Company: Bank of Nova Scotia

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Weak financial markets pushed down wealth management revenue

compensation communication

As the bid for talented advisors increases, other Big Six banks haven't made material changes to compensation for incoming branch advisors

  • By: Katie Keir
  • August 19, 2022 August 19, 2022
  • 10:30
House placed on coins Men's hand is planning savings money of coins to buy a home concept concept for property ladder, mortgage and real estate investment. for saving or investment for a house,

Banks likely to build loan-loss provisions as economic uncertainty grows

Low angle view of Skyscrapers in downtown Toronto during the day

The Bank of Canada said interest rates will need to rise further to reduce the highest inflation in decades

  • By: IE Staff
  • July 13, 2022 July 13, 2022
  • 16:20
Low angle view of Skyscrapers in downtown Toronto during the day

Rating agency affirms Big Six ratings, upgrades Scotia's outlook

Low angle view of Skyscrapers in downtown Toronto during the day

Revenues were generally strong but earnings differed based on loan-loss reserves, Fitch said

Modern office building close up in sunlight

Global wealth management earnings grew 9%

Low angle view of Skyscrapers in downtown Toronto during the day

Big Six profits should get a lift from the BoC's inflation fight

But the banks say that climate-related shareholder proposals limit their options for achieving net-zero commitments

CEO's prepared remarks at the meeting included criticism of the proposed federal bank surtax, which is expected in Thursday's budget