Scotiabank lifts buyback to 40 million. Bank of Nova Scotia stock sits at USD 111.1 billion value

Published on 10/16/2026 at 10:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Buyback capacity rose from 15 million to 40 million shares on October 6, 2026. Bank of Nova Scotia stock trades at EUR 81.27 with USD 111.1 billion value.

Capital returns and quarterly results

Scotiabank expanded its buyback authorization from 15 million to 40 million shares on October 2, 2026.
Third-quarter 2026 revenue reached CA$9.46 billion and net income was CA$2.78 billion.
Bank of Nova Scotia stock trades at EUR 81.27 at 10:43 a.m. CEST at Lang & Schwarz on October 16, 2026.

BNS, CA0641491075, Illustration mit AI erstellt.

Bank of Nova Scotia (CA0641491075) was quoted at EUR 81.27 at Lang & Schwarz on October 16, 2026, at 10:43 a.m. CEST. The Globe and Mail reported that Scotiabank announced on October 2, 2026, it had secured approval to raise its normal course issuer bid from 15 million to 40 million common shares.

The expanded authorization became effective October 6, 2026, and covers about 3.25 percent of the 1.23 billion common shares outstanding as of March 24, 2026. For investors, the key issue is capital allocation: repurchased shares are cancelled, which can concentrate future earnings and dividends across fewer shares if the authorization is used.

Quarterly earnings set the baseline

Simply Wall St reported that third-quarter 2026 revenue reached CA$9.46 billion, up 12 percent from the year-earlier quarter, while net income rose 21 percent to CA$2.78 billion. Earnings per share increased to CA$2.27 from CA$1.84 in the third quarter of 2025.

The earnings profile gives the buyback a measurable operating backdrop. Revenue exceeded analyst estimates by 6.2 percent, while earnings per share surpassed estimates by 8.9 percent, according to the same October 2026 report. The combination of higher earnings and a larger repurchase capacity makes capital returns a central part of the bank's current equity story.

What are the next dates?

Scotiabank is scheduled to pay a quarterly dividend of CA$1.14 on October 28, 2026, to shareholders of record on October 6, 2026, according to MarketBeat. The next quarterly results date is December 2, 2026, according to Simply Wall St.

Three dated capital decisions

On August 25, 2026, Bank of Nova Scotia reported third-quarter earnings per share of CA$2.27 and revenue of CA$9.46 billion, according to Simply Wall St. On September 1, 2026, Ralph Hamers joined the board, as reported in the same company update. On October 2, 2026, the bank announced the increase in its buyback ceiling from 15 million to 40 million shares, according to The Globe and Mail.

Stock valuation stays measurable

The finance profile places Bank of Nova Scotia's market capitalization at USD 111.1 billion and its 52-week range at USD 63.68 to USD 95.74 as of October 15, 2026. Its primary listings are the Toronto Stock Exchange and the New York Stock Exchange, while the bank operates across Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.

Bank of Nova Scotia was trading at EUR 81.27 at Lang & Schwarz on October 16, 2026, at 10:43 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Bank of Nova Scotia stock.