Scotiabank
About: Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.
Employees: 88,488
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
44% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 39
41% more funds holding in top 10
Funds holding in top 10: 17 [Q2] → 24 (+7) [Q3]
35% more call options, than puts
Call options by funds: $1.05B | Put options by funds: $775M
17% more capital invested
Capital invested by funds: $26B [Q2] → $30.5B (+$4.5B) [Q3]
4% more funds holding
Funds holding: 384 [Q2] → 401 (+17) [Q3]
0.19% less ownership
Funds ownership: 45.87% [Q2] → 45.69% (-0.19%) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 139
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$74
38%
upside
Avg. target
$74
38%
upside
High target
$74
38%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
RBC Capital Rishi Jaluria 56% 1-year accuracy 43 / 77 met price target | 38%upside $74 | Sector Perform Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 13 articles about BNS published over the past 30 days
Positive
Zacks Investment Research
2 days ago
SHG vs. BNS: Which Stock Is the Better Value Option?
Investors interested in stocks from the Banks - Foreign sector have probably already heard of Shinhan Financial (SHG) and Bank of Nova Scotia (BNS). But which of these two companies is the best option for those looking for undervalued stocks?
Positive
Seeking Alpha
3 days ago
My Dividend Stock Portfolio: New November Dividend Record - 97 Holdings With 18 Buys
In November, I invested $1,400 primarily in Business Development Companies, boosting my yearly dividend income by $148, with a YTD total exceeding $1,400. My portfolio achieved all-time highs, driven by a strong earnings season and a dovish Fed, with BDCs like Goldman Sachs BDC and Blackstone Secured Lending Fund as key picks. November's dividend income hit a record $620, a 20% Y/Y growth, mainly due to ongoing investments into Hercules Capital.
Positive
Market Watch
1 week ago
Fed clears KeyCorp's $2 billion cash infusion from Scotiabank earlier than expected and its stock is up
Analyst hails Fed's quicker-than-expected OK of the investment in KeyCorp from Bank of Nova Scotia as a good sign for more deal-making
Neutral
The Motley Fool
1 week ago
1 Magnificent High-Yield Bank Stock Stock Down 25% to Buy and Hold Forever
Bank of Nova Scotia (BNS -1.06%), often just called Scotiabank, isn't particularly well known in the U.S., where it has only a minimal presence. This is one of the key reasons the giant Canadian bank's stock is down roughly 25% from its 2022 high-water mark.
Neutral
PRNewsWire
1 week ago
KEYCORP AND SCOTIABANK RECEIVE REGULATORY APPROVAL TO COMPLETE STRATEGIC MINORITY INVESTMENT
CLEVELAND , Dec. 13, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that all required regulatory approvals have been received for completion of The Bank of Nova Scotia's ("Scotiabank") strategic minority investment in Key as announced on August 12, 2024. The Board of Governors of the Federal Reserve System (the "Federal Reserve") approved the approximately 10% remaining investment by Scotiabank, which is expected to close in 2024.
Positive
Reuters
1 week ago
Fed approves Scotiabank bid to acquire voting shares in KeyCorp
The U.S. Federal Reserve said on Thursday it had approved an application by Scotiabank to buy up to 14.99% of the voting shares in U.S. regional lender KeyCorp , as the Canadian bank looks to boost its exposure to developed markets.
Positive
Seeking Alpha
1 week ago
Scotiabank: Unlock Value With A 5.4% Yield And Strategic Growth
Scotiabank's diversified revenue streams and strategic focus on value over volume have driven strong fiscal Q4 2024 results. The bank's robust balance sheet, with a 13.1% CET1 capital ratio and A+ credit rating, supports a well-covered 5.4% dividend yield. Trading at a forward P/E of 11.2, below its historical average, BNS stock appears undervalued relative to its growth prospects and offers solid total return potential.
Positive
Seeking Alpha
1 week ago
Scotiabank: Still Time To Buy This High-Yielding Blue-Chip Now
Scotiabank's total returns have continued to outpace the S&P 500 index in recent months. The Canadian bank's fiscal fourth-quarter results backed up a positive outlook for at least the next couple of fiscal years. Scotiabank enjoys A credit ratings from each of the major rating agencies.
Neutral
Seeking Alpha
2 weeks ago
The Bank of Nova Scotia (BNS) Q4 2024 Earnings Call Transcript
The Bank of Nova Scotia (NYSE:BNS ) Q4 2024 Earnings Call Transcript December 3, 2024 8:00 AM ET Company Participants John McCartney - Head of IR Scott Thomson - President and CEO Raj Viswanathan - CFO Phil Thomas - CRO Francisco Aristeguieta - Group Head, International Banking Conference Call Participants Ebrahim Poonawala - Bank of America Gabriel Dechaine - National Bank Financial Matthew Lee - Canaccord Genuity Paul Holden - CIBC John Aiken - Jefferies Mario Mendonca - TD Securities Lemar Persaud - Cormark Jill Shea - UBS Sohrab Movahedi - BMO Capital Markets John McCartney Good morning, and welcome to Scotiabank's 2024 Fourth Quarter Results Presentation, and apologies for our late start this morning. My name is John McCartney, and I'm Head of Investor Relations here at Scotiabank.
Negative
Investopedia
2 weeks ago
Scotiabank's Earnings Fall Short as it Takes Charge on Chinese Bank Investment
The Bank of Nova Scotia (BNS) reported fourth-quarter earnings that narrowly missed analyst estimates on Tuesday.
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