Scotiabank rises after Q4 profit beats estimates

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)