Bank of Nova Scotia (TSE:BNS) Announces Quarterly Earnings Results

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

Bank of Nova Scotia Trading Up 4.8%

Shares of BNS stock traded up C$5.73 during mid-day trading on Tuesday, reaching C$126.02. The stock had a trading volume of 1,800,153 shares, compared to its average volume of 4,147,482. Bank of Nova Scotia has a 1-year low of C$81.44 and a 1-year high of C$127.63. The firm has a market cap of C$153.63 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.33 and a beta of 1.30. The business’s fifty day moving average is C$123.18 and its 200-day moving average is C$110.51.

Bank of Nova Scotia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 29th were issued a dividend of $1.14 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a yield of 3.6%. Bank of Nova Scotia’s dividend payout ratio is 60.69%.

Analysts Set New Price Targets

BNS has been the topic of several analyst reports. Barclays increased their price target on Bank of Nova Scotia from C$110.00 to C$130.00 in a report on Friday. Desjardins lifted their price target on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods set a C$148.00 price target on shares of Bank of Nova Scotia and gave the company a “moderate buy” rating in a research note on Friday. Raymond James Financial raised their target price on 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. Finally, Canaccord Genuity Group increased their price target on Bank of Nova Scotia from C$111.00 to C$121.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Two equities 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.com, Bank of Nova Scotia presently has an average rating of “Hold” and an average target price of C$121.64.

Bank of Nova Scotia Company Profile

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).