Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  The Bank of Nova Scotia    BNS   CA0641491075

THE BANK OF NOVA SCOTIA

(BNS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Canadian banks delay employees' return to offices until at least spring

11/26/2020 | 10:53am EST
Phase 2 of the reopening from the coronavirus disease (COVID-19) restrictions in Toronto

TORONTO (Reuters) - Toronto-Dominion Bank said the majority of its employees are unlikely to come back to their workplaces until at least the spring, an internal memo seen by Reuters on Thursday showed, joining rivals Bank of Montreal and Canadian Imperial Bank of Commerce in delaying a return to work sites.

"A return to TD locations at scale (is) not likely until at least the spring," Kenn Lalonde, executive vice president for human resources at Canada's second-largest lender, said in the memo.

"Should you be asked to return before then, we will continue to make every effort to provide you with four weeks advance notice," he added.

On Wednesday, BMO and CIBC said employees working from home will continue to do so until at least April.

Most office-based employees at Canadian banks have been working remotely since the start of the coronavirus pandemic in March. A resurgence in cases in many parts of the country, including Toronto, has prompted the resumption of lockdowns and tighter safety measures.

About 40% of downtown Toronto tenants are financial and law firms, according to Deloitte, and banks occupy many of the city's prime office towers.

Royal Bank of Canada, the nation's largest lender, hasn't set a timeframe for a return to its workplaces. But in a Nov. 12 memo seen by Reuters, the bank encouraged employees in the Toronto area who had gone back to their work sites to resume working from home if possible due to provincial lockdowns.

Bank of Nova Scotia has chosen not to set a specific timeframe for remote-working employees to return, given continued uncertainty around the pandemic, according to an e-mailed statement.

"We have advised employees that they will receive ample notice of any re-entry plans, including at least four weeks notice, should they be asked to return to the physical office setting," the statement said.

(Reporting by Nichola Saminather; Editing by Paul Simao)

By Nichola Saminather


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF COMMERCE HOLDINGS 0.67% 10.55 Delayed Quote.5.86%
BANK OF MONTREAL -0.09% 98.05 Delayed Quote.1.41%
CANADIAN IMPERIAL BANK OF COMMERCE -0.10% 110.86 Delayed Quote.2.07%
PRIME OFFICE A/S -2.86% 204 Delayed Quote.1.94%
ROYAL BANK OF CANADA -0.28% 105.99 Delayed Quote.1.63%
THE BANK OF NOVA SCOTIA -0.57% 69.54 Delayed Quote.1.66%
All news about THE BANK OF NOVA SCOTIA
04:46pBANK OF NOVA SCOTIA : Scotiabank Announces Dividend on Preferred Shares Series 3..
AQ
12:48pBANK OF NOVA SCOTIA : Primary Offering Prospectus (SEC Filing - 424B2)
PU
01/25BANK OF NOVA SCOTIA : 70% of Canadian investors uncertain about what to do with ..
AQ
01/22BANK OF NOVA SCOTIA : Scotia Global Asset Management honoured to receive 41 awar..
AQ
01/22BANK OF NOVA SCOTIA : Scotia Global Asset Management announces January 2021 cash..
AQ
01/22BANK OF NOVA SCOTIA : Scotia Global Asset Management announces non-cash distribu..
AQ
01/19Canada Factory Sales Fall 0.6% in November From October -- Update
DJ
01/19Canada Factory Sales Fall 0.6% in November From October
DJ
01/19BANK OF NOVA SCOTIA : Introducing the 2021 Scotiabank Giller Prize Jury
AQ
01/18Canada Housing Starts Drop 12.8% in December
DJ
More news
Financials
Sales 2021 30 269 M 23 825 M 23 825 M
Net income 2021 7 350 M 5 785 M 5 785 M
Net Debt 2021 - - -
P/E ratio 2021 11,6x
Yield 2021 5,15%
Capitalization 84 787 M 66 725 M 66 736 M
Capi. / Sales 2021 2,80x
Capi. / Sales 2022 2,66x
Nbr of Employees 92 001
Free-Float 100,0%
Chart THE BANK OF NOVA SCOTIA
Duration : Period :
The Bank of Nova Scotia Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE BANK OF NOVA SCOTIA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 69,25 CAD
Last Close Price 69,94 CAD
Spread / Highest target 10,1%
Spread / Average Target -0,98%
Spread / Lowest Target -18,5%
EPS Revisions
Managers and Directors
NameTitle
Brian Johnston Porter President, CEO & Non-Independent Director
Aaron William Regent Chairman
Loretta Marcoccia Chief Operating Officer, EVP-Global Banking
Rajagopal Viswanathan Chief Financial Officer & Executive Vice President
Michael Zerbs Group Head-Technology & Operations
Sector and Competitors