BNS · NYSE · Banks - Diversified

Scotiabank (BNS)

Connects Canadian banking, international franchises, wealth management, and capital markets across the Americas.

$94.85
vs last close−0.50 (−0.52%)
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The Bank of Nova ScotiaBNS
Financial sector

Provides personal and commercial banking, wealth and private banking, and corporate, investment-banking, and capital-markets services across Canada and international markets. Four reportable businesses span Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets, with capital increasingly directed toward a Canada–United States–Mexico corridor.

Provides personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital-markets services across Canada and international markets. Its reportable businesses are Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.

Builds client relationships through a Canadian branch-bank franchise and an international network rooted in the Caribbean and Latin America. Management is directing incremental capital toward a Canada–United States–Mexico corridor while simplifying Canadian operations and regionalizing the wider international footprint.

Execution depends on connecting business lines, deepening primary client relationships, and operating within overlapping prudential and conduct regimes. Capital, leverage, liquidity, deposit-insurance, consumer-protection, anti-money-laundering, sanctions, broker-dealer, swaps, and market-recordkeeping requirements shape the balance sheet and cross-border operations.

Company facts

CEOL. Scott Thomson
ListedJun 7, 2002
ExchangeNYSE
HeadquartersToronto, Canada
CountryCanada
Employees86,431
CIK0000009631
ISINCA0641491075

Market cap$116.24B
EPS (ttm)$5.47
P/E (ttm)17.43
ROE11.4%
P/B1.83
P/S2.28
Dividend yieldDiv yield3.34%
Beta0.67vs XLF 0.31

Price target$73.00−23.4%Average of 19 analysts
ConsensusBuy10 of 19 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 26, 2026ScotiabankUpgrade
Rating: Outperform
Rating: Positive
Aug 25, 2026TD SecuritiesUpgrade
Rating: Hold
Rating: Buy

Next report
Dec 2, 26
in 71 days
EPS estimate
$1.59
Revenue estimate
$7.36B
Fiscal quarter
Q4 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Dec '25Feb '26May '26Aug '26Dec '26
Reported$1.22$1.06$1.37$1.39$1.48$1.47$1.64Pending
Estimate$1.17$1.14$1.28$1.33$1.42$1.42$1.53$1.59
Surprise+4.3%−7.0%+7.0%+4.5%+4.2%+3.5%+7.2%

RevenueReportedEstimate

Feb '25May '25Aug '25Dec '25Feb '26May '26Aug '26Dec '26
Reported$12.93B$13.00B$13.03B$12.99B$7.40B$7.24B$7.52BPending
Estimate$6.29B$6.75B$6.82B$6.99B$7.13B$7.13B$7.11B$7.36B
Surprise+105.7%+92.5%+91.0%+85.8%+3.7%+1.5%+5.7%
Estimate$1.59
ReportedDue Dec 2, 2026
Estimate$7.36B
ReportedDue Dec 2, 2026
View details

Debt to equity305.60%
Current ratio4.40%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$13.44B$13.56B$12.77B$12.77B$12.95B$12.54B$12.23B$13.15B
Net income$1.17B$815.9M$1.41B$1.74B$1.58B$1.63B$1.85B$2.07B
Net margin8.7%6.0%11.0%13.6%12.2%13.0%15.1%15.7%

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income$1.56B$1.22B$1.83B$2.39B$2.04B$2.26B$2.44B$2.80B
YoY growth+47.5%−36.5%+8,196.8%+61.9%+30.1%+84.5%+33.4%+17.5%

Balance sheet, Jul 31, 2026Cash & short-term investments $7.35B · Total debt $193.91B · Total assets $1.10T · Shareholders' equity $63.45B

Revenue
$13.15B
Operating income
$2.80B
Net income
$2.07B

Reported in CAD, converted at the latest exchange rate

View details

Dividend yield
3.34%
Next ex-date
Oct 6, 26
in 14 days
Annual dividend
$3.18
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Dividend$0.7389$0.7404$0.8075$0.7885$0.7979$0.791$0.803$0.8148
Annual yield5.93%6.49%5.57%4.79%4.34%4.56%3.69%3.38%
Ex-dateJan 7Apr 1Jul 2Oct 7Jan 6Apr 7Jul 7Oct 6
Payment dateJan 29Apr 28Jul 29Oct 29Jan 28Apr 28Jul 29Oct 28
View details

Institutions44.94%547.82M shares
570 holders · as of Jun 30, 2026
Other55.06%671.27M shares
remainder

1.22B company shares as of Aug 25, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Royal Bank of CanadaInstitution
5.40%65.85Mas of Jun 30, 2026
Bank of Montreal /Can/Institution
4.26%51.92Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
2.93%35.71Mas of Jun 30, 2026
CIBC World Market Inc.Institution
2.07%25.21Mas of Jun 30, 2026
Norges BankInstitution
1.51%18.39Mas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Royal Bank of Canada

    Broad Canadian overlap across banking, wealth and capital markets

  • Toronto-Dominion Bank

    Canadian banking, wealth and wholesale-banking peer

  • Bank of Montreal

    Canadian universal-bank rival across banking, wealth, and capital markets

  • CIBC

    Broad Canadian banking rival spanning wealth, direct banking, and markets

  • BBVA (ADR)

    Major Mexican banking rival across retail, commercial, digital, and CIB

  • Nano Labs (ADR)

    Canadian banking, wealth and capital-markets rival with a Quebec lead

  • Banco Santander-Chile (ADR)

    Chile-focused banking rival across retail, SME and corporate clients

Compare

CompanyPriceChange
Scotiabank$94.85−0.52%$116.24B17.415.42.3−42.3%
Royal Bank of Canada$204.21−0.96%$286.56B18.217.62.8−22.1%
Toronto-Dominion Bank$123.21−0.67%$209.57B18.616.92.6−22.1%
Bank of Montreal$174.59−1.47%$124.11B20.316.32.2−20.6%
CIBC$115.08−1.01%$107.73B15.615.72.4−17.4%
BBVA (ADR)$28.78−0.45%$159.74B13.410.62.9+17.8%
Nano Labs (ADR)$2.44+3.83%$158.2M0.0−64.6%
Banco Santander-Chile (ADR)$35.09+1.65%$16.26B13.315.73.2+19.0%
Median16.916.02.6−20.6%