Bank of Nova Scotia (NYSE:BNS) reported stronger second-quarter fiscal 2026 results, with management pointing to revenue growth, expense discipline and rising returns across several business lines while also acknowledging a more uncertain credit backdrop.
President and Chief Executive Officer Scott Thomson said adjusted earnings were CAD 2.7 billion, or CAD 2.02 per share. Pre-tax, pre-provision earnings rose 16% year-over-year, while return on equity was 13.2%. Thomson said the bank remains on track to reach a return on equity above 14% in fiscal 2027, one year ahead of its investor day target.
