Bank of Nova Scotia Reports Strong Q3 Performance with Adjusted ROE Reaching 14%
The Bank of Nova Scotia reported third-quarter adjusted net income of C$2.97 billion and an adjusted return on equity (ROE) of 14.2%, surpassing its medium-term target of over 14%. The performance was driven by strong results across multiple segments, including a 37% increase in Global Banking and Markets earnings to record levels due to robust capital markets activity. Canadian Banking saw a 12% rise in earnings supported by higher revenue and margin expansion. Global Wealth Management also contributed with a 23% earnings boost from increased fees and brokerage income. Despite these gains, concerns remain about the sustainability of performance tied heavily to market conditions affecting underwriting and advisory activities. The bank returned C$6.3 billion to shareholders through dividends and buybacks in the first nine months of fiscal 2026 while maintaining a Common Equity Tier 1 (CET1) ratio above regulatory requirements.
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