55.10 0.00 (0.00%)
After hours: 4:17PM EST
|Bid||52.07 x 900|
|Ask||56.00 x 900|
|Day's Range||54.18 - 55.26|
|52 Week Range||48.34 - 66.77|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||10.75|
|Forward Dividend & Yield||2.49 (4.64%)|
|1y Target Est||N/A|
Bank of Nova Scotia is dropping the “Mocatta” moniker from its metals-trading business, shedding the last vestiges of a firm dating back nearly 350 years as the Canadian owner absorbs the platform into its capital-markets division. It’s an end of an era that began in 1671 when Moses Mocatta opened an account with one of London’s most famous goldsmith bankers, Edward Backwell. Mocatta and his descendants would go on to build what became one of the world’s largest metals-trading businesses and the oldest member of London’s bullion market.
Thai lenders Thanachart Bank Pcl and TMB Bank Pcl are in talks to merge in a deal supported by Thailand’s government. Such a transaction could give Canada’s Scotiabank -- which owns 49 percent of Bangkok-based Thanachart Bank -- the opportunity and motivation to downsize or even exit its investment, according to National Bank Financial analyst Gabriel Dechaine.
Moody's has reviewed the following ABCP programs in conjunction with the described amendments. At this time the amendments, in and of themselves, will not result in any rating impact on the respective program's ABCP. Moody's does not believe they will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.
Bank of Nova Scotia reported an 8 percent rise in fourth-quarter earnings on Teusday, helped by a strong performance at its international business. Canada's third-biggest lender reported adjusted earnings ...
Bank of Nova Scotia (BNS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Moody's Investors Service has upgraded one subordinate tranche issued by Securitized Term Auto Receivables Trust 2016-1. The transaction is sponsored by Bank of Nova Scotia (Aa2, P-1). The upgrade was prompted by the buildup of credit enhancement owing to a non-declining reserve fund as well as stable performance.
Moody's Investors Service ("Moody's") has assigned definitive ratings of Aaa(sf) to the Class A-2a, A-2b, A-3 and A-4 notes issued by Securitized Term Auto Receivables Trust 2018-2 (START 2018-2). This is the fifth term auto loan-backed transaction sponsored by Bank of Nova Scotia (BNS). The ratings are primarily based on an analysis of the credit quality of the collateral pool, the servicing ability of BNS, and the level of credit enhancement available under the proposed capital structure.
Moody's Investors Service ("Moody's") has assigned provisional ratings of (P)Aaa (sf) to the Class A-2a, A-2b, A-3 and A-4 notes to be issued by Securitized Term Auto Receivables Trust 2018-2 (START 2018-2). This is the fifth term auto loan-backed transaction sponsored by The Bank of Nova Scotia (BNS). The ratings are primarily based on an analysis of the credit quality of the collateral pool, the servicing ability of BNS, and the level of credit enhancement available under the proposed capital structure.
Moody's Investors Service ("Moody's") has assigned a definitive Aaa (sf) rating to the Class A Notes and a definitive Baa1 (sf) rating to the Class B Notes of the Series 2018-2 issued by Trillium Credit Card Trust II (Trillium), sponsored by The Bank of Nova Scotia (BNS, long-term deposits/long-term senior unsecured Aa2 stable, long-term CR assessment Aa2(cr), short-term deposit P-1, and BCA a3). Moody's also announced today that the issuance of the Series 2018-2 Notes would not, in and of itself and as of this time, result in the downgrade or withdrawal of the ratings assigned to any class of outstanding securities issued by Trillium.
Moody's Investors Service ("Moody's") has assigned a provisional (P)Aaa (sf) rating to the Class A Notes and a provisional (P)Baa1 (sf) rating to the Class B Notes of the Series 2018-2 to be issued by Trillium Credit Card Trust II (the Trust), sponsored by Bank of Nova Scotia (BNS, long-term deposits/long-term senior unsecured Aa2 stable, long-term CR assessment Aa2(cr), short-term deposit P-1, and BCA a3). The ratings are based on the quality of the underlying credit card receivables, the expertise of BNS as servicer, the transaction's legal and structural protections including early amortization trigger events, the credit enhancement provided by the subordinate Class B Notes in the 2018-2 series, and the likelihood of the sponsor becoming insolvent and shutting down its credit card portfolio.
Novice income investors often look for the highest-yielding dividend stocks, thinking more is more. What they fail to realize is that's a much riskier proposition than finding companies with more reasonable current yields that consistently grow their payouts over time. In the U.S., the most hallowed group of dividend raisers are the Dividend Aristocrats - a group of 53 stocks that have improved their annual payout every year for at least 25 consecutive years. But America isn't the only part of the world with Aristocrats - Europe has them, and so does our neighbor to the north. In fact, there are 78 Canadian Dividend Aristocrats. Qualification for aristocracy in Canada is a little different and less stringent. A member stock must be listed on the Toronto Stock Exchange and a member of the S&P Canada BMI (Broad Market Index), it must increase its annual payout for five consecutive years (it can maintain the same dividend for two consecutive years) and have a float-adjusted market cap of at least C$300 million. We've trimmed the list down to 25 Canadian dividend stocks better suited for American investors. The following 25 Canadian Dividend Aristocrats are easier to buy, as they're listed on either the NYSE or Nasdaq, and we've raised the bar to a seven-year minimum of consecutive payout hikes. Here they are: SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement
Bank of Nova Scotia has settled charges filed by the U.S. Commodity Futures Trading Commission that it engaged in spoofing in gold and silver futures contracts traded on the Chicago Mercantile Exchange, ...
Shares of The Bank of Nova Scotia (TSE:BNS) will begin trading ex-dividend in 4 days. To qualify for the dividend check of CA$0.85 per share, investors must have owned theRead More...
At this time the amendments, in and of themselves, will not result in any change to the credit quality of the program's CP. Entergy Corporation's subsidiaries have amended their existing River Fuel commercial paper programs -- River Fuel Trust #1, River Fuel Company #2, Inc., and River Fuel Funding Company #3, Inc. (together, River Fuel programs). The River Fuel programs are structured as revolving credit facilities and the commercial paper (CP) notes issued by the programs are supported by irrevocable letters of credit (LOC) provided by Prime-1(cr) Bank of Nova Scotia (BNS).
Moody's Investors Service ("Moody's") today took various rating actions related to the Implementation Date for the new Canadian bank resolution rules on September 23, 2018. Moody's affirmed the ...