Quarterly ResultMay 27, 2026, 07:02 AM
Scotiabank Q2 Net Income $2.63B, EPS $2.00; Dividend $1.14
AI Summary
Scotiabank reported strong second-quarter 2026 results, with net income increasing by 29.5% to $2,632 million and diluted EPS rising 35.1% to $2.00 compared to the prior year. The Bank also announced a 4% increase in its dividend to $1.14 per share. Performance was robust across key segments, including a 53% earnings growth in Canadian Banking and a 19% increase in Global Wealth Management, while the provision for credit losses decreased year-over-year.
Key Highlights
- Net income was $2,632 million, a 29.5% increase compared to Q2 2025.
- Diluted earnings per share (EPS) were $2.00, up 35.1% from $1.48 in Q2 2025.
- Adjusted net income reached $2,652 million, with adjusted diluted EPS at $2.02.
- The Bank declared a dividend of $1.14 per share, representing a 4% increase.
- Canadian Banking generated earnings of $935 million, a 53% increase year-over-year.
- Global Wealth Management earnings rose 19% year-over-year to $476 million.
- Provision for credit losses decreased by $181 million year-over-year to $1,217 million.
- Common Equity Tier 1 (CET1) capital ratio remained stable at 13.3%.
Price Impact
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