Scotiabank beats expectations in fiscal Q3 2026 as adjusted EPS rises 21% to C$2.28
AI Market Summary
Bank of Nova Scotia's fiscal Q3 2026 results showed a clear profitability inflection, with adjusted EPS up 21% to C$2.28 and adjusted ROE rising to 14.2%, ahead of targets and reflecting improved capital efficiency. Ten consecutive quarters of positive operating leverage and a domestic reallocation strategy support the turnaround narrative, while elevated credit-loss provisions remain a watch item.
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Bank of Nova Scotia posted a strong fiscal third-quarter 2026 report, with both revenue and profit coming in ahead of expectations. Adjusted diluted EPS rose 21% year over year to C$2.28, while net earnings set a new record. The bank’s adjusted return on equity climbed to 14.2%, reaching management’s medium-term goal early and rebounding from 10.4% in Q2 2025. The improvement points to the best capital efficiency in more than two years.
