Scotiabank shares rise after stronger Q3 earnings
Bank of Nova Scotia reported Q3 2026 adjusted EPS of C$2.28, 21% higher than a year earlier, with adjusted revenue of C$2.97 billion. Return on equity was 14.2%, revenue rose 12% to C$10.54 billion, and the CET1 ratio stood at 13.1%. The shares gained 1.06% to €82.00 on Tradegate, while analysts' 12-month average target was C$129.50.
Scotiabank’s Q3 2026 adjusted EPS reached C$2.28, up 21% year over year. Adjusted revenue was C$2.97 billion, while total revenue climbed 12% to C$10.54 billion. Return on equity was 14.2%, above the 14.0% medium-term target, and the CET1 ratio was 13.1%. The bank repurchased 8.6 million shares during the quarter.
On Tradegate, the stock closed at €82.00, up 1.06%. In Toronto it traded at C$132.34, up 1.46%, 1.61% below its 52-week high and 49.90% above its low. Analysts’ average 12-month target was C$129.50; KBW and TD both raised targets. Market capitalization stood at C$161.3 billion.
Stronger quarterly results and a solid capital position may reinforce Scotiabank’s ability to lend and absorb shocks, which could affect households and businesses seeking credit. Shareholders may benefit through buybacks or share-price movements, while employees and communities linked to the bank’s operations could see indirect effects. Still, higher earnings alone do not guarantee lower borrowing costs or improved service; broader economic conditions and competitive pressures will likely shape the actual impact.