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Bank of Nova Scotia (BNS.TO)

BNS.TO on Toronto Stock Exchange

77.10CAD
20 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Scotiabank To Acquire Jarislowsky Fraser
Monday, 12 Feb 2018 08:00am EST 

Feb 12 (Reuters) - Bank Of Nova Scotia ::SCOTIABANK TO ACQUIRE JARISLOWSKY FRASER.BANK OF NOVA SCOTIA - PURCHASE PRICE PAYABLE AT CLOSING OF APPROXIMATELY $950 MILLION WILL BE SATISFIED PRIMARILY BY ISSUANCE OF SCOTIABANK COMMON SHARES..BANK OF NOVA SCOTIA - FOLLOWING COMPLETION OF THESE REPURCHASES, SCOTIABANK EXPECTS TRANSACTION TO BE ACCRETIVE TO EARNINGS IN FY 2020.BANK OF NOVA SCOTIA - WILL OFFSET DILUTIVE IMPACT OF ISSUANCE OF SHARES TO SATISFY PURCHASE PRICE BY REPURCHASING A SIMILAR AMOUNT OF COMMON SHARES.BANK OF NOVA SCOTIA - SCOTIABANK EXPECTS TRANSACTION TO BE ACCRETIVE TO EARNINGS IN FY 2020..BANK OF NOVA SCOTIA - AN EARN-OUT OF UP TO $56 MILLION IN ADDITIONAL SCOTIABANK COMMON SHARES MAY BE PAID BASED ON GROWTH TARGETS.  Full Article

Scotiabank To Acquire Citibank's Consumer Small And Medium Enterprise Operations In Colombia
Wednesday, 31 Jan 2018 04:23pm EST 

Jan 31 (Reuters) - Bank Of Nova Scotia ::SCOTIABANK TO ACQUIRE CITIBANK'S CONSUMER AND SMALL AND MEDIUM ENTERPRISE OPERATIONS IN COLOMBIA.BANK OF NOVA SCOTIA - TRANSACTION IS NOT FINANCIALLY MATERIAL TO SCOTIABANK.BANK OF NOVA SCOTIA SAYS SCOTIABANK'S COMMON EQUITY TIER ONE CAPITAL RATIO WILL BE IMPACTED BY LESS THAN 10 BASIS POINTS.BANK OF NOVA SCOTIA - ‍THIS AGREEMENT ALSO INCLUDES ASSUMPTION BY BANCO COLPATRIA OF CITIBANK'S WORKFORCE​.BANK OF NOVA SCOTIA - SCOTIABANK AND MERCANTIL COLPATRIA WILL INVEST PROPORTIONATELY TO MAINTAIN THEIR EXISTING OWNERSHIP LEVELS IN BANCO COLPATRIA.  Full Article

Scotiabank Announces Share Repurchase Program
Friday, 22 Dec 2017 04:46pm EST 

Dec 22 (Reuters) - Bank Of Nova Scotia ::SCOTIABANK ANNOUNCES SHARE REPURCHASE PROGRAM AS PART OF NORMAL COURSE ISSUER BID.BANK OF NOVA SCOTIA - TO REPURCHASE COMMON SHARES BETWEEN DEC 29 AND JAN 31, 2018, SUBJECT TO A MAXIMUM OF 3 MILLION SHARES.BANK OF NOVA SCOTIA - CURRENTLY INTENDS TO PURCHASE MAXIMUM OF 3 MILLION COMMON SHARES UNDER PROGRAM.  Full Article

Bank Of Nova Scotia- Announced Partnerships With Viola Group And Team8
Wednesday, 6 Dec 2017 09:22am EST 

Dec 6 (Reuters) - Bank Of Nova Scotia ::BANK OF NOVA SCOTIA- ANNOUNCED PARTNERSHIPS WITH TWO ISRAELI TECHNOLOGY COS, VIOLA GROUP AND TEAM8.  Full Article

Bank Of Nova Scotia Says BBVA Accepted Scotiabank's Offer To Buy 68.19 Pct Ownership In BBVA Chile For About $2.2 Bln
Tuesday, 5 Dec 2017 02:08am EST 

Dec 5 (Reuters) - Bank Of Nova Scotia ::BANK OF NOVA SCOTIA-BBVA ACCEPTED SCOTIABANK'S OFFER TO BUY ITS 68.19 PERCENT OWNERSHIP IN BBVA CHILE, FOR ABOUT $2.2 BILLION ​.SCOTIABANK FORMALIZES AGREEMENT WITH BBVA TO ACQUIRE ITS SHARES IN BBVA CHILE.BANK OF NOVA SCOTIA SAYS ENTERED INTO DEFINITIVE AGREEMENTS WITH BBVA AND INTENDS TO MERGE BBVA CHILE WITH ITS EXISTING OPERATIONS IN CHILE.BANK OF NOVA SCOTIA SAYS SAID FAMILY, WHICH OWNS 31.62% OF BBVA CHILE, HAS WAIVED ITS RIGHT OF FIRST REFUSAL TO ACQUIRE BBVA'S SHARES OF BBVA CHILE.BANK OF NOVA SCOTIA-SAID FAMILY HAS INDICATED THEIR WILLINGNESS TO POTENTIALLY REMAIN IN BUSINESS.BANK OF NOVA SCOTIA- SAID FAMILY WOULD INVEST UP TO ABOUT $500 MILLION IN ORDER TO OWN UP TO 25 PERCENT OF COMBINED BUSINESS.  Full Article

BBVA Accepts Offer From Bank Of Nova Scotia Over BBVA Chile
Tuesday, 5 Dec 2017 02:06am EST 

Dec 5 (Reuters) - BANCO BILBAO VIZCAYA ARGENTARIA SA ::SAYS ACCEPTED OFFER AND ENTERED INTO SALE AND PURCHASE AGREEMENT WITH BANK OF NOVA SCOTIA.  Full Article

Scotiabank expects to close BBVA Chile deal next summer
Tuesday, 28 Nov 2017 08:58am EST 

Nov 28 (Reuters) - Bank Of Nova Scotia ::SCOTIABANK CEO SAYS WILL FUND BBVA CHILE DEAL THROUGH EXISTING CAPITAL.SCOTIABANK CEO SAYS WOULD EXPECT TO CLOSE BBVA CHILE TRANSACTION IN SUMMER 2018.SCOTIBANK CFO SAYS EXPECTS CORE TIER 1 RATIO TO REMAIN AT 10.5 PERCENT OR HIGHER.SCOTIABANK CFO SAYS EXPECTS SAID FAMILY TO MAKE DECISION ON BBVA CHILE SALE SOMETIME IN Q1.SCOTIABANK CANADIAN HEAD SAYS NEW MORTGAGE RULES WILL REPRESENT A "BIT OF A HEADWIND".SCOTIABANK CANADIAN HEAD SAYS LOOKING FOR GROWTH OF "GDP PLUS" FROM CANADA MORTGAGE BOOK NEXT YEAR.  Full Article

Scotiabank Reports Fourth Quarter And 2017 Results
Tuesday, 28 Nov 2017 06:04am EST 

Nov 28 (Reuters) - Bank Of Nova Scotia ::SCOTIABANK REPORTS FOURTH QUARTER AND 2017 RESULTS.Q4 EARNINGS PER SHARE C$1.64.Q4 EARNINGS PER SHARE VIEW C$1.66 -- THOMSON REUTERS I/B/E/S.- QTRLY ‍ROE OF 14.5 PCT, COMPARED TO 14.7 PCT​.- QTRLY NET INTEREST INCOME $3,831‍​ MILLION VERSUS $3,653 MILLION.- QTRLY COMMON EQUITY TIER 1 CAPITAL RATIO OF 11.5 PERCENT VERSUS 11.3 PERCENT REPORTED IN Q3.- QTRLY TOTAL REVENUE $‍6,812​ MILLION VERSUS $6,751 MILLION.- QTRLY ADJUSTED DILUTED EARNINGS PER SHARE $1.65 ‍​.Q4 EARNINGS PER SHARE VIEW C$1.66, REVENUE VIEW C$7.08 BILLION -- THOMSON REUTERS I/B/E/S.- QTRLY PROVISION FOR CREDIT LOSSES WAS $536 MILLION, DOWN $14 MILLION‍​.  Full Article

Scotiabank Submits A Binding Offer To BBVA To Acquire Its Shares In BBVA Chile
Tuesday, 28 Nov 2017 01:21am EST 

Nov 28 (Reuters) - Bank Of Nova Scotia ::SCOTIABANK SUBMITS A BINDING OFFER TO BBVA TO ACQUIRE ITS SHARES IN BBVA CHILE.BANK OF NOVA SCOTIA - ‍HAS OFFERED TO ACQUIRE BBVA'S INTERESTS IN BBVA CHILE, AND CERTAIN SUBSIDIARIES, FOR APPROXIMATELY US$2.2 BILLION (CAD$2.9 BILLION)​.BANK OF NOVA SCOTIA- ‍IF TRANSACTION IS COMPLETED, SCOTIABANK'S COMMON EQUITY TIER 1 CAPITAL RATIO WILL BE IMPACTED BY APPROXIMATELY 100 BASIS POINTS​.  Full Article

Scotia Capital and AIMCO to sell 2,750,000 shares of TMX group
Monday, 2 Oct 2017 04:51pm EDT 

Oct 2 (Reuters) - Bank of Nova Scotia :Scotia Capital Inc and Alberta Investment Management Corporation each agree to sell 2,750,000 common shares of TMX Group Limited.Bank of Nova Scotia - ‍after giving effect to trade, sci and aimco will each hold less than 5% of issued and outstanding common shares of TMX​.Bank of Nova Scotia - ‍SCI and AIMCO will no longer be entitled to appoint nominees to board of directors of TMX​.Bank of Nova Scotia - ‍Scotia Capital, AIMCO agreed to sell shares of Tmx Group Limited representing an aggregate of about 9.9% of issued, outstanding shares.  Full Article

UPDATE 1-Scotiabank to buy Canadian investment firm for C$950 mln

Feb 12 Canada's Bank of Nova Scotia said on Monday it had agreed to buy investment firm Jarislowsky Fraser for C$950 million mostly in stock.