Scotiabank expands buyback to 40 million shares. Scotiabank stock gains 1.56 percent

Published on 10/09/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Buyback rose from 15 million to 40 million shares after approval on October 6, 2026. Scotiabank stock costs EUR 78.34 on October 9, 2026 after EUR 77.14.

Key points in brief

Scotiabank expanded its normal course issuer bid from 15 million to 40 million shares effective October 6, 2026.
The bank had repurchased 13,044,315 shares as of August 31, 2026.
Scotiabank stock was at EUR 78.34 at Lang & Schwarz on October 9, 2026, up 1.56 percent from EUR 77.14.

BNS, CA0641491075, Illustration mit AI erstellt.

Scotiabank (ISIN CA0641491075) had expanded its normal course issuer bid from 15 million to 40 million shares effective October 6, 2026, according to Newswire.ca on October 2, 2026. The stock was trading at EUR 78.34 at Lang & Schwarz on October 9, 2026, up 1.56 percent versus the prior close of EUR 77.14.

Three buyback milestones

On April 7, 2026, Scotiabank established an automatic repurchase plan under its normal course issuer bid, according to the company release carried by Newswire.ca. On August 25, 2026, Scotiabank reported third-quarter revenue of CAD 10.54 billion, reported net income of CAD 2.95 billion and reported diluted earnings per share of CAD 2.27 for the quarter ended July 31, 2026, as reported by Stocknext.

On September 14, 2026, Scotiabank outlined its banking strategy at the Barclays 24th Annual Global Financial Services Conference. Investing.com reported that digital sales reached 40 percent of total sales in the third quarter of 2026, while digital revenue penetration stood at 18 percent against a 30 percent target. The October 2 buyback announcement is the latest of the three milestones.

What does the buyback change?

The revised authorization allows Scotiabank to purchase up to 40 million common shares for cancellation, compared with the previous 15 million limit. That is a 166.67 percent increase in the authorized maximum, calculated from the two figures in the release.

As of August 31, 2026, the bank had already purchased 13,044,315 common shares under the existing bid, according to StockTitan. The daily purchase limit is 1,114,002 shares, based on an average daily trading volume of 4,456,008 shares during the six months before the bid began.

The latest operating figures give the authorization a measurable earnings backdrop: reported diluted earnings per share increased from CAD 1.84 in the third quarter of 2025 to CAD 2.27 in the third quarter of 2026, while reported net income rose from CAD 2.53 billion to CAD 2.95 billion, according to Stocknext. The figures show the comparison investors can use when assessing the larger repurchase capacity.

Key dates for Scotiabank

MarketBeat reported that Scotiabank's CAD 1.14 quarterly dividend is scheduled for payment on October 28, 2026. A TradingView earnings calendar lists December 2, 2026 as the next reporting date for the bank, with the next report covering the fourth quarter of 2026.

Stock trades higher in Europe

Scotiabank stock was trading at EUR 78.34 at Lang & Schwarz on October 9, 2026 at 4:34 p.m. CEST, up 1.56 percent versus the Lang & Schwarz prior close of EUR 77.14 on October 8, 2026. On the Toronto Stock Exchange, the finance data quote showed CAD 125.30 at 2:38 p.m. EDT on October 9, 2026, while the 52-week range was CAD 88.50 to CAD 134.50 and market capitalization was CAD 152.8 billion.

The further course of trading is shown by the continuously updated real-time quote of Scotiabank stock.