Bank Of Nova Scotia Net Worth is$62.2 B
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Company Name: Bank of Nova Scotia, doing business as Scotiabank
Company Type: Public company
Traded As: BNS, S&P/TSX 60
Foundation: 1832, Halifax Regional Municipality, Nova Scotia
Location: Toronto, Ontario [Domicile]: Halifax Regional Municipality, Nova Scotia
Key People: '''Richard E. Waugh''' (CEO), Sean McGuckin (CFO)
Industry: Financial services
Assets: $670 billion Canadian dollar (2012)
Revenue: $17.58 billion Canadian dollar (2011)
Net Income: {{profit}} $5.27 billion Canadian dollar (2011)
Num Employees: 81,000 (2012)
Homepage: [http://scotiabank.com/ scotiabank.com]
The Bank of Nova Scotia (French: Banque de la Nouvelle-A?cosse), commonly known as Scotiabank (French: Banque Scotia), is the third largest bank in Canada by deposits and market capitalization. It serves some 19 million customers in more than 55 countries around the world and offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets above $670 billion, Scotiabank shares trade on the Toronto and New York stock exchanges.
The bank was incorporated by the Legislative Assembly of Nova Scotia on March 30, 1832, in Halifax, Nova Scotia, with William Lawson (1772a??1848) serving as the first president. The bank moved its executive offices to Toronto, Ontario, in March 1900. Scotiabank has billed itself as "Canada's International Bank" due to its acquisitions primarily in Latin America and the Caribbean, but also in Europe and India as well. BNS Institution Number (or bank number) is 002. The company ranked at number 92 on the Forbes Global 2000 listing in 2012 and is currently under the leadership of Richard E. Waugh who serves as CEO and Brian Porter, who serves as President.
Scotiabank was founded in Halifax, Nova Scotia, in 1832 under the name of the Bank of Nova Scotia. The bank's vision was to facilitate the trans-Atlantic trade of the time. Later, in 1883, Bank of Nova Scotia acquired The Union Bank of Prince Edward Island, although most of the bank's expansion efforts in the century took the form of branch openings.
The bank launched its branch banking system by opening in Windsor, Nova Scotia. The expansion was limited to the Maritimes until 1882, when the bank moved west by opening a branch in Winnipeg, Manitoba. The Manitoba branch later closed but the bank continued to expand into the American Midwest. This included opening a branch in Minneapolis in 1885 which later transferred to Chicago in 1892. Following the collapse of the Commercial Bank of Newfoundland and Union Bank of Newfoundlan

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Bank Of Nova Scotia Latest News

Scotiabank Falls as Capital Markets Drop Dilutes Domestic Gains

Bank of Nova Scotia fell the most in seven months after fourth-quarter profit and revenue missed analysts’ estimates on a slump in capital markets activity. Shares of Canada’s third-largest lender slid 2.5 percent to C$81.42 at 9:48 a.m. in Toronto ...
Posted: November 28, 2017, 3:41 am

Bank of Nova Scotia (BNS) Announces Agreement with BBVA to Acquire 68.19% Stake in BBVA Chile for $2.2B

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. Scotiabank (NYSE: BNS)announced today that Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has formally accepted Scotiabank's offer to acquire its ...
Posted: December 5, 2017, 6:11 am

Bank of Nova Scotia’s Solid Results Make it a Must-Own Stock

The bank’s full-year 2017 net income grew by 12% year over year to $8.2 billion, while its book value shot up by 6%, indicating that its assets continue to grow at a solid rate. The solid bottom line was underpinned by a strong performance from ...
Posted: December 3, 2017, 8:36 am
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