The Bank of Nova Scotia (BNS)
| Market Cap | 59.21B |
| Revenue (ttm) | 24.42B |
| Net Income (ttm) | 5.52B |
| Shares Out | 1.22B |
| EPS (ttm) | 4.46 |
| PE Ratio | 10.84 |
| Forward PE | 7.41 |
| Dividend | $3.12 (6.45%) |
| Ex-Dividend Date | Apr 1, 2024 |
| Volume | 111,652 |
| Open | 48.19 |
| Previous Close | 48.39 |
| Day's Range | 48.23 - 48.42 |
| 52-Week Range | 39.80 - 51.98 |
| Beta | 0.98 |
| Analysts | Sell |
| Price Target | 68.50 (+41.54%) |
| Earnings Date | May 28, 2024 |
About BNS
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solu... [Read more]
Financial Performance
In 2023, BNS's revenue was 32.31 billion, an increase of 2.84% compared to the previous year's 31.42 billion. Earnings were 6.99 billion, a decrease of -27.60%.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for BNS stock is "Sell." The 12-month stock price forecast is $68.5, which is an increase of 41.54% from the latest price.
News
Scotiabank Names Travis Machen to Head Global Markets Unit
Canada's Scotiabank has a new CEO for its global banking and markets (GBM) business. Travis Machen, who joins the bank from Morgan Stanley, is set to take on his new position on May 6, Scotiabank anno...
Scotiabank appoints Travis Machen to lead Global Banking and Markets business
TORONTO , April 29, 2024 /PRNewswire/ - Scotiabank today announced that Travis Machen has been appointed CEO and Group Head of its Global Banking and Markets (GBM) business, effective May 6, 2024. In ...
Scotiabank CEO flags elections in US, Mexico undermining decision making
Canadian lender Bank of Nova Scotia on Tuesday warned that upcoming elections in the U.S. and Mexico are creating political uncertainty, challenging the bank's long-term business decision-making abili...
Scotiabank Accelerates its Cloud Adoption Strategy Through an Expanded Partnership with Google Cloud
Scotiabank's use of Google Cloud will enhance the Bank's commitment to its clients' digital experiences TORONTO and SUNNYVALE, Calif., April 8, 2024 /PRNewswire/ - Scotiabank today announced an expa...
Scotiabank's Mexico bet eyeing $1.6 trillion N.America trade is riddled with risks
Bank of Nova Scotia (Scotiabank) is eying North America's booming $1.6 trillion trade with its renewed Mexico bet, a strategy that offers hope but brings risks that have seen many global lenders inclu...
Scotiabank's new CEO must sell investors on his plan to boost Latam profits
Bank of Nova Scotia CEO Scott Thomson will face shareholders for the first time on Wednesday since taking the job with expectations running high for the Canadian lender to outline a plan to fix its st...
Scotiabank misses quarterly profit forecasts, sees 'marginal' growth in 2024
Bank of Nova Scotia on Tuesday forecast its earnings will rise "marginally" in 2024, after the Canadian lender missed fourth-quarter profit estimates as uncertain economic climate prompted it to set a...
Scotiabank Announces Senior Leadership Appointments
Barb Mason, Group Head and Chief Human Resources Officer (CHRO) to retire at the end of 2023 Jenny Poulos appointed to Deputy CHRO, effective October 2, 2023, and CHRO, effective December 4, 2023 Aris...
These 20 dividend-paying stocks get a double boost from declining interest rates
Bonds will do well if U.S. interest rates decline in coming months. What you may not appreciate is that dividend-paying stocks are likely to do even better.
Bank of Nova Scotia posts second-quarter profit decline on higher provisions
The Bank of Nova Scotia reported a drop in second-quarter profit on Wednesday after the Canadian lender set aside higher provisions.
Banks win dismissal of U.S. silver price-fixing litigation
A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc and Bank of Nova Scotia of conspiring to fix silver prices.
HSBC, Scotiabank hit with US penalties for recordkeeping violations
U.S. regulators hit units of Bank of Nova Scotia and HSBC Holdings with civil penalties for widespread recordkeeping violations through the use of personal apps for work communications.
Scotiabank names Thomson as chief executive officer
Bank of Nova Scotia said on Monday it appointed Scott Thomson to succeed Chief Executive Officer Brian Porter, at a time when the Canadian banking sector is struggling with market turmoil and rising i...
Scotiabank announces Brian J. Porter's retirement, names Scott Thomson as President and Chief Executive Officer
TORONTO , Sept. 26, 2022 /PRNewswire/ - Scotiabank today announced Brian Porter's decision to retire as President and Chief Executive Officer, effective January 31, 2023.
Bank of Nova Scotia misses quarterly profit estimates
Bank of Nova Scotia reported third-quarter profit a touch below estimates on Tuesday, but earnings rose from a year earlier lifted by continued strength in lending both at home and in its internationa...
Canadian banks face Q3 earnings declines on provisions, markets woes
Canadian banks are expected to post declines in profits on average in the third quarter as a murky economic outlook drives up provisions for credit losses (PCL) while market turmoil pressures capital ...
Scotiabank and BNP Paribas launch structured products on MSCI Food Revolution and Ageing Society Indexes
MEXICO CITY--(BUSINESS WIRE)--Scotiabank announced the launch of Quanto MXN-denominated structured notes linked to MSCI Food Revolution and Ageing Society Indexes. The offerings mark the first-ever la...
CORRECTING and REPLACING Scotiabank Partners with National Theatre School of Canada to Support Drama in Education and the Next Generation of Talent Nationwide
MONTREAL, Quebec--(BUSINESS WIRE)--Please replace the release dated June 28, 2022 with the following corrected version due to multiple revisions. The updated release reads: SCOTIABANK PARTNERS WITH NA...
Scotiabank Partners with National Theatre School of Canada to Support Drama in Education and the Next Generation of Talent Nationwide
MONTREAL, Quebec--(BUSINESS WIRE)--The National Theatre School of Canada (NTS) today announced a partnership with Scotiabank, beginning next year. The three-year funding commitment will support high s...
Citi, Bank of America among 12 banks to provide financing for JFK Terminal One construction
A total of 12 banks including U.S. lenders Bank of America Corp. BAC, -3.88% and Citigroup Inc. C, -4.52% have teamed up to provide financing to build the new $9.5 billion, 2.4 million square foot Ter...
Scotiabank CEO criticizes government bank tax, misses AGM due to COVID
Bank of Nova Scotia Chief Executive Officer Brian Porter criticised the Canadian government's proposed bank tax in prepared remarks to shareholders on Tuesday, calling them a "knee-jerk reaction that ...
Canada's Scotiabank, BMO join rivals in beating profit expectations
Bank of Nova Scotia (Scotiabank) and Bank of Montreal (BMO) joined their Canadian rivals in beating analysts' expectations for first-quarter profits on Tuesday.
Scotiabank to begin letting employees return to office in mid-March
Bank of Nova Scotia said on Friday it will let employees return to the majority of its Canadian offices on a voluntary basis from March 14 as COVID-19 curbs lift across the country.
Scotiabank investors see Citi's Mexican unit as good fit, CEO downplays interest
Bank of Nova Scotia (Scotiabank) shareholders are urging Canada's No. 3 lender to seriously examine the Mexican consumer banking unit being sold by Citigroup, arguing it would benefit from scaling up ...
PureFacts Announces the Closing of a $37 Million Financing Round
TORONTO--(BUSINESS WIRE)--PureFacts Financial Solutions announces the closing of $37 million in strategic financing from Canadian Business Growth Fund (CBGF), The Bank of Nova Scotia and Round13 Capit...