
India's gold dore imports may rise to a record in 2018 on lower import duties, leading the country's bullion refiners to eat away at the share of the gold market held by banks. Imports of dore, a semi-pure alloy made by miners, may climb to 300 tonnes this year from 250.6 tonnes, James Jose, the secretary of the Association of Gold Refineries and Mints, said on Saturday on the sidelines of the India International Gold Convention in the southern Indian city of Kochi.
As a CA$94B market capitalisation bank, The Bank of Nova Scotia (TSE:BNS) is well-positioned to benefit from the improving credit quality as a result of post-GFC recovery. Growth stimulates demandRead More...
The Report includes a wide-ranging look at auto sales across Canada and the U.S., Latin America , Europe , and Asia-Pacific. Overall, Herrera notes that global auto sales continued to expand at a solid pace in the first half of 2018. The rise is largely attributed to strong gains in emerging markets and better than anticipated sales in the U.S., but global trade tensions may put a dent on vehicles sales growth.
TORONTO , July 30, 2018 /CNW/ - BNS Insurance Agency Inc., the insurance administrator and distributor for Scotiabank, has selected Johnson Insurance as its exclusive partner for the distribution of Home and Auto insurance products under the ScotiaLife Financial brand. BNS Insurance Agency Inc. chose Johnson, part of the RSA Insurance Group plc. group of companies, following an RFP for its business. BNS Insurance Agency Inc. chose Johnson for the distributor's unwavering commitment to customers.
As of today's date, the Trust has one series of debt securities ("Notes") outstanding, being U.S. $600,000,000 credit card receivables backed Class A floating rate notes, series 2018-1 (the "Class A Notes") and CDN$67,300,000 3.875% credit card receivables backed Class B notes, series 2018-1 (the "Class B Notes"), each with an expected principal payment date of February 26 , 2020. All of the Class A Notes were offered on a private placement basis to eligible investors in the United States , and the Class B Notes are held by The Bank of Nova Scotia , the sponsor of the Trust. The Trust has never issued Notes publicly in Canada .
Scotia global asset management announces July 2018 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
TORONTO , July 9, 2018 /CNW/ - The growth of auto sales to date in 2018 has been led by strong gains in developing economies, but US protectionism may stall further gains, wrote Scotiabank Economist Juan Manuel Herrera in the July 2018 Global Auto Report. "The growth in sales thus far in 2018 has, as expected, been led by strong gains in developing economies while a number of advanced economies have reached sales plateaux, albeit near record levels," said Juan Manuel Herrera . "The global economy remains solid amid a mutually reinforcing expansion brought about by rising trade flows across the world.
Scotiabank provides details of impact of IFRS 9 accounting standard on recently completed acquisitions
As part of its strategy to increase its presence in the Chilean market and in the Pacific Alliance countries, this transaction will double Scotiabank's presence in Chile to approximately 14% market share in total loans, making it one of the largest private banks in the country. With the closing of the transaction, the Bank is ready to initiate the integration efforts led by local resources within Chile .
Private equity-backed Chilean miner Mantos Copper is looking to find a buyer to help finance the expansion of mines it bought from Anglo American in 2015, it said. The company's owner, a consortium led by British investment company Audley Capital Advisors and Orion Mine Finance Group, bought the Mantos Blancos and Mantoverde copper mines from Anglo for $300 million plus $200 million in conditional future payments. In April, Mantos Copper said it would extend the life of the mines after obtaining environmental permits, despite rising costs of production.
TORONTO , July 3, 2018 /CNW/ - Scotiabank Economics released its quarterly Global Economic Outlook today. This quarter, the Global Economic Outlook remains optimistic about underlying global growth possibilities, but the economic horizon is clouded by developing and wholly unnecessary trade conflicts touched off by the US with its major trading partners. "The uncertainty surrounding trade policy in the US and potential responses by US trade partners will continue to weigh on financial markets, and likely act as a drag on growth into 2019," said Jean-François Perrault, SVP & Chief Economist at Scotiabank.
TORONTO , July 3, 2018 /CNW/ - Scotiabank announced today that is has completed the acquisition of Citibank Colombia's consumer (retail and credit cards) and small and medium enterprise ("SME") operations through Scotiabank Colpatria S.A. (the "Bank"), its Colombian subsidiary, effective June 30, 2018 . This acquisition will enhance the Bank's strategic position by making it the market-leader in credit cards, increasing its scale in Colombia through the addition of more than 500,000 new customers and expanding its ability to greater serve the country's premium banking segments supported by Scotiabank's Global Wealth Management network.
Scotiabank joins IIAC in celebrating the induction of Gordon Cheesbrough to the Investment Industry Hall of Fame
LONDON, UK / ACCESSWIRE / June 28, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Banking industry: The Toronto-Dominion Bank, Royal Bank of Canada, Home Capital Group, and The Bank of Nova Scotia. Today's stocks of interest consist of: The Toronto-Dominion Bank (TSX: TD), Royal Bank of Canada (TSX: RY), Home Capital Group Inc. (TSX: HCG), and The Bank of Nova Scotia (TSX: BNS).
An estimated $970,000 raised for charity at the 2018 Scotiabank Vancouver Half-Marathon and 5k
Scotia global asset management announces June 2018 cash distributions for Scotia Strategic ETF Portfolios
MEDIA ALERT/Photo-Op: The Scotiabank Vancouver Half Marathon and 5k to take place for 20th year on Sunday