Scotiabank Competitors and Similar CompaniesClear all
Scotiabank's competitors and similar companies include Desjardins, CIBC, BMO, HSBC, Royal Bank of Canada and Toronto-Dominion Bank.
 Scotiabank Scotiabank (also known as the Bank of Nova Scotia or La Banque de Nouvelle-Ecosse) is a banking and financial services provider. |  Desjardins Desjardins is a cooperative financial group that operates through business segments such as personal and business banking, property and casualty insurance, wealth management, and life and health insurance. |  CIBC Canadian Imperial Bank of Commerce (CIBC) is a financial institution that provides its clients with banking services. |  BMO BMO Financial Group (Bank of Montreal) is a company that provides banking and financial solutions. |  Toronto-Dominion Bank The Toronto-Dominion Bank (TD) operating as TD Bank Group is a multinational banking and financial services corporation. | |||
Founding Date | Founding Date 1832 | Founding Date 1900 | Founding Date 1961 | Founding Date 1817 | Founding Date 1865 | Founding Date 1869 | Founding Date 1955 |
Type | Type Public | Type Subsidiary | Type Public | Type Public | Type Public | Type Public | Type Public |
Tags | |||||||
Locations | Locations Halifax, CA HQ Sydney, AU Nassau, BS Bridgetown, BB São Paulo, BR Calgary, CA Montréal, CA see more | Locations Toronto, CA HQ | Locations Toronto, CA HQ Melbourne, AU Calgary, CA Charlottetown, CA Edmonton, CA Halifax, CA Moncton, CA see more | Locations London, GB HQ Bab Ezzouar, DZ Buenos Aires, AR Buenos Aires, AR Yerevan, AM Barangaroo, AU Wien, AT see more | Locations Toronto, CA HQ Melbourne, AU Sydney, AU New Providence, BS Holetown, BB Bedford, CA Calgary, CA see more | Locations Toronto, CA HQ | |
Employees | Employees 88,722 | Employees 56,165 | Employees 48,698 | Employees 53,2341% decrease | Employees 208,7201% decrease | Employees 94,624 | Employees 101,7597% decrease |
Valuation ($) | Valuation ($) 64.7 b | Valuation ($) N/A | Valuation ($) 59.8 b | Valuation ($) 68.2 b | Valuation ($) 1.6 b | Valuation ($) 163.4 b | Valuation ($) 98.2 b |
Financial | |||||||
Revenue (est.) | Revenue (est.) $37.7b (FY, 2025) | Revenue (est.) $18.3b (FY, 2020) | Revenue (est.) $55.5b (FY, 2023) | Revenue (est.) $68.1b (FY, 2023) | Revenue (est.) $149.6b (FY, 2025) | Revenue (est.) $118b (FY, 2023) | Revenue (est.) $101.2b (FY, 2023) |
Cost of goods | Cost of goods N/A | Cost of goods $978m (FY, 2020) | Cost of goods $32.2b (FY, 2023) | Cost of goods $36.9b (FY, 2023) | Cost of goods $81.3b (FY, 2025) | Cost of goods $61.9b (FY, 2023) | Cost of goods $50.7b (FY, 2023) |
Gross profit | Gross profit N/A | Gross profit $17.4b (FY, 2020) | Gross profit $23.3b (FY, 2023) | Gross profit $31.2b (FY, 2023) | Gross profit $68.3b (FY, 2025) | Gross profit $56.1b (FY, 2023) | Gross profit $50.5b (FY, 2023) |
Net income | Net income $7.8b (FY, 2025) | Net income $929m (FY, 2020) | Net income $5b (FY, 2023) | Net income $4.4b (FY, 2023) | Net income $23.1b (FY, 2025) | Net income $14.9b (FY, 2023) | Net income $10.8b (FY, 2023) |
Operating ⚠ | |||||||
ATMs | ATMs N/A | ATMs N/A | ATMs N/A | ATMs 5.8 k (FY, 2023) | ATMs N/A | ATMs 4.4 k (Q3, 2023) | ATMs 3.4 k (FY, 2023) |
Assets Under Administration | Assets Under Administration $738.9b (Q2, 2024) | Assets Under Administration $458.2b (FY, 2020) | Assets Under Administration $2.9t (FY, 2023) | Assets Under Administration N/A | Assets Under Administration N/A | Assets Under Administration $4.4t (Q3, 2023) | Assets Under Administration N/A |
Assets Under Management | Assets Under Management $348.6b (Q2, 2024) | Assets Under Management $89.1b (FY, 2020) | Assets Under Management $300.2b (FY, 2023) | Assets Under Management N/A | Assets Under Management N/A | Assets Under Management $1.1t (Q3, 2023) | Assets Under Management N/A |
Bank Branches | Bank Branches 2.4 k (Q4, 2022) | Bank Branches N/A | Bank Branches N/A | Bank Branches 1.9 k (FY, 2023) | Bank Branches N/A | Bank Branches 1.3 k (Q3, 2023) | Bank Branches 1.1 k (FY, 2023) |
Countries | Countries N/A | Countries N/A | Countries N/A | Countries N/A | Countries 64 (FY, 2021) | Countries 27 (Q3, 2023) | Countries N/A |
Customers | Customers N/A | Customers N/A | Customers N/A | Customers 13 m (FY, 2023) | Customers 40 m (FY, 2021) | Customers 17 m (Q3, 2023) | Customers 28 m (FY, 2023) |
Total Deposits | Total Deposits $942b (Q2, 2024) | Total Deposits $72.4b (FY, 2020) | Total Deposits $723.4b (FY, 2023) | Total Deposits $914.1b (Q1, 2024) | Total Deposits N/A | Total Deposits $1.2t (Q3, 2023) | Total Deposits $1.2t (FY, 2023) |
Total Loans | Total Loans $760b (Q2, 2024) | Total Loans $55.7b (FY, 2020) | Total Loans $540.2b (FY, 2023) | Total Loans $645.8b (Q1, 2024) | Total Loans N/A | Total Loans $835.7b (Q3, 2023) | Total Loans $895.9b (FY, 2023) |
For sources of this data, please see the company profile
View Company Profiles
Desjardins
HQ
Lévis, CA
Desjardins is a cooperative financial group that operates through business segments such as personal and business banking, property and casualty insurance, wealth management, and life and health insurance.
View companyCIBC
HQ
Toronto, CA
Employees
48,698
Canadian Imperial Bank of Commerce (CIBC) is a financial institution that provides its clients with banking services.
View companyBMO
HQ
Toronto, CA
Employees
53,234↓ 1% decrease
BMO Financial Group (Bank of Montreal) is a company that provides banking and financial solutions.
View company
HSBC
HQ
London, GB
Employees
208,720↓ 1% decrease
HSBC Holdings is a company that provides banking and financial services.
View company