Scotiabank ends quarter with C$2.95 billion net income

• The Bank of Nova Scotia (NYSE:BNS) reported fiscal Q3 2026 net income of C$2.95 billion, up from C$2.53 billion a year earlier.
• Adjusted EPS reached C$2.28, exceeding analyst expectations of C$2.10, while revenue rose 11% to C$10.54 billion.
• Growth was supported by wealth management, international banking, and Global Banking and Markets performance.

The Bank of Nova Scotia (NYSE:BNS) reported fiscal third-quarter 2026 net income of C$2.95 billion, up from C$2.53 billion a year earlier, with higher revenue and earnings growth across business segments.

The bank reported total revenue of C$10.54 billion, an 11% increase year over year, while adjusted earnings per share reached C$2.28 compared with analyst expectations of C$2.10.

Net interest income increased to C$5.87 billion, above analyst expectations of C$5.69 billion, while provisions for credit losses declined to C$1.08 billion from C$1.22 billion in the previous quarter.

Adjusted return on equity increased to 14.2% from 12.4% a year earlier, reflecting improved profitability, while Wealth Management reported record results across its business lines.

International Banking contributed C$725 million in net income, while Global Banking and Markets contributed C$647 million, supported by performance across the division.

Scotiabank provides banking and financial services across Canada and international markets, including personal banking, wealth management, commercial banking, and capital markets operations.