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Bank of Nova Scotia (BNS.TO)

BNS.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Scotiabank says mortgage sales up 6 percent on last year
Tuesday, 29 May 2018 08:51am EDT 

May 29 (Reuters) - Bank of Nova Scotia ::SCOTIABANK CEO REITERATES OUTLOOK FOR MID-SINGLE DIGIT MORTGAGE VOLUME GROWTH.SCOTIABANK CANADA RETAIL HEAD SAYS MORTGAGE SALES ARE UP 6 PERCENT SO FAR THIS YEAR COMPARED WITH YEAR AGO.SCOTIABANK CFO SAYS EXPECTS CORE TIER 1 RATIO TO FALL TO AROUND 11 PERCENT IN Q4.  Full Article

Bank Of Nova Scotia Says Scotiabank Peru Reached Agreement With Cencosud Peru To Buy 51% Controlling Interest In Banco Cencosud
Wednesday, 9 May 2018 08:31pm EDT 

May 9 (Reuters) - Bank of Nova Scotia ::REACHED AN AGREEMENT WITH CENCOSUD PERU TO ACQUIRE A 51% CONTROLLING INTEREST IN BANCO CENCOSUD, FOR APPROXIMATELY C$130 MILLION.SAYS ITS PERUVIAN SUBSIDIARY, SCOTIABANK PERU, REACHED AGREEMENT WITH CENCOSUD PERU TO BUY A 51% CONTROLLING INTEREST IN BANCO CENCOSUD.TERMS OF TRANSACTION ARE NOT FINANCIALLY MATERIAL TO SCOTIABANK.  Full Article

Scotiabank Reports First Quarter EPS Of C$1.86
Tuesday, 27 Feb 2018 06:01am EST 

Feb 27 (Reuters) - Bank Of Nova Scotia ::SCOTIABANK REPORTS FIRST QUARTER RESULTS.Q1 EARNINGS PER SHARE C$1.86.QUARTERLY TOTAL REVENUE $7.09 BILLION VERSUS $6.87 BILLION.QUARTERLY DIVIDEND INCREASE OF 3 CENTS PER COMMON SHARE TO 82 CENTS.QTRLY ‍ROE OF 16.2%, COMPARED TO 14.3%​.QTRLY NET INTEREST INCOME $3,936 MILLION VERSUS $3,643 MILLION.COMMON EQUITY TIER 1 CAPITAL RATIO WAS 11.2% THIS QUARTER‍​.PROVISION FOR CREDIT LOSSES WAS $544 MILLION IN THIS QUARTER.Q1 EARNINGS INCLUDE $150 MILLION ACCOUNTING BENEFIT, ON REMEASUREMENT OF EMPLOYEE BENEFIT LIABILITY FROM CERTAIN PLAN MODIFICATIONS‍​.Q1 REVENUE VIEW C$7.05 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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

MOVES-Former Scotiabank metals executive joins fintech firm Tradewind

LONDON, Sept 20 Fintech company Tradewind Markets said on Thursday it had hired Steve Lowe, former head of European operations at Bank of Nova Scotia's metals business, to help it expand in Europe.