Bank of Nova Scotia stock falls 1.63 percent after strong Q3 gains

Bank of Nova Scotia stock (ISIN CA0641491075) stood at CAD 130.08 on the Toronto Stock Exchange on September 23, 2026, down 1.63 percent from the previous session. The move came after a year in which the stock gained 46.01 percent, leaving market capitalization at CAD 163.72 billion.

Third quarter profit climbs

The latest operating figures provide a clear counterweight to the daily decline. According to Reuters on August 25, 2026, the bank reported net income of CAD 2.95 billion for the three months ended July 31, compared with CAD 2.53 billion in the year-ago period. That is an increase of CAD 0.42 billion, or 16.6 percent.

Net interest income also rose to CAD 5.87 billion from CAD 5.49 billion, according to the same Reuters report. The comparison matters because interest income remains a direct link between lending activity, deposit costs and the bank's earnings power.

EPS beats the estimate

Reported diluted EPS reached CAD 2.27, versus CAD 1.84 a year earlier. Adjusted EPS was CAD 2.28, exceeding the CAD 2.10 analyst estimate cited by Reuters on August 25, 2026, by CAD 0.18, or 8.6 percent.

The earnings mix also points to a business contribution beyond traditional lending. Reuters reported that net income attributable to the Global Banking and Markets unit rose to CAD 647 million from CAD 473 million, supported by capital markets revenue and record underwriting and advisory fees.

Stock remains below its yearly high

The September 23, 2026 price of CAD 130.08 provides the immediate market reference, while the CAD 163.72 billion market capitalization reflects the scale investors are assigning to the bank. The contrast between a 1.63 percent daily decline and a 46.01 percent annual gain puts the latest move into a wider performance context.

More news and analyses on Bank of Nova Scotia stock