02:23:57 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,214,049,727
Close 2024-01-09 C$ 63.62
Market Cap C$ 77,237,843,632
Recent Sedar Documents

FP says analyst seeks details on Scotiabank big "reset"

2024-01-09 07:31 ET - In the News

The Financial Post reports in its Tuesday edition that interest rates, capital buffers and expense management are among the big issues facing Canada's biggest banks in 2024, but in the view of National Bank of Canada analyst Gabriel Dechaine, they are only a start. The Post's Denise Paglinawan writes that in a note released ahead of today's RBC Capital Markets 2024 Canadian Bank CEO Conference, the industry's first banking jamboree of 2024, Mr. Dechaine laid out 10 questions each for the Big Six banks, as well as some for lesser players in the sector, ranging from the big picture to highly specific details of the banks' operations. The industry-wide questions included whether interest rate cuts as forecast will affect net interest margins, what level of rate cuts the banks would prefer in 2024 and whether more restructuring charges will be recorded in 2024. Bank of Nova Scotia's big strategic reset in December is clearly on Mr. Dechaine's mind. His questions for the bank include asking about the challenges new management is facing in getting buy-in from long-term staff and sussing out details on its capital allocation plan, which has been refocused on North America.

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