Bank Of Nova Scotia

Bank Of Nova Scotia

BNS

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Market Cap$102.98B
Close$

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P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Bank Of Nova ScotiaBank Of Nova Scotia15.13.75%11%1.22.8

Earnings Call Q2 2026

May 27, 2026 - AI Summary

Solid quarterly performance + capital return (good/surprising) - Adjusted earnings: $2.7B / $2.02 EPS; ROE: 13.2%. - Pretax pre-provision earnings: +16% YoY (driven by revenue growth + expense management). - Dividends: Board announced a quarterly dividend increase of $0.04/share. - Buybacks: 6.4M shares repurchased in the quarter (≈ 13 bps capital usage); CET1 at 13.3% *even after* buyback.
Business momentum + mix shifting (good) - Pretax pre-provision by segment: - Canadian Banking: +13% YoY; 4th straight quarter of margin expansion; fee income strength (wealth/credit cards/insurance). - International Banking: +12% YoY; revenue +7% YoY, positive operating leverage 3.2% YTD; Mexico especially strong (revenue +8%, earnings +25%). - Global Wealth Management: net sales $4.7B, 4x Q2’25, 7th consecutive quarter of positive flows; ROE 17.9% (+210 bps YoY). - Global Banking & Markets: revenues +9% YoY, capital markets +25% YoY. - Deposits strategy working: retaining >90% of retail GIC maturities despite industry GIC contraction; savings/day-to-day deposits up 3% YoY in Canadian Banking. - Opportunity/tactical deposit initiative: launch of Scotia High Interest Savings Account (relationship-based tiered rates) to grow sticky deposits.
Credit quality: allowances rising; impaired PCL guidance updated (mixed, important) - Provision for credit losses (All Bank): $1.2B / 66 bps (+5 bps QoQ). - Allowance for credit losses: $7.3B / 96 bps (+2 bps QoQ). - Key drivers of elevated impairment in Q2: mainly a single corporate account in International Banking (≈ 7 bps of impaired PCLs) plus some Canadian forward-looking effects. - Updated outlook/forecast (watch closely): - Impaired PCLs expected in the mid-50 bps range for the remainder of 2026, but the moderation is expected to be more gradual than previously anticipated. - Management explicitly said full-year impairment is higher than earlier expectations, driven by macro evolution since December (energy costs, trade uncertainty, inflation).

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$-46.99

Current Fair Value

155.9% downside

Overvalued by 155.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$102.98 Billion
Enterprise Value$341.63 Billion
Dividend Yield$3.18 (3.75%)
Earnings per Share$5.69
Beta1.22
Outstanding Shares904,911,000

Return

Return on Equity10.98%ROE
Return on Assets0.63%
Return on Invested Capital1.50%

Valuation & Multiples

P/E Ratio15.13P/E Ratio
PEG48.36PEG
Price to Sales1.22Price to Sales
Price to Book Ratio0.87Price to Book Ratio
Enterprise Value to Revenue5.42
Enterprise Value to EBIT17.91
Enterprise Value to Net Income35
Total Debt to Enterprise0.73
Debt to Equity2.84Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 27, 2026
EPS Estimate
$1.42
Average shareholder expectation
Revenue Estimate
$7.13 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 25, 2026
EPS Estimate
$1.51
Average shareholder expectation
Revenue Estimate
$7.13 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio2.2536▼ 52.17%
Total Calls10,185,400▼ 16.33%
Total Puts22,954,100▼ 32.06%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %43.17%▼ 2.60%
Total Invested$37.29B▼ 11.59%
Investors Holding535▲ 22.00%

ESG Score

No data

About Bank Of Nova Scotia

CEO: Brian Porter

Relevant Senate Committees

Joint Committee on Taxation

As the body responsible for technical tax analysis and revenue estimates, it directly influences the corporate tax structures, capital investment credits, and overall tax burden that apply to commercial banks and their clients.

Finance

As the primary committee for taxation and trade, it directly impacts a commercial bank's corporate tax burden, the financial health of its trade-exposed clients, and overall economic policy.

Agriculture, Nutrition, and Forestry

The committee's oversight of the CFTC and its role in regulating derivatives, futures markets, and defining cryptocurrencies as commodities directly impacts a commercial bank's capital markets activities and emerging digital asset strategies.

Banking, Housing, and Urban Affairs

This committee directly regulates the financial system, including bank capital requirements, financial institutions (like BNS), and real estate markets, making it critically important for commercial banking.

Foreign Relations

Sanctions legislation, sovereign credit risk, and international banking access directly impact a global commercial bank's operations, risk profile, and profitability, especially for a bank with 'Nova Scotia' in its name, implying international reach.