1001 ET - Bank of Nova Scotia logged a strong quarter, driven by momentum in Canadian banking where underlying earning jumped 53% on-year thanks mainly to a lower provision for credit losses, Raymond James' Stephen Boland says. He does note this was partially offset by modest credit deterioration, with the all-bank impaired PCL ratio widening 3 basis points on-quarter and 4 points on-year. Overall adjusted EPS of C$2.02 was slightly above the C$2.01 the analyst forecast, while a net interest margin of 2.49% excluding trading activity beat the 2.45% Boland expected thanks to higher margins across Canadian and international banking. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
May 27, 2026 10:01 ET (14:01 GMT)
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