Scotiabank flags CAD 55 million tax hit for Bank of Nova Scotia stock

Published on 10/26/2026 at 11:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank expects a CAD 55 million adjusted earnings hit. Bank of Nova Scotia stock costs EUR 83.19 on October 26, 2026 in Germany.

Tax impact and earnings dates

Scotiabank said on October 21, 2026, that a Chile tax change could reduce fourth-quarter adjusted earnings by CAD 55 million.
Third-quarter 2026 revenue reached CAD 9.46 billion, up 12 percent from the prior-year quarter.
Bank of Nova Scotia stock traded at EUR 83.19 at 11:37 a.m. CEST at Lang & Schwarz on October 26, 2026.
Scotiabank is scheduled to release fourth-quarter results on December 2, 2026.

BNS, CA0641491075, Illustration mit AI erstellt.

Bank of Nova Scotia (ISIN CA0641491075) was trading at EUR 83.19 at Lang & Schwarz on October 26, 2026 at 11:37 a.m. CEST. On October 21, 2026, Scotiabank said a Chilean tax change could reduce fourth-quarter reported and adjusted earnings by CAD 55 million, while its KeyCorp stake was expected to contribute CAD 104 million, according to Seeking Alpha.

Tax charge meets a KeyCorp boost

The Chilean government approved a four-percentage-point reduction in the corporate tax rate over three years to 23 percent. Scotiabank said the change would trigger a one-time deferred tax asset write-down, reducing fourth-quarter earnings by CAD 55 million, while the KeyCorp contribution was expected to reach CAD 104 million after CAD 8 million of amortization.

The two effects point in opposite directions, but the tax charge is the more direct near-term item for earnings. The December results will show how the bank reports the one-off impact and the KeyCorp contribution together.

What does the earnings record show?

Scotiabank entered the latest event with strong quarterly momentum. Third-quarter 2026 revenue rose 12 percent year over year to CAD 9.46 billion, while net income reached CAD 2.78 billion, according to Simply Wall St. The same quarter produced earnings per share of CAD 2.27, up from CAD 1.84 a year earlier.

Three dated earnings steps

On February 24, 2026, adjusted earnings per share were reported at USD 1.47 for the first quarter; on August 25, 2026, third-quarter adjusted earnings per share reached USD 1.65; and on October 21, 2026, the bank identified a CAD 55 million fourth-quarter tax impact, according to Benzinga and Seeking Alpha.

December 2 is the next date

Scotiabank is scheduled to release its fourth-quarter 2026 results and hold an earnings call on December 2, 2026, according to Seeking Alpha.

Stock price and reporting setup

Bank of Nova Scotia is listed on the Toronto Stock Exchange under BNS, where the stock closed at CAD 130.00 on October 23, 2026. The bank operates Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets businesses.

Bank of Nova Scotia was trading at EUR 83.19 at Lang & Schwarz on October 26, 2026 at 11:37 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Bank of Nova Scotia stock.