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Bank of Nova Scotia (N:BNS)

Business Focus: Banks

Sector:  Financials Industry:  Banks
 
Company Contact
Address: 40 Temperance Street
TORONTO ON M5H 0B4
Tel: N/A
Website: https://www.scotiabank.com
IR: See website
Key People
L. Scott Thomson
President, Chief Executive Officer, Director
Martin Weeks
Executive Vice President, Group Treasurer
Paul Baroni
Executive Vice President, Finance and Chief Financial Officer, Canadian Banking
Rajagopal Viswanathan
Group Head and Chief Financial Officer
Jake P. Lawrence
Chief Executive Officer and Group Head - Global Banking and Markets
James Neate
President and Group Head, Corporate and Investment Banking
Barbara F. Mason
Group Head and Chief Human Resources Officer
Anique Asher
Executive Vice President - Finance and Strategy
Nicole Frew
Executive Vice President, Chief Compliance Officer
Ian Arellano
Executive Vice President, General Counsel
   
Business Overview
The Bank of Nova Scotia is a bank in the Americas. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Its segments include Canadian Banking, International Banking, Global Wealth Management and Global Banking and Markets. The Canadian Banking segment provides a full suite of financial advice and banking solutions to retail, small business and commercial banking customers. The International Banking segment is a diverse franchise with Retail, Corporate, and Commercial customers. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across its footprint. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.
Financial Overview
For the three months ended 31 January 2024, Bank of Nova Scotia interest income increased 17% to C$15.44B. Net interest income after loan loss provision decreased 3% to C$3.81B. Net income applicable to common stockholders increased 27% to C$2.07B. Net interest income after loan loss provision reflects Global Banking and Markets segment decrease of 21% to C$349M, Canada segment decrease of 12% to C$1.76B.