NYSE$BNS

The Bank of Nova Scotia · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

The Bank of Nova Scotia reported second quarter net income of CAD 2,632 million, up from CAD 2,032 million a year earlier.

Scotiabank delivered strong Q2 2026 results with total revenue of CAD 9,837 million and diluted EPS of CAD 2.00. Adjusted net income reached CAD 2,652 million with adjusted EPS of CAD 2.02. The bank reported positive operating leverage, growth across segments, and a CET1 ratio of 13.3%.

  • Net income rose 30% year-over-year to CAD 2,632 million on reported basis.
  • Diluted EPS increased to CAD 2.00 from CAD 1.48; adjusted EPS CAD 2.02.
  • Canadian Banking earnings up 53% to CAD 935 million; Global Wealth Management up 19%.
  • Declared quarterly dividend of CAD 1.14 per share, up 4%.

Headline financials

Total Revenue

C$9.84B

No prior period
EPS (adj)

C$2.02

No prior period
Return on Equity

13.1%

No prior period
CET1 Ratio

13.3%

No prior period
Provision for Credit Losses

C$1.22B

No prior period
Net Income

C$2.63B

No prior period
Operating Income

C$9.84B

No prior period

Revenue & EPS history

Scotiabank · Revenue · Quarterly

C$9.84B

Q2 2026
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The Bank remains on track to achieve its financial objectives for fiscal 2026 and its 14%+ ROE objective in fiscal 2027.

Tailwinds

  • Strong revenue growth and expanding margins
  • Positive operating leverage
  • Focus on evolving business mix driving fee income and wealth revenues

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.3%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-0.6%

Avg return

30 days after

45%

21 / 47 earnings

Positive

+15.4%

Q2 2020

Best reaction

-6.4%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2025-1.5%-2.0%-4.5%
Q2 2024-3.1%-0.7%-2.3%
Q1 2024+1.5%+2.9%+9.5%
Q4 2023-0.6%+2.2%+9.8%
Q3 2023+3.1%+4.2%-0.5%
Q2 2023-0.5%-0.3%-2.4%
Q1 2023-4.5%-2.3%-4.9%
Q4 2022-1.3%-3.1%-6.9%
Q3 2022-6.4%-7.2%-16.2%
Q2 2022+3.9%+5.5%-7.9%
Q1 2022+2.0%+1.3%-0.9%
Q4 2021+0.8%+2.4%+12.4%
Q3 2021+0.9%-0.8%-2.8%
Q2 2021+1.0%-0.1%-2.6%
Q1 2021+7.0%+1.9%+9.0%
Q4 2020+5.0%+8.4%+10.8%
Q3 2020+1.2%+1.8%-4.7%
Q2 2020+15.4%+9.5%+12.5%
Q1 2020-1.0%-4.8%-24.7%
Q4 2019-1.0%+0.1%-5.0%
Q3 2019+1.8%+3.9%+11.9%
Q2 2019-1.8%-3.5%+3.1%
Q1 2019-3.3%-4.5%-7.2%
Q4 2018+2.2%+2.6%-5.3%
Q3 2018-2.7%-4.2%-1.5%
Q2 2018-2.2%-3.9%-8.4%
Q1 2018-0.7%-1.8%-1.1%
Q4 2017-2.8%-1.5%-0.6%
Q3 2017-0.5%+1.3%+4.0%
Q2 2017+0.2%+0.7%+6.9%
Q1 2017-3.1%-1.9%-2.3%
Q4 2016+2.4%+3.8%+3.5%
Q3 2016+0.7%+2.8%+1.5%
Q2 2016-0.4%+1.3%-1.8%
Q1 2016
Q4 2015-1.5%
Q3 2015+0.7%
Q2 2015+1.2%
Q1 2015-1.7%
Q2 2013-0.4%
Q1 2012-4.1%
Q4 2011+4.0%
Q3 2011-1.3%
Q2 2011-1.8%
Q1 2011+3.9%
Q4 2010-0.3%
Q3 2010+7.1%
Q1 2009-2.6%

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