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May 27, 2026 12:00 PM

Canada's Bank Of Nova Scotia Raises Dividend After Strong Quarter

Bank of Nova Scotia (NYSE:BNS) reported second-quarter fiscal 2026 results on Wednesday, with earnings and revenue topping analyst expectations.

In U.S. dollar terms, the bank posted adjusted earnings of $1.47 per share, slightly ahead of the $1.46 consensus estimate. Revenue came in at $7.17 billion, exceeding analyst expectations of $6.77 billion.

Earnings Rise Across Key Segments

In Canadian dollar terms, adjusted net income rose to $2.65 billion from $2.07 billion a year ago quarter.

Adjusted diluted earnings per share rose to 2.02 Canadian dollars from 1.52 Canadian dollars a year earlier.

The bank's Canadian Banking division reported earnings of 935 million Canadian dollars, up 53% from the prior-year quarter, supported by strong pre-provision earnings growth, lower provisions for credit losses, and ...