Bank of Nova Scotia (TSE:BNS) Announces Earnings Results

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) issued its quarterly earnings results on Tuesday. The bank reported C$2.28 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%.

Bank of Nova Scotia Stock Performance

Bank of Nova Scotia stock opened at C$129.81 on Thursday. The company has a market capitalization of C$158.22 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a fifty-two week low of C$84.88 and a fifty-two week high of C$131.72. The stock has a fifty day moving average of C$123.52 and a two-hundred day moving average of C$110.89.

Bank of Nova Scotia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th were given a $1.14 dividend. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, July 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 60.69%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BNS. Raymond James Financial upped their target price on shares of Bank of Nova Scotia from C$137.00 to C$139.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays lifted their price target on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a research note on Friday, August 21st. National Bank Financial upgraded shares of Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$128.00 to C$142.00 in a research note on Wednesday. Canaccord Genuity Group raised their price objective on Bank of Nova Scotia from C$121.00 to C$127.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Jefferies Financial Group lifted their target price on Bank of Nova Scotia from C$112.00 to C$117.00 and gave the stock a “hold” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Moderate Buy” and a consensus price target of C$128.86.

Bank of Nova Scotia News Summary

Here are the key news stories impacting Bank of Nova Scotia this week:

• Positive Sentiment: Record quarterly results exceeded expectations. Scotiabank reported net income of C$2.95 billion, up 17% year over year, while adjusted diluted earnings per share rose to C$2.28 from C$1.88. Management described the quarter as a record, with strength across Canadian Banking, Global Wealth Management, and Global Banking and Markets. Scotiabank profit jumps 17% as bank calls Q3 a record quarter
• Positive Sentiment: Profitability and shareholder returns were additional positives. Results benefited from margin expansion, fee growth, and stronger underwriting and advisory activity. The bank reported a 13.1% CET1 capital ratio, repurchased 8.6 million shares during the quarter, and said it had returned C$6.3 billion to shareholders year to date through dividends and buybacks. BMO and Scotiabank top estimates as capital-markets units surge
• Positive Sentiment: Analyst sentiment improved materially. TD Securities upgraded BNS from “hold” to “strong buy,” while TD and National Bank Financial separately upgraded the stock to “buy” or “outperform.” Their new price targets are C$141 and C$142, respectively. Keefe, Bruyette & Woods also raised its target to C$152 and maintained an “outperform” rating. Scotiabank upgraded to Outperform at National Bank
• Positive Sentiment: Other target increases came from Raymond James, Bank of America, RBC, and Canaccord Genuity, although their targets range from modest downside to moderate upside. The mixed targets suggest analysts recognize the earnings improvement but differ on how much of it is already reflected in the stock.
• Neutral Sentiment: Management and other Canadian banks cautioned that trade-related uncertainty remains a risk, although businesses appear to be adapting well. BMO and Scotia signal caution on trade unrest

About Bank of Nova Scotia

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: ‘for every future,’ we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).