EarningsQ3 2026 Earnings Report
MX:BNS Q3 2026 EPS Results
Actual EPS$29.06
Consensus EPS$26.78
Beat/MissBeat by +$2.28
One Year Ago EPS$23.96
MX:BNS Q3 2026 Revenue Results
Actual Revenue$232.06B
Expected Revenue$127.15B
Beat/MissBeat by +$104.91B
YoY Revenue Growth+2.71%
Earnings Announcement Details
QuarterQ3 2026
Date08/25/2026
TimeBefore Open
Conference CallTuesday, August 25, 2026
MX:BNS Upcoming Earnings
Bank Of Nova Scotia's next earnings date is estimated for December 2, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:BNS Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted broad-based, multi-segment outperformance with record EPS, strong ROE improvement, robust revenue and capital markets results, positive operating leverage and a healthy capital position while management continues to invest in technology, AI and strategic growth. Headwinds include elevated expenses tied to growth initiatives, pockets of credit stress in international portfolios (notably a specific Brazil account), some mortgage delinquency hot spots, and one-time/timing capital impacts (RWA changes, AIRB migration and a Chile deferred tax adjustment). Overall, positive operational momentum and capital strength materially outweigh the manageable and largely identified risks.Company Guidance
Record Earnings and EPS Growth
Quarterly net income of $3.0 billion and record diluted EPS of $2.28, up 21% year-over-year.
Return on Equity Improvement
All-bank adjusted ROE of 14.2%, up 170 basis points year-over-year, reaching management's 14%+ target earlier than planned; Canadian Banking ROE improved to 19.4% this quarter (up 160 bps sequentially).
Strong Revenue and Margin Expansion
Total revenue growth 16% year-over-year; net interest income up 12% YoY with NIM up ~18 bps YoY (NIM unchanged Q/Q); non-interest income up 21% YoY.
Positive Operating Leverage and Productivity Gains
All-bank positive operating leverage for the tenth consecutive quarter; year-to-date operating leverage 3.9%; productivity ratio improved 90 bps year-over-year to 52.5%.
Canadian Banking Momentum
Canadian Banking earnings $1.1 billion (+12% YoY); loans +3% YoY (mortgages +4%, commercial & small business +3%); fifth consecutive quarter of NIM expansion; non-interest income +11% YoY; PCL ratio down to 42 bps (down 8 bps Q/Q).
Global Wealth Management Strength
GWMM earnings $515 million (+23% YoY); spot AUM +16% YoY and AUA +13% YoY; revenues +18% YoY; record Q3 net sales of $3.0 billion (+14% YoY) and eight consecutive quarters of positive net flows.
Record Global Banking & Markets Quarter
GBM earnings $647 million (+37% YoY) with revenue up 32% YoY; capital markets revenues +33%, net interest income +34% YoY; loans +5% YoY and deposits +12% (sequential loan growth of 7%); delivered several marquee transactions including largest DCM deals in Canada and largest IPO since 2021.
International Banking Growth and Deposit Gains
International Banking earnings $725 million (+6% YoY); revenue +7% YoY with non-interest income +18% YoY; retail loans +5% YoY; deposits +6% YoY; Q3 earnings remained above $700 million for third consecutive quarter.
Strong Capital Position and Shareholder Returns
CET1 ratio 13.1% after deploying 23 bps to organic growth and repurchasing 8.6 million shares (20 bps capital usage); $8.3 billion returned to shareholders via buybacks and dividends over the past 12 months.
Technology, AI and Digital Progress
Technology spend grew 16% YoY to $1.5 billion; expanded Scotia Intelligence platform and launched Scotia Intelligence Knowledge Agents; digital sales reached 44% of total sales, supporting productivity and frontline capacity.
MX:BNS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed