The Bank of Nova Scotia
BNS.TO
Toronto Stock Exchange123.49
CAD
+1.10
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The Bank of Nova Scotia
BNS.TO
(Toronto Stock Exchange)
Recent
price
123.49
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- The Bank of Nova Scotia (Scotiabank) operates as a Canadian multinational banking and financial services company, providing a broad range of personal, commercial, corporate, and investment banking products and services through its four primary business segments: Canadian Banking; International Banking; Global Wealth Management; and Global Banking and Markets. Canadian Banking offers retail banking solutions including debit and credit cards, chequing and savings accounts, investments, mortgages, personal loans, creditor insurance, loyalty programs, and automotive financing to individual clients, alongside business banking services such as lending, deposits, and cash management for small and medium enterprises, commercial banking with trade finance and the Roynat franchise for innovative financing, and digital banking via Tangerine Bank with fee-free chequing, savings, credit cards, mortgages, loans, and investments. International Banking delivers retail, corporate, and commercial financial products, advisory services, lending, deposits, and cash management primarily in Latin America (Mexico, Peru, Chile, Colombia, Uruguay), the Caribbean, and Central America; Global Wealth Management provides personalized wealth advice, investment solutions, and insurance across 13 countries; while Global Banking and Markets offers wholesale services including corporate lending, transaction banking (payments, trade finance, cash management), investment banking (mergers and acquisitions, corporate finance), fixed income and equity underwriting, sales and trading, prime brokerage, foreign exchange, commodity derivatives, and collateral management to corporate, government, and institutional clients in Canada, Mexico, the U.S., Latin America, Europe, and Asia-Pacific. Founded in 1832 and headquartered in Toronto, Ontario, Scotiabank serves over 25 million customers globally with approximately $1.5 trillion in assets, more than 89,000 employees, and operations spanning Canada, the United States, Mexico, Latin America, the Caribbean, Central America, and select markets in Europe and Asia-Pacific. Recent strategic changes include a December 2023 Investor Day strategy emphasizing growth in priority North American markets (Canada, U.S., Mexico), client primacy, operational simplification with digital and cross-border investments, and team unity via the ScotiaBond initiative; an August 2024 agreement to acquire a 14.9% stake in KeyCorp for $2.8 billion to enhance U.S. presence, expected to close in early 2025 pending regulatory approval; a January 2025 deal to transfer banking operations in Colombia, Costa Rica, and Panama to Davivienda in exchange for a 20% stake, alongside acquiring the remaining 43.9% of Scotiabank Colpatria in Colombia; and a June 2025 appointment of Alton McDowell as Global Head of Corporate Banking.
Scotiabank to Acquire MapleMark Bank to Support Strategic Growth in Global Banking and Markets Business
BMO, Scotiabank and National Bank all beat estimates in Q2
Scotiabank kicks off Canadian bank earnings with fiscal first quarter beat