Bank of Nova Scotia (BNS) Reports Higher Q2 Earnings on Strong Domestic Banking

TORONTO (AP) — Bank of Nova Scotia (BNS) on May 27, 2026, reported a rise in net income for its fiscal second quarter ended April 30, driven by robust performance in its Canadian banking division and lower provisions for credit losses. The lender posted adjusted earnings of C$1.98 per share, surpassing analyst consensus estimates of C$1.85, according to data compiled by Bloomberg. Net income climbed to C$2.41 billion, up 6% from C$2.27 billion a year earlier. Total revenue increased 4% to C$8.22 billion, bolstered by wider net interest margins in the domestic market. The provision for credit losses fell to C$520 million from C$585 million in the prior-year period, reflecting improved economic conditions in Canada. The bank’s international banking segment, which includes operations across Latin America, also contributed to the bottom-line growth with a 3% increase in adjusted earnings.