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|
|Earnings Date||Feb 6, 2017 - Feb 10, 2017|
|Forward Dividend & Yield||2.49 (4.64%)|
|1y Target Est||72.27|
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.
TORONTO , Jan. 11, 2019 /CNW/ - The Bank of Nova Scotia ("Scotiabank") (TSX, NYSE: "BNS") today announced an offering of $1.75 billion of 3.89% Subordinated Debentures (Non-Viability Contingent Capital (NVCC)) due 2029 (the "Debentures") pursuant to its July 25, 2018 base shelf prospectus. The Debentures, to be sold through an agency syndicate led by Scotiabank Global Banking & Markets, are expected to be issued on January 18 , 2019. Interest will be payable semi-annually from the date of issue until January 18, 2024 at 3.89% per annum. From January 18, 2024 to maturity on January 18, 2029 , the Debentures will pay a quarterly coupon at a rate of the 90 day bankers' acceptance plus 1.58%, beginning April 18, 2024 . On or after January 18, 2024 , Scotiabank may, at its option, with the prior approval of the Superintendent of Financial Institutions ( Canada ), redeem the Debentures, in whole at any time or in part from time to time on not less than 30 nor more than 60 days' prior notice, at a redemption price of par plus accrued and unpaid interest.
TORONTO , Jan. 11, 2019 /CNW/ - Global growth is moderating and coming off peaks achieved in 2017-18. This long predicted development reflects in part tightening by central banks, a natural cooling of the pace of growth, and the impacts of elevated uncertainty owing to developments in financial markets and the evolution of the China-US trade war. "The decline in equity markets and movements in certain parts of the yield curve over the last few months suggests a clear disconnect between economic prospects as evaluated by markets and those forecast by economists," said Jean-François Perrault, Senior Vice President and Chief Economist at Scotiabank.
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.
Scotiabank's President and CEO to Speak at RBC Capital Markets Canadian Bank CEO Conference
Scotia Global Asset Management announces final year-end cash distributions for Scotia Strategic ETF Portfolios
Scotia Global Asset Management announces final year-end reinvested distributions for Scotia Strategic ETF Portfolios
TORONTO , Dec. 21, 2018 /CNW/ - Scotiabank (BNS: TSX, NYSE) today announced that it intends to exercise its right to redeem all outstanding Non-cumulative 5-Year Rate Reset Preferred Shares Series 22 of Scotiabank (the "Series 22 Shares") and Non-cumulative Floating Rate Preferred Shares Series 23 of Scotiabank (the "Series 23 Shares") on January 28, 2019 , at a price equal to $25.00 per share, together with all declared and unpaid dividends. On November 27, 2018 , the Board of Directors of Scotiabank announced a quarterly dividend of $0.239375 per Series 22 Share, and $0 .215885 per Series 23 Share. Scotiabank is Canada's international bank and a leading financial services provider in the Americas.
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.
Scotia Global Asset Management announces estimated year-end cash distributions for Scotia Strategic ETF Portfolios
Scotia Global Asset Management announces estimated year-end reinvested distributions for Scotia Strategic ETF Portfolios
TORONTO and SANTO DOMINGO , Dec. 20, 2018 /CNW/ - Scotiabank announced today that it has reached an agreement for the sale of Scotia Crecer AFP and Scotia Seguros, its pension and related insurance businesses in the Dominican Republic , to Grupo Rizek (the "Group"), subject to regulatory approvals and customary closing conditions. This transaction, along with the agreement to acquire Banco Dominicano del Progreso (pending regulatory approval and closing conditions), supports the Bank's strategic decision to focus its Caribbean operations on core markets. Grupo Rizek is one of the largest and most prominent diversified business groups in the Dominican Republic with a long-standing, solid reputation in agribusiness and the financial services industry.
TORONTO , Dec. 13, 2018 /CNW/ - Scotia Wealth Management was named Best Private Bank in the world for individuals with a Net Worth between $1 million and $24 million by Global Finance magazine, for its expertise in serving the specialized needs of these individuals as they seek to grow, preserve, and pass on their wealth. Scotia Wealth Management also won five Country Awards from Global Finance, including Best Private Bank in Peru , Jamaica and the Cayman Islands . The World's Best Private Bank awards identify "…the wealth management teams that are responding most effectively to the mix of challenges and opportunity that characterizes private banking at the start of the 21st century," says Joseph D. Giarraputo , Global Finance magazine, publisher and editorial director.
Scotiabank extends partnership with QED Investors to promote FinTech growth in Latin America
TORONTO , Dec. 5, 2018 /CNW/ - Scotiabank today launched The Scotiabank Women Initiative™, a comprehensive program that will advance women-led businesses in Canada through access to capital, education and mentorship. Academic research and Scotiabank's own exploration has shown that women business leaders face significant challenges in achieving growth. Scotiabank is confronting this issue by offering meaningful support to female entrepreneurs in order to help them take their businesses to the next level.
Jake Lawrence and James Neate appointed to lead Scotiabank's Global Banking and Markets Business
TORONTO , Nov 29, 2018 /CNW/ - Scotia Global Asset Management today announced the estimated year-end reinvested distributions for the Scotia Strategic ETF Portfolios listed on the TSX for the 2018 tax year.
Scotiabank Announces New Partnership to deliver Enhanced Insurance Services in Jamaica and Trinidad & Tobago and to refocus its Caribbean Operations by Divesting Operations in 9 countries
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 ...
Scotia Global Asset Management announces November 2018 cash distribution for Scotia Strategic Fixed Income ETF Portfolio