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Also traded in: Canada, Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 6.45
BNS's Cash-to-Debt is ranked higher than
64% of the 1592 Companies
in the Global Banks - Global industry.

( Industry Median: 2.23 vs. BNS: 6.45 )
Ranked among companies with meaningful Cash-to-Debt only.
BNS' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.46  Med: 4.58 Max: N/A
Current: 6.45
Equity-to-Asset 0.06
BNS's Equity-to-Asset is ranked lower than
85% of the 1591 Companies
in the Global Banks - Global industry.

( Industry Median: 0.10 vs. BNS: 0.06 )
Ranked among companies with meaningful Equity-to-Asset only.
BNS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04  Med: 0.05 Max: 0.06
Current: 0.06
0.04
0.06
Interest Coverage 1.21
BNS's Interest Coverage is ranked lower than
60% of the 1515 Companies
in the Global Banks - Global industry.

( Industry Median: 1.69 vs. BNS: 1.21 )
Ranked among companies with meaningful Interest Coverage only.
BNS' s Interest Coverage Range Over the Past 10 Years
Min: 0.27  Med: 0.94 Max: 1.29
Current: 1.21
0.27
1.29
Beneish M-Score: -2.37
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 36.37
BNS's Operating Margin % is ranked higher than
62% of the 1606 Companies
in the Global Banks - Global industry.

( Industry Median: 31.37 vs. BNS: 36.37 )
Ranked among companies with meaningful Operating Margin % only.
BNS' s Operating Margin % Range Over the Past 10 Years
Min: 33.16  Med: 38.94 Max: 41.85
Current: 36.37
33.16
41.85
Net Margin % 27.21
BNS's Net Margin % is ranked higher than
64% of the 1605 Companies
in the Global Banks - Global industry.

( Industry Median: 22.70 vs. BNS: 27.21 )
Ranked among companies with meaningful Net Margin % only.
BNS' s Net Margin % Range Over the Past 10 Years
Min: 24.53  Med: 29.55 Max: 32.39
Current: 27.21
24.53
32.39
ROE % 16.54
BNS's ROE % is ranked higher than
85% of the 1603 Companies
in the Global Banks - Global industry.

( Industry Median: 8.58 vs. BNS: 16.54 )
Ranked among companies with meaningful ROE % only.
BNS' s ROE % Range Over the Past 10 Years
Min: 12.91  Med: 14.98 Max: 21.97
Current: 16.54
12.91
21.97
ROA % 1.01
BNS's ROA % is ranked higher than
59% of the 1612 Companies
in the Global Banks - Global industry.

( Industry Median: 0.90 vs. BNS: 1.01 )
Ranked among companies with meaningful ROA % only.
BNS' s ROA % Range Over the Past 10 Years
Min: 0.68  Med: 0.88 Max: 1.02
Current: 1.01
0.68
1.02
3-Year Revenue Growth Rate 6.80
BNS's 3-Year Revenue Growth Rate is ranked higher than
64% of the 1354 Companies
in the Global Banks - Global industry.

( Industry Median: 4.20 vs. BNS: 6.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
BNS' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -1.1  Med: 6.8 Max: 12.9
Current: 6.8
-1.1
12.9
3-Year EBITDA Growth Rate 3.40
BNS's 3-Year EBITDA Growth Rate is ranked lower than
57% of the 1256 Companies
in the Global Banks - Global industry.

( Industry Median: 6.40 vs. BNS: 3.40 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
BNS' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 6.2 Max: 17.3
Current: 3.4
0
17.3
3-Year EPS without NRI Growth Rate 4.10
BNS's 3-Year EPS without NRI Growth Rate is ranked lower than
59% of the 1226 Companies
in the Global Banks - Global industry.

( Industry Median: 7.40 vs. BNS: 4.10 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
BNS' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -2.3  Med: 9.3 Max: 24.1
Current: 4.1
-2.3
24.1
GuruFocus has detected 5 Warning Signs with Bank of Nova Scotia $BNS.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» BNS's 10-Y Financials

Financials (Next Earnings Date: 2017-05-30)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

BNS Guru Trades in Q1 2016

RS Investment Management 6,786 sh (New)
David Dreman 22,562 sh (+4358.89%)
Jim Simons 417,900 sh (+153.27%)
First Eagle Investment 1,000 sh (unchged)
Jeremy Grantham 7,700 sh (-95.15%)
» More
Q2 2016

BNS Guru Trades in Q2 2016

RS Investment Management 7,679 sh (+13.16%)
First Eagle Investment 1,000 sh (unchged)
Jeremy Grantham Sold Out
David Dreman 21,496 sh (-4.72%)
Jim Simons 391,700 sh (-6.27%)
» More
Q3 2016

BNS Guru Trades in Q3 2016

Jim Simons 548,100 sh (+39.93%)
First Eagle Investment 1,000 sh (unchged)
David Dreman 21,470 sh (-0.12%)
» More
Q4 2016

BNS Guru Trades in Q4 2016

Jim Simons 670,100 sh (+22.26%)
First Eagle Investment 1,000 sh (unchged)
David Dreman 19,376 sh (-9.75%)
» More
» Details

Insider Trades

Latest Guru Trades with BNS

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Preferred stocks of Bank of Nova Scotia

SymbolPriceYieldDescription
BNS.PR.Y.Canada22.402.03Pfd Shs Series 30
BNS.PR.E.Canada27.175.035.5% Fixed Non-Cum 5-Year Rate Reset Red Pfd Shs Series -34-
BNS.PR.M.Canada25.004.50
BNS.PR.Q.Canada25.023.59
BNS.PR.R.Canada24.893.83Non-Cum Pfd Shs Series -22-
BNS.PR.Z.Canada22.302.323.7% Pfd Shs Series 32
BNS.PR.P.Canada24.953.33Non-Cum Pfd Shs Series -18
BNS.PR.O.Canada25.005.60Non-Cum Pfd Shs Series -17-
BNS.PR.L.Canada25.004.504 1/2 % Non-Cum Pfd Shs Series -14-
BNS.PR.N.Canada25.015.255 1/4 % Non-Cum Pfd Shs Series -16- Called for red. on 27.1.17 at CAD 25.00
BNS.PR.A.Canada24.622.59Non-Cum Pfd Shs Series -19- Fltg Rt
BNS.PR.B.Canada24.192.28Non-Cum Pfd Shs Series -21-
BNS.PR.C.Canada24.102.46Non-Cum Pfd Shs Series -23- Fltg Rt
BNS.PR.D.Canada21.951.71Non-Cum Red Pfd Shs Series -31- Fltg Rt
BNS.PR.F.Canada21.552.14Non Cum Red Pfd Shs Series -33- Fltg Rt
BNS.PR.G.Canada27.233.76Non-Cum Red Rate Reset Pfd Shs Series -36-
BNS.PR.H.Canada26.452.80Series 38

Business Description

Industry: Banks » Banks - Global    NAICS: 522110    SIC: 7029
Compare:OTCPK:ANZBY, OTCPK:NABZY, NYSE:UBS, NYSE:ING, OTCPK:BCMXY, NYSE:MTU, NYSE:BBVA, NYSE:SMFG, NYSE:SAN, NYSE:WBK, NYSE:BMO, OTCPK:BCLYF, NYSE:TD, NYSE:RBS, NYSE:CM, OTCPK:SCBFF, OTCPK:CSGKF, NYSE:RY, OTCPK:SVNLY, OTCPK:CMWAY » details
Traded in other countries:BNS.Canada, BKN.Germany, BNS.Mexico,
Headquarter Location:Canada
Bank of Nova Scotia is a diversified financial services institution that provides financial products and services to retail, commercial and corporate customers around the world.

With more than CAD 850 billion in assets and four operating segments (Canadian banking, international banking, global wealth and insurance, and global banking and markets), Bank of Nova Scotia is the third-largest bank in Canada. It is Canada's leading international bank, providing financial services in more than 55 countries with a particular focus on South America, Mexico, Asia, and the Caribbean.

Guru Investment Theses on Bank of Nova Scotia

Signature Select Canadian Equity Fund Comments on Bank of Nova Scotia - Dec 08, 2015

In financials, Bank of Nova Scotia (NYSE:BNS) detracted from performance given concerns about its exposure to emerging markets. We find the bank offers excellent value at current levels as it has not been this inexpensive in years.



From Signature Select Canadian Equity Fund third quarter 2015 commentary.



Check out Signature Select Canadian Equity Fund latest stock trades

Top Ranked Articles about Bank of Nova Scotia

Another Year, Another Setback: Scotiabank Economics' Global Outlook
TORONTO, ON--(Marketwired - July 06, 2016) - The United Kingdom's decision to leave the European Union represents a major economic shock to the U.K. and Europe. It will lower business and household confidence in the U.K. and Europe, while also potentially fanning the flames of referenda in other countries given the electoral cycle in Europe. Despite the importance of the shock to Europe, it is expected that the impact beyond its borders will be relatively contained, as the United States, China and India remain on reasonably solid footing. On balance, our global growth forecast has been marked down from 3.1% to 3.0% in 2016, and from 3.5% to 3.3% in 2017."Scotiabank's global economics team offers perspectives on the global outlook from their respective positions on the ground to provide a fulsome view of the impact of Brexit and other factors that will influence the global economy into 2017," said Jean-François Perrault, Senior Vice President and Chief Economist at Scotiabank. "We see the most immediate impact of Brexit has been felt in financial markets, with some currencies and government bond yields adjusting rapidly to increased uncertainty and the potential economic consequences."Highlights of Scotiabank's Global Outlook include:United Kingdom: Minor recession predicted for the U.K. late this year, followed by no growth for 2017.Europe: Eurozone growth forecast for 2017 cut half a percentage point to about 1%.Canada: Little direct impacts from Brexit on Canada with growth expected at 1.3% this year and 2.0% in 2017 as the economy continues to adjust to the lower price of oil.United States: Fundamentals of the U.S. economy remain solid despite weak trend growth.Latin America: Prospects in Latin America remain mixed, given the importance of the U.S. economy to the region, and the expected improvement in many commodity prices, developments in the U.K. and Europe should not impose too much of a drag on the region.Asia: Asian economies are also likely to be only modestly affected by Brexit in a direct manner. China's economic transition continues, with growth expected to slow to 6.2% in 2017.Capital Markets: Yields are likely to remain extremely low for some time given the demand for safe assets, and the need for continued monetary policy support in most advanced economies. Yields on 10-year U.S. Treasuries expected to fall to 1.2%.Currency: British Pound has more room to fall, to 1.25, as the U.K. navigates uncharted waters over the next quarters.Commodities: Price of WTI is expected to rise to about $55/bbl in 2017, which will provide an additional boost to growth in Canada, but we continue to expect little new investment in the oil patch in 2017 given breakeven costs.The economic impact of Brexit will be focused on the U.K. and Europe and should trigger a reduction in investment and household spending in both economies, with the impact expected to be more pronounced in the U.K. Despite these major revisions to prospects across the Atlantic, the real economic impacts on the rest of the world should be muted. Watch a video of Jean-François Perrault discussing Scotiabank's Global Outlook here: https://youtu.be/0DndTCLJl8IRead Scotiabank's Global Outlook online at: http://www.scotiabank.com/ca/en/0,,3112,00.htmlScotiabank provides clients with in-depth research into the factors shaping the outlook for Canada and the global economy, including macroeconomic developments, currency and capital market trends, commodity and industry performance, as well as monetary, fiscal and public policy issues.About Scotiabank
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 89,000 employees and assets of $895 billion (as at April 30, 2016), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.
Embedded Video Available: https://www.youtube.com/watch?v=0DndTCLJl8I&feature=youtu.be


For media enquiries only:
Debra Chan
Public, Corporate and Government Affairs
Scotiabank
(416) 866-6443
[email protected]



Read more...
Global Auto Production Gains Momentum in the Second Half of 2016: Scotiabank

Broad-Based Increase Will Buoy Economic Activity
TORONTO, ON--(Marketwired - June 30, 2016) - Global car sales posted another solid advance last month, climbing 4% y/y and continuing the string of strong gains since last September. Western Europe and China led the way, with both regions posting double-digit advances in May. While the economic and sales outlook has become more uncertain in the aftermath of the recent U.K. referendum, volumes across Western Europe have advanced a stronger than expected 9% y/y through May -- the largest increase in nearly two decades. The improvement reflects increased replacement demand and a strengthening labour market, which will continue to buoy sales even as activity begins to falter in the U.K."Rising sales will lift vehicle production across most of the world in the second half of 2016, providing a welcome boost to industrial activity," said Carlos Gomes, Senior Economist and Auto Industry Specialist at Scotiabank. "This comes at a time when heightened economic and political uncertainty is dampening overall economic growth."North America will lead the way, with assemblies in the July-September period scheduled to post the largest quarter-to-quarter increase in more than two years. However, assemblies are also moving higher across Asia and Europe, supporting manufacturing activity which has staggered into the summer. While North American vehicle production and overall industrial activity has been sluggish in recent months, we expect factory floors to become busier during the summer, with a record number of vehicles scheduled to be built during the July-September period. We estimate that the annualized production rate in Canada, the United States and Mexico will climb to 18.9 million units during the summer, up from 17.9 million between January and May. Rising vehicle production is expected to add half of a percentage point to economic growth in the United States in the third quarter, the largest increase in more than a year. The impact will be even greater in Mexico, with third-quarter assemblies scheduled to jump 5% above a year earlier. The sharp gain reflects the inauguration of a new facility in Nuevo Leon, and the restart of an assembly plant in Tolluca, following several months of retooling. New orders for vehicles from assembly plants in Germany and Spain recently jumped to the highest level in more than five years. Vehicle production is even outperforming in the U.K., with assemblies jumping 16% y/y in April. Overseas demand for British-made cars is driving the improvement, accounting for roughly 80% of overall production. Passenger vehicle sales in China have outpaced production gains this year, enabling automakers to reduce inventories to only 1.4 months' at the end of May, down from 1.7 months' a year ago and a peak of nearly 2 months' in early 2015. Sales have also gained momentum in the rest of Asia, with volumes excluding China, advancing in May at the fastest pace since late 2015. Read the full Scotiabank Global Auto Report online at: http://www.scotiabank.com/ca/en/0,,3112,00.html.Scotiabank provides clients with in-depth research into the factors shaping the outlook for Canada and the global economy, including macroeconomic developments, currency and capital market trends, commodity and industry performance, as well as monetary, fiscal and public policy issues.About Scotiabank
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 89,000 employees and assets of $895 billion (as at April 30, 2016), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.
For more information, please contact:
Carlos Gomes
Scotiabank Economics
(416) 866-4735
[email protected]

For media enquiries only:
Debra Chan
Public, Corporate and Government Affairs
Scotiabank
(416) 866-6443
[email protected]



Read more...
Correction Notice of Press Release on Quarterly Dividend

TORONTO, ONTARIO--(Marketwired - Jun 28, 2016) - Scotiabank (TSX:BNS)(NYSE:BNS) today announced a correction to its press release issued on May 31, 2016, entitled "Scotiabank Announces Dividend on Outstanding Shares". In the press release, the dividend amount for the quarter ending July 31, 2016, payable on July 27, 2016, to shareholders of record at the close of business on July 5, 2016, for the Non-Cumulative Preferred Shares Series 33, Dividend No. 2, was misstated. The corrected statement is as follows: Non-Cumulative Preferred Shares: • Series 33, Dividend No. 2 of $0.112316 per share. About Scotiabank Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 89,000 employees and assets of $895 billion (as at April 30, 2016), Scotiabank trades on the Toronto (TSX:BNS) and New York Exchanges (NYSE:BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on [email protected]






Jake Lawrence
Scotiabank Investor Relations
Scotiabank
416-866-5712
[email protected]
Rick Roth
Scotiabank Public, Corporate and Government Affairs
Scotiabank
(416) 933-1795
[email protected]




Read more...
South American Auto Sales Begin to Stabilize: Scotiabank

Chile Leads the Improvement, Brazil Lags
TORONTO, ON--(Marketwired - June 06, 2016) -  Global car sales accelerated in April, climbing 5.5% y/y and posting the fastest growth since late 2015. Chile has outperformed, with vehicle purchases advancing 7% above a year earlier in the first four months of 2016. However, Brazil continues to lag, with the downturn in sales and economic activity showing no sign of abating. Car sales have started to diverge across South America, following a synchronized double-digit slump throughout the region over the past two years. While Chile is leading the way, sales have also started to exhibit early signs of stabilization in Peru and Colombia."The improving sales trend evident in some South American countries reflects more stable global economic activity in recent months, especially the broad-based rebound in the price of commodities -- the main export for most of South America," said Carlos Gomes, Senior Economist and Auto Industry Specialist at Scotiabank. "The improving export trend will help boost economic activity across South America, as commodities and resource-based manufacturing account for more than 70% of the region's exports."Despite the recent improving trend in car sales among the Pacific Alliance members in South America, we do not expect a quick return to the rapid growth that characterized the South American auto market between 2004 and 2012. During that period, car sales soared 11% per annum, only slightly below the 12% average annual gain across Asia. Economic growth across South America averaged 5% annually during that period, nearly six times faster than our current forecast for 2017, as the region continues to be held back by a prolonged downturn in the largest economy and prolonged lackluster performance globally. More recent data for May shows volumes across North America remain on target to climb to record highs in 2016, led by double-digit gains in Mexico. However, the pace of improvement moderated across the continent last month due to fewer selling days and a shortage of several models, as the recent earthquake in Japan led to brief plant shutdowns in North America. As a result, sales in Canada fell below a year earlier, temporarily interrupting the record-setting trend of recent months. We estimate purchases eased to 1.88 million units in May, from an average of 1.97 million during the previous four months. Other highlights:
In the United States, purchases totalled 17.3 million units in May, in line with the year-to-date average. Sales of small crossovers soared 52% above a year earlier last month, garnering a record share of the U.S. auto market. Financial conditions have also been alleviated across both developed and emerging markets, helping to support economic activity. The narrowing in credit spreads has been most dramatic in Chile, Peru and Colombia, dropping nearly 30% since February, nearly double the decline for the overall emerging market average. While the auto market in Peru has been slower to improve, overall economic activity has been stronger than expected. The Peruvian economy advanced 4.4% above a year earlier in the opening months of 2016, a significant rebound from a cycle-low of only 1.2% in late 2014. The Colombian auto market has lagged other Pacific Alliance members this year, but the fall-off moderated to only 8% y/y in April, the best performance since last July and a sharp improvement from eight consecutive months of double-digit declines. The pace of credit creation has picked up in China and copper import growth has accelerated 30% y/y through April, helping to lift commodity prices and global export activity. Read the full Scotiabank Global Auto Report online at: http://www.scotiabank.com/ca/en/0,,3112,00.html.Scotiabank provides clients with in-depth research into the factors shaping the outlook for Canada and the global economy, including macroeconomic developments, currency and capital market trends, commodity and industry performance, as well as monetary, fiscal and public policy issues. About Scotiabank
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 89,000 employees and assets of $895 billion (as at April 30, 2016), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.
For more information, please contact:

Carlos Gomes
Scotiabank Economics
(416) 866-4735
[email protected]

For media enquiries only:
Debra Chan
Public, Corporate and Government Affairs
Scotiabank
(416) 866-6443
[email protected]



Read more...
Cineplex Rebrands Cinemas in Ottawa and Winnipeg as Scotiabank Theatres

Renaming Follows Recent Extension of Canada's Largest Entertainment Loyalty Program

TORONTO, ONTARIO--(Marketwired - Jun 2, 2016) - Cineplex Entertainment ("Cineplex") (TSX:CGX) today announced that two of its SilverCity theatres will be rebranded as Scotiabank Theatres in the coming months. SilverCity Gloucester Cinemas, located in Ottawa, will change to Scotiabank Theatre Ottawa and Winnipeg's SilverCity Polo Park Cinemas will become Scotiabank Theatre Winnipeg. This rebranding follows Cineplex and Scotiabank's announcement in November 2015 of a 10-year extension to the SCENE loyalty program, naming rights for two additional Scotiabank theatres, VIP Cinema sponsorship and an extension of its media commitment. The program boasts over seven million members who collect points every time they go to the movies, and even faster by signing up for the SCENE debit card™ or the Scotiabank SCENE VISA™ or the reloadable SCENE Prepaid VISA card™. Cineplex currently operates Scotiabank Theatres in Vancouver, Edmonton, Calgary, Saskatoon, Toronto, Montreal, Halifax and St. John's. Scotiabank is also presenting sponsor of Cineplex VIP Cinemas. Guests in Ottawa can expect theatre signage to change in June 2016 and signage to the Winnipeg theatre is scheduled to be installed mid-summer. Movie listings will also be updated to reflect the change. Visit Cineplex.com for more information and show time details. About Scotiabank Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 89,000 employees and assets of $895 billion (as at April 30, 2016), Scotiabank trades on the Toronto (TSX:BNS) and New York Exchanges (NYSE:BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews. About Cineplex Cineplex Inc. ("Cineplex") is one of Canada's leading entertainment companies and operates one of the most modern and fully digitized motion picture theatre circuits in the world. A top-tier Canadian brand, Cineplex operates numerous businesses including theatrical exhibition, food service, amusement gaming, alternative programming (Cineplex Events), Cineplex Media, Cineplex Digital Media, and the online sale of home entertainment content through CineplexStore.com and on apps embedded in various electronic devices. Cineplex is also a joint venture partner in SCENE - Canada's largest entertainment loyalty program. Cineplex is headquartered in Toronto, Canada, and operates 163 theatres with 1,666 screens from coast to coast, serving approximately 77 million guests annually through the following theatre brands: Cineplex Cinemas, Cineplex Odeon, Cineplex VIP Cinemas, Galaxy Cinemas, SilverCity Cinemas, and Scotiabank Theatres. Cineplex also owns and operates the UltraAVX™, Poptopia, and Outtakes brands. Cineplex trades on the Toronto Stock Exchange under the symbol CGX. More information is available at Cineplex.com.





Scotiabank Media Relations Contact
Heather Armstrong
Public, Corporate and Government Affairs
(416) 933-3250
[email protected]
Cineplex Media Relations Contact
Sarah Van Lange
Director, Communications
(647) 287-9582
[email protected]
Cineplex Investor Relations Contact
Pat Marshall
Vice President, Communications and Investor Relations
(416) 323-6648
[email protected]




Read more...
Scotiabank Announces Dividend on Outstanding Shares

TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Scotiabank (TSX:BNS)(NYSE:BNS) today announced a dividend on the outstanding shares of the Bank for the quarter ending July 31, 2016, as follows, payable on July 27, 2016 to shareholders of record at the close of business on July 5, 2016: Common Shares

Dividend No. 588 of $0.72 per share;

Non-Cumulative Preferred Shares

Series 15, Dividend No. 37 of $0.281250 per share; Series 16, Dividend No. 35 of $0.328125 per share; Series 17, Dividend No. 34 of $0.350000 per share; Series 18, Dividend No. 33 of $0.209375 per share; Series 19, Dividend No. 13 of $0.157000 per share; Series 20, Dividend No. 33 of $0.225625 per share; Series 21, Dividend No. 11 of $0.135125 per share; Series 22, Dividend No. 31 of $0.239375 per share; Series 23, Dividend No. 10 of $0.146375 per share; Series 30, Dividend No. 25 of $0.113750 per share; Series 31, Dividend No. 5 of $0.091375 per share; Series 32, Dividend No. 23 of $0.128938 per share; Series 33, Dividend No. 2 of $0.103677 per share; Series 34, Dividend No. 2 of $0.343750 per share. Series 36, Dividend No. 1 of $0.508600 per share.

Holders may elect to receive their dividends in common shares of the Bank in lieu of cash dividends, in accordance with the Bank's Shareholder Dividend and Share Purchase Plan (the "Plan"). As previously announced, until such time as the Bank elects otherwise for the purposes of dividend reinvestments, stock dividends and optional share purchase under the Plan, the Bank will (i) issue Common Shares from treasury at the average market price (as defined in the Plan) and (ii) discontinue the purchase of Common Shares in the secondary market. Such shares will be allotted for issuance by Computershare Trust Company of Canada, as agent under the Plan, for the account of participants in the Plan, in an amount determined in accordance with the provisions of the Plan.





Jake Lawrence
Investor Relations, Scotiabank
(416) 866-5712
[email protected]
Rick Roth
Public, Corporate and Government Affairs, Scotiabank
(416) 933-1795
[email protected]




Read more...
Scotiabank Reports Second Quarter Results

TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Scotiabank (TSX:BNS)(NYSE:BNS) -


All amounts are in Canadian dollars and are based on our unaudited Interim Condensed Consolidated Financial Statements for the quarter ended April 30, 2016 and related notes prepared in accordance with International Financial Reporting Standards (IFRS), unless otherwise noted. Our complete Second Quarter 2016 Report to Shareholders, including our unaudited interim financial statements for the period April 30, 2016, can also be found on the SEDAR website at www.sedar.com and on the EDGAR section of the SEC's website at www.sec.gov. In addition, Supplementary Financial Information is also available, together with the Second Quarter 2016 Report on the Investors Relations page of www.scotiabank.com.









Second Quarter Highlights on a reported basis (versus Q2, 2015)

Second Quarter Year to Date Highlights on a reported basis (versus YTD 2015)



Net income of $1,584 million, compared to $1,797 million


Net income of $3,398 million, compared to $3,523 million



Earnings per share (diluted) of $1.23 compared to $1.42


Earnings per share (diluted) of $2.66 compared to $2.77



ROE of 12.1%, compared to 15.1%


ROE of 13.0%, compared to 14.7%







Second Quarter Highlights adjusting for the restructuring charge(1) (versus Q2, 2015)

Second Quarter Year to Date Highlights adjusting for the restructuring charge(1) (versus YTD 2015)



Net income of $1,862 million, compared to $1,797 million


Net income of $3,676 million, compared to $3,523 million



Earnings per share (diluted) of $1.46 compared to $1.42


Earnings per share (diluted) of $2.89 compared to $2.77



ROE of 14.4%, compared to 15.1%


ROE of 14.1%, compared to 14.7%



Scotiabank reported second quarter net income of $1,584 million compared to $1,797 million in the same period last year. Diluted earnings per share were $1.23, compared to $1.42 in the same period a year ago. Return on equity was 12.1% compared to 15.1% last year. During the second quarter, the Bank recorded a restructuring charge of $278 million after tax ($378 million pre-tax). Adjusting for the restructuring charge, net income increased 4% to $1,862 million and diluted earnings per share rose 3% to $1.46 compared to last year. Return on equity was 14.4% compared to 15.1% a year ago. "The strength of our results this quarter underscores the continued strong performance of both our Canadian Banking and International Banking businesses," said Brian Porter, President and CEO of Scotiabank. "Both businesses delivered solid asset and deposit growth and our strategy to deepen relationships with our customers has translated into growth. Partly offsetting our earnings growth were elevated loan losses in the energy sector, which are expected to decline beginning next quarter. "Canadian Banking generated solid gains in both personal and commercial banking, which contributed to stronger operating results. A consistent focus on improving our business mix led to very strong deposit growth which supported targeted growth in assets that produce attractive returns for our shareholders. "International Banking delivered a third consecutive quarter of at least $500 million of earnings. Earnings increased 12% from last year notwithstanding an elevated level of loan losses that are expected to decline over the second half of this year. The Pacific Alliance countries of Mexico, Peru, Chile and Colombia continued to deliver robust loan and deposit growth, which we expect to continue and reinforces our enthusiasm about the longer term potential for these markets. "Customer behaviours and preferences continue to evolve, and Scotiabank is driving a digital transformation across all customer touch points in order to deliver a consistently excellent customer experience. The Bank's investments to reduce structural costs, including this quarter's restructuring charge, will contribute to the digital transformation of the Bank. Combined, these efforts should result in notable improvements in our productivity. "We are investing to better serve our customers and deliver long-term value to our shareholders. Our efforts are positioning us for continued growth and our team is working together to build an even better bank. "The Bank's Common Equity Tier 1 capital ratio remains strong at 10.1%." Financial results The 2016 second quarter results are presented below:



For the three months ended
For the six months ended




(Unaudited) ($ millions)
April 30

2016
Jan 31

2016
April 30

2015
April 30

2016
April 30

2015


Net interest income
$
3,518
$
3,519
$
3,198
$
7,037
$
6,367


Non-interest income

3,076

2,846

2,739

5,922

5,433



Total revenue

6,594

6,365

5,937

12,959

11,800


Provision for credit losses

752

539

448

1,291

911


Non-interest expenses

3,817

3,568

3,224

7,385

6,421


Income tax expense

441

444

468

885

945


Net income
$
1,584
$
1,814
$
1,797
$
3,398
$
3,523


Net income attributable to non-controlling interest in subsidiaries

61

56

40

117

87


Net income attributable to equity holders of the Bank
$
1,523
$
1,758
$
1,757
$
3,281
$
3,436



Preferred

34

28

30

62

60



Common

1,489

1,730

1,727

3,219

3,376


Earnings per common share (in dollars)













Basic

1.24

1.44

1.43

2.68

2.78



Diluted

1.23

1.43

1.42

2.66

2.77



Non-GAAP measures The Bank uses a number of financial measures to assess its performance. Some of these measures are not calculated in accordance with Generally Accepted Accounting Principles (GAAP), which are based on International Financial Reporting Standards (IFRS), are not defined by GAAP and do not have standardized meanings that would ensure consistency and comparability between companies using these or similar measures. These non-GAAP measures are used throughout this press release and are defined in the "Non-GAAP Measures" section of our Second Quarter 2016 Report to Shareholders. Adjusting for the restructuring charge:



For the three months ended April 30, 2016

For the six months ended April 30, 2016




Reported

Restructuring charge

Adjusted

Reported

Restructuring charge

Adjusted



Net income ($ millions)
$
1,584

$
278

$
1,862

$
3,398

$
278

$
3,676



Diluted earnings per share
$
1.23

$
0.23

$
1.46

$
2.66

$
0.23

$
2.89



Return on equity

12.1
%

2.3
%

14.4
%

13.0
%

1.1
%

14.1
%



Business segment review Canadian Banking Canadian Banking reported net income attributable to equity holders of $977 million, an increase of $148 million or 18% over the same quarter last year. Adjusting for the gain on the sale of a non-core lease financing business ("the gain on sale"), net income increased $48 million or 6%. An increase in the net interest margin, solid growth from assets and deposits and the impact of the credit card portfolio acquired from JPMorgan Chase Bank ("the acquisition") were partially offset by increased non-interest expenses and provision for credit losses. Net income attributable to equity holders increased $102 million or 12% over last quarter. Adjusting for the gain on sale, net income was in line with the previous quarter. Higher net interest margin and lower non-interest expenses were offset by the impact of the shorter quarter. On a year-to-date basis, net income attributable to equity holders increased $208 million or 13%. Adjusting for the gain on sale, net income increased $108 million or 7%, due to higher net interest margin, solid growth from assets and deposits, the impact of the acquisition and higher non-interest revenues. The increase was partially offset by higher non-interest expenses and provision for credit losses. International Banking International Banking reported net income attributable to equity holders of $500 million, an increase of $53 million or 12% over the same quarter last year. Strong organic and acquisition-driven loan, deposit and fee growth, the favourable impact of foreign currency translation and good expense management delivering strong positive operating leverage were partially offset by higher provision for credit losses. Net income attributable to equity holders was down 1% over last quarter, with strong loan and deposit growth in Latin America, contributions from recent acquisitions, higher securities gains and good expense management, more than offset by higher provision for credit losses. On a year-to-date basis, net income attributable to equity holders was $1,005 million, an increase of $141 million or 16%, driven by strong loan, deposit and fee growth in Latin America, contributions from acquisitions, and good expense management delivering positive operating leverage, partly offset by higher provision for credit losses. Global Banking and Markets Net income attributable to equity holders was $323 million, a decrease of $126 million or 28% from the same quarter last year, driven mainly by a higher provision for credit losses, and to a lesser extent, by a lower contribution from equities. Net income attributable to equity holders decreased by $43 million or 12% compared to last quarter. This was mainly due to higher provision for credit losses, the negative impact of foreign currency translation and, to a lesser extent, by a lower contribution from equities, which was partly offset by stronger results in investment banking and fixed income. On a year-to-date basis, net income attributable to equity holders decreased $164 million or 19%. Stronger results in the commodities business and the positive impact of foreign currency translation were more than offset by higher provision for credit losses and lower results in capital markets. Other The Other segment includes Group Treasury, smaller operating segments and other corporate items which are not allocated to a business line. Net loss attributable to equity holders was $277 million. Adjusting for the restructuring charge of $378 million ($278 million after tax), net income was $1 million compared to net income of $32 million in the same period last year. The positive impact of foreign currency translation and a higher net gain on investment securities were more than offset by lower contributions from asset/liability management activities and higher expenses. An increase in the collective allowance against performing loans was offset by lower post-retirement benefit costs of $62 million. Net loss attributable to equity holders was $277 million. Adjusting for the restructuring charge, net income was $1 million compared to net income of $12 million last quarter. Lower net interest income and higher other expenses were partly offset by a higher net gain on investment securities. An increase in the collective allowance against performing loans was offset by the lower post-retirement benefit costs. On a year-to-date basis, net loss attributable to equity holders was $265 million. Adjusting for the restructuring charge, net income was $13 million compared to net income of $75 million last year. The positive impact of foreign currency translation and a higher net gain on investment securities were more than offset by lower contributions from asset/liability management activities. An increase in the collective allowance against performing loans was offset by the lower post-retirement benefit costs. Credit risk The provision for credit losses was $752 million, up from $448 million in the same quarter last year. The increase was driven primarily by higher commercial provisions related to energy exposures in both Global Banking and Markets and International Banking. As well, International Banking increased provisions against a few commercial accounts in Puerto Rico. Canadian Banking retail provisions also increased, driven by growth in higher spread products. The Bank increased its collective allowance against performing loans by $50 million this quarter, primarily relating to the energy sector. The provision for credit losses was up $213 million from $539 million last quarter driven by increases in International Banking, Global Banking and Markets, and the collective allowance against performing loans. On a year-to-date basis, provision for credit losses increased $380 million to $1,291 million from $911 million primarily due to higher provisions related to energy exposures and the increase in collective allowance against performing loans. Capital ratios The Bank continues to maintain a strong capital position. As at April 30, 2016, the CET1, Tier 1, Total capital and Leverage ratios are well above Basel III all-in minimum requirements. Forward-looking statements Our public communications often include oral or written forward-looking statements. Statements of this type are included in this document, and may be included in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission, or in other communications. All such statements are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. Forward-looking statements may include, but are not limited to, statements made in this document, the Management's Discussion and Analysis in the Bank's 2015 Annual Report under the headings "Overview-Outlook," for Group Financial Performance "Outlook," for each business segment "Outlook" and in other statements regarding the Bank's objectives, strategies to achieve those objectives, the regulatory environment in which the Bank operates, anticipated financial results (including those in the area of risk management), and the outlook for the Bank's businesses and for the Canadian, U.S. and global economies. Such statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "intent," "estimate," "plan," "may increase," "may fluctuate," and similar expressions of future or conditional verbs, such as "will," "may," "should," "would" and "could." By their very nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, and the risk that predictions and other forward-looking statements will not prove to be accurate. Do not unduly rely on forward-looking statements, as a number of important factors, many of which are beyond the Bank's control and the effects of which can be difficult to predict, could cause actual results to differ materially from the estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to: the economic and financial conditions in Canada and globally; fluctuations in interest rates and currency values; liquidity and funding; significant market volatility and interruptions; the failure of third parties to comply with their obligations to the Bank and its affiliates; changes in monetary policy; legislative and regulatory developments in Canada and elsewhere, including changes to, and interpretations of tax laws and risk-based capital guidelines and reporting instructions and liquidity regulatory guidance; changes to the Bank's credit ratings; operational (including technology) and infrastructure risks; reputational risks; the risk that the Bank's risk management models may not take into account all relevant factors; the accuracy and completeness of information the Bank receives on customers and counterparties; the timely development and introduction of new products and services in receptive markets; the Bank's ability to expand existing distribution channels and to develop and realize revenues from new distribution channels; the Bank's ability to complete and integrate acquisitions and its other growth strategies; critical accounting estimates and the effects of changes in accounting policies and methods used by the Bank (See "Controls and Accounting Policies - Critical accounting estimates" in the Bank's 2015 Annual Report, as updated by this document); global capital markets activity;

the Bank's ability to attract and retain key executives; reliance on third parties to provide components of the Bank's business infrastructure; unexpected changes in consumer spending and saving habits; technological developments; fraud by internal or external parties, including the use of new technologies in unprecedented ways to defraud the Bank or its customers; increasing cyber security risks which may include theft of assets, unauthorized access to sensitive information or operational disruption; consolidation in the Canadian financial services sector; competition, both from new entrants and established competitors; judicial and regulatory proceedings; natural disasters, including, but not limited to, earthquakes and hurricanes, and disruptions to public infrastructure, such as transportation, communication, power or water supply; the possible impact of international conflicts and other developments, including terrorist activities and war; the effects of disease or illness on local, national or international economies; and the Bank's anticipation of and success in managing the risks implied by the foregoing. A substantial amount of the Bank's business involves making loans or otherwise committing resources to specific companies, industries or countries. Unforeseen events affecting such borrowers, industries or countries could have a material adverse effect on the Bank's financial results, businesses, financial condition or liquidity. These and other factors may cause the Bank's actual performance to differ materially from that contemplated by forward-looking statements. For more information, see the "Risk Management" section starting on page 66 of the Bank's 2015 Annual Report. Material economic assumptions underlying the forward-looking statements contained in this document are set out in the 2015 Annual Report under the heading "Overview-Outlook," as updated by this document; and for each business segment "Outlook". The "Outlook" sections are based on the Bank's views and the actual outcome is uncertain. Readers should consider the above-noted factors when reviewing these sections. The preceding list of factors is not exhaustive of all possible risk factors and other factors could also adversely affect the Bank's results. When relying on forward-looking statements to make decisions with respect to the Bank and its securities, investors and others should carefully consider the preceding factors, other uncertainties and potential events. The Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on its behalf. Additional information relating to the Bank, including the Bank's Annual Information Form, can be located on the SEDAR website at www.sedar.com and on the EDGAR section of the SEC's website at www.sec.gov. Shareholder information Dividend and Share Purchase Plan Scotiabank's dividend reinvestment and share purchase plan allows common and preferred shareholders to purchase additional common shares by reinvesting their cash dividend without incurring brokerage or administrative fees. For more information on participation in the plan, please contact the transfer agent. Website For information relating to Scotiabank and its services, visit us at our website: www.scotiabank.com. Conference call and Web broadcast The quarterly results conference call will take place on May 31, 2016, at 8:00 am EDT and is expected to last approximately one hour. Interested parties are invited to access the call live, in listen-only mode, by telephone, toll-free, at (416) 847-6330 or 1-866-530-1553 (please call five to 15 minutes in advance). In addition, an audio webcast, with accompanying slide presentation, may be accessed via the Investor Relations page of www.scotiabank.com. Following discussion of the results by Scotiabank executives, there will be a question and answer session. A telephone replay of the conference call will be available from May 31, 2016, to June 15, 2016, by calling (647) 436-0148 or 1-888-203-1112 (North America toll-free) and entering the identification code 450190#. The archived audio webcast will be available on the Bank's website for three months. Contact information


Investors:

Scotiabank

Scotia Plaza, 44 King Street West

Toronto, Ontario, Canada M5H 1H1

Telephone: (416) 775-0798

Fax: (416) 866-7867

E-mail: [email protected]

Media:

Contact the Public, Corporate and Government Affairs Department

Scotia Plaza, 40 King Street West

Toronto, Ontario, Canada M5H 1H1

Telephone: (416) 866-6806

Fax: (416) 866-4988

E-mail: [email protected]






Shareholders:



For enquiries related to changes in share registration or address, dividend information, lost share certificates, estate transfers, or to advise of duplicate mailings, please contact the Bank's transfer agent:









Computershare Trust Company of Canada

100 University Avenue, 8th Floor

Toronto, Ontario, Canada M5J 2Y1

Telephone: 1-877-982-8767

Fax: 1-888-453-0330

E-mail: [email protected]



Co-Transfer Agent (U.S.A.)

Computershare Trust Company N.A.

250 Royall Street

Canton, MA 02021 U.S.A.

Telephone: 1-800-962-4284

For other shareholder enquiries, please contact the Finance Department:

Scotiabank

Scotia Plaza, 44 King Street West

Toronto, Ontario, Canada M5H 1H1

Telephone: (416) 866-4790

Fax: (416) 866-4048

E-mail: [email protected]



Rapport trimestriel disponible en français Le Rapport annuel et les états financiers de la Banque sont publiés en français et en anglais et distribués aux actionnaires dans la version de leur choix. Si vous préférez que la documentation vous concernant vous soit adressée en français, veuillez en informer Relations publiques, Affaires de la société et Affaires gouvernementales, La Banque de Nouvelle-Écosse, Scotia Plaza, 44, rue King Ouest, Toronto (Ontario), Canada M5H 1H1, en joignant, si possible, l'étiquette d'adresse, afin que nous puissions prendre note du changement. (1) Refer to "Non-GAAP Measures" section.





Jake Lawrence
Scotiabank Investor Relations
(416) 866-5712
Heather Armstrong
Scotiabank Public, Corporate and Government Affairs
(416) 933-3250




Read more...
Healthy U.S. Auto Market, Despite Soft Used Car Prices

Favourable Affordability and Credit Conditions Point to Further Gains
TORONTO, ON--(Marketwired - May 06, 2016) - Global car sales accelerated to a 5% y/y gain in March, up from a 3.5% increase during the previous two months. Asia led the advance, as double-digit growth resumed in China, following a moderation in February due to the lunar New Year holidays.More recent data for April point to a further improvement across North America. The record-setting pace accelerated further in Canada, with purchases climbing to annualized 2.03 million units last month, up from 2.0 million in the first quarter and a full-year 2015 total of 1.90 million. Sales in the United States also regained momentum in April, rebounding to an annualized 17.4 million units alongside soaring light truck purchases. In particular, sales of luxury crossover utilities rocketed ahead nearly 20% above a year ago, with notable strength in the larger luxury segment. This reflects low gasoline prices -- still 20% below the 2015 full-year average -- as well as strengthening income gains. Disposable income growth has picked up in the United States in recent months, and is now advancing by 4% y/y -- the fastest pace since early 2015. Consumer confidence also remains elevated, with many consumers indicating that this is a good time to make a major purchase."Despite record profitability for the two largest North American automakers in early 2016, concern about vehicle pricing and the U.S. sales outlook remains high among investors and many analysts. Auto manufacturers and parts suppliers are trading at multiples well below historical averages and at a large discount to the overall S&P500," said Carlos Gomes, Senior Economist and Auto Industry Specialist at Scotiabank. The latest fear is that an increase in the number of vehicles coming off-lease has started to pressure used car prices and could eventually impact the new vehicle market, leading to weaker new car and truck prices and potentially lower sales. "However, we do not see any evidence of this occurring. In fact, demand for both new and used vehicles continues to strengthen in the United States, with average transactions prices for new models climbing to record highs in early 2016."U.S. vehicle demand continues to strengthen in both the new and pre-owned auto market. New vehicle purchases have climbed 3% so far this year, and used vehicle demand has advanced 6% y/y though March, only marginally below the gains of recent years. While the number of vehicles coming off-lease will increase over the next few years, the expansion is modest by historical standards, and represents only a 1% per annum increase in the number of total used vehicles for sale in the United States. Furthermore, the increase in the supply of pre-owned models is occurring in an environment of favourable vehicle affordability, rising incomes and demand, as well as low interest rates. All of these factors will facilitate the absorption of these models into the market even with the Federal Reserve continuing to gradually normalize short-term interest rates. Other highlights from the report include:
Western Europe continues to outperform alongside an improving labour market. In contrast, double-digit declines continue in Brazil and Russia. However, there are tentative signs that a bottom may have been reached in Russia. In March, the slide in Russian car sales lessened to only 10% y/y, the smallest decline since late 2014.
Credit availability remains favourable in the United States, with the number of auto loan delinquencies and vehicle repossessions at low levels. Read the full Scotiabank Global Auto Report online at: http://www.scotiabank.com/ca/en/0,,3112,00.html.Scotiabank provides clients with in-depth research into the factors shaping the outlook for Canada and the global economy, including macroeconomic developments, currency and capital market trends, commodity and industry performance, as well as monetary, fiscal and public policy issues.Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 89,000 employees and assets of $920 billion (as at January 31, 2016), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.
For more information, please contact:



Carlos Gomes
Scotiabank Economics
(416) 866-4735
[email protected]

For media enquiries only:

Debra Chan
Public, Corporate and Government Affairs
Scotiabank
(416) 866-6443
[email protected]



Read more...

Ratios

vs
industry
vs
history
PE Ratio 12.73
BNS's PE Ratio is ranked higher than
57% of the 1510 Companies
in the Global Banks - Global industry.

( Industry Median: 14.59 vs. BNS: 12.73 )
Ranked among companies with meaningful PE Ratio only.
BNS' s PE Ratio Range Over the Past 10 Years
Min: 8.19  Med: 12.41 Max: 17.34
Current: 12.73
8.19
17.34
Forward PE Ratio 11.95
BNS's Forward PE Ratio is ranked higher than
67% of the 839 Companies
in the Global Banks - Global industry.

( Industry Median: 13.93 vs. BNS: 11.95 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 12.73
BNS's PE Ratio without NRI is ranked higher than
57% of the 1477 Companies
in the Global Banks - Global industry.

( Industry Median: 14.63 vs. BNS: 12.73 )
Ranked among companies with meaningful PE Ratio without NRI only.
BNS' s PE Ratio without NRI Range Over the Past 10 Years
Min: 8.19  Med: 12.43 Max: 17.34
Current: 12.73
8.19
17.34
PB Ratio 1.69
BNS's PB Ratio is ranked lower than
79% of the 1611 Companies
in the Global Banks - Global industry.

( Industry Median: 1.20 vs. BNS: 1.69 )
Ranked among companies with meaningful PB Ratio only.
BNS' s PB Ratio Range Over the Past 10 Years
Min: 1.24  Med: 2 Max: 3.07
Current: 1.69
1.24
3.07
PS Ratio 3.46
BNS's PS Ratio is ranked lower than
53% of the 1586 Companies
in the Global Banks - Global industry.

( Industry Median: 3.40 vs. BNS: 3.46 )
Ranked among companies with meaningful PS Ratio only.
BNS' s PS Ratio Range Over the Past 10 Years
Min: 2  Med: 3.43 Max: 4.74
Current: 3.46
2
4.74
EV-to-EBIT 5.71
BNS's EV-to-EBIT is ranked higher than
74% of the 1668 Companies
in the Global Banks - Global industry.

( Industry Median: 12.52 vs. BNS: 5.71 )
Ranked among companies with meaningful EV-to-EBIT only.
BNS' s EV-to-EBIT Range Over the Past 10 Years
Min: -1.1  Med: 4.65 Max: 10.4
Current: 5.71
-1.1
10.4
EV-to-EBITDA 5.35
BNS's EV-to-EBITDA is ranked higher than
74% of the 1685 Companies
in the Global Banks - Global industry.

( Industry Median: 11.29 vs. BNS: 5.35 )
Ranked among companies with meaningful EV-to-EBITDA only.
BNS' s EV-to-EBITDA Range Over the Past 10 Years
Min: -1  Med: 4.55 Max: 10.4
Current: 5.35
-1
10.4
PEG Ratio 2.89
BNS's PEG Ratio is ranked lower than
74% of the 811 Companies
in the Global Banks - Global industry.

( Industry Median: 1.43 vs. BNS: 2.89 )
Ranked among companies with meaningful PEG Ratio only.
BNS' s PEG Ratio Range Over the Past 10 Years
Min: 0.75  Med: 1.49 Max: 6.47
Current: 2.89
0.75
6.47
Shiller PE Ratio 15.01
BNS's Shiller PE Ratio is ranked higher than
71% of the 479 Companies
in the Global Banks - Global industry.

( Industry Median: 20.93 vs. BNS: 15.01 )
Ranked among companies with meaningful Shiller PE Ratio only.
BNS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.62  Med: 15.09 Max: 22.28
Current: 15.01
8.62
22.28

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 3.99
BNS's Dividend Yield % is ranked higher than
70% of the 2319 Companies
in the Global Banks - Global industry.

( Industry Median: 2.69 vs. BNS: 3.99 )
Ranked among companies with meaningful Dividend Yield % only.
BNS' s Dividend Yield % Range Over the Past 10 Years
Min: 2.85  Med: 3.89 Max: 7.81
Current: 3.99
2.85
7.81
Dividend Payout Ratio 0.49
BNS's Dividend Payout Ratio is ranked lower than
73% of the 1315 Companies
in the Global Banks - Global industry.

( Industry Median: 0.33 vs. BNS: 0.49 )
Ranked among companies with meaningful Dividend Payout Ratio only.
BNS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.42  Med: 0.47 Max: 0.63
Current: 0.49
0.42
0.63
3-Year Dividend Growth Rate 6.40
BNS's 3-Year Dividend Growth Rate is ranked lower than
52% of the 768 Companies
in the Global Banks - Global industry.

( Industry Median: 7.20 vs. BNS: 6.40 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
BNS' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 2.2  Med: 9.3 Max: 25.7
Current: 6.4
2.2
25.7
Forward Dividend Yield % 3.99
BNS's Forward Dividend Yield % is ranked higher than
68% of the 2248 Companies
in the Global Banks - Global industry.

( Industry Median: 2.73 vs. BNS: 3.99 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 5.65
BNS's 5-Year Yield-on-Cost % is ranked higher than
73% of the 2649 Companies
in the Global Banks - Global industry.

( Industry Median: 3.31 vs. BNS: 5.65 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
BNS' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.03  Med: 5.51 Max: 11.06
Current: 5.65
4.03
11.06
3-Year Average Share Buyback Ratio -0.10
BNS's 3-Year Average Share Buyback Ratio is ranked higher than
75% of the 1042 Companies
in the Global Banks - Global industry.

( Industry Median: -1.80 vs. BNS: -0.10 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
BNS' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -4.9  Med: -0.7 Max: 0.8
Current: -0.1
-4.9
0.8

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.22
BNS's Price-to-Tangible-Book is ranked lower than
85% of the 1576 Companies
in the Global Banks - Global industry.

( Industry Median: 1.27 vs. BNS: 2.22 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
BNS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.18  Med: 2.38 Max: 3.34
Current: 2.22
1.18
3.34
Price-to-Intrinsic-Value-Projected-FCF 0.65
BNS's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
59% of the 869 Companies
in the Global Banks - Global industry.

( Industry Median: 0.78 vs. BNS: 0.65 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
BNS' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.48  Med: 1.18 Max: 15.41
Current: 0.65
0.48
15.41
Price-to-Intrinsic-Value-DCF (Earnings Based) 1.09
BNS's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked lower than
67% of the 139 Companies
in the Global Banks - Global industry.

( Industry Median: 0.85 vs. BNS: 1.09 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
N/A
Price-to-Median-PS-Value 1.00
BNS's Price-to-Median-PS-Value is ranked higher than
63% of the 1462 Companies
in the Global Banks - Global industry.

( Industry Median: 1.14 vs. BNS: 1.00 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
BNS' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.54  Med: 0.95 Max: 1.3
Current: 1
0.54
1.3
Price-to-Graham-Number 1.12
BNS's Price-to-Graham-Number is ranked lower than
65% of the 1364 Companies
in the Global Banks - Global industry.

( Industry Median: 0.96 vs. BNS: 1.12 )
Ranked among companies with meaningful Price-to-Graham-Number only.
BNS' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.8  Med: 1.16 Max: 1.46
Current: 1.12
0.8
1.46
Earnings Yield (Greenblatt) % 17.51
BNS's Earnings Yield (Greenblatt) % is ranked higher than
80% of the 2207 Companies
in the Global Banks - Global industry.

( Industry Median: 5.95 vs. BNS: 17.51 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
BNS' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 9.7  Med: 20.9 Max: 703.9
Current: 17.51
9.7
703.9
Forward Rate of Return (Yacktman) % 12.60
BNS's Forward Rate of Return (Yacktman) % is ranked higher than
54% of the 890 Companies
in the Global Banks - Global industry.

( Industry Median: 11.45 vs. BNS: 12.60 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
BNS' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -1.3  Med: 12.25 Max: 26.8
Current: 12.6
-1.3
26.8

More Statistics

Revenue (TTM) (Mil) $20,536
EPS (TTM) $ 4.52
Beta1.43
Short Percentage of Float0.57%
52-Week Range $47.29 - 62.89
Shares Outstanding (Mil)1,208.28

Analyst Estimate

Oct17 Oct18 Oct19
Revenue (Mil $) 20,685 21,752
EPS ($) 4.83 5.12 5.41
EPS without NRI ($) 4.83 5.12 5.41
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
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