BNS BANK OF NOVA SCOTIA
Price Chart
Executive Summary
Scotiabank (BNS) reported Q2 2026 results with net income of $2,632M (diluted EPS $2.00), up 30% YoY from $2,032M ($1.48), driven by broad-based strength across Canadian Banking (+53%), Global Wealth Management (+19%), and Global Banking & Markets (+11%). Total revenue grew 8% YoY to $9,837M, CET1 ratio remained strong at 13.3%, and the bank declared a 4% dividend increase to $1.14/share. Credit provisions decreased 13% YoY to $1,217M (66 bps), though impaired loan formations increased modestly.
Actionable Insight
Scotiabank delivered a strong beat on both revenue and EPS with broad segment growth and improving credit trends. The 4% dividend increase and reaffirmed 14%+ ROE target for FY2027 add further positive signals. Traders should watch for upward consensus revisions following this print, particularly on Canadian Banking margin trends and International Banking expense discipline. The stock may gap up on open.
Key Facts
- Reported net income Q2 2026: $2,632M vs $2,032M YoY (+30%)
- Reported diluted EPS: $2.00 vs $1.48 YoY (+35%)
- Total revenue: $9,837M vs $9,080M YoY (+8%)
- Provision for credit losses: $1,217M vs $1,398M YoY (-13%)
- CET1 capital ratio: 13.3% (unchanged QoQ)
- Dividend increased 4% to $1.14 per share
- Canadian Banking net income +53% YoY; Global Wealth Management +19% YoY; Global Banking & Markets +11% YoY
- Adjusted diluted EPS: $2.02 vs $1.52 YoY (+33%); adjusted ROE 13.2% vs 10.4% YoY
Financial Impact
Net income +$600M YoY (+30%), EPS +$0.52 (+35%), revenue +$757M (+8%)
Risk Factors
- Impaired loan provisions increased 4 bps QoQ to 61 bps, driven by one large International corporate account
- Global Banking & Markets earnings declined 16% sequentially
- Unfavorable macroeconomic outlook in Canada and credit migration in International commercial portfolios
- Geopolitical/tariff risks could pressure performing loan provisions
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-240430 |
| Document: d345548d6k.htm | 0001193125-26-240430 |
| Document: 0001193125-26-240430-index-headers.html | 0001193125-26-240430 |
| Document: 0001193125-26-240430-index.html | 0001193125-26-240430 |
| Document: 0001193125-26-240430.txt | 0001193125-26-240430 |
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Jun 5, 2026
1d ago
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6-K
| $80.76 awaiting T+20 | awaiting T+20 | — | $80.56 (−0.24%) |
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May 29, 2026
8d ago
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425
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May 27, 2026
10d ago
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May 27, 2026
10d ago
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May 27, 2026
10d ago
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May 27, 2026
10d ago
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6-K
| — | awaiting T+20 | — | — |
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Apr 17, 2026
7w ago
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6-K
| $76.56 $77.33 | ▲ +1.01% | ▼ −4.36% | $80.56 (+5.22%) |
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Apr 14, 2026
7w ago
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6-K
| $74.48 $77.04 | ▲ +3.44% | ▼ −2.86% | $80.56 (+8.16%) |
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Apr 14, 2026
7w ago
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6-K
| $74.48 $77.04 | ▲ +3.44% | ▼ −2.86% | $80.56 (+8.16%) |
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Apr 2, 2026
9w ago
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6-K
| $70.12 $77.80 | ▲ +10.95% | ▲ +1.08% | $80.56 (+14.89%) |
US Market Status
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