A director at Bank Of Nova Scotia bought 16,000 shares at 63.400CAD and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
Moody's Investors Service (Moody's) has today affirmed the ratings and assessments of The Bank of Nova Scotia (BNS, junior senior unsecured A2) and its rated affiliates, including its a3 Baseline Credit Assessment (BCA). The rating outlooks for the long-term deposit ratings, long-term deposit notes,...
On June 20, 2023, the Office of the Superintendent of Financial Institutions (OSFI) raised the Domestic Stability Buffer (DSB) to 3.5% from 3.0% of total risk-weighted assets for domestic systemically important banks (D-SIBs). Key highlights include: -- OSFI raised the DSB by 50 basis points (bps) to 3.5% in light of mounting vulnerabilities, increasing the minimum CET1 requirement to 11.5%. -- All of the D-SIBs already meet the new requirement, which is effective on November 1, 2023. -- We v...
The Big Six Canadian banks have faced a challenging operating environment and headwinds from persistent inflation, higher interest rates, heightened macroeconomic uncertainty, and U.S. regional banking sector turmoil. As a result, Q2 2023 sequential earnings were negatively affected by a surge in provisions for credit losses (PCL), along with lower revenues resulting from moderating loan growth, rising funding costs, and a continued challenging environment for capital markets and wealth manageme...
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