When markets tumble, fear takes hold. Investors often find themselves glued to their screens and stock tickers, watching their portfolios shrink in stock. The CNN Fear & Greed Index is a widely followed market indicator that attemptsHigh Dividend Opportunities, #1 On Seeking AlphaSave yourself thousands of dollars by creating a portfolio that pays you to hold it. No selling required to fund your retirement dreams. Tired of going it alone or visiting a financial advisor who just doesn't seem to care? Join ou ...

Investor Presentation February 25, 2025 Caution Regarding Forward-Looking Statements Forward-looking Statements From time to time, our public communications include oral or written forward-looking statements. Statements of this type are included in this document, and may be included in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission (SEC), or in other communications. In addition, representatives of the Bank may include forward-looking statements orally to ana ...

The Bank of Nova Scotia (NYSE:BNS) Q1 2025 Earnings Conference Call February 25, 2025 7:15 AM ET Company Participants John McCartney - Head of Investor Relations Scott Thomson - President and Chief Executive Officer Raj Viswanathan - Group Head and Chief Financial Officer Phil Thomas - Group Head and Chief Risk Officer Aris Bogdaneris - Group Head, Canadian Banking Jacqui Allard - Group Head, Global Wealth Management Francisco Aristeguieta - Group Head, International Banking Travis Machen - CEO and Group He ...

Group 1 - Bank of Nova Scotia (BNS) reported quarterly earnings of $1.22 per share, exceeding the Zacks Consensus Estimate of $1.17 per share, but down from $1.25 per share a year ago, representing an earnings surprise of 4.27% [1] - The bank's revenues for the quarter ended January 2025 were $6.47 billion, surpassing the Zacks Consensus Estimate by 4.57%, compared to $6.24 billion in the same quarter last year [2] - Over the last four quarters, Bank of Nova Scotia has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Group 2 - The stock has underperformed the market, losing about 5.8% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The current consensus EPS estimate for the upcoming quarter is $1.19 on revenues of $6.17 billion, and for the current fiscal year, it is $4.90 on revenues of $25.24 billion [7] - The Zacks Industry Rank for Banks - Foreign is currently in the bottom 35% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]

Ta b l e o f C o n t e n t s E x hibit 9 9.1 Quarterly Report to Shareholders Scotiabank reports first quarter results TORONTO, February 25, 2025 – The Bank of Nova Scotia ("Scotiabank") (TSX: BNS; NYSE: BNS) reported first quarter net income of $993 million compared to $2,199 million in the same period last year. This quarter's net income includes an impairment loss of $1,355 million related to the announced sale of the banking operations in Colombia, Costa Rica and Panama to Davivienda. Diluted earnings p ...

Turnaround Investing and Dividend Yields - Turnaround investing is attractive due to the potential for long-term survival and growth, especially when combined with high dividend yields [1][2] - Aggressive income investors may consider Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), and EPR Properties (EPR) for their high yields and turnaround potential [2] Toronto-Dominion Bank (TD) - TD Bank is one of Canada's largest banks, operating conservatively due to heavy regulation, with a historically high dividend yield of 5.1% [3] - The US banking operations face challenges, including a large fine for money laundering controls, an asset cap, and slower growth prospects [4][5] - Despite US regulatory issues, TD Bank increased its dividend, indicating stability, and its strong Canadian business provides a fallback [6] Bank of Nova Scotia (BNS) - Scotiabank is another major Canadian bank with a strong foundation and a high dividend yield of 5.3% [7] - The bank is refining its strategy by exiting underperforming South American markets and reinvesting in the US, including a recent 15% stake in KeyCorp [8][9] - Management is taking quick action, but the market remains cautious due to years of lagging performance [10] EPR Properties (EPR) - EPR Properties is a REIT focused on experiential properties, heavily impacted by the pandemic, with 36% of rents coming from struggling movie theaters [11][12] - The company has reworked its portfolio, improved tenant rent coverage to 2.6x from 2.0x in 2019, and reinstated a dividend with a payout ratio of 66% in Q3 [12][13] - EPR offers a high dividend yield of 7.3%, making it an attractive option for investors willing to take on some risk [13] Overall Investment Opportunity - TD Bank, Scotiabank, and EPR Properties are all in turnaround phases, with high dividend yields and potential for recovery [14] - Each stock is priced below $500, offering accessible entry points for investors [14]

Core Viewpoint - Scotiabank has agreed to transfer its banking operations in Colombia, Costa Rica, and Panama to Davivienda, while also acquiring a 20% equity stake in Davivienda through newly issued shares, aiming to enhance profitability and operational efficiency in its international banking markets [1][2][5]. Group 1: Transaction Details - Scotiabank will acquire approximately 20% equity stake in Davivienda through a mix of common and preferred shares, allowing it to appoint board members proportional to its ownership [2]. - The deal includes a mutual referral agreement enabling Scotiabank to service its Corporate, Wealth, and Global Banking clients within Davivienda's operational regions [3]. - The transaction is expected to be completed in about 12 months, pending regulatory approvals [3]. Group 2: Financial Impact - Scotiabank will recognize an after-tax impairment loss of approximately C$1.4 billion in Q1 of fiscal 2025, which may reduce its common equity tier 1 (CET1) ratio by 10-15 basis points [4]. - An additional loss of C$300 million is anticipated upon closure due to cumulative foreign currency translation losses [4]. - The deal is projected to be neutral to Scotiabank's capital, with a potential increase in earnings in the coming years and an estimated increase in CET1 ratio by 10-15 bps due to reduced risk-weighted assets [6]. Group 3: Strategic Rationale - The transaction aligns with Scotiabank's five-year plan to boost profitability in international markets and enhance operational efficiency in non-core areas [5]. - The agreement supports Scotiabank's strategy to create a connected value proposition focused on growth markets in North America and Latin America [5]. - Francisco Aristeguieta, Group Head of International Banking, emphasized that this agreement advances the execution plan towards sustainable and higher returns across international markets [6]. Group 4: Market Performance - Scotiabank's shares have increased by 18.8% over the past six months, outperforming the industry growth of 3.5% [7].

Group 1 - The company is offering a 17% discount and a 14-day free trial on its annual price of $599.99 [1] - High Dividend Opportunities (HDO) is the largest community of income investors and retirees, boasting over 8,000 members [2] - The Income Method employed by HDO generates strong returns, making retirement investing less stressful and straightforward [2] Group 2 - HDO targets a yield of 9-10% through its Model Portfolio, appealing to investors seeking reliable income [1][2] - The community aims to attract more members to enhance its lively group dynamic [2]

Company Overview - Bank of Nova Scotia, also known as Scotiabank, has seen its stock decline approximately 25% from its 2022 peak due to its minimal presence in the U.S. market [1] - The bank has a strong dividend yield of nearly 5.4%, significantly higher than the S&P 500's yield of about 1.2% and the average bank's yield of 2.1% [2] - Scotiabank has a long history of paying dividends since 1833 and maintains an investment-grade-rated balance sheet [3] Regulatory Environment - Canadian banking regulations are more stringent than those in the U.S., resulting in a few large banks, including Scotiabank, that enjoy protected market positions and conservative operating models [4] Growth Strategy - Scotiabank has historically focused on expanding into Latin America rather than the U.S., which has led to lagging performance compared to its Canadian peers in earnings growth and return on equity [5][7] - The bank is now shifting its strategy to reduce exposure to less desirable markets and increase its presence in the U.S. market, including a recent acquisition of a roughly 15% stake in KeyCorp [6][8] Market Performance - Following the announcement of the KeyCorp investment in August 2024, Scotiabank's shares have risen over 20%, although they still have not fully recovered from previous losses [9] - The current high dividend yield presents a low-risk turnaround opportunity for investors, making Scotiabank an attractive long-term hold [9][10]

Financial Data and Key Metrics Changes - The bank ended the year with adjusted diluted earnings per share of $6.47, a return on equity of 11.3%, and return on tangible common equity of 13.7% [67] - Revenue was up 6% year-over-year, while expenses grew 4%, resulting in positive operating leverage of 2.3% for the year [68] - The provision for credit losses was $4.1 billion in 2024, $629 million higher, driven by higher impaired provisions [68] Business Line Data and Key Metrics Changes - Canadian Banking earnings were $4.3 billion, up $290 million or 7%, with revenue growth driven by deposit growth and margin expansion [68] - International Banking earnings were $2.7 billion, up 10% year-over-year, with revenues up 9% [69] - Global Wealth Management earnings of $1.6 billion were up 10% year-over-year, benefiting from strong assets under management growth of 18% [70] Market Data and Key Metrics Changes - The bank reported quarterly adjusted earnings of $2.1 billion and a diluted EPS of $1.57 [75] - Net interest income was $4.9 billion, up 6% year-over-year, primarily driven by loan growth [76] - Deposits were up 2% year-over-year, mostly in term, while loans were down 2% year-over-year, mainly in corporate [78] Company Strategy and Development Direction - The bank is focused on increasing the number of primary clients and has set a target of 2 million incremental primary clients by 2028 [6] - Capital allocation is being directed towards priority businesses, with a commitment to remix the portfolio to accelerate growth in fee income [7] - The bank aims to maintain a strong balance sheet with a Tier-1 capital ratio of 13.1% and has grown its allowance for credit losses by approximately 22% since the end of fiscal 2022 [8] Management's Comments on Operating Environment and Future Outlook - The management anticipates a rebound in economic activity next year due to the Bank of Canada's policy rate actions [19] - There is a focus on monitoring policy actions from the new administrations in Mexico and the US, with expectations for a cooperative environment that encourages capital investment [20] - Earnings growth is expected to be between 5% and 7% in 2025, prior to incorporating any benefits from the minority investment in KeyCorp [59] Other Important Information - The bank's productivity ratio improved to 56.1% this quarter, an improvement of 360 basis points year-over-year [80] - The Other segment reported an adjusted net loss of $453 million, compared to a loss of $465 million in the prior quarter [99] - ScotiaBond, a new culture framework, was rolled out to drive the bank's strategy forward [61] Q&A Session Summary Question: What are the expectations for earnings growth in 2025? - The bank continues to expect earnings growth between 5% and 7% in 2025, prior to incorporating any benefits from the KeyCorp investment [72] Question: How is the bank managing its capital allocation? - The bank is focused on disciplined capital allocation and execution, with a commitment to maintaining strong capital and liquidity positions [74] Question: What is the outlook for the International Banking segment? - International Banking earnings are expected to be lower, impacted by weaker Latin American currencies and slow growth economies [74]