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Scotiabank Announces Redemption of US $1,250 million 4.900% Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes
Prnewswire· 2025-05-01 15:30
TORONTO, May 1, 2025 /PRNewswire/ - Scotiabank (TSX: BNS) (NYSE: BNS) today announced its intention to redeem all outstanding US $1,250 million 4.900% Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes (Non-Viability Contingent Capital (NVCC)) (the "Notes") at 100% of their principal amount plus accrued and unpaid interest to, but excluding, the date fixed for redemption. The redemption of the Notes will occur on June 4, 2025. Formal notice will be delivered to the noteholders in ac ...
Back Up The Truck With These 3 High-Yielding SWANs
Seeking Alpha· 2025-04-18 13:56
Core Insights - The article emphasizes the comprehensive research services provided by iREIT® and HOYA Capital, focusing on various income-oriented investment vehicles such as REITs, BDCs, MLPs, and Preferreds [1][2]. Group 1: Company Overview - iREIT® and HOYA Capital lead an investment group that offers extensive coverage of REITs and other income-oriented alternatives, supported by a team of analysts with over 100 years of combined experience [2]. - Brad Thomas, a key figure in the investment group, has over 30 years of experience in real estate investing, having been involved in transactions exceeding $1 billion in commercial real estate [3]. Group 2: Research and Data Services - The iREIT® Tracker provides data on more than 250 tickers, including quality scores, buy targets, and trim targets, aimed at assisting investors in making informed decisions [1].
Want $1,000 in Annual Dividends? Invest $17,000 in These 3 Stocks
The Motley Fool· 2025-04-09 09:12
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Make Money While You Sleep: 2 Dividends For A Retirement Dream
Seeking Alpha· 2025-03-19 11:35
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The Bank of Nova Scotia(BNS) - 2025 Q1 - Earnings Call Presentation
2025-02-25 16:53
Investor Presentation February 25, 2025 Caution Regarding Forward-Looking Statements Forward-looking Statements From time to time, our public communications 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 (SEC), or in other communications. In addition, representatives of the Bank may include forward-looking statements orally to ana ...
The Bank of Nova Scotia(BNS) - 2025 Q1 - Earnings Call Transcript
2025-02-25 16:34
The Bank of Nova Scotia (NYSE:BNS) Q1 2025 Earnings Conference Call February 25, 2025 7:15 AM ET Company Participants John McCartney - Head of Investor Relations Scott Thomson - President and Chief Executive Officer Raj Viswanathan - Group Head and Chief Financial Officer Phil Thomas - Group Head and Chief Risk Officer Aris Bogdaneris - Group Head, Canadian Banking Jacqui Allard - Group Head, Global Wealth Management Francisco Aristeguieta - Group Head, International Banking Travis Machen - CEO and Group He ...
Bank of Nova Scotia (BNS) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2025-02-25 13:06
Group 1 - Bank of Nova Scotia (BNS) reported quarterly earnings of $1.22 per share, exceeding the Zacks Consensus Estimate of $1.17 per share, but down from $1.25 per share a year ago, representing an earnings surprise of 4.27% [1] - The bank's revenues for the quarter ended January 2025 were $6.47 billion, surpassing the Zacks Consensus Estimate by 4.57%, compared to $6.24 billion in the same quarter last year [2] - Over the last four quarters, Bank of Nova Scotia has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Group 2 - The stock has underperformed the market, losing about 5.8% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The current consensus EPS estimate for the upcoming quarter is $1.19 on revenues of $6.17 billion, and for the current fiscal year, it is $4.90 on revenues of $25.24 billion [7] - The Zacks Industry Rank for Banks - Foreign is currently in the bottom 35% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]
The Bank of Nova Scotia(BNS) - 2025 Q1 - Quarterly Report
2025-02-25 12:18
Ta b l e o f C o n t e n t s E x hibit 9 9.1 Quarterly Report to Shareholders Scotiabank reports first quarter results TORONTO, February 25, 2025 – The Bank of Nova Scotia ("Scotiabank") (TSX: BNS; NYSE: BNS) reported first quarter net income of $993 million compared to $2,199 million in the same period last year. This quarter's net income includes an impairment loss of $1,355 million related to the announced sale of the banking operations in Colombia, Costa Rica and Panama to Davivienda. Diluted earnings p ...
3 No-Brainer High-Yield Turnaround Stocks to Buy Right Now for Less Than $500
The Motley Fool· 2025-01-25 09:50
Turnaround Investing and Dividend Yields - Turnaround investing is attractive due to the potential for long-term survival and growth, especially when combined with high dividend yields [1][2] - Aggressive income investors may consider Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), and EPR Properties (EPR) for their high yields and turnaround potential [2] Toronto-Dominion Bank (TD) - TD Bank is one of Canada's largest banks, operating conservatively due to heavy regulation, with a historically high dividend yield of 5.1% [3] - The US banking operations face challenges, including a large fine for money laundering controls, an asset cap, and slower growth prospects [4][5] - Despite US regulatory issues, TD Bank increased its dividend, indicating stability, and its strong Canadian business provides a fallback [6] Bank of Nova Scotia (BNS) - Scotiabank is another major Canadian bank with a strong foundation and a high dividend yield of 5.3% [7] - The bank is refining its strategy by exiting underperforming South American markets and reinvesting in the US, including a recent 15% stake in KeyCorp [8][9] - Management is taking quick action, but the market remains cautious due to years of lagging performance [10] EPR Properties (EPR) - EPR Properties is a REIT focused on experiential properties, heavily impacted by the pandemic, with 36% of rents coming from struggling movie theaters [11][12] - The company has reworked its portfolio, improved tenant rent coverage to 2.6x from 2.0x in 2019, and reinstated a dividend with a payout ratio of 66% in Q3 [12][13] - EPR offers a high dividend yield of 7.3%, making it an attractive option for investors willing to take on some risk [13] Overall Investment Opportunity - TD Bank, Scotiabank, and EPR Properties are all in turnaround phases, with high dividend yields and potential for recovery [14] - Each stock is priced below $500, offering accessible entry points for investors [14]
Scotiabank to Transfer Latin American Banking Operations to Davivienda
ZACKS· 2025-01-07 17:57
Core Viewpoint - Scotiabank has agreed to transfer its banking operations in Colombia, Costa Rica, and Panama to Davivienda, while also acquiring a 20% equity stake in Davivienda through newly issued shares, aiming to enhance profitability and operational efficiency in its international banking markets [1][2][5]. Group 1: Transaction Details - Scotiabank will acquire approximately 20% equity stake in Davivienda through a mix of common and preferred shares, allowing it to appoint board members proportional to its ownership [2]. - The deal includes a mutual referral agreement enabling Scotiabank to service its Corporate, Wealth, and Global Banking clients within Davivienda's operational regions [3]. - The transaction is expected to be completed in about 12 months, pending regulatory approvals [3]. Group 2: Financial Impact - Scotiabank will recognize an after-tax impairment loss of approximately C$1.4 billion in Q1 of fiscal 2025, which may reduce its common equity tier 1 (CET1) ratio by 10-15 basis points [4]. - An additional loss of C$300 million is anticipated upon closure due to cumulative foreign currency translation losses [4]. - The deal is projected to be neutral to Scotiabank's capital, with a potential increase in earnings in the coming years and an estimated increase in CET1 ratio by 10-15 bps due to reduced risk-weighted assets [6]. Group 3: Strategic Rationale - The transaction aligns with Scotiabank's five-year plan to boost profitability in international markets and enhance operational efficiency in non-core areas [5]. - The agreement supports Scotiabank's strategy to create a connected value proposition focused on growth markets in North America and Latin America [5]. - Francisco Aristeguieta, Group Head of International Banking, emphasized that this agreement advances the execution plan towards sustainable and higher returns across international markets [6]. Group 4: Market Performance - Scotiabank's shares have increased by 18.8% over the past six months, outperforming the industry growth of 3.5% [7].