The earnings call highlights a strong performance across multiple segments, with significant earnings growth and strategic advancements in Global Wealth Management and Global Banking and Markets. However, challenges remain, particularly in Canadian Banking and the global credit environment. The bank's focus on capital optimization and strategic investments positions it well for future growth.

Company Guidance

During the Q3 call, The Bank of Nova Scotia provided detailed guidance on several key financial metrics, highlighting strong performance and strategic initiatives. Adjusted earnings for the quarter were reported at $2.5 billion, or $1.88 per share, reflecting a 15% year-over-year increase. The return on equity rose to 12.4%, up 110 basis points from the previous year. Additionally, the bank achieved a pre-tax pre-provision earnings growth of 17% year over year. The impaired PCL ratio improved to 51 basis points, a decrease of six basis points quarter over quarter, indicating better credit performance. The Canadian Banking segment posted a sequential margin expansion of two basis points, with retail savings and deposits up 6% year over year. The Mortgage Plus initiative contributed significantly to new mortgage originations, with 95% of clients retaining their day-to-day accounts after one year. Global Wealth Management and International Banking segments also demonstrated robust growth, with the latter delivering a Q3 return on equity of 15%, up 180 basis points year over year. The bank's CET1 ratio stood at 13.3%, following the repurchase of 3.2 million shares. Overall, the bank is focused on optimizing capital and liquidity while maintaining strong balance sheet metrics, setting the stage for continued earnings growth into 2025.

Strong Earnings Growth

The Bank of Nova Scotia delivered adjusted earnings of $2.5 billion or $1.88 per share, up 15% year over year, with pre-tax pre-provision earnings up 17% year over year. Return on equity was 12.4%, up 110 basis points compared to the previous year.

Canadian Banking Improvement

Improved results in Canadian Banking due to better credit performance and revenue growth with a 6% year-over-year increase in retail savings and deposits.

Global Wealth Management Momentum

Global Wealth Management showed strong results with net fund inflows of $6.2 billion year to date, an $11.2 billion improvement compared to the previous year. Canadian Wealth Management saw double-digit loan and deposit growth.

International Banking Profitability

International Banking reported a Q3 return on equity of 15%, up 180 basis points year over year, with earnings up 21% year over year in international wealth business.

Global Banking and Markets Success

Strong trading revenues and advisory fees in Global Banking and Markets, with the U.S. contributing 42% of GBM earnings in Q3. Record high M&A fees and strong trading-related revenues, up 50% year to date.

Capital and Liquidity Optimization

CET1 ratio improved to 13.3% with strong internal capital generation. The loan-to-deposit ratio improved to 104%, and the wholesale funding to total assets ratio decreased significantly.

Bank Of Nova Scotia (TSE:BNS) Earnings, Revenues Date & History

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TSE:BNS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 02, 2025	2025 (Q4)	1.83 / -	1.57	―	―	―
Aug 26, 2025	2025 (Q3)	1.73 / 1.88	1.63	15.34% (+0.25)
May 30, 2025	2025 (Q2)	1.55 / 1.52	1.58	-3.80% (-0.06)
Feb 25, 2025	2025 (Q1)	1.65 / 1.76	1.69	4.14% (+0.07)
Dec 03, 2024	2024 (Q4)	1.60 / 1.57	1.26	24.60% (+0.31)
Aug 27, 2024	2024 (Q3)	1.62 / 1.63	1.73	-5.78% (-0.10)
May 28, 2024	2024 (Q2)	1.56 / 1.58	1.7	-7.06% (-0.12)
Feb 27, 2024	2024 (Q1)	1.61 / 1.69	1.85	-8.65% (-0.16)
Nov 28, 2023	2023 (Q4)	1.65 / 1.26	2.06	-38.83% (-0.80)
Aug 29, 2023	2023 (Q3)	1.74 / 1.73	2.1	-17.62% (-0.37)

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
Aug 26, 2025	C$79.53	C$84.98	+6.85%
May 30, 2025	C$72.47	C$72.36	-0.15%
Feb 25, 2025	C$70.07	C$69.26	-1.15%
Dec 03, 2024	C$76.34	C$73.76	-3.37%

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.