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The Bank of Nova Scotia, operating as Scotiabank, is Canada’s international bank and financial service provider. The Bank 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. Scotiabank has four business lines: Canadian Banking, International Banking, Global Wealth & Insurance (GWI), Global Banking & Markets.

Canadian Banking provides a suite of financial advice and banking solutions to personal and business customers across Canada. Scotiabank also provides an alternative self-directed banking solution through Tangerine Bank. International Banking provides a range of financial products, solutions, and advice to retail and commercial customers in select regions outside of Canada, supplemented by additional products and services offered by Global Banking & Markets and Global Wealth & Insurance. Global Wealth & Insurance (GWI) combines the Bank's wealth management and insurance operations in Canada and internationally, and Global Transaction Banking. Global Banking & Markets offers a variety of products and services to corporate, government and institutional investor clients globally.

TypePublic
Founded1832
HQToronto, CA
Websitescotiabank.com

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Latest Updates

Employees (est.) (Jan 2019)98,508
Job Openings2,893
Revenue (FY, 2017)$27.2 B(+4%)
Share Price (May 2019)$53.1

Key People/Management at Bank of Nova Scotia (Scotiabank)

Brian J. Porter

Brian J. Porter

President and Chief Executive Officer
Ignacio Nacho Deschamps

Ignacio Nacho Deschamps

Group Head, International Banking and Digital Transformation
Dieter W. Jentsch

Dieter W. Jentsch

Group Head, Global Banking and Markets
Barbara Mason

Barbara Mason

Group Head and Chief Human Resources Officer
CA Sean D. McGuckin

CA Sean D. McGuckin

Group Head and Chief Financial Officer
James OSullivan

James OSullivan

Group Head, Canadian Banking
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Bank of Nova Scotia (Scotiabank) Office Locations

Bank of Nova Scotia (Scotiabank) has offices in Toronto, Halifax, Vancouver, Calgary and in 26 other locations
Toronto, CA (HQ)
44 King St W
Calgary, CA
225 7 Ave SW
Halifax, CA
1709 Hollis St
Montréal, CA
1002 Rue Sherbrooke Ouest
Vancouver, CA
650 W Georgia St
Sydney, AU
45 Clarence St
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Bank of Nova Scotia (Scotiabank) Financials and Metrics

Bank of Nova Scotia (Scotiabank) Revenue

Bank of Nova Scotia (Scotiabank)'s revenue was reported to be $27.16 b in FY, 2017 which is a 3.1% increase from the previous period.
CAD

Revenue (Q2, 2018)

7.1b

Net income (Q2, 2018)

2.2b

Market capitalization (22-May-2019)

64.9b

Closing stock price (22-May-2019)

53.1

Cash (30-Apr-2018)

61.8b

EV

8.8b
Bank of Nova Scotia (Scotiabank)'s current market capitalization is $64.9 b.
Annual
CADFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

23.6b24.0b26.4b27.2b

Revenue growth, %

2%10%3%

Operating expense total

12.6b13.0b14.5b14.6b

Pre tax profit

9.3b9.1b9.4b10.3b
Quarterly
CADQ1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018

Revenue

5.9b5.9b6.1b6.1b6.4b6.6b6.6b6.8b6.9b6.6b6.9b6.8b7.1b7.1b

Operating expense total

3.2b3.2b3.3b3.3b3.6b3.8b3.5b3.7b3.7b3.6b3.7b3.7b3.5b3.7b

Pre tax profit

2.2b2.3b2.3b2.3b2.3b2.0b2.6b2.6b2.6b2.4b2.6b2.6b3.0b2.8b

Income tax expense

477.0m468.0m463.0m445.0m444.0m441.0m605.0m540.0m617.0m332.0m546.0m538.0m709.0m621.0m
Annual
CADFY, 2014FY, 2015FY, 2016FY, 2017

Cash

56.7b73.9b46.3b59.7b

PP&E

2.3b2.3b2.5b2.4b

Goodwill

6.9b7.0b7.4b12.1b

Total Assets

805.7b856.5b896.3b915.3b
Quarterly
CADQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

65.9b60.7b82.8b75.3b61.2b69.8b48.4b50.9b57.8b57.4b61.8b

PP&E

2.3b2.2b2.2b2.3b2.3b2.4b2.3b2.4b2.2b2.3b2.4b

Total Assets

851.9b837.2b863.1b919.6b895.0b906.8b887.0b921.6b906.3b923.2b926.3b

Long-term debt

5.0b6.1b6.2b7.8b7.5b7.6b7.5b7.6b7.4b5.7b5.7b
Annual
CADFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

7.3b7.2b7.4b8.2b

Depreciation and Amortization

526.0m584.0m684.0m761.0m

Cash From Operating Activities

4.9b13.8b4.1b16.6b

Purchases of PP&E

(277.0m)(282.0m)(348.0m)3.0m
Quarterly
CADQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

1.7b3.5b5.4b1.8b3.4b5.4b2.0b4.1b6.2b2.3b4.5b

Depreciation and Amortization

139.0m283.0m427.0m159.0m328.0m501.0m187.0m375.0m566.0m199.0m403.0m

Cash From Operating Activities

5.9b3.8b21.6b13.2b16.2b26.7b8.3b2.1b16.7b8.7b10.5b

Purchases of PP&E

(58.0m)(59.0m)(137.0m)(92.0m)(124.0m)(294.0m)(24.0m)(115.0m)
CADY, 2018

EV/CFO

0.8 x

Debt/Equity

0.1 x

Financial Leverage

14.7 x
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Bank of Nova Scotia (Scotiabank) Operating Metrics

Bank of Nova Scotia (Scotiabank)'s Customers was reported to be 24 m in Q4, 2017. Bank of Nova Scotia (Scotiabank)'s Assets Under Management was reported to be $213.1b in Q2, 2018. Bank of Nova Scotia (Scotiabank)'s Total Loans was reported to be $517.9b in Q2, 2018. Bank of Nova Scotia (Scotiabank)'s Total Deposits was reported to be $640.6b in Q2, 2018.
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Bank of Nova Scotia (Scotiabank) Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Jarislowsky FraserFebruary 12, 2018$950 m
1832 Asset Management L.P.
Banco Colpatria Multibanca Colpatria S.A.
BNS Asia Limited
BNS Investments Inc.
Grupo BNS de Costa Rica S.A.
Grupo Financiero Scotiabank Inverlat, S.A. de C.V.
Hollis Canadian Bank
HollisWealth Inc.
Montreal Trust Company of Canada
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Bank of Nova Scotia (Scotiabank) Revenue Breakdown

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Bank of Nova Scotia (Scotiabank) revenue breakdown by business segment: 46.1% from Canadian Banking, 37.3% from International Banking and 16.6% from Global Banking and Markets

Bank of Nova Scotia (Scotiabank) revenue breakdown by geographic segment: 52.5% from Canada, 7.0% from Mexico, 20.1% from Other International, 7.0% from Peru and 13.4% from Other

Bank of Nova Scotia (Scotiabank) Online and Social Media Presence

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Bank of Nova Scotia (Scotiabank) News and Updates

Viola amasses $100 mln for fintech fund

Israel-based tech investor Viola has raised $100 million for its new global fintech fund. The target is $120 million to $150 million. The fund's backers include Scotiabank, The Travelers Companies Inc and Bank Hapoalim.

Bank of Nova Scotia (Scotiabank) Frequently Asked Questions

  • When was Bank of Nova Scotia (Scotiabank) founded?

    Bank of Nova Scotia (Scotiabank) was founded in 1832.

  • Who are Bank of Nova Scotia (Scotiabank) key executives?

    Bank of Nova Scotia (Scotiabank)'s key executives are Brian J. Porter, Ignacio Nacho Deschamps and Dieter W. Jentsch.

  • How many employees does Bank of Nova Scotia (Scotiabank) have?

    Bank of Nova Scotia (Scotiabank) has 98,508 employees.

  • What is Bank of Nova Scotia (Scotiabank) revenue?

    Latest Bank of Nova Scotia (Scotiabank) annual revenue is $27.2 b.

  • What is Bank of Nova Scotia (Scotiabank) revenue per employee?

    Latest Bank of Nova Scotia (Scotiabank) revenue per employee is $275.7 k.

  • Who are Bank of Nova Scotia (Scotiabank) competitors?

    Competitors of Bank of Nova Scotia (Scotiabank) include Desjardins, Canadian Imperial Bank of Commerce (CIBC) and Bank of Montreal (BMO).

  • Where is Bank of Nova Scotia (Scotiabank) headquarters?

    Bank of Nova Scotia (Scotiabank) headquarters is located at 44 King St W, Toronto.

  • Where are Bank of Nova Scotia (Scotiabank) offices?

    Bank of Nova Scotia (Scotiabank) has offices in Toronto, Halifax, Vancouver, Calgary and in 26 other locations.

  • How many offices does Bank of Nova Scotia (Scotiabank) have?

    Bank of Nova Scotia (Scotiabank) has 30 offices.