Company
Bank of Nova Scotia
Headquarters: Halifax, NS, Canada
Founded: March 30, 1832
Employees: 89,782
CEO: Mr. Brian Johnston Porter A.M.P., B.Com.
Market Cap
C$76.14 Billion
CAD as of Jan. 1, 2024
US$57.48 Billion
Bank of Nova Scotia Categories
Canada Financials Banks—DiversifiedCanada Financials Canada Banks—Diversified
Company Description
Operating as Scotiabank, the Bank of Nova Scotia is a multinational bank. Founded in 1832, the Bank of Nova Scotia has become "the most international bank of Canada" through its acquisitions in more than fifty countries of Latin America and the Caribbean, Europe, and parts of Asia.
Top Competitors by Market Capitalization
Industry: Banks—Diversified
| Company | Market Cap (USD) |
|---|---|
| JPMorgan | $495.55 B |
| Bank of America | $267.48 B |
| ICBC | $226.49 B |
| Wells Fargo | $178.97 B |
| Agricultural Bank of China | $178.47 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses, including automotive financing solutions to dealers and their customers. It also provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides online, mobile, and telephone banking services. The company operates a network of 954 branches and approximately 3,766 automated banking machines in Canada; and approximately 1,300 branches and a network of contact and support center internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.
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Stocks & Indices
Bank of Nova Scotia has the following listings and related stock indices.
Stock: TSX: BNS wb_incandescent
Stock: FSX: BKN wb_incandescent
Stock: NYSE: BNS wb_incandescent
Stock: TSX: BNS.PR.G wb_incandescent
Stock: TSX: BNS.PR.H wb_incandescent
Stock: TSX: BNS.PR.I wb_incandescent
Stock: TSX: BNS.PR.D wb_incandescent
Key People
Brian J. Porter (president and CEO) Raj Viswanathan (CFO)
Financials
Revenue: C$31.25 billion (2021)
Net income: C$9.96 billion (2021)
Total assets: C$1.18 trillion (2021)
Total equity: C$72.89 billion (2021)