Bank of Nova Scotia

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Scotiabank's Earnings Fall Short as it Takes Charge on Chinese Bank Investment

 

https://www.investopedia.com/scotiabank-earnings-fall-short-8754300

 

Fed genehmigt Angebot der Scotiabank zur Übernahme der stimmberechtigten Anteile an KeyCorp.

 

https://de.marketscreener.com/kurs/aktie/KEYCORP-40311107/news/Fed-genehmigt-Angebot-der-Scotiabank-zur-Ubernahme-der-stimmberechtigten-Anteile-an-KeyCorp-48583533/

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Scotiabank transfers some Latin American assets to Colombia's Davivienda for 20% stake.

 

https://www.reuters.com/business/finance/scotiabank-obtains-20-stake-colombias-davivienda-with-operations-handover-2025-01-06/

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Bank of Nova Scotia (TSE:BNS) Has Announced A Dividend Of CA$1.06.

 

https://finance.yahoo.com/news/bank-nova-scotia-tse-bns-111500529.html

[Mithrandir77]

Scotiabank to focus on North America despite trade uncertainty, CEO Scott Thomson says

 

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Bank of Nova Scotia is keeping its focus squarely on North America. That’s according to CEO Scott Thomson, who joined BNN Bloomberg for an interview on Wednesday.

Thomson, who has held the top job at Scotia since 2023, says Scotia’s strategy focuses on “redeployment of capital from developing markets to developed markets, with focus on the North American quarter with Canada first, U.S. second and Mexico third.”

The bank released quarterly results this week, numbers that showed the lender beat analysts' expectations on most metrics. During the quarter, Scotia put that capital redeployment plan into action, buying a nearly 15 per cent stake in Cleveland-based lender Keycorp, while also merging Scotia’s assets in Panama, Colombia and Costa Rica into the second largest bank in Colombia.

“The objective here is to do what is right for shareholders,” Thomson said of the Latin American consolidation.

Thomson said the bank is keeping an eye on the economic environment, adding his team “cannot control what is coming out of the White House,” but will continue to plan for growth while remaining conservative.

Thomson said he is very confident on the bank’s presence south of the border. However, when it comes to deploying capital into Mexico he says the team is waiting to see what the new administration is going to do.

“If the U.S. wants to achieve its geopolitical ambitions, resources in Canada and labour availability in Mexico will be important. For us to have a place in these three countries will be an important strategic objective,” he said.

 

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Bank of Nova Scotia Cuts Investment Banking Jobs in US, Asia-Pacific.

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- Bank of Nova Scotia cuts investment banking jobs in US, Asia-Pacific as part of cost-cutting restructuring.

- Plans to close small investment banking operations in Hong Kong and Australia to focus on core business areas.

- Spokesperson emphasizes layoffs are routine business planning affecting few employees, prioritizing long-term goals.

- Moves reflect global banking industry trend of optimizing resources amid competitive and volatile market pressures.

https://www.ainvest.com/news/bank-nova-scotia-cuts-investment-banking-jobs-asia-pacific-2508/

[Mithrandir77]

Scotiabank posts higher global banking profits, beats analysts' expectations

 

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Bank of Nova Scotia beat analysts’ third-quarter expectations after posting higher profits in its global banking and markets segment on Tuesday.

Its net income for the three months ending July 31 was $2.53 billion, compared to $1.9 billion during the same period a year ago, resulting in net earnings per share of $1.84.  

 

The lender’s adjusted net income — which removes the impact of non-recurring items — was $2.52 billion, compared to $2.2 billion a year ago, resulting in adjusted earnings per share of $1.88, which was above analysts’ expectations of about $1.73 per share.

Chief executive Scott Thomson, in a statement on Tuesday, credited the “very strong quarter” to “improving revenue growth.”

Canada’s Big Six bank earnings are often considered a signpost for the country’s economy. Due to the uncertainty linked to tariffs, analysts are particularly keeping an eye on the provisions for credit losses (PCL), or the amount of money that lenders keep aside to tackle loans that may potentially go bad, a key metric for measuring the health of a bank’s loan book as well as the ability of households and businesses to pay their debts.  

Scotiabank’s total PCLs were around $1 billion, a decrease of about $11 million compared to the same quarter a year ago and a drop of about $357 million from the second quarter of 2025, which was impacted by the “significant deterioration in the macroeconomic outlook indicators, as well as the continued uncertainty related to United States tariffs, impacting the Canadian retail and commercial portfolios,” the bank said in a statement at the time.

Provisions on impaired loans, or loans that are more likely to go bad, were $975 million, which was lower than the $1.05 billion reported in the second quarter, primarily due to lower provisions in its Canadian retail sector and corporate loan portfolio.   

 

Its international banking segment generated adjusted earnings worth $716 million, a seven per cent increase year over year. Its earnings in Canadian banking declined two per cent from the same quarter last year to $959 million, but that was 56 per cent higher than the prior quarter.

The bank also paid a quarterly divided of $1.10 per share, up from $1.06 in the previous quarter.