BNS - The Bank of Nova Scotia

NYSE - NYSE Delayed Price. Currency in USD
56.26
+0.05 (+0.09%)
At close: 4:03PM EDT
Stock chart is not supported by your current browser
Previous Close56.21
Open56.31
Bid0.00 x 1400
Ask0.00 x 800
Day's Range56.15 - 56.67
52 Week Range48.34 - 60.50
Volume885,290
Avg. Volume761,046
Market Cap68.445B
Beta (3Y Monthly)0.95
PE Ratio (TTM)10.98
EPS (TTM)5.12
Earnings DateFeb 6, 2017 - Feb 10, 2017
Forward Dividend & Yield2.72 (4.83%)
Ex-Dividend Date2019-09-30
1y Target Est72.27
Trade prices are not sourced from all markets
  • CNW Group

    Scotiabank supports young Canadians with a $500,000 donation to the Terry Fox PROFYLE program

    TORONTO , Sept. 18, 2019 /CNW/ - Scotiabank has donated $500,000 to the Terry Fox Foundation PROFYLE program, to help give young Canadians with hard-to-treat cancers access to potentially life-saving treatment. The Terry Fox PROFYLE – short for PRecision Oncology For Young peopLE – is a unique program that uses precision medicine to treat qualifying babies, children and young adults across Canada . Through this project, patients who are out of treatment options have their tumours and genomes profiled and analyzed, and are connected to a network of top cancer researchers.

  • CNW Group

    Scotiabank's Group Head of Canadian Banking Dan Rees to Speak at CIBC's 18th Annual Eastern Institutional Investor Conference

    Scotiabank's Group Head of Canadian Banking Dan Rees to Speak at CIBC's 18th Annual Eastern Institutional Investor Conference

  • CNW Group

    Scotiabank takes a bold step forward with the newly refreshed Scotiabank Gold American Express® Card

    TORONTO , Sept. 10, 2019 /CNW/ - Scotiabank is further strengthening its market-leading suite of credit cards with a refresh of the Scotiabank Gold American Express® Card. The newly refreshed card offers the highest earn rate available in the market for Groceries, Dining and Entertainment**, introduces new accelerated earn categories, and showcases the flexibility of the Scotia Rewards® program. "We're extremely proud of the incredible value we're delivering to our customers through our newly refreshed Scotiabank Gold American Express Card," said Brett Mooney , Senior Vice President, Credit Cards & Unsecured Lending for Scotiabank.

  • CNW Group

    Women in Payments Announces 2019 Award Nominees

    TORONTO , Sept. 10, 2019 /CNW/ - Women in Payments will honour six inspiring people with awards for their leadership in the payments ecosystem at the eighth annual Women in Payments Canada Symposium on September 18 and 19, 2019. The Women in Payments Awards Dinner on September 18, 2019 , is presented by Scotiabank.  The Awards champion women in the Canadian payments industry at all stages of their careers, recognizing and honouring one woman in each of the award categories: Rising Star, Innovation, Thought Leader, Advocate for Women, Inspiration, and Distinguished Payments Professional.

  • CNW Group

    Scotiabank Announces Redemption of 3.036% Subordinated Debentures due 2024

    TORONTO , Sept. 9, 2019 /CNW/ - Scotiabank (BNS: TSX, NYSE) today announced its intention to redeem all outstanding 3.036% subordinated debentures due October 18, 2024 at 100% of their principal amount plus accrued interest to the redemption date. The redemption will occur on October 18 , 2019. Formal notice will be delivered to the debenture holders in accordance with the terms and conditions set forth in the related trust indenture. The redemption has been approved by the Office of the Superintendent of Financial Institutions and will be financed out of the general funds of Scotiabank.

  • Zacks

    New Trade Talks Bring a 'Better Late Than Never' Rally

    New Trade Talks Bring a 'Better Late Than Never' Rally

  • CNW Group

    Scotiabank Stands with our Customers, Employees and Communities Affected by Hurricane Dorian

    TORONTO , Sept. 4, 2019 /CNW/ - Scotiabank is donating $100,000 USD to the Red Cross in support of the rescue and relief efforts taking place in response to Hurricane Dorian's devastation.  Our thoughts continue to be with the people of the affected regions as they demonstrate strength and resilience during and following the hurricane's impact. The scale of the devastation caused by Hurricane Dorian is deeply troubling," says Brian Porter , Scotiabank's President and CEO.

  • CNW Group

    Raj Viswanathan to Speak at Barclays 17th Annual Global Financial Services Conference

    Raj Viswanathan to Speak at Barclays 17th Annual Global Financial Services Conference

  • 12 Canadian authors named to the 2019 Scotiabank Giller Prize longlist
    CNW Group

    12 Canadian authors named to the 2019 Scotiabank Giller Prize longlist

    ST. JOHN'S , Sept. 3, 2019 /CNW/ - The Scotiabank Giller Prize's annual celebration of Canadian literary talent began today with the announcement of this year's longlist. Now in its 26th year, the Scotiabank Giller Prize is focused on highlighting the very best of Canadian fiction. This year, 117 works of literature were submitted for consideration, with the longlist narrowed down to 12.

  • CNW Group

    Raj Viswanathan to Speak at Scotiabank Global Banking and Markets' 20th Annual Financials Summit

    Raj Viswanathan to Speak at Scotiabank Global Banking and Markets' 20th Annual Financials Summit

  • Toronto-Dominion (TD) Q3 Earnings Grow on Higher Revenues
    Zacks

    Toronto-Dominion (TD) Q3 Earnings Grow on Higher Revenues

    Improvement in revenues and strong balance sheet support Toronto-Dominion's (TD) fiscal Q3 earnings.

  • Bank of Montreal (BMO) Down 3.8% Despite Q3 Earnings Rise
    Zacks

    Bank of Montreal (BMO) Down 3.8% Despite Q3 Earnings Rise

    Higher revenues, and decent loan and deposit growth support Bank of Montreal's (BMO) fiscal Q3 earnings. However, increase in credit costs is a headwind.

  • National Bank of Canada's (NTIOF) Q3 Earnings Increase Y/Y
    Zacks

    National Bank of Canada's (NTIOF) Q3 Earnings Increase Y/Y

    Higher interest income, fee revenues and a strong balance sheet position support National Bank of Canada's (NTIOF) fiscal Q3 earnings.

  • Benzinga

    BMO Reviews Scotiabank's Q3

    Canada-based Bank of Nova Scotia (TSE:BNS) reported fiscal third-quarter results , which were lifted by better-than-expected retail performance, according to BMO. The Analyst BMO Capital Markets analyst ...

  • Company News for Aug 28, 2019
    Zacks

    Company News for Aug 28, 2019

    Companies in the news are: SJM, MO, EV, BNS

  • Scotia Bank's (BNS) Q3 Earnings Impressive, Costs Escalate
    Zacks

    Scotia Bank's (BNS) Q3 Earnings Impressive, Costs Escalate

    The Bank of Nova Scotia's (BNS) third-quarter fiscal 2019 (ended Jul 31) earnings reflect higher revenues, its solid capital levels and elevated expenses.

  • The Bank of Nova Scotia (BNS) Q3 2019 Earnings Call Transcript
    Motley Fool

    The Bank of Nova Scotia (BNS) Q3 2019 Earnings Call Transcript

    BNS earnings call for the period ending July 31, 2019.

  • Benzinga

    Bank Of Nova Scotia Ticks Higher On Q3 Earnings Beat

    Bank of Nova Scotia (NYSE: BNS ) reported third-quarter earnings of $1.42 per share, which beat the analyst consensus estimate of $1.34 by 6.64%. This is a 5.07% increase over earnings of $1.36 per share ...

  • Scotiabank Latam Push Outpaces Bank of Montreal U.S. Efforts
    Bloomberg

    Scotiabank Latam Push Outpaces Bank of Montreal U.S. Efforts

    (Bloomberg) -- Bank of Nova Scotia’s focus on Latin America proved a better bet than Bank of Montreal’s U.S. push in the fiscal third quarter.Scotiabank’s earnings topped analysts’ estimates on a surge in profit in its international-banking division, fueled by a sharpened focus on Latin America, and lower provisions for loan losses. Bank of Montreal, meanwhile, fell short of expectations amid greater set-asides for bad loans and more muted growth at its U.S. personal-and-commercial banking division.“Scotia’s beat against expectations was almost the polar opposite of BMO’s this morning: better-than-expected provisions, largely reflecting reversals of previous provisions on performing loans,” Barclays Plc analyst John Aiken said Tuesday in a note to clients. “The largest beneficiary is the international segment.”Scotiabank shares gained 0.9% to C$68.39 at 12:18 p.m. in Toronto, while Bank of Montreal plunged 4.1% to C$88.59, its steepest intraday decline since February 2016. Scotiabank is up 0.5% this year, compared with Bank of Montreal’s 0.7% decline and the 3% gain for Canada’s eight-company S&P/TSX Commercial Banks Index.At Scotiabank, the international-banking division earned C$902 million ($682 million), up 90% from a year ago, when results were pared by acquisition costs. Adjusted profit in the division was up 20%, the biggest gain among the Toronto-based lender’s three main segments. Chief Executive Officer Brian Porter has been focusing on the stable Latin American markets of Mexico, Chile, Colombia and Peru, with a recent acquisition in Chile helping drive growth as the bank retreated from other areas.At smaller competitor Bank of Montreal, which has focused on the U.S. for greater growth under CEO Darryl White, the earnings increase at its U.S. personal-and-commercial unit, which includes Chicago-based BMO Harris Bank, cooled to 1.1%. That was the smallest expansion since the fourth quarter of fiscal 2017 and was due to higher loan losses and declining net interest margins. Still, profit from the Toronto-based bank’s overall U.S. operations, which include capital markets and wealth management in the country, was up 17% from a year ago.‘Strong Level’“Our growth in U.S. personal and commercial has really been very, very good over the last few years, and well in excess of peers,” Chief Financial Officer Tom Flynn said in an interview. “We’ve talked about expecting some moderation from the very strong level of growth we’ve had as a reasonable thing to expect, and we’re confident in our ability to continue to outperform peers.”Bank of Montreal expects to do better than its peers in the U.S. even amid an economic backdrop hampered by trade uncertainties, an issue White flagged during a conference call with analysts.“It’s hard to ignore the fact that the trade tensions are creating, first of all, volatility in the markets, as you know well, but also some suppression of growth,” White said. “Our customer base in Canada and the U.S. continues to spend and continues to expand, I would say, a little bit more prudently than perhaps they might have six or 12 months ago.”Scotiabank had adjusted earnings of C$1.88 a share for the three months through July 31, topping analysts’ average estimate of C$1.85, while Bank of Montreal’s adjusted earnings of C$2.38 fell short of the C$2.49 estimate. The miss was driven by higher loan-loss provisions as Canadian consumer losses rose with the migration to a new collections platform, the bank recorded a single large loss from an impaired Canadian commercial loan in the health-care sector and set-asides for performing loans were increased.Loan Losses“Our loan losses were up in the quarter and they were up from low levels in the last two quarters,” Flynn said, adding that that the prior quarters benefited from recoveries. “We do expect the loan losses to be down from the current level that we had in the third quarter as we look out to the fourth quarter.”Bank of Montreal also said Tuesday that it’s winding down its property and casualty reinsurance operations.“In light of the environment in the reinsurance sector, performance is no longer meeting our risk-return expectations and so we’ve made the strategic decision to exit the majority of this business,” White said on his company’s call.(Updates with analyst, executive comments starting in third paragraph.)To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.netTo contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net, ;Michael J. Moore at mmoore55@bloomberg.net, Daniel Taub, Josh FriedmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Scotiabank's international strength buffers it from provisions that hit rival BMO
    Reuters

    Scotiabank's international strength buffers it from provisions that hit rival BMO

    Scotiabank's shares rose 1.7% to C$68.90 in morning trading in Toronto, while BMO dropped 3.3% to C$89.33, its lowest since Jan. 7. Banks in Canada are seeing increased credit provisions on elevated household debt-to-income ratios and struggles in the oil and gas sector, while margins and capital markets businesses face pressure from a global economic slowdown and trade uncertainties. BMO reported a 64.5% jump in loan-loss provisions of during the quarter from a year ago.

  • Credit Suisse (CS) Gets Digitized With Restructuring Moves
    Zacks

    Credit Suisse (CS) Gets Digitized With Restructuring Moves

    Swiss Universal Bank, a unit of Credit Suisse (CS) will transform its branch to a digital branch with the creation of direct banking unit, effective Sep 1.

  • Bank of Nova Scotia (BNS) Q3 Earnings Top Estimates
    Zacks

    Bank of Nova Scotia (BNS) Q3 Earnings Top Estimates

    Bank of Nova Scotia (BNS) delivered earnings and revenue surprises of 2.92% and -0.80%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Reuters

    WRAPUP 2-Scotiabank's international strength buffers it from provisions that hit rival BMO

    Canadian lender Bank of Nova Scotia beat estimates for quarterly profit on Tuesday, as strength in its international division buffered the bank from higher credit provisions, a factor that led rival Bank of Montreal to disappoint. Scotiabank's shares rose 1.7% to C$68.90 in morning trading in Toronto, while BMO dropped 3.3% to C$89.33, its lowest since Jan. 7. Banks in Canada are seeing increased credit provisions on elevated household debt-to-income ratios and struggles in the oil and gas sector, while margins and capital markets businesses face pressure from a global economic slowdown and trade uncertainties.

  • Bloomberg

    Scotiabank’s Overseas Earnings Growth Helps Lender Top Estimates

    (Bloomberg) -- Bank of Nova Scotia is benefiting from its sharpened focus on Latin America.Scotiabank has announced exits from 20 countries and redeployed about C$7 billion of capital in the past four years to focus on key areas such as Mexico, Peru, Chile and Colombia, bringing its international presence down to 34 countries. Still, Scotiabank’s international banking division earned C$902 million ($681 million), up 90% from a year ago to mark the biggest profit gain among the lender’s three main segments. That helped the company beat analysts’ estimates.Key InsightsWhile Scotiabank is Canada’s most international bank, most of its profit still comes from domestic banking. That continued in the quarter, with earnings from Canadian banking rising 2.7% to C$1.16 billion.At Scotiabank’s Global Banking and Markets unit, revenue had declined from a year earlier for the past eight quarters and profit had grown in only two of the periods, prompting National Bank Financial analyst Gabriel Dechaine this month to call the company’s smallest division the “biggest source of disappointment in recent years.” That trend continued as the unit posted earnings of C$374 million, down 15% from a year ago as revenue fell in the fiscal third quarter.Scotiabank latest move in its international retreat was its June agreement to sell its Puerto Rican operations to OFG Bancorp’s Oriental Bank. The announced sale resulted in a C$402 million after-tax loss in the third quarter, compared with its C$400 million guidance in June.Market ReactionScotiabank is down 0.4% this year through Monday, making it the second-worst performer among Canada’s large lenders and underperforming Canada’s eight-company S&P/TSX Commercial Banks Index, which has gained 3.7%.Get MoreNet income for the three months through July 31 rose 2.3% to C$1.98 billion, or C$1.50 a share, from C$1.94 billion, or C$1.55, a year earlier. Adjusted earnings totaled C$1.88 a share, beating the C$1.85 estimate of 14 analysts in a Bloomberg survey.Scotiabank increased its quarterly dividend by 3.4% to 90 Canadian cents.Read more about Scotiabank’s quarterly results here.To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, ;David Scanlan at dscanlan@bloomberg.net, Daniel Taub, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.