The Bank of Nova Scotia's earnings growth is decelerating as the tailwind from higher rates fades, with NII growth slowing to 6.8% in 2026Q3 from 13.5% in 2025Q4.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth is moderating with NII growth decelerating to 6.8% in 2026Q3, while the net interest margin has remained flat at 0.4% for ten consecutive quarters, indicating that higher asset yields are being fully offset by rising funding costs.
The stock is trading below its fair value, offering a potential upside of 5.19% to 7.33% from recent trading prices. Analysts see this as a buying opportunity for investors looking for modest gains.
BNS has a substantial market capitalization, underscoring its solid presence in the financial services sector. This scale provides resilience and a platform for continued growth.
Recent year‑over‑year earnings growth has exceeded industry averages, indicating effective management and a competitive edge. The bank’s EPS and ROE remain healthy, supporting shareholder returns.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 25, 2026 | $1.64+7.2% vs $1.53 | $7.5B+5.7% vs $7.1B |
Q2 2026 May 27, 2026 | $1.47+3.5% vs $1.42 | $7.2B+1.5% vs $7.1B |
Q1 2026 Feb 24, 2026 | $1.48+4.2% vs $1.42 | $7.4B+3.7% vs $7.1B |
Q4 2025 Dec 2, 2025 | $1.39+4.5% vs $1.33 | $13.0B+85.8% vs $7.0B |
The TSX Composite Index has come under intense pressure in the past few months. It dropped to 35,788 points on Friday, down by 3.53% from the year-to-date high.
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On October 07, 2026, Bank of Nova Scotia (BNS) shares fell 3.3%, bringing the current price to $87.23. This decline comes in the context of a 52-week range of $
Here is how Bank of Nova Scotia (BNS) and Popular (BPOP) have performed compared to their sector so far this year.
Benchmark BNS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for The Bank of Nova Scotia (BNS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $91.69 | $112.42B | 22.65 | 387.04% | 21% | 9.02% | 3.35% | |
| $122.40 | $206.79B | 14.89 | 8.93% | 24.95% | 12.83% | 2.59% | |
| $171.13 | $119.86B | 21.03 | 12.67% | 23.68% | 10.58% | 2.89% | |
| $115.18 | $106.73B | 18.90 | 13.66% | 31.47% | 15.37% | 2.62% | |
| $201.16 | $280.94B | 20.07 | 15.73% | 31.01% | 16.1% | 2.21% | |
| $143.80 | $98.7B | 19.41 | 8.22% | 14.66% | 13.32% | 1.43% |
The Bank of Nova Scotia (BNS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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The Bank of Nova Scotia (BNS) stock FAQ — growth, dividends, profitability & financials explained
The Bank of Nova Scotia (BNS) grew revenue by 387.0% in fiscal year 2025, compared with the prior fiscal year.
Yes. The Bank of Nova Scotia (BNS) earned $10.01B in net income over the trailing twelve months (a 25.4% net margin).
Yes. The Bank of Nova Scotia (BNS) pays a dividend that yields 3.35% at the current price, a moderate yield.
The Bank of Nova Scotia (BNS) had a return on equity (ROE) of 9.0% in fiscal year 2025. That is below the market's typical 10-15%.
The Bank of Nova Scotia (BNS) has a net interest margin (NIM) of 1.5%. NIM has been under pressure due to interest rate environment.
The Bank of Nova Scotia (BNS) has an efficiency ratio of 59.0%. This is reasonable for a bank.
