Scotiabank Q3 2026: Record Net Income of C$2.95B, EPS Up 23%, ROE Hits 14.1%
BNS sits 55% above its 52-week low of $56.55.
Summary
Scotiabank reported record Q3 2026 earnings with net income of C$2,953 million, diluted EPS of C$2.27, and return on equity of 14.1%, exceeding its medium-term target.
Key Events · Earnings and Guidance · BNS
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Record Q3 Net Income
Net income of C$2,953 million, up 17% from C$2,527 million in Q3 2025. Diluted EPS of C$2.27 versus C$1.84 a year ago.
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ROE Exceeds Medium-Term Target
Return on equity reached 14.1%, above the bank's 14% medium-term objective, driven by margin expansion and fee income growth across all business lines.
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All Business Lines Grow
Canadian Banking up 12%, International Banking up 8%, Global Wealth Management up 23% to a record C$518 million, and Global Banking and Markets up 37% to a record C$647 million.
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Strong Capital Position
CET1 capital ratio of 13.1%, down 20 basis points from prior quarter due to RWA growth and share repurchases, but well above OSFI minimums.
Analysis · BNS · Finance
A record quarter for Scotiabank, with net income climbing 17% year-over-year to C$2,953 million and diluted EPS up 23% to C$2.27. Growth was broad-based across all four business lines, led by Global Banking and Markets up 37% and Global Wealth Management up 23%. The bank exceeded its 14% return on equity target, reaching 14.1%, while maintaining a strong CET1 ratio of 13.1% despite repurchasing 8.6 million shares. This first disclosure of Q3 results materially strengthens the earnings trajectory established in Q2.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 37.4% of the 3413 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BNS was trading at $87.91 on NYSE in the Finance sector, with a market capitalization of approximately $107.1B. The 52-week trading range was $56.55 to $92.04. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.