Insurance and pension operations in the Dominican Republic (closed 2019) Insurance and banking operations in El Salvador (closed 2020)īanking operations in the Caribbean: Anguilla, Dominica, Grenada, St. Operations in Puerto Rico and USVI (closed 2020) Operations in British Virgin Islands (closed 2020)Įquity-accounted investment in Thanachart Bank, Thailand (closed 2020)

Similarly, it also costs Scotiabank to close businesses should it find better places to allocate capital. Jarislowsky, Fraser Limited, Canada (closed 2018)Ĭitibank consumer and small and medium enterprise operations, Colombia (closed 2018) MD Financial Management, Canada (closed 2018)

Here are its recent acquisitions, listed in its 2021 annual report:īanco Dominicano del Progreso, Dominican Republic (closed 2019) Perhaps it's because the bank has been quite acquisitive, which complicates the business and requires integration costs. Its three-, five-, and 10-year EPS growth rates are 3.4%, 5.4%, and 5.3%, respectively. The bank notes that its medium-term objective is for earnings-per-share ('EPS') growth to be at least 7% and return on equity ('ROE') to be at least 14%. By business segment, it generated 43% of adjusted earnings from Canadian Banking, 21% from Global Banking and Markets, 19% from International Banking, and 17% from Wealth Management. In fiscal 2021, Scotiabank generated 68% of its adjusted earnings in Canada, 18% in the Pacific Alliance region, and 7% in the United States. Even when the COVID-19 pandemic was widespread and there were economic shutdowns in 2020, this percentage only averaged 0.52% for fiscal 2020. That said, the business is solid as its net impaired loans was still low at only 0.36% of loans and acceptances in fiscal Q3. While the latter group could experience higher growth, they are also riskier, particularly in today's high inflation and rising interest rate environment. Other than generating core earnings from Canada, it has also chosen to focus on other geographies, including the United States and the Pacific Alliance region - namely, Mexico, Peru, Chile, and Colombia. What makes Bank of Nova Scotia ( NYSE: BNS)( TSX: BNS:CA), the third-largest by market cap, different? The big Canadian banks are different in their own ways.

Bank of nova scotia stock