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Bank of Nova Scotia (BNS.TO)

BNS.TO on Toronto Stock Exchange

58.24CAD
11 Aug 2020
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Latest Key Developments (Source: Significant Developments)

Scotiabank Reports Q2 Adjusted Earnings Per Share C$1.04
Tuesday, 26 May 2020 

May 26 (Reuters) - Bank of Nova Scotia ::SCOTIABANK REPORTS SECOND QUARTER RESULTS.Q2 EARNINGS PER SHARE C$1.00.Q2 EARNINGS PER SHARE ESTIMATE C$0.98 -- REFINITIV IBES DATA.Q2 ADJUSTED EARNINGS PER SHARE C$1.04.Q2 RESULTS SIGNIFICANTLY IMPACTED BY COVID-19, HAVE REMAINED FULLY OPERATIONAL AND PRIORITIZED HEALTH AND SAFETY OF EMPLOYEES.QUARTER-END RETURN ON EQUITY OF 7.9%, COMPARED TO 13.8%.QUARTER-END ADJUSTED. RETURN ON EQUITY OF 8.2%, COMPARED TO 13.6%."ALL AMOUNTS ARE IN CANADIAN DOLLARS".QTRLY TOTAL REVENUE C$7,956 MILLION VERSUS C$7,803 MILLION.Q2 REVENUE VIEW C$7.77 BILLION -- REFINITIV IBES DATA.  Full Article

Scotiabank Expects International Banking Earnings To Start Growing In Q2, Sees 'High-Single-Digit Growth' In 2020 -Conf Call
Tuesday, 25 Feb 2020 

Feb 25 (Reuters) - Bank of Nova Scotia ::BANK OF NOVA SCOTIA SAYS 'COMMITTED TO MOBILIZING' AROUND $100 BILLION BY 2025 TO REDUCE CLIMATE CHANGE IMPACTS.SCOTIABANK SAYS TOO EARLY TO TELL ON CORONAVIRUS IMPACT, BUT 'DON'T THINK IT'S MATERIAL AT THIS JUNCTURE' -CONF CALL.SCOTIABANK SEES 2% EPS GROWTH, ADJUSTED FOR DIVESTITURES, FOR 2020 -CONF CALL.SCOTIABANK SEES INTERNATIONAL BANKING EXPANSION PICK UP AFTER Q1 AS CHILE BUSINESS GETS BACK TO 'NORMAL' GROWTH RATE.SCOTIABANK EXPECTS INTERNATIONAL BANKING EARNINGS TO START GROWING IN Q2, SEES 'HIGH-SINGLE-DIGIT GROWTH' IN 2020 -CONF CALL.  Full Article

Bank Of Nova Scotia Announces Launch Of Scotia International Money Transfer
Monday, 24 Feb 2020 

Feb 24 (Reuters) - Bank of Nova Scotia ::BANK OF NOVA SCOTIA - ANNOUNCED LAUNCH OF SCOTIA INTERNATIONAL MONEY TRANSFER.  Full Article

Scotiabank Announces Certain Items Impacting Q1 Reported Results
Tuesday, 7 Jan 2020 

Jan 6 (Reuters) - Bank of Nova Scotia ::SCOTIABANK ANNOUNCES CERTAIN ITEMS IMPACTING FIRST QUARTER REPORTED RESULTS INCLUDING THE GAIN ON THE SALE OF ITS OPERATIONS IN THAILAND.BANK OF NOVA SCOTIA - CERTAIN ITEMS WILL CUMULATIVELY BENEFIT ITS Q1 RESULTS BY ABOUT $175 MILLION AFTER-TAX..BANK OF NOVA SCOTIA - ITEMS IMPACTING Q1 RESULTS INCLUDE GAIN ON SALE OF THAILAND, ALLOWANCE FOR CREDIT LOSSES.  Full Article

Ofg Receives Regulatory Approval For Acquisition Of Scotiabank Operations In U.S. Virgin Islands
Tuesday, 17 Dec 2019 

Dec 16 (Reuters) - OFG Bancorp ::OFG RECEIVES REGULATORY APPROVAL FOR ACQUISITION OF SCOTIABANK OPERATIONS IN US VIRGIN ISLANDS.OFG BANCORP - OFG EXPECTS TO COMPLETE ACQUISITION BY DECEMBER 31, 2019.  Full Article

Scotiabank Reports Q4 Adjusted Earnings Per Share Of $1.82
Tuesday, 26 Nov 2019 

Nov 26 (Reuters) - Bank of Nova Scotia ::SCOTIABANK REPORTS FOURTH QUARTER AND 2019 RESULTS.Q4 EARNINGS PER SHARE C$1.73.Q4 EARNINGS PER SHARE ESTIMATE C$1.82 -- REFINITIV IBES DATA.QTRLY RETURN ON EQUITY OF 13.3% COMPARED TO 13.8%.QTRLY NET INTEREST INCOME $4,336 MILLION VERSUS $4,220 MILLION.QTRLY TOTAL REVENUE $7,968 MILLION VERSUS $7,448 MILLION.QTRLY PROVISION FOR CREDIT LOSSES WAS $753 MILLION, AN INCREASE OF $163 MILLION OR 28%.QTRLY ADJUSTED EARNINGS PER SHARE $1.82.  Full Article

Scotiabank Signs Definitive Agreement To Reduce Its Investment In Thailand
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Bank of Nova Scotia ::SCOTIABANK SIGNS DEFINITIVE AGREEMENT TO REDUCE ITS INVESTMENT IN THAILAND.BANK OF NOVA SCOTIA - AT DEAL CLOSING, BANK WILL RECORD A GAIN IN OTHER SEGMENT OF APPROXIMATELY $300 MILLION AFTER-TAX.BANK OF NOVA SCOTIA - SCOTIABANK WILL REDUCE ITS 49% INTEREST IN TBANK.BANK OF NOVA SCOTIA - SCOTIABANK WILL SELL INTERESTS IN TBANK IN EXCHANGE FOR CASH & SHARES IN TMB RESULTING FROM SUBSEQUENT MERGER OF TMB AND TBANK.BANK OF NOVA SCOTIA - WILL RETAIN A 49% INTEREST IN TWO TBANK SUBSIDIARIES THAT ARE EXPECTED TO BE SUBSEQUENTLY SOLD IN 2020.  Full Article

BNP Paribas Signs Strategic Partnership In Latin America To Insure Clients Of Canada's Scotiabank
Thursday, 25 Jul 2019 

July 25 (Reuters) - BNP Paribas SA ::BNP PARIBAS SIGNS STRATEGIC PARTNERSHIP IN LATIN AMERICA TO INSURE CLIENTS OF CANADA'S SCOTIABANK.BNP PARIBAS SIGNS STRATEGIC INSURANCE PARTNERSHIP IN LATIN AMERICA WITH CANADA'S SCOTIABANK FOR 15 YEARS.BNP PARIBAS, SCOTIABANK TO DEVELOP INSURANCE FOR 9 MILLION SCOTIABANK CLIENTS IN CHILE, COLOMBIA, MEXICO, PERU.  Full Article

Scotiabank And BNP Paribas Cardif Announce Strategic Alliance
Thursday, 25 Jul 2019 

July 25 (Reuters) - Bank of Nova Scotia ::SCOTIABANK AND BNP PARIBAS CARDIF ANNOUNCE BANCASSURANCE STRATEGIC ALLIANCE IN PACIFIC ALLIANCE COUNTRIES BENEFITTING APPROXIMATELY 9 MILLION CUSTOMERS.BANK OF NOVA SCOTIA - ALLIANCE INCLUDES INVESTMENTS OF CAD$30 MILLION BY BNP PARIBAS CARDIF TO FURTHER DEVELOP SCOTIABANK'S DIGITAL CAPABILITIES.BANK OF NOVA SCOTIA - ALLIANCE TO CONTRIBUTE TO INTERNATIONAL BANKING BUSINESS WHERE BANK CONTINUES TO GROW EARNINGS ABOVE MEDIUM-TERM TARGET OF 9% PLUS.  Full Article

Scotiabank Sells Operations In Puerto Rico And U.S. Virgin Islands To Oriental Bank
Thursday, 27 Jun 2019 

June 26 (Reuters) - Bank of Nova Scotia ::PRESS RELEASE - SCOTIABANK ANNOUNCES THE SALE OF ITS OPERATIONS IN PUERTO RICO AND THE U.S. VIRGIN ISLANDS TO ORIENTAL BANK, A SUBSIDIARY OF OFG BANCORP.BANK OF NOVA SCOTIA - AS A RESULT OF ANNOUNCED DEAL AND AS REQUIRED UNDER IFRS, BANK WILL RECORD A LOSS OF APPROXIMATELY $400 MILLION AFTER-TAX IN Q3.BANK OF NOVA SCOTIA - MAJORITY OF THIS LOSS REPRESENTS CARRYING VALUE OF GOODWILL RELATING TO PUERTO RICO.BANK OF NOVA SCOTIA - UPON DEAL CLOSING, AFTER-TAX GAIN OF ABOUT $50 MILLION WILL BE RECORDED RELATING TO ACCUMULATED FOREIGN CURRENCY TRANSLATION GAINS, OTHER.BANK OF NOVA SCOTIA - WITH THIS DEAL "REPOSITIONING OF OUR INTERNATIONAL FOOTPRINT WILL BE SUBSTANTIALLY COMPLETE".  Full Article

Scotiabank to allow most head office employees to work remotely until 2021

July 28 Bank of Nova Scotia said on Tuesday that it has asked most of its employees in its head office to continue to work remotely until 2021 with the COVID-19 pandemic forcing companies to adopt work from home globally.