The Bank of Nova Scotia (Scotiabank) is a provider of personal and commercial, and private banking; wealth management; investment banking; and capital markets solutions to individuals, corporates, and SME clients. It offers individual savings and business accounts, travelers' cheques, debit and credit cards, lines of credit, loans and mortgages, investment certificates, payment and merchant services, and life and non-life insurance. The bank provides cash management, business planning, and advisory, securities lending, equity execution services, underwriting and brokerage, foreign exchange, investment products and advisory, online banking, overdraft protection, and mobile banking, among others. It operates through branches, digital platforms, third-party channels, ATMs, and financial advisors in North America, Asia, Europe, and Central and Latin America. Scotiabank is headquartered in Toronto, Canada.
Headquarters
Canada
Address
40 Temperance Street, Toronto, Ontario, M5H0B4
Website
www.scotiabank.com
Telephone
1 416 8663672
No of Employees
90,979
Industry
Financial Services
Ticker Symbol & Exchange
BNS (TSE)
Revenue (2023)
$37.4B
-10.2%
(2023 vs 2022)
EPS
XXX
Net Income (2023)
XXX
42%
(2023 vs 2022)
Market Cap*
$63.7B
Net Profit Margin (2022)
XXX
58.1%
(2023 vs 2022)
* As of and is in US$
Access premium data and analytics for The Bank of Nova Scotia
Products and Services
| Products | Services |
|---|---|
| Accounts and Deposits: | On-line Banking |
| Checking Account | Direct Deposit |
| Savings Account | Overdraft Protection |
| XXX | XXX |
| XXX | XXX |
| XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Others | In January, the company introduced US$1.50 fee for online transfers to other banks. |
| 2022 | New Products/Services | In November, Scotiabank Bahamas offered a package of eCommerce solutions. |
| 2022 | New Products/Services | In November, Scotia Global Asset Management launched emerging markets ETF on the NEO exchange. |
Competitor Comparison
| Key Parameters | The Bank of Nova Scotia | Bank of America Corp | Wells Fargo & Co | Citigroup Inc | Royal Bank of Canada |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | United States of America | Canada |
| City | Toronto | Charlotte | San Francisco | New York | Toronto |
| State/Province | Ontario | North Carolina | California | New York | Ontario |
| No. of Employees | 90,979 | 210,000 | 243,674 | 231,000 | 88,541 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Aaron W. Regent | Chairman | Executive Board | 2013 | - |
| Scott Thomson | Director; President | Executive Board | 2022 | - |
| Jake Lawrence | Head - Global Banking and Markets; Chief Executive Officer | Senior Management | 2021 | - |
| Raj Viswanathan | Chief Financial Officer; Head | Senior Management | 2019 | - |
| Phil Thomas | Chief Risk Officer | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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