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 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
84% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 32
3% more funds holding
Funds holding: 403 [Q3] → 417 (+14) [Q4]
8% more repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 134
5% less capital invested
Capital invested by funds: $30.9B [Q3] → $29.4B (-$1.43B) [Q4]
1.75% less ownership
Funds ownership: 46.19% [Q3] → 44.44% (-1.75%) [Q4]
8% less funds holding in top 10
Funds holding in top 10: 25 [Q3] → 23 (-2) [Q4]
38% less call options, than puts
Call options by funds: $513M | Put options by funds: $824M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$74
47%
upside
Avg. target
$74
47%
upside
High target
$74
47%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
RBC Capital Rishi Jaluria 50% 1-year accuracy 39 / 78 met price target | 47%upside $74 | Sector Perform Maintained | 4 Dec 2024 |
Financial journalist opinion
Positive
Seeking Alpha
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Positive
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Negative
Reuters
1 month ago
Scotiabank joins major Canadian lenders quitting global climate coalition
Bank of Nova Scotia on Monday joined some of Canada's biggest lenders to walk away from a global banking sector climate coalition, a move that followed the withdrawal led by six major U.S. banks.
Positive
The Motley Fool
1 month ago
Want Decades of Passive Income? 3 Stocks to Buy Right Now
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Positive
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In December, I invested around $1,200 primarily in Business Development Companies, boosting my annual dividend income by $131 with a full-year total of almost $1,700.
Positive
Zacks Investment Research
1 month ago
Scotiabank to Transfer Latin American Banking Operations to Davivienda
BNS agrees to transfer its Latin American banking arms to Davivienda for a roughly 20% stake. This aligns with the bank's efforts to boost efficiency.
Positive
Proactive Investors
1 month ago
Scotiabank completes $2B investment in KeyCorp
Scotiabank (TSX:BNS) announced that it has finalized its acquisition of an additional ownership stake in KeyCorp (NYSE:KEY), solidifying its position as a significant shareholder in the US-based financial institution. The Toronto-based bank said that with regulatory approval from the Federal Reserve Board, Scotiabank (TSX:BNS) acquired approximately 10% pro-forma ownership through newly issued common shares at $17.17 per share, totaling $2 billion.
Neutral
PRNewsWire
1 month ago
KEYCORP AND SCOTIABANK COMPLETE STRATEGIC MINORITY INVESTMENT
CLEVELAND , Dec. 27, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced that The Bank of Nova Scotia ("Scotiabank") has completed its purchase of KeyCorp's common stock with an investment of approximately $2.0 billion, as expected. With this investment, Scotiabank (TSX: BNS) (NYSE: BNS) now owns approximately 14.9% of KeyCorp's common stock.
Positive
Seeking Alpha
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2 Magnificent Yields Up To 7.5%
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