|Bid||48.75 x 1400|
|Ask||58.85 x 900|
|Day's Range||53.71 - 54.04|
|52 Week Range||52.63 - 66.78|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||10.64|
|Earnings Date||Feb 6, 2017 - Feb 10, 2017|
|Forward Dividend & Yield||2.60 (4.84%)|
|1y Target Est||72.27|
TORONTO , Nov. 15, 2018 /CNW/ - At the 2018 Association of Financial Professionals (AFP) Conference in Chicago , Scotiabank proudly showcased Canada's first integrated security token and mobile banking app. The app was one of a number of innovative products and services for business banking customers highlighted by the Bank at the conference. The ScotiaConnect Mobile Banking for Business app allows corporate treasury departments, CEO's and owners of small- or medium-sized businesses to use their smartphone to view balances and transactions, approve and submit payments and create, submit and approve account transfers and bill payments. In addition, the integrated security token provides seamless and secure access into the ScotiaConnect Mobile Banking for Business app.
Scotiabank is the first Canadian bank to ever receive the Bank of the Year award from LatinFinance. "We are honoured to have been recognized by LatinFinance as the 2018 Bank of the Year and would like to thank our customers for their loyalty and our employees for their hard work and dedication to providing an excellent customer experience," said Ignacio (Nacho) Deschamps, Group Head of International Banking and Digital Transformation at Scotiabank.
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.
TORONTO , Oct. 30, 2018 /CNW/ - Scotiabank (BNS.TO) today announced the appointment of Rajagopal (Raj) Viswanathan as Executive Vice President and Chief Financial Officer, effective November 1, 2018 . Raj succeeds Sean McGuckin , who announced in May that he would take a leave of absence to attend to an illness in his family. Sean will retire as Chief Financial Officer on October 31 , though he will support the Bank during a transition period until December 31, 2018.
TORONTO , Oct. 29, 2018 /CNW/ - Scotiabank (BNS.TO) (NYSE: BNS) today announced the appointment of Benita Warmbold to the Bank's Board of Directors. "Benita Warmbold has an in-depth knowledge of the financial services industry, expertise from a global investment management firm and more than 30 years of industry experience," said Thomas O'Neill, Chairman of the Board of Directors at Scotiabank. "She has a proven track record of success and is widely-recognized for her strategic thinking and collaboration-centered work ethic.
Scotia Global Asset Management announces October 2018 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
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 fell from near-record levels posted a year ago in the US and a pullback of inventory-clear-out gains in the European Union prior to the introduction of new emission standards.
An Estimated 3.5 Million Raised for Local Charities at the 2018 Scotiabank Toronto Waterfront Marathon
More than 25,000 runners hit the streets for the 29th edition of the Scotiabank Toronto Waterfront Marathon
Media Advisory/Photo Opportunity - Scotiabank Toronto Waterfront Marathon Race Week Schedule
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.
"The consequences of escalating trade actions are undeniable: higher prices in China and the U.S., less purchasing power for consumers in these countries, higher input costs, heightened financial market volatility and possibly higher interest rates. Canada : The latest Global Outlook finds an improvement in the forecast for the Canadian economy, as NAFTA-related uncertainty decreases while the massive Kitimat LNG plant is set to boost growth in 2020.
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.
TORONTO , Oct. 12, 2018 /CNW/ - The Bank of Nova Scotia ("Scotiabank") (TSX, NYSE: "BNS") today announced that it has completed the domestic public offering of Non-cumulative 5-Year Rate Reset Preferred Shares Series 40 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares Series 40"). Scotiabank sold 12 million Preferred Shares Series 40 at a price of $25.00 per share and holders will be entitled to receive a non-cumulative quarterly fixed dividend for the initial period ending January 26, 2024 yielding 4.85% per annum, as and when declared by the Board of Directors of Scotiabank.
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.
TORONTO , Oct. 4, 2018 /CNW/ - Scotia Global Asset Management today announced it has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI). The PRI is the world's leading proponent of responsible investment. It supports a global network of asset owners, investment managers and service providers to incorporate environmental, social and governance (ESG) factors into their investment and ownership decisions.
TORONTO , Oct. 3, 2018 /CNW/ - Scotiabank announced today that it has completed the acquisition of MD Financial Management (MD), Canada's leading provider of financial services to physicians and their families. In tandem with the closing of the acquisition, Scotiabank and the Canadian Medical Association (CMA) have entered into a 10-year collaboration supporting philanthropic initiatives and programs for physicians and the communities they serve.