BNS Stock Recent News
BNS LATEST HEADLINES
TORONTO , May 1, 2025 /PRNewswire/ - Scotiabank (TSX: BNS) (NYSE: BNS) today announced its intention to redeem all outstanding US $1,250 million 4.900% Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes (Non-Viability Contingent Capital (NVCC)) (the "Notes") at 100% of their principal amount plus accrued and unpaid interest to, but excluding, the date fixed for redemption. The redemption of the Notes will occur on June 4, 2025.
Bank of Nova Scotia has underperformed over the last decade, but is poised for a turnaround under new CEO Scott Thomson. The bank's new strategy focuses on growth in Canada, the U.S., and Mexico, while exiting less profitable markets like Colombia. Emphasis is on capital-light businesses such as wealth management and increasing efficiency in existing operations, particularly in Latin America.
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March investments totaled around $1,200, mainly in BDCs like Blue Owl Capital and Ares Capital, boosting annual dividend income by $100. Dividend income hit a new all-time record of $1,404, up 17% Y/Y driven by substantial purchases over the last twelve months. Focus remains firmly on maintaining rising BDC dividends and achieving a monthly increase of at least $100 in dividend income.
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GUADALAJARA, Mexico, March 31, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC; BMV: GAP) (“the Company” or “GAP”) announces that its subsidiary, MBJ Airports Limited (MBJA), has extended the maturity date to October 4, 2029, of its USD$60.0 million credit line with the Bank of Nova Scotia and the Bank of Nova Scotia Jamaica Limited.
Bank of Nova Scotia stock is currently rated as a 'hold' due to macro risks, volatile share price, and underwhelming reported earnings. Despite short-term challenges, BNS shows resilience, with 7% YoY growth in adjusted net income and a solid dividend yield of around 6%. BNS's valuation is neutral with a P/B ratio of 1.0, but its P/E ratio suggests a slight overvaluation compared to peers.