Strong Q3 beat across all segments with record earnings in Global Wealth Management and Global Banking and Markets. The bank exceeded its 14% ROE target and returned $6.3B in capital YTD. Watch for continued margin expansion, buyback momentum, and any forward guidance on credit quality trends.
Price Chart
Executive Summary
Scotiabank reported a record Q3 2026 with net income of $2,953M (up 17% YoY), diluted EPS of $2.27 (up 23% YoY), and total revenue of $10,535M (up 11% YoY). All business lines posted strong results, with Global Wealth Management and Global Banking and Markets achieving record earnings. The bank exceeded its 14% ROE target and repurchased 8.6M shares in the quarter.
Key Facts
- Q3 2026 net income: $2,953M vs $2,527M in Q3 2025
- Diluted EPS: $2.27 vs $1.84 YoY (23% increase)
- Adjusted diluted EPS: $2.28 vs $1.88 YoY
- Total revenue: $10,535M vs $9,486M YoY (11% increase)
- Canadian Banking earnings: $1,071M (up 12% YoY)
- International Banking earnings: $766M (up 8% YoY)
- Global Wealth Management earnings: $518M (up 23% YoY, record)
- Global Banking and Markets earnings: $647M (up 37% YoY, record)
- CET1 ratio: 13.1% (down from 13.3% in Q2 2026)
- Repurchased 8.6M shares in Q3; $6.3B returned to shareholders YTD
- Adjusted ROE: 14.2% vs 12.4% YoY
Financial Impact
Net income up 17% YoY to $2.953B, EPS up 23% to $2.27, revenue up 11% to $10.535B, all segments grew with record earnings in two segments.
Risk Factors
- Provision for credit losses increased to $1,079M from $1,041M YoY
- CET1 ratio dipped to 13.1% from 13.3% due to buyback activity
- Potential economic slowdown in Canada and international markets could pressure loan growth and credit quality
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (BNS) — Batch item 1 | 0001193125-26-364120 |
| Document: 0001193125-26-364120-index-headers.html | 0001193125-26-364115 |
| Document: 0001193125-26-364120-index.html | 0001193125-26-364120 |
| Document: 0001193125-26-364120.txt | 0001193125-26-364120 |
| 6-K Filing (BNS) — Batch item 5 | 0001193125-26-364115 |
| Document: 0001193125-26-364115-index.html | 0001193125-26-364120 |
| Document: 0001193125-26-364115.txt | 0001193125-26-364120 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 5w ago | 6-K | $93.10 $92.25 | ▼ −0.91% | ▼ −1.89% | $91.04 (−2.21%) |
Aug 25, 2026 5w ago | 6-K | $93.10 $92.25 | ▼ −0.91% | ▼ −1.89% | $91.04 (−2.21%) |
Aug 25, 2026 5w ago | 6-K | $93.10 $92.25 | ▼ −0.91% | ▼ −1.89% | $91.04 (−2.21%) |
Aug 25, 2026 5w ago | 6-K | $93.10 $92.25 | ▼ −0.91% | ▼ −1.89% | $91.04 (−2.21%) |
Jul 22, 2026 10w ago | 6-K | $87.57 $87.69 | ▲ +0.14% | ▼ −2.76% | $91.04 (+3.96%) |
Jun 5, 2026 16w ago | 6-K | $80.56 $87.09 | ▲ +8.11% | ▲ +6.24% | $91.04 (+13.01%) |
May 29, 2026 17w ago | 425 | $78.61 $86.84 | ▲ +10.47% | ▲ +11.77% | $91.04 (+15.81%) |
May 27, 2026 18w ago | 6-K | $80.68 $86.46 | ▲ +7.16% | ▲ +9.07% | $91.04 (+12.84%) |
May 27, 2026 18w ago | 6-K | $80.68 $86.46 | ▲ +7.16% | ▲ +9.07% | $91.04 (+12.84%) |
May 27, 2026 18w ago | 6-K | $80.68 $86.46 | ▲ +7.16% | ▲ +9.07% | $91.04 (+12.84%) |
US Market Status
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