BNS - The Bank of Nova Scotia
Chart Events
Pennant (Bullish)
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 40.20 |
| Open | 41.17 |
| Bid | 41.07 x 1000 |
| Ask | 41.04 x 900 |
| Day's Range | 40.28 - 41.54 |
| 52 Week Range | 31.94 - 58.22 |
| Volume | 2,067,607 |
| Avg. Volume | 1,681,098 |
| Market Cap | 49.842B |
| Beta (5Y Monthly) | 1.06 |
| PE Ratio (TTM) | 8.01 |
| EPS (TTM) | 5.12 |
| Earnings Date | Feb 05, 2017 - Feb 09, 2017 |
| Forward Dividend & Yield | 2.57 (6.39%) |
| Ex-Dividend Date | Apr 05, 2020 |
| 1y Target Est | 72.27 |
Fair Value
Related Research
- CNW Group
Scotiabank launches Online Application Process for the Canadian Government's Canada Emergency Business Account
TORONTO , April 8, 2020 /CNW/ - Scotiabank announces the launch of its application process for the Canadian Government's new Canada Emergency Business Account (CEBA), effective April 9 th, 2020. The application process will be available via the Scotia mobile banking app and Scotia online banking for Scotiabank Small Business Banking customers, and through their respective relationship managers for Scotiabank Commercial Banking customers.
- CNW Group
Scotiabank launches priority line for frontline healthcare workers and seniors
TORONTO , April 7, 2020 /CNW/ - Scotiabank announced today the launch of front of the line service through our Canadian contact centre for frontline healthcare workers in appreciation of their courageous efforts during COVID-19. Starting April 13, 2020 , physicians, nurses, paramedics and other healthcare personnel will be prioritized by our contact centre teams, who will support customers with their banking needs and ensure these workers receive the dedicated service they deserve at this time. Seniors age 75 years and older will also receive priority service when they call our contact centre – an additional measure to protect our senior customers by providing them with safer banking alternatives by phone, online and through the Scotia mobile banking app.
- Bloomberg
Scotiabank’s $10.7 Billion Tech Spend Is Paying Off in Pandemic
(Bloomberg) -- Bank of Nova Scotia’s C$15 billion ($10.7 billion) of technology spending over the past five years is paying off during the coronavirus pandemic.The investment has allowed 60% of Scotiabank’s roughly 100,000 employees to work from home, Chief Executive Officer Brian Porter said Tuesday at the bank’s annual investors meeting. That mobilization, along with what Porter has called “great stability” in the lender’s operating systems, has let Scotiabank continue serving customers around the world through the disruptions.“To date, tens of thousands of employees have been mobilized to work from home and provide seamless operations almost overnight,” Porter said at the meeting.Such capabilities have allowed the Toronto-based bank to reach people via their phones or at home quickly and easily, Porter said. “We are using our digital capabilities to rapidly develop solutions for our customers, particularly credit relief.”Banks have been adjusting their operations for weeks amid coronavirus shutdowns around the world, expanding work-from-home policies, enforcing social distancing within offices, reducing branch hours and ramping up digital banking efforts.For Scotiabank, whose operations span about 30 countries in regions including Latin America and the Caribbean, this is not business as usual.“We have reconfigured work spaces including installing plexiglass screens at our branches,” Porter, 62, said. “We are regularly updating our employees with relevant communications on all aspects of Covid-19. We are also hosting employee calls with nurses and our chief medical officer, so they can have their questions addressed.”The bank has offered additional paid leave, emergency paid leave and special payments to employees still working at branches or offices.Porter also highlighted the “impressive” collaboration within Canada between government, policymakers and the banking regulator, the Office of the Superintendent of Financial Institutions, to help protect the economy from the worst impacts of the pandemic.“Canada is unique in that our leading banks, regulators, and government officials can work quickly and collaboratively to develop solutions,” he said. “The cooperation and coordination we have seen with the federal Ministry of Finance and other ministries, as well as provincial governments, the Bank of Canada, and OSFI has been impressive.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- CNW Group
Scotiabank President & CEO Brian Porter addresses shareholders at the Bank's 188th Annual Meeting of Shareholders
TORONTO , April 7, 2020 /CNW/ - Scotiabank today hosted its 188th Annual Meeting of Shareholders via webcast and teleconference. In his address, President and CEO Brian Porter gave tribute to late Chairman Thomas O'Neill , thanked healthcare workers on the frontline of the COVID-19 pandemic, and reinforced the Bank's stability, strength and readiness to weather the current economic environment. Thomas O'Neill served as Chair of the Scotiabank Board of Directors from 2014 to 2019 and was appointed to the Scotiabank Board in 2008.
- CNW Group
Scotiabank commits $2.5 million in support of COVID-19 community response efforts
Scotiabank commits $2.5 million in support of COVID-19 community response efforts
- CNW Group
Scotiabank Mourns Passing of Former Chairman Thomas O'Neill
TORONTO , April 6, 2020 /CNW/ - It is with great sadness that countless across Scotiabank mourn the loss of Thomas O'Neill , former Chairman of the Bank. Mr. O'Neill's contributions to corporate Canada earned him accolades and high regard across the business community. Mr. O'Neill was Board Chairman from 2014 to 2019 and was appointed to the Scotiabank Board in 2008.
- CNW Group
Scotiabank reduces credit card interest rates for customers experiencing COVID-19 financial hardships
To date, Scotiabank has provided over $1 billion in total payment relief to personal and business customers including assistance with mortgages, loans, lines of credit, auto loans and credit cards. TORONTO , April 3, 2020 /CNW/ - Scotiabank announced that effective April 1 st 2020, it will be reducing personal and small business credit card interest rates to 10.99% for customers that are experiencing financial hardship due to the COVID-19 pandemic and are receiving a credit card minimum payment deferral.
- Moody's
Scotiabank Peru -- Moody's announces completion of a periodic review of ratings of Scotiabank Perú
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Scotiabank Peru and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- Reuters
Canada's big banks field half a million mortgage deferral requests
Canada's biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, according to the Canadian Bankers' Association. Since the banks announced a plan to provide financial relief over two weeks ago, almost 500,000 requests to skip or defer mortgage payments have been completed or are being processed, up from 213,000 on March 26, according to a statement from the association seen by Reuters. The "big six" lenders - Royal Bank of Canada, TD Bank, Scotiabank, Bank of Montreal, CIBC and National Bank of Canada - announced the coordinated effort on March 17 to offer mortgage relief to customers suffering pay disruption.
- CNW Group
Scotiabank to hold 188th Annual General Meeting by webcast and teleconference
TORONTO , April 1, 2020 /CNW/ - Scotiabank today announced that its 188th Annual Meeting of Common Shareholders will be held exclusively via webcast and teleconference. The Board of Directors made the decision to alter the meeting format following directives from public health and government authorities regarding enhanced restrictions for public gatherings and social distancing. Scotiabank's 188th Annual Meeting of Common Shareholders will be held on April 7, 2020 , at 9 a.m. EDT .
- CNW Group
Scotiabank hosts virtual fireside chat to provide company update
Scotiabank hosts virtual fireside chat to provide company update
- Reuters
Canada's top lenders cut prime rates after central bank's surprise move
Canada's top lenders lowered their prime rates by 50 basis points on Friday, hours after the central bank unexpectedly cut its key interest rate to help the county weather the economic fallout of the coronavirus pandemic. Royal Bank of Canada, Bank of Nova Scotia and Toronto-Dominion Bank all cut their prime rates to 2.45%, effective March 30. The Bank of Canada cut its overnight interest rate by 50 basis points to 0.25%, its lowest level since June 2010 and the third cut in March.
- CNW Group
Banks in Canada Step Up to Support Small Business
Banks in Canada Step Up to Support Small Business
- Reuters
Canadian banks reward frontline employees as coronavirus crisis deepens
Canadian banks on Tuesday followed U.S. heavyweights in offering additional daily payments, one-time bonuses and extra paid days off to customer-service employees required to work in branches and call centers during the coronavirus crisis. Banks have largely been excluded from government-mandated shutdowns in many countries because they are considered an essential industry, meaning most bank branches, call centers and trading floors have stayed open even as many other firms send their employees home. Royal Bank of Canada , Canadian Imperial Bank of Commerce (CIBC) and Bank of Montreal (BMO) said they would pay an additional C$50 per day to employees.
- Reuters
CORRECTED-Canadian banks reward frontline employees as coronavirus spreads (March 24)
Canadian banks on Tuesday followed U.S. heavyweights in offering one-time bonuses and extra paid days off to customer-service employees who are required to work in branches and call centres amid the coronavirus crisis. Banks have largely been excluded from government-mandated shutdowns in many countries because they are considered an essential industry, meaning most bank branches, call centers, and trading floors have stayed open even as many firms send their employees home. Canadian Imperial Bank of Commerce (CIBC) and Bank of Montreal (BMO) said they would pay C$50 per day to employees.
- CNW Group
Scotia Global Asset Management announces March 2020 cash distributions for Scotia Strategic ETF Portfolios
Scotia Global Asset Management announces March 2020 cash distributions for Scotia Strategic ETF Portfolios
- Bloomberg
TD, Scotiabank Issue $11 Billion of Repo-Eligible Bonds
(Bloomberg) -- Toronto-Dominion Bank priced the largest covered bond on record from a Canadian lender on Friday, days after the country’s central bank widened the range of securities it takes as guarantee for repurchase transactions. Bank of Nova Scotia followed with a similar deal Monday.TD, the country’s second-largest bank by assets, issued C$10 billion ($6.9 billion) of floating-rate covered bonds maturing in 1.5 and 3 years, according to data compiled by Bloomberg. Bank of Nova Scotia priced C$.5.5 billion of 2-year fixed-rate and 3-year floating-rate covered bonds, the data show.The Bank of Canada said March 18 it is starting to allow participants in its term repo operations -- mostly banks -- to pledge their own covered bonds at collateral for such transactions. The change is part of a wide range of measures announced in recent weeks to shore up the country’s financial markets.“TD notes the Bank of Canada recently expanded its eligible collateral to include own-name covered bonds, among other assets,” TD spokeswoman Julie Bellissimo said in an e-mailed statement.Scotiabank’s covered bonds will be used by the lender to buffer its central-bank eligible collateral, a person familiar with the matter said.TD’s C$5 billion portion of 18-month floating-rate covered bonds were priced to yield 200 basis points over 1-month CDOR, and the 3-year floater floater was priced at a spread of 170 basis points. Scotiabank’s C$2.75 billion of notes due 2022 were priced at 185 basis points over similar-maturity government debt. The 2023 floating-rate notes were priced at a spread of 165 basis points over 3-month CDOR.TD’s covered bonds are the largest of their kind from a Canadian bank, according to Bloomberg records going back to 2007.(Updates with Scotiabank transaction beginning in first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Metals Buckle Under Virus Double Whammy
(Bloomberg Opinion) -- Lockdowns imposed to control the coronavirus have battered China’s appetite for everything from coal to copper, pushing stockpiles of raw materials higher and global prices lower. The next crunch could come from supply. The risk of an outbreak is growing in ill-prepared producer countries, with mandatory quarantines and border shutdowns threatening to choke off production.Prices of bulk commodities are already seeing some support from such disruptions, as ports and mines close. Coking coal in particular has outperformed owing in part to Mongolia’s decision in late January to seal its border with China, which cut off a key source of supply. The impact may be only short term. With factory shutdowns spreading through the U.S. and Europe, the reduction in wider metals supply would need to be dramatic to offset crumbling global demand. Upheaval could provide some price support regardless.Appetite for virtually all commodities has slumped since January, when the extent of damage from the novel coronavirus became clear. Even where mills, smelters and factories stayed open, that largely translated into crammed warehouses. China’s industrial production, investment and retail sales for the first two months of the year plunged across the board, with construction particularly weak. China’s economy is now all but certain to contract in the first quarter from a year earlier.With European automakers and other manufacturers shuttering operations, the drop in commodity demand in the first three months is likely to be even worse than during the global financial crisis. Steel demand will fall more than a fifth, copper will slide 14% and aluminum almost a third, analysts at BMO Capital Markets estimate.It hasn’t helped futures prices that the latest wave of closures is coming as we head into the second quarter, usually a peak period for demand. China, by contrast, was worse hit during the quieter Lunar New Year. Copper, a bellwether of confidence in global manufacturing, has tumbled to four-year lows of around $4,800 per metric ton on the London Metal Exchange.Travel and quarantine restrictions have already damaged supply, making it harder for miners to fly employees in and out and impeding projects under construction. Peru’s quarantine has already prompted Anglo American Plc to stop all nonessential work at its $5 billion Quellaveco project and withdraw most of the site’s 10,000 staff and contractors. Canada’s Teck Resources Ltd. has suspended work at its Quebrada Blanca Phase 2 in Chile, while Rio Tinto Group says work has slowed on its underground mine at Oyu Tolgoi in Mongolia.Lockdowns may be even more severe. Copper mines are among the worst affected as Chile and Peru, the world’s top two producers, scramble to contain the virus, prompting Anglo American, Antofagasta and others to send staff home. Chilean state behemoth Codelco will work at reduced capacity for two weeks, while workers at BHP Group’s Escondida, the world’s largest copper mine, threatened action to compel the company to take more preventative steps. The miner said Saturday it would reduce the number of contractors onsite. Analysts at Bank of Nova Scotia estimate a two-week halt in operations in those two countries would amount to 325,000 tons of lost production — roughly 4% of their combined annual output. This serves to underline the geographical concentration of a handful of key materials. Lithium is produced mainly in Chile and Australia, while iron-ore exports are dominated by Australia and Brazil. The price surge after last year’s Vale SA dam disaster shows what a port closure could do to the iron-ore market, though such a move appears unlikely given the huge budget contribution that the material makes to Brazil and Australia.Many producer countries are developing economies and ill-equipped to handle an epidemic that has floored even the world’s richest nations. In Brazil, the response has been patchy at best, with some states taking measures that are increasingly at odds with the federal government. Poorly implemented lockdowns, as seen in the Philippines, could push thousands of casual workers out of cities in search of work in more remote areas — potentially extending the spread.If more drawbridges are raised, expect supplies from explosives and tires to heavy equipment to get blocked, hampering even mining operations that could otherwise keep going. In the meantime, low prices will hurt some higher-cost projects, though rock-bottom prices for oil, a significant input, will cushion the blow. This will affect smaller producers first, given the healthy balance sheets of big miners. Still, operations like Rio’s Pacific Aluminium, or pricey U.S. copper mines, look vulnerable.Demand was the first part of an unprecedented crunch for the global commodities industry. The second act is only beginning. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Clara Ferreira Marques is a Bloomberg Opinion columnist covering commodities and environmental, social and governance issues. Previously, she was an associate editor for Reuters Breakingviews, and editor and correspondent for Reuters in Singapore, India, the U.K., Italy and Russia.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- CNW Group
Scotiabank announces new options for remote shareholder participation at 2020 Annual General Meeting
TORONTO , March 20, 2020 /CNW/ - Scotiabank today announced several new options for shareholders to participate remotely in the Bank's 188th annual general meeting. Scotiabank's 188th Annual Meeting of Common Shareholders will be held on April 7, 2020 , at 9:00 a.m. EDT . "Considering the potential impact of the COVID-19 pandemic on the Bank's stakeholders, and the directives from public health officials on large group settings, the Board of Directors believes the safest way to participate in the upcoming annual meeting is remotely and we are providing additional ways to enable this for all shareholders," said Julie Walsh , SVP, Corporate Secretary and Chief Corporate Governance Officer, Scotiabank.
- Reuters
Canada's biggest banks, insurers to hold annual meetings online as virus spreads
Canada's largest banks and insurers said on Friday they would hold their annual meetings online, in a move to shelter shareholders and employees from the fast-spreading coronavirus. The "big six" Canadian lenders - Royal Bank of Canada , TD Bank, Scotiabank, Bank of Montreal , CIBC and National Bank of Canada - are participating in this initiative.
