Stephen Hart - Bank of Nova Scotia Chief Risk Officer

BNS Stock  USD 51.78  0.62  1.21%   

Executive

Mr. Stephen P. Hart serves as Chief Risk Officer of The Bank of Nova Scotia, effective September 1, 2013. He was with Scotiabank for 35 years and was Executive Vice President and Chief Credit Officer responsible for the global management of credit risk for the Bank, including chairing the key credit committees for Canadian Banking, International Banking and Global Banking and Markets since 2013.
Tenure 11 years
Address 40 Temperance Street, Toronto, ON, Canada, M5H 0B4
Phone416 866 6161
Webhttps://www.scotiabank.com
Hart previously held a variety of senior positions in the United States and Canada in both origination and credit adjudication in corporate lending. He was a Relationship Manager based in Chicago in the early 1980s, and headed up the Corporationrationrationrate Banking unit in Ontario in the 1990s. Since 1999, he was in Global Risk Management; initially as Senior Vice President, Corporationrationrationrate Credit, and then as Senior Vice President & Head, Credit Risk, prior to his most recent appointment in October 2008.

Bank of Nova Scotia Management Efficiency

At this time, Bank of Nova Scotia's Return On Assets are comparatively stable compared to the past year. Return On Equity is likely to gain to 0.17 in 2024, whereas Return On Capital Employed is likely to drop 0.01 in 2024. At this time, Bank of Nova Scotia's Non Current Assets Total are comparatively stable compared to the past year. Net Tangible Assets is likely to gain to about 71.8 B in 2024, whereas Non Currrent Assets Other are likely to drop (3.3 B) in 2024. Bank of Nova Scotia's management efficiency ratios could be used to measure how well Bank of Nova Scotia manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 313.81 B in debt with debt to equity (D/E) ratio of 14.91, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Debt can assist Bank of Nova Scotia until it has trouble settling it off, either with new capital or with free cash flow. So, Bank of Nova Scotia's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bank of Nova Scotia sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bank to invest in growth at high rates of return. When we think about Bank of Nova Scotia's use of debt, we should always consider it together with cash and equity.

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The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada. Bank of Nova Scotia is traded on New York Stock Exchange in the United States. Bank Of Nova (BNS) is traded on New York Stock Exchange in USA. It is located in 40 Temperance Street, Toronto, ON, Canada, M5H 0B4 and employs 89,249 people. Bank of Nova Scotia is listed under Diversified Banks category by Fama And French industry classification.

Management Performance

Bank of Nova Scotia Leadership Team

Elected by the shareholders, the Bank of Nova Scotia's board of directors comprises two types of representatives: Bank of Nova Scotia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bank. The board's role is to monitor Bank of Nova Scotia's management team and ensure that shareholders' interests are well served. Bank of Nova Scotia's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bank of Nova Scotia's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kyle McNamara, Executive Vice-President and Co-Head Information Technology, Business Systems
Ronald Brenneman, Independent Director
Eduardo Cortes, Not independent Director
James McPhedran, Executive Vice President - Retail Distribution, Canadian Banking
Daniel Callahan, Independent Director
Brian Porter, President, Chief Executive Officer, Director
Ignacio Deschamps, Group Head - International Banking and Digital Transformation
Michael Durland, CEO of Global Banking and Markets and Group Head of Global Banking and Markets
Deborah Alexander, Executive Vice-Pres and General Counsel
Stuart Davis, Executive Vice President - Financial Crimes Risk Management & Group Chief Anti-Money Laundering Officer
Kevin Teslyk, Executive Vice President, Chief Operating Officer - Canadian Banking
Susan Segal, Independent Director
Andrew Branion, Executive Vice-President Chief Market Risk Officer
Michael Zerbs, Executive Vice-President and Co-Head Information Technology, Enterprise Technology
Francisco Silva, Group Banking
Calin Rovinescu, Independent Director
Gillian Riley, Executive Vice President, President & Chief Executive Officer, Tangerine
Rania Llewellyn, Executive Vice President - Global Business Payments
Dieter Jentsch, Group Head - International Banking
Barbara Mason, Group Head and Chief Human Resources Officer
Shawn Rose, Executive Vice President, Chief Digital Officer
Jake Lawrence, Co-Group Head, Global Banking and Markets, Head, Global Capital Markets
Maria Theofilaktidis, Executive Vice President, Chief Compliance Officer, Head of Enterprise Risk
Ashley Veasey, Executive Vice President - & Global Chief Information Officer, Business Technology
Barbara Thomas, Independent Director
Laurie Stang, Executive Vice President - Canadian Branch Banking
Jenny Poulos, Chief Officer
BCom AMP, CEO Director
Michael Henry, Executive Vice-President Retail Payments, Deposits and Unsecured Lending
Lynn Patterson, Independent Director
Paul Sobey, Independent Director
Nora Aufreiter, Independent Director
Rajagopal Viswanathan, Chief Financial Officer, Executive Vice President
James Neate, Co-Group Head, Global Banking and Markets, Head, Global Corporate and Investment Banking
Tiff C, Independent Director
Robin Hibberd, Executive Vice President - Retail Products and Services, Canadian Banking
Nicole Frew, Executive Vice President Chief Compliance Officer
Philip Smith, VP Relations
Stephen Hart, Chief Risk Officer
Dan Rees, Executive Vice President - Operations
Chadwick Westlake, Executive Vice President and Enterprise Productivity & Canadian Banking Finance
Aaron Regent, Independent Chairman of the Board
Kimberlee McKenzie, Executive Vice President - Information Technology and Solutions
Marianne HasoldSchilter, Executive Vice President Chief Administrative Officer - International Banking
Thomas ONeill, Independent Director
Tiff Macklem, Independent Director
Miguel Labarthe, Executive Vice President and Country Head, Scotiabank Peru
Phil Thomas, Executive Vice President - Customer Insights, Data & Analytics
Daniel Moore, Executive Vice President Chief Market Risk Officer, Chief Risk Officer
Ian Arellano, Executive Vice President General Counsel
L Thomson, Independent Director
Tracy Bryan, Executive Vice President - Global Operations
Terry Fryett, Chief Credit Officer, Executive Vice President
Paul Baroni, Executive Vice President and Chief Auditor
Alex Besharat, Executive Vice President - Canadian Wealth Management
John McCartney, Head Relations
Tom McGuire, Executive Vice President, Group Treasurer
Meigan Terry, Chief VP
Sean McGuckin, CFO and Group Head
Michael Penner, Independent Director
John Doig, Executive Vice President Chief Marketing Officer
Guillermo Babatz, Independent Director
Francisco Taboada, Executive Vice President and Country Head, Scotiabank Chile
Indira Samarasekera, Independent Director
Una Power, Independent Director
Daniel Rees, Group Banking
Glen Gowland, Executive Vice President - Global Wealth Management
Charles Dallara, Independent Director
Scott Thomson, Independent Director
James OSullivan, Executive Vice President - Global Asset Management
Benita Warmbold, Independent Director
Ashleigh Everett, Independent Director
Philip BA, Group Officer
Loretta Marcoccia, Chief Operating Officer, Executive Vice President - Global Banking and Markets
Philp Thomas, Executive Vice President - Customer Insights, Data & Analytics
Scott Bonham, Independent Director
Adrian Rosiles, Executive Vice President and Country Head, Scotiabank Mexico
William Fatt, Independent Director
Marian Lawson, Executive Vice-President Global Financial Institutions and Transaction Banking
Anya Schnoor, Executive Vice President, Caribbean, Central America and Uruguay Scotiabank
Anique Asher, Executive Vice President - Finance and Strategy

Bank Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Bank of Nova Scotia a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Bank of Nova Scotia

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of Nova Scotia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of Nova Scotia will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Bank of Nova Scotia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Nova Scotia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of Nova Scotia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank Of Nova to buy it.
The correlation of Bank of Nova Scotia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of Nova Scotia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Nova Scotia moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of Nova Scotia can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Bank of Nova Scotia is a strong investment it is important to analyze Bank of Nova Scotia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bank of Nova Scotia's future performance. For an informed investment choice regarding Bank Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank Of Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Bank of Nova Scotia's price analysis, check to measure Bank of Nova Scotia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Nova Scotia is operating at the current time. Most of Bank of Nova Scotia's value examination focuses on studying past and present price action to predict the probability of Bank of Nova Scotia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Nova Scotia's price. Additionally, you may evaluate how the addition of Bank of Nova Scotia to your portfolios can decrease your overall portfolio volatility.
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Is Bank of Nova Scotia's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of Nova Scotia. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of Nova Scotia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.246
Dividend Share
4.21
Earnings Share
4.49
Revenue Per Share
24.448
Quarterly Revenue Growth
0.02
The market value of Bank of Nova Scotia is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of Nova Scotia's value that differs from its market value or its book value, called intrinsic value, which is Bank of Nova Scotia's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of Nova Scotia's market value can be influenced by many factors that don't directly affect Bank of Nova Scotia's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of Nova Scotia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Nova Scotia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Nova Scotia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.