05:41:28 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,216,571,514
Close 2014-11-18 C$ 69.17
Market Cap C$ 84,150,251,623
Recent Sedar Documents

Globe/wire say Scotiabank enjoys booming M&A fees

2014-11-19 09:22 ET - In the News

The Globe and Mail reports in its Wednesday edition Bank of Nova Scotia is poised to reap Bay Street's biggest investment-banking revenue gains this year as Canadian lenders collect record fees from a surge in energy deals. A Bloomberg dispatch to The Globe says Scotiabank had the biggest jump in revenue from advising on takeovers and arranging financings among the six biggest Canadian banks. Investment-banking fees at Scotia rose at least 40 per cent to more than $700-million, on deals with companies including Fortis, Manulife, Verasen and Baytex. Scotiabank was the top underwriter for Canadian stock sales for the first time in at least 14 years and ranked No. 2 among domestic firms for advising on Canadian takeovers, according to data compiled by Bloomberg based on the year ended Oct. 31. Royal Bank of Canada, with the largest capital-markets operation among the lenders, kept its No. 1 ranking for advising on takeovers and handling corporate bond sales, while TD took top spot for managing debt sales of governments. Bank of Montreal kicks off earnings season Dec. 2, with the five other large lenders reporting that week. Scotiabank has said it will record a $341-million charge in the quarter.

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