Bank of Nova Scotia: Fiscal Q3 Earnings Snapshot
Both lenders beat estimates as capital markets and domestic banking offset higher expenses and trade uncertainty.
- On Tuesday, Bank of Montreal and Bank of Nova Scotia reported fiscal third-quarter earnings that beat analyst expectations, driven by strength in their capital markets and domestic banking segments despite escalating Canada-U.S. trade tensions.
- Escalating trade tensions between Canada and the U.S. created economic uncertainty, yet the banks remained resilient as they managed credit losses and loan defaults during macroeconomic volatility fueled by Middle East conflict.
- Bank of Montreal CEO Darryl White reported adjusted earnings of C$3.96 per share, beating the C$3.76 estimate, with revenue of C$9.9 billion exceeding forecasts by C$110 million.
- Scotiabank Chief Executive Officer Scott Thomson cited a "record quarter" as the bank posted adjusted earnings of C$2.28 per share, with net income reaching C$2.95 billion, surpassing the C$2.10 estimate.
- Expanding California retail operations, BMO plans to add about 150 branches over five years as both lenders reallocate capital to priority markets and pursue long-term shareholder value amid shifting economic conditions.
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The Bank of Nova Scotia (BNS:CA) Q3 2026 Earnings Call Transcript
Operator Ladies and gentlemen, this conference is being recorded. Meny GraumanHead of Investor Relations Good morning, and welcome to Scotiabank’s Q3 ’26 Results Presentation. My name is Meny Grauman, and I’m Head of Investor Relations here at the bank. Presenting to you this morning are Scott Thomson, Scotiabank’s President and Chief Executive Officer; Raj Viswanathan, our Chief Financial Officer; and Shannon McGinnis, our Chief Risk Officer. …
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The Toronto Star
New U.S. tariffs and trade tensions are ‘manageable,’ says Scotiabank CEO
TORONTO - As Canadian businesses grapple with the latest flare up in U.S. trade tensions, executives at Scotiabank still see the trade situation as "manageable" for the domestic economy
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