Scotiabank Logs Solid F1Q, Brings Forward ROE Target -- Market Talk

Dow Jones02-24

0912 ET - Overall F1Q was a strong period for Bank of Nova Scotia, which is pushing up its 14% return on equity target by one year to fiscal 2027, Stephen Boland of Raymond James says. Adjusted EPS at C$2.05 beat the C$1.93 Boland forecast, and C$1.95 consensus view. The solid outperformance was supported by growth across all business segments, higher net interest margins, and positive operating leverage, Boland says. He notes fee-based businesses, particularly wealth management and global banking and markets, delivered the strongest momentum. Raymond James has an outperform call on Scotiabank's shares. (robb.stewart@wsj.com)

(END) Dow Jones Newswires

February 24, 2026 09:12 ET (14:12 GMT)

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