Bank of Nova Scotia stock fell 0.92 percent on October 5, 2026 — buyback expands
Published on 10/06/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Bank of Nova Scotia stock (ISIN CA0641491075) closed at CAD 128.74 on the Toronto Stock Exchange on October 5, 2026, down 0.92 percent. The bank's fresh capital-return decision is the key new development: StockTitan reported that Scotiabank's amended buyback took effect on October 6, 2026.
Buyback ceiling rises to 40 million
The amended normal course issuer bid raises the maximum number of common shares available for cancellation from 15 million to 40 million. The new limit equals 3.25 percent of the 1,231,433,660 shares outstanding on March 24, 2026, according to StockTitan.
Scotiabank had already repurchased 13,044,315 common shares by August 31, 2026. The program can continue until the authorized amount is reached, the bank ends it, or April 6, 2027, with purchased shares cancelled.
Record earnings strengthen the case
The buyback arrives after a strong third quarter. The Globe and Mail reported that adjusted diluted EPS rose 21 percent year over year to CAD 2.28 in fiscal third quarter 2026. Adjusted return on equity reached 14.2 percent, up 170 basis points year over year and above management's 14 percent medium-term target.
The earnings comparison gives the repurchase plan a clearer operating backdrop: per-share earnings improved while the bank also increased the potential reduction in its share count. That combination can support future per-share results, although the actual benefit depends on the number and price of shares ultimately purchased.
Analysts remain broadly constructive
MarketBeat reported a Moderate Buy consensus from seven analysts, consisting of one Strong Buy, four Buy ratings and two Hold ratings. The consensus price target for the NYSE listing was USD 117.00.
The market snapshot is more cautious than the earnings figures. BNS finished October 5 at CAD 128.74, while the same TSX quote showed a 52-week range of CAD 88.22 to CAD 134.50 and volume of 4.62 million shares.
Dividend date adds a near-term checkpoint
Scotiabank's next shareholder cash event is the CAD 1.14 dividend payment scheduled for October 28, 2026, following the October 6 ex-dividend date, as reported by MarketBeat.
For investors, the central question is whether stronger earnings and a larger buyback can offset the valuation and credit-cycle risks that accompany a large bank. The next reported figures will show how much of the third-quarter improvement carries into the following period.
Bank of Nova Scotia stock stays near yearly high
Bank of Nova Scotia stock closed at CAD 128.74 on the TSX on October 5, 2026. The level was CAD 5.76 below the 52-week high of CAD 134.50, leaving the shares within 4.3 percent of that peak.
Bank of Nova Scotia stock facts
- Company: The Bank of Nova Scotia
- ISIN: CA0641491075
- Ticker: BNS
- Trading venue: Toronto Stock Exchange
- Price (as of October 5, 2026): Closing price CAD 128.74
- 52-week range: CAD 88.22-CAD 134.50
- Sector / Industry: Financial Services / Banks - Diversified
Upcoming dates for Bank of Nova Scotia stock
- October 28, 2026: CAD 1.14 dividend payment
