|Bid||58.11 x 1400|
|Ask||58.12 x 800|
|Day's Range||57.80 - 58.32|
|52 Week Range||55.85 - 66.78|
|PE Ratio (TTM)||11.26|
|Earnings Date||Feb 6, 2017 - Feb 10, 2017|
|Forward Dividend & Yield||2.51 (4.24%)|
|1y Target Est||72.27|
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.
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.
Moody's Investors Service ("Moody's") has today downgraded the senior unsecured debt and deposit ratings of four Chilean banks - Banco de Chile, Banco del Estado de Chile (Banco Estado), Banco Santander-Chile (Santander), and Banco de Crédito e Inversiones (Bci) - and changed their outlooks to stable from negative. Moody's also downgraded the long-term deposit rating of Banco Estado, New York Branch, as well as its long-term counterparty risk ratings and assessments.
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 .
Today, WallStEquities.com covers the Money Center Banks space, which comprises banks that are located in a financial center, such as New York or San Francisco, and deal in national and international financial markets. Under evaluation this morning are these four stocks: Banco Santander-Chile (NYSE: BSAC), Bank of America Corp. (NYSE: BAC), The Bank of Nova Scotia (NYSE: BNS), and Home Bancshares Inc. (NASDAQ: HOMB).
Scotia global asset management announces July 2018 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
Moody's Investors Service ("Moody's) has taken various rating actions on the deposits, long-term debt and Counterparty Risk Assessments (CRAs) of The Toronto-Dominion Bank (TD), Bank of Montreal (BMO), ...
Moody's Investors Service ("Moody's") announced that BBVA (Chile)'s (BBVA Chile) A3/Prime-2 long- and short-term global local and foreign currency deposit ratings are unaffected by the bank's acquisition by Bank of Nova Scotia (BNS, Aa2 deposits stable, a3) on 6 July 2018. The ratings have a stable outlook.
Jim Cramer said on CNBC's "Mad Money Lightning Round" that Cisco Systems, Inc. (NASDAQ: CSCO ) is terrific. It has a 3 percent yield and it was hurt by a decline in DRAM prices, so its margins ...
Banco Bilbao (BBVA) sells Chilean banking subsidiary to Bank of Nova Scotia, in a $2.2 billion cash deal, with an aim to streamline its business and drive operational efficiency.
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 .
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.
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.