0931 ET - Bank of Nova Scotia racked up a solid quarter with strength in its capital markets operations, says Raymond James' Stephen Boland. Fourth-quarter adjusted EPS of C$1.93 was slightly above the C$1.85 he expected, thanks to strong results in wealth management and global banking and markets. Net interest and non-interest income were both ahead of Boland's forecast, while the C$1.11 billion in credit-loss provisions was modestly above the C$1.08 billion estimate. The analyst notes Scotiabank is targeting strong earnings growth in FY2026, driven by higher net interest income with loan and deposit growth and net interest margin expansion. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
December 02, 2025 09:31 ET (14:31 GMT)
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