OverviewSuggest Edit

Scotiabank (also known as the Bank of Nova Scotia) is an international bank and financial service provider. It offers a range of 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 Management, Global Banking and Markets.

TypePublic
Founded1832
HQHalifax, CA
Websitescotiabank.com
Overall CultureC

Latest Updates

Employees (est.) (Oct 2020)92,001(-3%)
Job Openings271
Revenue (FY, 2020)C$43.7 B(-6%)
Share Price (May 2021)C$79.8
Cybersecurity ratingBMore

Key People/Management at Scotiabank

Brian J. Porter

Brian J. Porter

President and Chief Executive Officer
Audrey Tugwell Henry

Audrey Tugwell Henry

President and Chief Executive Officer
Bob Nguyen

Bob Nguyen

Managing Director and Head, Corporate Fixed Income Origination
Barbara Mason

Barbara Mason

Group Head, Chief Human Resources Officer
Pruyn Haskins

Pruyn Haskins

Managing Director and Head, Global Equities
Jake Lawrence

Jake Lawrence

Chief Executive Officer and Group Head, Global Banking and Markets
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Scotiabank Office Locations

Scotiabank has offices in Halifax, Montréal, Toronto, Vancouver and in 35 other locations
Halifax, CA (HQ)
1709 Hollis St
Montréal, CA
1002 Rue Sherbrooke Ouest
Toronto, CA
44 King St W
Vancouver, CA
650 W Georgia St
Sydney, AU
suite 2, level 44/1 Farrer Pl
Nassau, BS
242 E Bay St
Show all (40)

Scotiabank Financials and Metrics

Scotiabank Revenue

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Scotiabank's revenue was reported to be C$43.73 b in FY, 2020 which is a 6.2% decrease from the previous period.
CAD

Revenue (FY, 2020)

43.7b

Revenue growth (FY, 2019 - FY, 2020), %

(6.2%)

Gross profit (FY, 2020)

31.3b

Gross profit margin (FY, 2020), %

71.7%

Net income (FY, 2020)

6.9b

Market capitalization (14-May-2021)

96.7b

Closing stock price (14-May-2021)

79.8

Cash (31-Oct-2020)

76.5b

EV

27.7b
Scotiabank's current market capitalization is C$96.7 b.
Annual
CADFY, 2018FY, 2019FY, 2020

Revenue

40.7b46.6b43.7b

Revenue growth, %

6%15%(6%)

Cost of goods sold

11.9b15.6b12.4b

Gross profit

28.8b31.0b31.3b
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

9.6b9.8b10.2b11.3b11.7b11.7b12.0b11.4b10.5b

Cost of goods sold

2.5b2.8b3.0b3.7b3.9b4.1b3.8b3.4b2.7b

Gross profit

7.1b7.1b7.2b7.6b7.8b7.7b8.1b8.0b7.7b

Gross profit Margin, %

74%72%70%67%67%65%68%70%74%
Annual
CADFY, 2018FY, 2019FY, 2020

Cash

62.3b46.7b76.5b

Accounts Receivable

551.8b592.5b603.3b

PP&E

2.7b2.7b5.9b

Goodwill

10.0b9.6b9.3b
Quarterly
Annual
CADFY, 2018FY, 2019FY, 2020

Net Income

8.7b8.8b6.9b

Depreciation and Amortization

848.0m1.1b1.5b

Accounts Payable

40.3b60.7b28.0b

Cash From Operating Activities

17.8b(12.0b)56.7b
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

2.3b4.5b6.5b2.2b4.5b6.5b2.3b3.7b5.0b

Depreciation and Amortization

199.0m403.0m615.0m248.0m506.0m782.0m399.0m762.0m1.1b

Accounts Payable

22.5b16.8b14.9b12.3b27.4b45.7b36.8b60.3b40.8b

Cash From Operating Activities

8.7b10.5b(7.8b)(11.6b)(9.1b)(16.1b)17.2b88.7b47.8b
CADQ1, 2018

Revenue/Employee

107.3k

Debt/Equity

0.1 x

Financial Leverage

15.1 x

P/E Ratio

35.3
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Scotiabank Operating Metrics

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Scotiabank Acquisitions / Subsidiaries

Company NameDateDeal Size
MD FinancialOctober 31, 2018$2.6 b
BBVA ChileJuly 31, 2018
Jarislowsky FraserFebruary 12, 2018$950 m
ColfondosDecember 19, 2012
Howard WeilMay 18, 2012
1832 Asset Management L.P.
Banco Colpatria Multibanca Colpatria S.A.
BNS Asia Limited
BNS International (Bahamas) Limited
BNS International (Panama) S.A.
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Scotiabank Revenue Breakdown

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Scotiabank revenue breakdown by business segment: 14.6% from Global Wealth Management, 17.2% from Global Banking and Markets, 34.5% from International Banking, 32.9% from Canadian Banking and 0.8% from Other

Scotiabank revenue breakdown by geographic segment: 7.6% from Mexico, 53.0% from Canada, 7.9% from Caribbean and Central America, 7.4% from Peru, 6.6% from Other International, 6.7% from Chile, 6.8% from United States and 4.0% from Other

Scotiabank Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Scotiabank Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Scotiabank Online and Social Media Presence

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Scotiabank Company Culture

  • Overall Culture

    C

    71/100

  • CEO Rating

    D

    61/100

  • Compensation

    D+

    60/100

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Scotiabank News and Updates

Scotiabank, BMO Top Estimates With Loan-Loss Set-Asides Dropping

Scotiabank, BMO Top Estimates With Loan-Loss Set-Asides Dropping

Scotiabank applies AI and Big Data to better understand customer needs

Scotiabank today announces C.MEE, a new technology that leverages big data and artificial intelligence (AI) to enable even better customer experiences (CX) with the Bank.

Scotiabank commits $1 million to net zero research fund

As part of its continued efforts to combat climate change, Scotiabank has established a Net Zero Research Fund to initiate partnerships with leading think tanks and academic institutions that are supporting key sectors in their efforts to decarbonize.

Scotiabank taps machine learning to help clients during pandemic

Scotiabank says that its investment in machine learning is paying off during the Covid-19 pandemic, enabling it to help clients navigate uncertain and challenging times.

Scotiabank introduces real-time payments through Interac e-Transfer for Business

Scotiabank is the 1st financial institution in Canada to offer real-time payments for all business banking customers using flexible routing options like an account number or email address, using Interac e-Transfer® for Business.

Scotiabank, BMO Trading Boost Gives Retail Units Time to Recover

Scotiabank, BMO Trading Boost Gives Retail Units Time to Recover
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Scotiabank Frequently Asked Questions

  • When was Scotiabank founded?

    Scotiabank was founded in 1832.

  • Who are Scotiabank key executives?

    Scotiabank's key executives are Brian J. Porter, Audrey Tugwell Henry and Bob Nguyen.

  • How many employees does Scotiabank have?

    Scotiabank has 92,001 employees.

  • What is Scotiabank revenue?

    Latest Scotiabank annual revenue is C$43.7 b.

  • What is Scotiabank revenue per employee?

    Latest Scotiabank revenue per employee is C$475.3 k.

  • Who are Scotiabank competitors?

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

  • Where is Scotiabank headquarters?

    Scotiabank headquarters is located at 1709 Hollis St, Halifax.

  • Where are Scotiabank offices?

    Scotiabank has offices in Halifax, Montréal, Toronto, Vancouver and in 35 other locations.

  • How many offices does Scotiabank have?

    Scotiabank has 40 offices.