A strong performance from the Bank of Nova Scotia highlights its resilience amid economic challenges.
On August 25, 2026, the Bank of Nova Scotia (BNS.TO) reported its third quarter earnings, showing impressive growth and exceeding analyst expectations. The bank's adjusted earnings per share (EPS) reached $2.27, well above the anticipated $2.10, marking a 7.9% surprise. This is the fourth consecutive quarter that BNS has outperformed estimates, demonstrating its solid business model and strategic focus.
Recent earnings trend
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Bank of Nova Scotia
BNS.TO
BNS.TO
Bank of Nova Scotia
WealthAwesomeMarket cap
$157.21B
P/E
17.8x
52W high
$129.25
52W low
$81.27
1W change
+2.69%
Beta
1.21
Analyst Price Targets
Based on analyst covering BNS
Wall Street analysts forecast BNS stock price to fall 1.5% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$126.79
-1.5% Upside
Current Price
C$128.73
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BNS's historical volatility
30-Day Vol
28.1%
Annualized
90-Day Vol
21.1%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$153.90
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$136.63 | C$124.00 โ C$150.54 |
| 60 trading days | C$145.00 | C$126.42 โ C$166.32 |
| 90 trading days | C$153.90 | C$130.10 โ C$182.04 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 9 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-07-31 | 2026-08-25 | 2.2659 | 2.1000 | +7.9% |
| 2026-04-30 | 2026-05-27 | 2.0200 | 1.9400 | +4.1% |
| 2026-01-31 | 2026-02-24 | 2.0500 | 1.9500 | +5.1% |
| 2025-10-31 | 2025-12-02 | 1.9300 | 1.8400 | +4.9% |
| 2025-07-31 | 2025-08-26 | 1.8400 | 1.7200 | +7.0% |
| 2025-04-30 | 2025-05-27 | 1.5200 | 1.5700 | -3.2% |
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Investor takeaway: Investors should pay attention to the Bank of Nova Scotia's strong earnings and strategic initiatives aimed at maintaining growth. With a reliable dividend and ongoing share buybacks, the bank seems well-prepared to handle external economic pressures.
Bull case
The Bank of Nova Scotia's diverse business model spans Canada and international markets, especially in Latin America, which positions it to seize growth opportunities. The rise in net income and revenue, along with effective cost management, indicates a resilient operational strategy that can weather economic ups and downs.
Bear case
Despite the positive earnings report, there are still risks to consider, such as exposure to changing economic conditions in Latin America and the Canadian housing market. Investors should stay cautious about credit quality and loan allowances, as trade tensions could affect client performance.
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