Scotiabank expands buyback: Bank of Nova Scotia stock sits 5.27 percent below CAD 137.00 target

Published on 10/21/2026 at 11:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter adjusted EPS reached CAD 2.28 versus CAD 1.93 a year earlier. Bank of Nova Scotia stock costs EUR 82.27 on October 21, 2026.

Buyback expands on October 2

Scotiabank increased its repurchase ceiling to 40 million shares on October 2, 2026.
Adjusted earnings per share reached CAD 2.28 in the third quarter ended July 31, 2026, versus CAD 1.93 a year earlier.
Bank of Nova Scotia stock trades at EUR 82.27 at 11:32 a.m. CEST at Lang & Schwarz on October 21, 2026.
The next dividend payment is scheduled for October 28, 2026.

BNS, CA0641491075, Illustration mit AI erstellt.

Bank of Nova Scotia stock (ISIN CA0641491075) was trading at EUR 82.27 at Lang & Schwarz on October 21, 2026, at 11:32 a.m. CEST. The bank had expanded its normal course issuer bid to 40 million common shares on October 2, 2026, according to Scotiabank.

What does the buyback change?

The amended authorization raises the cancellation limit from 15 million to 40 million shares. The new ceiling represents 3.25 percent of the 1,231,433,660 common shares outstanding on March 24, 2026, and became effective October 6, 2026.

Scotiabank had already repurchased 13,044,315 common shares by August 31, 2026. Purchases can continue through the TSX, the New York Stock Exchange and other permitted Canadian trading systems, while acquired shares are cancelled.

Three dated steps for investors

On August 25, 2026, the bank reported third-quarter adjusted earnings per share of CAD 2.28, versus CAD 1.93 a year earlier, and revenue of CAD 10.54 billion, according to MarketBeat. On October 2, 2026, Scotiabank announced the higher buyback ceiling. On October 6, 2026, the amended authorization became effective.

What dates matter next?

The next dated shareholder event is the CAD 1.14 dividend payment scheduled for October 28, 2026, for shareholders of record on October 6, 2026, according to MarketBeat.

Valuation remains part of the debate

A Globe and Mail market update cited a CAD 137.00 analyst price target and a Hold rating for the stock. Against the CAD 129.78 Canadian share price cited in that update, the target stood 5.57 percent above the price, while the larger buyback authorization adds a separate capital-allocation factor.

Stock price in euros

The Bank of Nova Scotia reference price was EUR 82.27 at Lang & Schwarz on October 21, 2026, at 11:32 a.m. CEST. The Canadian primary listing is on the TSX, where the bank trades under BNS.

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