The Bank of Nova Scotia (BNS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
The Bank of Nova Scotia (BNS) stock price & volume — 10-year historical chart
The Bank of Nova Scotia (BNS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
The Bank of Nova Scotia (BNS) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 24, 2026 | $1.48vs $1.42+4.2% | $7.4Bvs $7.1B+3.7% |
| Q4 2025 | Dec 2, 2025 | $1.39vs $1.33+4.5% | $13.0Bvs $7.0B+85.8% |
| Q3 2025 | Aug 26, 2025 | $1.37vs $1.28+7.0% | $13.0Bvs $6.8B+91.0% |
| Q2 2025 | May 27, 2025 | $1.06vs $1.14-7.0% | $13.0Bvs $6.8B+92.5% |
The Bank of Nova Scotia (BNS) competitors in North American universal banks — business model, growth, and fundamentals comparison
The Bank of Nova Scotia (BNS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
The Bank of Nova Scotia (BNS) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Oct'24 | Oct'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 15.04B | 16.19B | 17.18B | 17.32B | 16.96B | 18.11B | 18.29B | 19.25B | 21.52B |
| NII Growth % | 5.2% | 7.69% | 6.09% | 0.83% | -2.07% | 6.8% | 0.95% | 5.28% | 11.79% |
| Net Interest Margin % | 1.64% | 1.62% | 1.58% | 1.52% | 1.43% | 1.34% | 1.3% | 1.36% | 1.47% |
| Interest Income | 23.93B | 28.07B | 32.78B | 29.71B | 24.99B | 33.56B | 56.82B | 61.66B | 57.6B |
| Interest Expense | 8.89B | 11.88B | 15.61B | 12.39B | 8.03B | 15.44B | 38.54B | 42.41B | 36.08B |
| Loan Loss Provision | -8.89B | -11.88B | -15.61B | -12.39B | -8.03B | -15.44B | -38.54B | 4.05B | 4.71B |
| Non-Interest Income | 2.82B | 149M | -2.55B | 1.58B | 5.93B | -2.41B | -25.04B | -32.18B | 15.57B |
| Non-Interest Income % | 10.55% | 0.53% | -8.43% | 5.05% | 19.17% | -7.74% | -78.76% | -109.13% | 21.28% |
| Total Revenue | 26.75B▲ 0% | 28.22B▲ 5.5% | 30.24B▲ 7.2% | 31.29B▲ 3.5% | 30.91B▼ 1.2% | 31.15B▲ 0.8% | 31.79B▲ 2.1% | 29.48B▼ 7.2% | 73.18B▲ 148.2% |
| Revenue Growth % | 3.13% | 5.49% | 7.16% | 3.49% | -1.21% | 0.76% | 2.05% | -7.25% | 148.2% |
| Non-Interest Expense | -7.82B | -5.41B | -19.37B | -22.97B | -18.42B | -3.03B | 31.79B | 19.64B | 21.87B |
| Efficiency Ratio | -29.23% | -19.17% | -64.08% | -73.41% | -59.58% | -9.73% | 100% | 66.61% | 29.89% |
| Operating Income | 18.93B▲ 0% | 22.81B▲ 20.5% | 10.86B▼ 52.4% | 8.32B▼ 23.4% | 12.49B▲ 50.2% | 28.12B▲ 125.0% | 8.69B▼ 69.1% | 13.18B▲ 51.7% | 10.51B▼ 20.3% |
| Operating Margin % | 70.77% | 80.83% | 35.92% | 26.59% | 40.42% | 90.27% | 27.34% | 44.72% | 14.36% |
| Operating Income Growth % | 10.94% | 20.48% | -52.37% | -23.39% | 50.16% | 125.03% | -69.09% | 51.71% | -20.29% |
| Pretax Income | 10.28B▲ 0% | 11.11B▲ 8.1% | 11.27B▲ 1.5% | 8.4B▼ 25.5% | 12.83B▲ 52.8% | 12.93B▲ 0.8% | 9.75B▼ 24.6% | 9.92B▲ 1.7% | 10.51B▲ 5.9% |
| Pretax Margin % | 38.42% | 39.36% | 37.27% | 26.83% | 41.49% | 41.52% | 30.69% | 33.66% | 14.36% |
| Income Tax | 2.03B | 2.38B | 2.47B | 1.54B | 2.87B | 2.76B | 2.23B | 2.03B | 2.75B |
| Effective Tax Rate % | 19.78% | 21.45% | 21.93% | 18.38% | 22.38% | 21.33% | 22.82% | 20.48% | 26.18% |
| Net Income | 8.01B▲ 0% | 8.55B▲ 6.8% | 8.39B▼ 1.8% | 6.78B▼ 19.2% | 9.62B▲ 42.0% | 9.92B▲ 3.0% | 7.41B▼ 25.3% | 7.76B▲ 4.7% | 7.79B▲ 0.4% |
| Net Margin % | 29.93% | 30.29% | 27.75% | 21.66% | 31.13% | 31.84% | 23.31% | 26.31% | 10.64% |
| Net Income Growth % | 12.48% | 6.78% | -1.85% | -19.21% | 41.99% | 3.03% | -25.27% | 4.7% | 0.4% |
| Net Income (Continuing) | 7.84B | 8.16B | 8.15B | 6.61B | 9.62B | 9.91B | 7.53B | 7.89B | 7.76B |
| EPS (Diluted) | 6.49▲ 0% | 6.96▲ 7.2% | 6.67▼ 4.2% | 5.30▼ 20.5% | 7.70▲ 45.3% | 8.02▲ 4.2% | 5.81▼ 27.6% | 5.86▲ 0.9% | 5.69▼ 2.9% |
| EPS Growth % | 12.48% | 7.24% | -4.17% | -20.54% | 45.28% | 4.16% | -27.56% | 0.86% | -2.9% |
| EPS (Basic) | 6.55 | 7.05 | 6.72 | 5.43 | 7.74 | 8.05 | 5.84 | 5.94 | 5.69 |
| Diluted Shares Outstanding | 1.22B | 1.23B | 1.25B | 1.24B | 1.23B | 1.21B | 1.2B | 1.23B | 1.25B |
The Bank of Nova Scotia (BNS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Oct'24 | Oct'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 105.59B | 110.68B | 81.46B | 116.5B | 120.05B | 119.31B | 140.83B | 108.17B | 108.1B |
| Cash & Due from Banks | 59.66B | 62.27B | 46.72B | 76.46B | 86.32B | 65.89B | 90.31B | 63.86B | 65.97B |
| Short Term Investments | 45.92B | 48.41B | 34.74B | 40.04B | 33.73B | 53.41B | 50.51B | 44.3B | 42.13B |
| Total Investments | 200.94B | 217.6B | 236.38B | 263.39B | 249.73B | 269.6B | 281B | 321.04B | 1.01T |
| Investments Growth % | 2.38% | 8.29% | 8.63% | 11.43% | -5.19% | 7.96% | 4.23% | 14.25% | 214.42% |
| Long-Term Investments | 155.02B | 169.19B | 201.63B | 223.35B | 216B | 216.19B | 230.49B | 276.73B | 967.27B |
| Accounts Receivables | 3.85B | 4.68B | 5.09B | 4.84B | 4.36B | 5.42B | 7.13B | 7.47B | 7.72B |
| Goodwill & Intangibles | 12.11B | 17.72B | 17.46B | 17.02B | 16.6B | 16.83B | 17.19B | 16.85B | 16.17B |
| Goodwill | 7.24B | 10.01B | 9.63B | 9.28B | 8.85B | 8.87B | 9.18B | 8.96B | 8.59B |
| Intangible Assets | 4.86B | 7.71B | 7.83B | 7.74B | 7.76B | 7.96B | 8.01B | 7.89B | 7.58B |
| PP&E (Net) | 2.38B | 2.68B | 2.67B | 5.9B | 5.62B | 5.7B | 5.64B | 5.25B | 4.88B |
| Other Assets | -169.51B | -1.94B | -1.57B | -2.19B | -2.05B | -1.9B | 1.15T | 991.94B | 345.4B |
| Total Current Assets | 110.78B | 118.16B | 89.25B | 125.2B | 129.13B | 132.69B | 154.84B | 121.25B | 123.06B |
| Total Non-Current Assets | 169.51B | 189.59B | 221.77B | 246.26B | 238.23B | 238.72B | 1.41T | 1.29T | 1.34T |
| Total Assets | 915.27B▲ 0% | 998.49B▲ 9.1% | 1.09T▲ 8.8% | 1.14T▲ 4.6% | 1.18T▲ 4.3% | 1.35T▲ 13.9% | 1.41T▲ 4.5% | 1.41T▲ 0.1% | 1.46T▲ 3.4% |
| Asset Growth % | 2.12% | 9.09% | 8.78% | 4.63% | 4.26% | 13.89% | 4.55% | 0.09% | 3.4% |
| Return on Assets (ROA) | 0.88% | 0.89% | 0.8% | 0.61% | 0.83% | 0.78% | 0.54% | 0.55% | 0.54% |
| Accounts Payable | 8.84B | 9.4B | 9.2B | 8.31B | 8.92B | 12.56B | 16.98B | 16.77B | 17.85B |
| Total Debt | 10.6B | 13.89B | 19.49B | 7.41B | 245.66B | 310.86B | 313.81B | 300.67B | 504.02B |
| Net Debt | -49.06B | -48.38B | -27.23B | -69.06B | 159.34B | 244.96B | 223.5B | 236.81B | 438.06B |
| Long-Term Debt | 10.6B | 13.89B | 140.24B | 155.17B | 158.27B | 177.43B | 190.68B | 194.31B | 199.57B |
| Short-Term Debt | 0 | 0 | 0 | 0 | 83.98B | 130.11B | 119.93B | 103.38B | 301.49B |
| Other Liabilities | -10.6B | -13.89B | -140.24B | -158.65B | -161.68B | -180.75B | 450.51B | 93.29B | 100.85B |
| Total Current Liabilities | 102.48B | 102.76B | 122.72B | 65.61B | 92.9B | 142.67B | 649.64B | 722.1B | 1.07T |
| Total Non-Current Liabilities | 102.48B | 102.76B | 20.79B | 8.48B | 162.83B | 142.67B | 644.4B | 291.97B | 304.8B |
| Total Liabilities | 853.65B | 930.81B | 1.02T | 1.07T | 1.11T | 1.27T | 1.33T | 1.33T | 1.37T |
| Total Equity | 61.63B▲ 0% | 67.68B▲ 9.8% | 70.19B▲ 3.7% | 70.5B▲ 0.4% | 72.89B▲ 3.4% | 74.75B▲ 2.5% | 78.67B▲ 5.2% | 84.08B▲ 6.9% | 88.59B▲ 5.4% |
| Equity Growth % | 6.58% | 9.83% | 3.71% | 0.44% | 3.39% | 2.55% | 5.24% | 6.88% | 5.37% |
| Equity / Assets (Capital Ratio) | 6.73% | 6.78% | 6.46% | 6.2% | 6.15% | 5.54% | 5.58% | 5.95% | 6.07% |
| Return on Equity (ROE) | 13.4% | 13.22% | 12.17% | 9.63% | 13.42% | 13.43% | 9.66% | 9.53% | 9.02% |
| Book Value per Share | 50.39 | 55.07 | 56.11 | 56.72 | 59.50 | 61.88 | 65.34 | 68.24 | 71.15 |
| Tangible BV per Share | 40.49 | 40.65 | 42.15 | 43.03 | 45.95 | 47.94 | 51.06 | 54.56 | 58.17 |
| Common Stock | 15.64B | 18.23B | 18.26B | 18.24B | 18.51B | 18.71B | 20.11B | 22.05B | 22.07B |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 38.12B | 41.41B | 44.44B | 46.34B | 51.35B | 53.76B | 55.75B | 57.75B | 58.92B |
| Accumulated OCI | 1.69B | 1.4B | 935M | -1.76B | -5.11B | -7.32B | -7B | -6.21B | -4.06B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 4.58B | 4.18B | 3.88B | 5.31B | 6.05B | 8.07B | 8.07B | 8.78B | 9.94B |
The Bank of Nova Scotia (BNS) cash flow — operating, investing & free cash flow history
| Line item | Oct'17 | Oct'18 | Oct'19 | Oct'20 | Oct'21 | Oct'22 | Oct'23 | Oct'24 | Oct'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 16.58B | 17.81B | -12.03B | 56.66B | -12.81B | 16.94B | 11.47B | 15.65B | 5.41B |
| Operating CF Growth % | 304.59% | 7.4% | -167.51% | 571.22% | -122.6% | 232.29% | -32.3% | 36.46% | -65.45% |
| Net Income | 8.24B | 8.72B | 8.8B | 6.85B | 9.96B | 10.17B | 7.53B | 7.76B | 7.76B |
| Depreciation & Amortization | 761M | 848M | 1.05B | 1.55B | 1.51B | 1.53B | 1.82B | 1.76B | 1.6B |
| Deferred Taxes | 2.03B | 2.38B | 2.47B | 1.54B | 2.87B | 2.76B | 2.23B | 2.03B | 2.75B |
| Other Non-Cash Items | 872M | 93M | -90M | 3B | -967M | -594M | 4.31B | 2.2B | 1.21B |
| Working Capital Changes | 4.67B | 5.76B | -24.27B | 43.72B | -26.18B | 3.06B | -4.83B | 1.89B | -7.93B |
| Cash from Investing | -12.54B | -13.72B | 15.22B | -56.46B | 14.7B | -11.29B | -30.04B | -7.45B | 1.57B |
| Purchase of Investments | -64.56B | -91.9B | -89.02B | -147.63B | -72.26B | -97.74B | -100.92B | -108.28B | -70.1B |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Net Investment Activity | -64.56B | -91.9B | -89.02B | -147.63B | -72.26B | -97.74B | -100.92B | -108.28B | -70.1B |
| Acquisitions | 229M | -3.86B | 20M | 3.94B | -717M | -549M | 895M | 0 | -2.64B |
| Other Investing | -385M | -1.89B | 17.45B | -31.03B | -15.63B | 24.43B | -24.45B | 24.53B | -807M |
| Cash from Financing | -2.93B | -2.87B | -1.29B | 28.13B | -2.78B | -4.58B | 16.71B | -8.84B | -6.31B |
| Dividends Paid | -3.8B | -4.17B | -4.44B | -4.56B | -4.6B | -5.12B | -5.42B | -5.67B | -5.88B |
| Share Repurchases | -1.58B | -1.33B | -1.38B | -679M | -1.26B | -3.37B | 0 | 0 | -895M |
| Stock Issued | 313M | 2.13B | 255M | 59M | 2.27B | 137M | 1.4B | 1.95B | 210M |
| Net Stock Activity | -1.27B | 803M | -1.12B | -620M | 1.01B | -3.24B | 1.4B | 1.95B | -685M |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K |
| Other Financing | 29.59B | 41.07B | 63.5B | 33.45B | 1.91B | -506M | 19.69B | -3.26B | -360M |
| Net Change in Cash | 970M▲ 0% | 1.17B▲ 20.8% | 1.91B▲ 62.7% | 219M▼ 88.5% | -1.43B▼ 753.0% | 1.37B▲ 195.9% | -892M▼ 165.0% | -767M▲ 14.0% | 850M▲ 210.8% |
| Exchange Rate Effect | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K |
| Cash at Beginning | 6.86B | 7.83B | 9B | 10.9B | 11.12B | 9.69B | 11.06B | 10.17B | 9.41B |
| Cash at End | 7.83B | 9B | 10.9B | 11.12B | 9.69B | 11.06B | 10.17B | 9.41B | 10.26B |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 2.58B▲ 0% | 17.39B▲ 574.0% | -12.21B▼ 170.2% | 55.89B▲ 557.7% | -13.27B▼ 123.7% | 16.37B▲ 223.4% | 31.28B▲ 91.1% | 15.16B▼ 51.5% | 5.06B▼ 66.6% |
| FCF Growth % | -31.19% | 573.96% | -170.2% | 557.73% | -123.74% | 223.39% | 91.07% | -51.53% | -66.63% |
The Bank of Nova Scotia (BNS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 12.79% | 13.4% | 13.22% | 12.17% | 9.63% | 13.42% | 13.43% | 9.66% | 9.53% | 9.02% |
| Return on Assets (ROA) | 0.81% | 0.88% | 0.89% | 0.8% | 0.61% | 0.83% | 0.78% | 0.54% | 0.55% | 0.54% |
| Net Interest Margin | 1.59% | 1.64% | 1.62% | 1.58% | 1.52% | 1.43% | 1.34% | 1.3% | 1.36% | 1.47% |
| Efficiency Ratio | -34.21% | -29.23% | -19.17% | -64.08% | -73.41% | -59.58% | -9.73% | 100% | 66.61% | 29.89% |
| Equity / Assets | 6.45% | 6.73% | 6.78% | 6.46% | 6.2% | 6.15% | 5.54% | 5.58% | 5.95% | 6.07% |
| Book Value / Share | 47.16 | 50.39 | 55.07 | 56.11 | 56.72 | 59.5 | 61.88 | 65.34 | 68.24 | 71.15 |
| NII Growth | 9.17% | 5.2% | 7.69% | 6.09% | 0.83% | -2.07% | 6.8% | 0.95% | 5.28% | 11.79% |
| Dividend Payout | 50.56% | 47.43% | 48.81% | 52.94% | 67.26% | 47.84% | 51.61% | 73.17% | 67% | 68.93% |
The Bank of Nova Scotia (BNS) stock FAQ — growth, dividends, profitability & financials explained
The Bank of Nova Scotia (BNS) grew revenue by 148.2% over the past year. This is strong growth.
Yes, The Bank of Nova Scotia (BNS) is profitable, generating $7.79B in net income for fiscal year 2025 (10.6% net margin).
Yes, The Bank of Nova Scotia (BNS) pays a dividend with a yield of 4.05%. This makes it attractive for income-focused investors.
The Bank of Nova Scotia (BNS) has a return on equity (ROE) of 9.0%. This is below average, suggesting room for improvement.
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 29.9%. This is excellent, indicating strong cost control.
The Bank of Nova Scotia (BNS) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates