Quarterly Financial Performance
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Common Share and Other Information
Valuation
Book value per common share ($)(1)
2023
2022
2021
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
03
Year-To-Date
Full Year
Q3
2023
2022
2022
2021
56.40
57.65
55.47
54.68
54.52
54.13
54.94
53.28
53.26
56.40
54.52
54.68
53.28
Share price ($)
- High
68.07
74.41
72.04
81.98
86.22
95.00
93.34
83.11
82.35
74.41
95.00
95.00
83.11
- Low
63.05
63.85
64.06
63.19
71.21
81.25
79.62
75.84
76.56
63.05
71.21
63.19
55.11
- Close
66.40
67.63
72.03
65.85
78.01
81.35
91.56
81.14
77.87
66.40
78.01
65.85
81.14
Share price (closing) as % of book value (¹)
117.7
117.3
129.8
120.4
143.1
150.3
166.6
152.3
146.2
117.7
143.1
120.4
152.3
Price (closing)/earnings ratio (X) (1) (2)
10.3
Market capitalization ($ millions)
80,034
9.9
81,033
9.9
85,842
8.2
78,452
9.3
93,059
9.8
97,441
11.4
110,274
10.5
10.8
10.3
9.3
8.2
98,612
94,620
80,034
93,059
78,452
10.5
98,612
Dividends
Common dividends paid ($ millions)
Common dividends/share ($)
1,270
1,227
1,228
1,227
1,229
1,195
1,207
1,095
1.06
1.03
1.03
1.03
1.03
1.00
1.00
0.90
1,093
0.90
3,725
3.12
3,631
3.03
4,858
4,371
4.06
3.60
Shares
Number of common shares outstanding at period end (millions)
Average number of common shares outstanding (millions)
1,205
1,198
1,192
1,191
1,193
1,198
1,204
1,215
1,215
Basic
1,199
1,192
1,192
1,192
1,195
1,199
1,211
1,215
1,215
1,194
1,201
1,199
1,214
- Diluted
1,214
1,197
1,199
1,199
1,203
1,201
1,230
1,224
1,223
1,201
1,221
1,208
1,225
Other Information (3)
Employees (4)
Branches and offices (5)
ABMs
91,013
2,398
91,030
91,264 90,979
90,978
90,619 89,782
89,488
90,833
2,398
2,411
2,439
2,447
2,460
2,479
2,573
2,610
8,551
8,561
8,540
8,610
8,619
8,501
8,505
8,610
8,609
Legacy Senior Debt Credit Ratings
Moody's(6)
Aa2
Aa2
Aa2
Aa2
Aa2
Aa2
Aa2
Aa2
Aa2
Standard & Poor's (6)
A+
A+
A+
A+
A+
A+
A+
A+
A+
Fitch (6)
AA
DBRS(6)
AA
AA
AA
AA
AA
AA
AA
AA
AA
AA
AA
AA
AA
AA
AA
AA
AA
(1) Refer to page 53 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto.
(2) Based on trailing 4 quarters' EPS.
(3) Excludes affiliates.
(4) Employees are reported on a full-time equivalent basis.
(5) Prior period amounts have been restated to include MD Financial and Jarislowsky Fraser offices.
(6) As of July 31, 2023, outlook is Stable (Moody's, Standard & Poor's, DBRS and Fitch).
Scotiabank
Supplementary Financial Information (SFI)
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