Bank Of Nova Scotia (TSE:BNS)
TSX:BNS
Earnings Data
Report Date
Jun 02, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.93Last Year’s EPS
1.52Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear strengths: double-digit revenue growth, margin expansion, improved pretax pre-provision profit, strong segment-level ROEs (notably Canadian Banking, Wealth and GBM), solid CET1 capital and an active capital-deployment program. At the same time, credit-related headwinds were prominent — elevated impaired PCLs, higher allowances and increases in gross impaired loans, with stress concentrated in unsecured retail, certain COVID-era mortgage vintages and pockets of international consumer finance (Chile/Cencosud) along with some lumpy GBM files. Management reiterated guidance that impaired PCLs are expected to be elevated in the near term but trend lower later in the year and emphasized continued investments in AI and client-facing capabilities. Overall the operational momentum and financial performance outweigh the credit and deposit mix challenges in this quarter, but credit remains a watch area for the remainder of the year.Company Guidance
Strong Adjusted Earnings and EPS Growth
Adjusted earnings of $2.7 billion and diluted EPS of $2.05; EPS increased 16% year-over-year.
Revenue and Margin Expansion
Total revenue grew 11% year-over-year; net interest income grew 13% YoY; net interest margin expanded (management cited ~27 bps YoY improvement at the bank level); pretax pre-provision profit grew 16% YoY; positive operating leverage of 4.2% and productivity ratio improved 200 basis points to 52%.
Improving Return on Equity and Strong Capital
Return on equity 13%, up 120 basis points year-over-year (110 bps ex-divestitures); CET1 ratio robust at 13.3% even after repurchasing shares; management reiterates confidence in achieving 14%+ medium-term ROE target.
Canadian Banking Momentum
Canadian Banking earnings $960 million (+5% YoY); return on equity 18.1% (+140 bps YoY); fee and commission income +8% YoY; positive operating leverage of 2.8%; demand (day-to-day) deposits +5% YoY; mortgages +5% YoY; retail mutual fund net sales doubled YoY and retail referrals to wealth were $2.4 billion (+19% YoY).
Global Wealth Management Outperformance
Global Wealth Management earnings $488 million (+18% YoY); ROE 17.9% (up 180 bps YoY); spot AUM +10% YoY to $436 billion and AUA +8% YoY to >$800 billion; net sales $1.8 billion marking sixth consecutive quarter of positive net flows.
Global Banking & Markets Strength
GBM earnings $545 million (+5% YoY) with revenue +11% YoY; capital markets revenue +19% YoY and net interest income +25% YoY; return on equity ~14.3% with broad-based trading strength (notably equities/equity derivatives and prime services).
Resilient International Banking Execution
International Banking earnings $717 million (+8% YoY) with ROE at ~16% in line with medium-term target; deposits +4% YoY; retail loans +5% YoY (non-retail down modestly); net interest margin stable at 454 bps and cited YoY expansion.
Technology and AI Investments Showing Early Benefits
Technology-related spend ~ $1.3 billion (up $38 million YoY); Ask AI processed >450,000 queries in Q1 (representing over 60% of 2025 queries) and Tangerine AML AI pilot reduced alert volumes by 37%, demonstrating early efficiency and risk-detection gains.
TSE: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
TSE:BNS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Dec 02, 2025 | C$95.00 | C$97.66 | +2.80% |
Dec 02, 2025 | C$95.00 | C$97.66 | +2.80% |
Aug 26, 2025 | C$77.73 | C$83.06 | +6.85% |
May 30, 2025 | C$70.83 | C$70.72 | -0.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Bank Of Nova Scotia (TSE:BNS) report earnings?
Bank Of Nova Scotia (TSE:BNS) is schdueled to report earning on Jun 02, 2026, Before Open (Confirmed).
What is Bank Of Nova Scotia (TSE:BNS) earnings time?
Bank Of Nova Scotia (TSE:BNS) earnings time is at Jun 02, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BNS EPS forecast?
TSE:BNS EPS forecast for the fiscal quarter 2026 (Q2) is 1.93.
