Bank of Nova Scotia
Financial Services · USD
Price
$97.74
Cap
$120.2B
Earnings
2/2 beat
30d Trend
+0%
Upper half of range — momentum is positive
Target range: $97.76 – $119.71 (consensus: $107.74)
Consensus: Hold
Earnings history
Q1 2026
BEAT
2.05 vs 1.9649
Q4 2025
BEAT
1.65 vs
Key macro factors
Trade Policy Uncertainty and Tariffs: The Canadian economy and its major banks, including Scotiabank, are facing an unfavourable operating environment in fiscal 2026 due to ongoing trade policy uncertainty and the impact of sectoral tariffs.
Credit Quality and Provisions for Credit Losses (PCLs): There is an expectation of further credit deterioration for large Canadian banks in fiscal 2026, with provisions for credit losses (PCLs) potentially peaking in the second half of the fiscal year.
Interest Rates and Canadian Economic Growth: The Bank of Canada is expected to hold interest rates steady in 2026, while consumer spending is projected to be the primary driver of Canadian economic growth, albeit at a slower pace due to trade tensions. Inflation is anticipated to hover around the 2% target.
The Bank of Nova Scotia, commonly known as Scotiabank, is a major Canadian financial services corporation with a significant international presence, offering a comprehensive range of personal, commercial, corporate, and investment banking services. As of the end of fiscal 2025, the bank had over CAD 1.46 trillion in assets.
QUANT SCORE
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