Scotiabank rises after Q4 profit beats estimates

Bank of Nova Scotia

02/12/2025 18:19

** Shares of Canadian lender Bank of Nova Scotia BNS.TO up 2.5% at C$98.47

** Scotiabank posts Q4 profit above analysts' estimates on capital markets boost and strong performance in its wealth business

** BNS reported adj. EPS of C$1.93 vs estimates of C$1.84 - data compiled by LSEG

** Bank took a C$373 million ($266.73 million) restructuring charge in the quarter due to layoffs at its Canadian banking business and at its Asian operations in Global Banking and Markets

** BNS said it is cautiously optimistic going into 2026, betting on Canada's ambitious energy projects despite global macroeconomic uncertainties

** Five of 15 analysts covering the stock rate it "buy" or "strong buy", 8 "hold" and 2 "sell" or "strong sell; median PT at C$96.50- LSEG data

** As of last close, BNS up 24.4% YTD

($1 = 1.3984 Canadian dollars)

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))