|Bid||70.62 x 0|
|Ask||70.63 x 0|
|Day's Range||69.99 - 70.82|
|52 Week Range||66.36 - 78.60|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||10.54|
|Earnings Date||Aug 27, 2019|
|Forward Dividend & Yield||3.48 (5.08%)|
|1y Target Est||77.58|
Bank of Nova Scotia NYSE:BNSView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for BNS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BNS. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold BNS had net inflows of $1.20 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. BNS credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
More than 10,000 racers participated in the 16th Annual Scotiabank Blue Nose Marathon, raising over $500,000 for local community charities
TORONTO , June 4, 2019 /CNW/ - Scotia Global Asset Management today announced a non-cash distribution for the Scotia Strategic Fixed Income ETF Portfolio listed on the TSX. The non-cash distribution, as presented in the table below, will be made to all securityholders of record as at May 31, 2019 , payable on June 7, 2019 . The portfolio was considered a "financial institution" for purposes of the "mark-to-market" rules contained in the Income Tax Act ( Canada ). The portfolio ceased to be a financial institution when not more than 50% of the portfolio was held by one or more financial institutions which resulted in a deemed year-end for tax purposes.
Bank of Nova Scotia (BNS) posted lackluster results in the first two quarters of fiscal 2019. Consequently, the stock has lost 15% since it peaked in September and is now trading around its three-year lows. Warning! GuruFocus has detected 8 Warning Signs with MSFT.
The market has been volatile in the last 6 months as the Federal Reserve continued its rate hikes and then abruptly reversed its stance and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF […]
TORONTO , May 30, 2019 /CNW/ - Today, Scotiabank announced its signing of both the UN LGBTI (lesbian, gay, bi, trans and intersex) Standards for Business Conduct and the UN Women's Empowerment Principles (WEPs), further demonstrating the Bank's continued commitment to Diversity and Inclusion and the alignment to the Bank's Sustainable Business strategy, launched in its 2018 Sustainable Business report. "Scotiabank is committed to being an inclusive employer and an advocate for women and members of the LGBTI community.
TORONTO , May 30, 2019 /CNW/ - The Bank of Nova Scotia ("Scotiabank") (TSX, NYSE: "BNS") announced today that the Toronto Stock Exchange ("TSX") and the Office of the Superintendent of Financial Institutions ("OSFI") have approved its normal course issuer bid to purchase up to 24 million of its Common Shares. This represents approximately two per cent of the 1,222,156,667 Common Shares issued and outstanding as of May 24, 2019 . Scotiabank believes that the purchase of its Common Shares at market prices may be an appropriate use of its funds to generate shareholder value, as well as for capital management purposes.
Scotiabank Announces Redemption of Scotia BaTS III Series 2009-1 by Scotiabank Tier 1 Trust
The big shareholder groups in The Bank of Nova Scotia (TSE:BNS) have power over the company. Institutions often own...
Bank of Nova Scotia, Canada's third-biggest lender, on Tuesday missed analysts' estimates for second-quarter profit and forecast low-single-digit growth in mortgages this year, citing a slow start to the domestic housing market. Scotiabank's quarterly profit miss, which was the third in a row, was due to a surge in non-interest expenses and provisions for bad loans that offset gains from its international banking unit. Adjusted non-interest expenses rose 7.7% to about C$4 billion in the quarter from a year earlier, while its provisions for credit losses - the money set aside to cover bad loans - surged 35% to C$722 million ($535.9 million).
Canada’s third-largest lender by assets set aside more money for soured loans in its Canadian banking and international divisions, leading to a 63% jump in provisions across the bank. Provisions for credit losses were higher than analysts’ estimates at C$873 million ($648 million), including C$151 million tied to takeovers in Peru and the Dominican Republic.
Canada's main stock index dipped at open on Tuesday, as losses in shares of Bank of Nova Scotia dragged down financials. * At 9:30 a.m. ET , the Toronto Stock Exchange's S&P/TSX Composite index was down ...
The bank, based in Toronto, said it had earnings of $1.30 per share. Earnings, adjusted for non-recurring gains, were $1.28 per share. The results did not meet Wall Street expectations. The average estimate ...
TORONTO , May 28, 2019 /CNW/ - The Bank of Nova Scotia ("Scotiabank") (TSX, NYSE: "BNS") announced today its intention to seek Toronto Stock Exchange ("TSX") approval for a normal course issuer bid to purchase up to 24 million of its Common Shares. This represents approximately two per cent of the Common Shares issued and outstanding as of May 24, 2019 . Scotiabank believes that the purchase of its Common Shares at market prices may be an appropriate use of its funds to generate shareholder value, as well as for capital management purposes.
Bank of Nova Scotia, Canada's third-biggest lender, reported a 1.4% rise in adjusted second-quarter profit on Tuesday, due to higher interest income. Scotiabank reported adjusted net profit attributable ...
Calgary women lead the pack of more than 9,000 racers celebrating the 55th anniversary of the Scotiabank Calgary Marathon
TORONTO , May 24, 2019 /CNW/ - Tonight, at the Beyond Boundless event, in support of the SickKids Herbie Fund, Scotiabank announced a new $1 million donation to support Phase Two of the SickKids-Caribbean Initiative, a project with a goal of helping to build a sustainable program to diagnose and treat paediatric cancer and serious blood disorders in the Caribbean . The initiative – in which Scotiabank is recognized as the Telemedicine Partner – connects doctors at The Hospital for Sick Children (SickKids) in Toronto with doctors in six countries in the Caribbean to help improve – and in many cases, save the lives of young people. In addition, medical professionals across the Caribbean have access to participate in educational programming in Canada without ever setting foot on a plane.
Scotia Global Asset Management announces May 2019 cash distribution for Scotia Strategic Fixed Income ETF Portfolio