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BNSThe Bank of Nova Scotia
$87.03$106.7B
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BNS logoThe Bank of Nova Scotia(BNS)Earnings, Financials & Key Ratios

BNS•NYSE•Banking & Credit
21.6× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryDiversified BanksSub-IndustryNorth American universal banks
AboutThe Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses, including automotive financing solutions to dealers and their customers. It also provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides online, mobile, and telephone banking services. The company operates a network of 954 branches and approximately 3,766 automated banking machines in Canada; and approximately 1,300 branches and a network of contact and support center internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.Show more
  • Net Interest Income$21.52B+11.8%
  • Total Revenue$73.18B+148.2%
  • Net Income$7.79B+0.4%
  • Return on Equity9.02%-5.4%
  • Net Interest Margin1.47%+8.1%
  • Efficiency Ratio29.89%-55.1%
  • ROA0.54%-1.3%
  • Equity / Assets6.07%+1.9%
  • Book Value per Share71.15+4.3%

BNS Key Insights

The Bank of Nova Scotia (BNS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Efficient operations: 29.9% efficiency ratio
  • ✓Healthy dividend yield of 3.5%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High debt to equity ratio of 5.7x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Weak NIM of 1.5%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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BNS Price & Volume

The Bank of Nova Scotia (BNS) stock price & volume — 10-year historical chart

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BNS Growth Metrics

The Bank of Nova Scotia (BNS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.96%
5 Years18.52%
3 Years32.94%
TTM-

Profit CAGR

10 Years1.05%
5 Years2.82%
3 Years-7.73%
TTM43.77%

EPS CAGR

10 Years0.04%
5 Years1.43%
3 Years-10.81%
TTM51.36%

Return on Capital

10 Years1.75%
5 Years1.65%
3 Years1.55%
Last Year1.94%

BNS Recent Earnings

The Bank of Nova Scotia (BNS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
May 27, 2026
Metric
Actual
Est
EPS
$1.47+3.5%
$1.42
Rev
$7.2B+1.5%
$7.1B
Q1 2026
Feb 24, 2026
Metric
Actual
Est
EPS
$1.48+4.2%
$1.42
Rev
$7.4B+3.7%
$7.1B
Q4 2025
Dec 2, 2025
Metric
Actual
Est
EPS
$1.39+4.5%
$1.33
Rev
$13.0B+85.8%
$7.0B
Q3 2025
Aug 26, 2025
Metric
Actual
Est
EPS
$1.37+7.0%
$1.28
Rev
$13.0B+91.0%
$6.8B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 27, 2026
$1.47vs $1.42+3.5%
$7.2Bvs $7.1B+1.5%
Q1 2026Feb 24, 2026
$1.48vs $1.42+4.2%
$7.4Bvs $7.1B+3.7%
Q4 2025Dec 2, 2025
$1.39vs $1.33+4.5%
$13.0Bvs $7.0B+85.8%
Q3 2025Aug 26, 2025
$1.37vs $1.28+7.0%
$13.0Bvs $6.8B+91.0%
Based on last 12 quarters of dataView full earnings history →

BNS Peer Comparison

The Bank of Nova Scotia (BNS) competitors in North American universal banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
TD logoTDThe Toronto-Dominion BankDirect Competitor201.54B119.2914.56-2.8%13.24%11.85%5.19
BMO logoBMOBank of MontrealDirect Competitor119.65B170.8221.06-0.52%12.63%11.24%4.71
CM logoCMCanadian Imperial Bank of CommerceDirect Competitor103.49B111.6918.38-3.14%15.88%15.17%5.52
RY logoRYRoyal Bank of CanadaDirect Competitor281.5B201.5620.182.13%15.93%15.94%6.00
BK logoBKThe Bank of New York Mellon CorporationDirect Competitor100.01B141.9119.152.25%13.72%12.52%0.76
USB logoUSBU.S. BancorpDirect Competitor90.47B58.1412.610.35%17.68%12.03%1.19
JPM logoJPMJPMorgan Chase & Co.Product Competitor908.57B325.2216.223.31%20.35%15.95%2.60
BAC logoBACBank of America CorporationProduct Competitor424.14B56.2014.71-0.45%15.93%10.15%1.21

Compare BNS vs Peers

The Bank of Nova Scotia (BNS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TD

Most directly comparable listed peer for BNS.

Scale Benchmark

vs JPM

Larger-name benchmark to compare BNS against a more recognizable public peer.

Peer Set

Compare Top 5

vs TD, BMO, CM, RY

BNS Income Statement

The Bank of Nova Scotia (BNS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Net Interest Income
15.04B16.19B17.18B17.32B16.96B18.11B18.29B19.25B21.52B22.18B
NII Growth %
5.2%7.69%6.09%0.83%-2.07%6.8%0.95%5.28%11.79%39.11%
Net Interest Margin %
1.64%1.62%1.58%1.52%1.43%1.34%1.3%1.36%1.47%1.46%
Interest Income
23.93B28.07B32.78B29.71B24.99B33.56B56.82B61.66B57.6B54.76B
Interest Expense
8.89B11.88B15.61B12.39B8.03B15.44B38.54B42.41B36.08B32.58B
Loan Loss Provision
-8.89B-11.88B-15.61B-12.39B-8.03B-15.44B-38.54B4.05B4.71B4.55B
Non-Interest Income
2.82B149M-2.55B1.58B5.93B-2.41B-25.04B-32.18B15.57B16.22B
Non-Interest Income %
10.55%0.53%-8.43%5.05%19.17%-7.74%-78.76%-109.13%21.28%22.85%
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%
70.98B▲ 0%
Revenue Growth %
3.13%5.49%7.16%3.49%-1.21%0.76%2.05%-7.25%148.2%-22.19%
Non-Interest Expense
-7.82B-5.41B-19.37B-22.97B-18.42B-3.03B31.79B19.64B21.87B21.04B
Efficiency Ratio
-29.23%-19.17%-64.08%-73.41%-59.58%-9.73%100%66.61%29.89%29.64%
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%
12.82B▲ 0%
Operating Margin %
70.77%80.83%35.92%26.59%40.42%90.27%27.34%44.72%14.36%18.06%
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%
12.82B▲ 0%
Pretax Margin %
38.42%39.36%37.27%26.83%41.49%41.52%30.69%33.66%14.36%18.06%
Income Tax
2.03B2.38B2.47B1.54B2.87B2.76B2.23B2.03B2.75B3.16B
Effective Tax Rate %
19.78%21.45%21.93%18.38%22.38%21.33%22.82%20.48%26.18%24.62%
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%
9.55B▲ 0%
Net Margin %
29.93%30.29%27.75%21.66%31.13%31.84%23.31%26.31%10.64%13.45%
Net Income Growth %
12.48%6.78%-1.85%-19.21%41.99%3.03%-25.27%4.7%0.4%43.77%
Net Income (Continuing)
7.84B8.16B8.15B6.61B9.62B9.91B7.53B7.89B7.76B9.66B
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%
10.53▲ 0%
EPS Growth %
12.48%7.24%-4.17%-20.54%45.28%4.16%-27.56%0.86%-2.9%51.36%
EPS (Basic)
6.557.056.725.437.748.055.845.945.69-
Diluted Shares Outstanding
1.22B1.23B1.25B1.24B1.23B1.21B1.2B1.23B1.25B906.38M

BNS Balance Sheet

The Bank of Nova Scotia (BNS) balance sheet — assets, liabilities & shareholders' equity

MetricOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Cash & Short Term Investments
105.59B110.68B81.46B116.5B120.05B119.31B140.83B108.17B108.1B317.76B
Cash & Due from Banks
59.66B62.27B46.72B76.46B86.32B65.89B90.31B63.86B65.97B9.1B
Short Term Investments
45.92B48.41B34.74B40.04B33.73B53.41B50.51B44.3B42.13B0
Total Investments
200.94B217.6B236.38B263.39B249.73B269.6B281B321.04B1.01T1.45T
Investments Growth %
2.38%8.29%8.63%11.43%-5.19%7.96%4.23%14.25%214.42%237.4%
Long-Term Investments
155.02B169.19B201.63B223.35B216B216.19B230.49B276.73B967.27B4.67T
Accounts Receivables
3.85B4.68B5.09B4.84B4.36B5.42B7.13B7.47B7.72B0
Goodwill & Intangibles
12.11B17.72B17.46B17.02B16.6B16.83B17.19B16.85B16.17B15.96B
Goodwill
7.24B10.01B9.63B9.28B8.85B8.87B9.18B8.96B8.59B0
Intangible Assets
4.86B7.71B7.83B7.74B7.76B7.96B8.01B7.89B7.58B15.96B
PP&E (Net)
2.38B2.68B2.67B5.9B5.62B5.7B5.64B5.25B4.88B5.31B
Other Assets
-169.51B-1.94B-1.57B-2.19B-2.05B-1.9B1.15T991.94B345.4B35.11B
Total Current Assets
110.78B118.16B89.25B125.2B129.13B132.69B154.84B121.25B123.06B9.1B
Total Non-Current Assets
169.51B189.59B221.77B246.26B238.23B238.72B1.41T1.29T1.34T1.51T
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%
1.52T▲ 0%
Asset Growth %
2.12%9.09%8.78%4.63%4.26%13.89%4.55%0.09%3.4%14.46%
Return on Assets (ROA)
0.88%0.89%0.8%0.61%0.83%0.78%0.54%0.55%0.54%0.65%
Accounts Payable
8.84B9.4B9.2B8.31B8.92B12.56B16.98B16.77B17.85B0
Total Debt
10.6B13.89B19.49B7.41B245.66B310.86B313.81B300.67B504.02B530.16B
Net Debt
-49.06B-48.38B-27.23B-69.06B159.34B244.96B223.5B236.81B438.06B521.06B
Long-Term Debt
10.6B13.89B140.24B155.17B158.27B177.43B190.68B194.31B199.57B161.19B
Short-Term Debt
000083.98B130.11B119.93B103.38B301.49B368.97B
Other Liabilities
-10.6B-13.89B-140.24B-158.65B-161.68B-180.75B450.51B93.29B100.85B120.33B
Total Current Liabilities
102.48B102.76B122.72B65.61B92.9B142.67B649.64B722.1B1.07T247.75B
Total Non-Current Liabilities
102.48B102.76B20.79B8.48B162.83B142.67B644.4B291.97B304.8B281.51B
Total Liabilities
853.65B930.81B1.02T1.07T1.11T1.27T1.33T1.33T1.37T1.43T
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%
88.55B▲ 0%
Equity Growth %
6.58%9.83%3.71%0.44%3.39%2.55%5.24%6.88%5.37%13.62%
Equity / Assets (Capital Ratio)
6.73%6.78%6.46%6.2%6.15%5.54%5.58%5.95%6.07%5.82%
Return on Equity (ROE)
13.4%13.22%12.17%9.63%13.42%13.43%9.66%9.53%9.02%10.86%
Book Value per Share
50.3955.0756.1156.7259.5061.8865.3468.2471.1597.70
Tangible BV per Share
40.4940.6542.1543.0345.9547.9451.0654.5658.1780.09
Common Stock
15.64B18.23B18.26B18.24B18.51B18.71B20.11B22.05B22.07B22B
Additional Paid-in Capital
0000000000
Retained Earnings
38.12B41.41B44.44B46.34B51.35B53.76B55.75B57.75B58.92B59.86B
Accumulated OCI
1.69B1.4B935M-1.76B-5.11B-7.32B-7B-6.21B-4.06B-4.66B
Treasury Stock
0000000000
Preferred Stock
4.58B4.18B3.88B5.31B6.05B8.07B8.07B8.78B9.94B9.94B

BNS Cash Flow Statement

The Bank of Nova Scotia (BNS) cash flow — operating, investing & free cash flow history

MetricOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Cash from Operations
16.58B17.81B-12.03B56.66B-12.81B16.94B11.47B15.65B5.41B6.2B
Operating CF Growth %
304.59%7.4%-167.51%571.22%-122.6%232.29%-32.3%36.46%-65.45%72.81%
Net Income
8.24B8.72B8.8B6.85B9.96B10.17B7.53B7.76B7.76B9.55B
Depreciation & Amortization
761M848M1.05B1.55B1.51B1.53B1.82B1.76B1.6B808M
Deferred Taxes
2.03B2.38B2.47B1.54B2.87B2.76B2.23B2.03B2.75B1.49B
Other Non-Cash Items
872M93M-90M3B-967M-594M4.31B2.2B1.21B8.31B
Working Capital Changes
4.67B5.76B-24.27B43.72B-26.18B3.06B-4.83B1.89B-7.93B-14.03B
Cash from Investing
-12.54B-13.72B15.22B-56.46B14.7B-11.29B-30.04B-7.45B1.57B-50.7B
Purchase of Investments
-64.56B-91.9B-89.02B-147.63B-72.26B-97.74B-100.92B-108.28B-70.1B-69.73B
Sale/Maturity of Investments
66.18B84.34B86.96B119.03B103.77B63.13B94.88B76.79B75.45B52.72B
Net Investment Activity
1.62B-7.56B-2.06B-28.6B31.51B-34.61B-6.04B-31.49B5.36B-17.01B
Acquisitions
229M-3.86B20M3.94B-717M-549M895M0-2.64B-1.24B
Other Investing
-385M-1.89B17.45B-31.03B-15.63B24.43B-24.45B24.53B-807M-31.87B
Cash from Financing
-2.93B-2.87B-1.29B28.13B-2.78B-4.58B16.71B-8.84B-6.31B42.69B
Dividends Paid
-3.8B-4.17B-4.44B-4.56B-4.6B-5.12B-5.42B-5.67B-5.88B-5.95B
Share Repurchases
-1.58B-1.33B-1.38B-679M-1.26B-3.37B00-895M-2.02B
Stock Issued
313M2.13B255M59M2.27B137M1.4B1.95B210M266.18M
Net Stock Activity
-1.27B803M-1.12B-620M1.01B-3.24B1.4B1.95B-685M-1.76B
Debt Issuance (Net)
-1000K-1000K1000K-1000K-1000K1000K1000K-1000K-1000K-2M
Other Financing
29.59B41.07B63.5B33.45B1.91B-506M19.69B-3.26B-360M32.9B
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%
-1.71B▲ 0%
Exchange Rate Effect
-142M-44M2M-129M-543M301M190M-131M183M1.62B
Cash at Beginning
6.86B7.83B9B10.9B11.12B9.69B11.06B10.17B9.41B8.73B
Cash at End
7.83B9B10.9B11.12B9.69B11.06B10.17B9.41B10.26B9.1B
Interest Paid
0000000000
Income Taxes Paid
0000000000
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%
-384.25M▲ 0%
FCF Growth %
-31.19%573.96%-170.2%557.73%-123.74%223.39%91.07%-51.53%-66.63%-101.82%

BNS Banking Ratios

The Bank of Nova Scotia (BNS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
13.4%13.22%12.17%9.63%13.42%13.43%9.66%9.53%9.02%10.86%
Return on Assets (ROA)
0.88%0.89%0.8%0.61%0.83%0.78%0.54%0.55%0.54%0.65%
Net Interest Margin
1.64%1.62%1.58%1.52%1.43%1.34%1.3%1.36%1.47%1.46%
Efficiency Ratio
-29.23%-19.17%-64.08%-73.41%-59.58%-9.73%100%66.61%29.89%29.64%
Equity / Assets
6.73%6.78%6.46%6.2%6.15%5.54%5.58%5.95%6.07%5.82%
Book Value / Share
50.3955.0756.1156.7259.561.8865.3468.2471.1597.7
NII Growth
5.2%7.69%6.09%0.83%-2.07%6.8%0.95%5.28%11.79%9.66%
Dividend Payout
47.43%48.81%52.94%67.26%47.84%51.61%73.17%67%68.93%61.09%
Related:BNS Dividend History·BNS Revenue History·BNS Price History·BNS P/E History·BNS Financial Ratios·BNS Institutional Holders

BNS Frequently Asked Questions

The Bank of Nova Scotia (BNS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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 $9.55B in net income for fiscal year 2025 (10.6% net margin).

Dividend & Returns

Yes, The Bank of Nova Scotia (BNS) pays a dividend with a yield of 3.51%. 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.

Industry Metrics

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.

What if you invested $1,000 in BNS back in 1996?

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How much would $100/month in BNS be worth today?

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