Bank of Nova Scotia (TSE:BNS) Posts Earnings Results

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) released its earnings results on Tuesday. The bank reported C$2.28 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$10.54 billion during the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.

Bank of Nova Scotia Stock Up 7.0%

Bank of Nova Scotia stock opened at C$128.73 on Wednesday. The company’s 50-day moving average price is C$123.36 and its 200-day moving average price is C$110.70. Bank of Nova Scotia has a twelve month low of C$81.44 and a twelve month high of C$129.25. The company has a market cap of C$156.93 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 29th were paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, July 7th. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10. Bank of Nova Scotia’s dividend payout ratio is 60.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BNS shares. Raymond James Financial increased their price objective on shares of Bank of Nova Scotia from C$121.00 to C$137.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Canaccord Genuity Group upped their target price on shares of Bank of Nova Scotia from C$111.00 to C$121.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Jefferies Financial Group raised their target price on shares of Bank of Nova Scotia from C$112.00 to C$117.00 and gave the company a “hold” rating in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce boosted their price target on shares of Bank of Nova Scotia from C$122.00 to C$136.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Finally, Desjardins increased their price objective on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$121.64.

About Bank of Nova Scotia

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: ‘for every future,’ we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).