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Create accountThe 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.
No of Employees
90,833
Industry
Financial Services
Ticker Symbol & Exchange
BNS (TSE)
Revenue (2020)
$33.0B
-8.4%
(2020 vs 2019)
EPS
XXX
Net Income (2020)
XXX
-20.1%
(2020 vs 2019)
Market Cap*
$76.8B
Net Profit Margin (2020)
XXX
-13.8%
(2020 vs 2019)
* As of and is in US$
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 |
|---|---|---|
| 2021 | Contracts/Agreements | In October, the company entered into a partnership with Google Cloud to accelerate its global data and analytics strategy. |
| 2021 | Contracts/Agreements | In May, the company reached an agreement to increase its ownership in Chilean operations through acquisition of an additional 7.0% stake from the Said family. |
| 2021 | New Products/Services | In January, the company launched ScotiaRISE, a US$500 million initiative to promote economic resilience among disadvantaged groups. |
Competitor Comparison
| Key Parameters | The Bank of Nova Scotia | Bank of America Corp | Citigroup Inc | Wells Fargo & Co | Royal Bank of Canada |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | United States of America | Canada |
| City | Toronto | Charlotte | New York | San Francisco | Toronto |
| State/Province | Ontario | North Carolina | New York | California | Ontario |
| No. of Employees | 90,833 | 212,000 | 214,000 | 259,196 | 85,887 |
| Entity Type | Public | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Aaron W. Regent | Chairman | Executive Board | 2019 | - |
| Brian J. Porter | President; Director; Chief Executive Officer | Executive Board | 2013 | 63 |
| Jake Lawrence | Head - Global Banking and Markets; Chief Executive Officer | Senior Management | 2021 | - |
| Raj Viswanathan | Chief Financial Officer; Head | Senior Management | 2019 | - |
| Daniel Moore | Chief Risk Officer; Group Head - Global Management of Risk, Including Enterprise, Credit, and Market Risk | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2021 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2021 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2021 | XX |