Scotiabank expands buyback to 40 million shares for Bank of Nova Scotia stock

Published on 10/13/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The amended bid rose from 15 million to 40 million shares on October 6, 2026. Bank of Nova Scotia stock costs EUR 79.55 on October 13, 2026.

Key points in brief

Scotiabank expanded its normal course issuer bid from 15 million to 40 million common shares on October 6, 2026.
The third quarter of fiscal 2026 produced CAD 10.54 billion in revenue and adjusted return on equity of 14.20 percent.
Bank of Nova Scotia stock was trading at EUR 79.55 at Lang & Schwarz on October 13, 2026 at 11:02 a.m. CEST.
The next dividend payment is scheduled for October 28, 2026, while the next earnings date is December 2, 2026.

BNS, CA0641491075, Illustration mit AI erstellt.

Scotiabank expanded its normal course issuer bid from 15 million to 40 million common shares on October 6, 2026, after regulatory and exchange approval. Scotiabank said the larger authorization covers cancellations and can run until April 6, 2027.

Three dates define the reset

On August 25, 2026, the third quarter of fiscal 2026 delivered CAD 10.54 billion in revenue, up 11 percent from a year earlier, according to StockNextt.

On October 2, 2026, the bank announced that the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions had approved the increase from 15 million to 40 million shares, per Scotiabank.

On October 6, 2026, the amended bid became effective; the approved ceiling represented 3.25 percent of 1,231,433,660 shares outstanding as of March 24, 2026, the same release said.

What does the buyback change?

The authorization gives Scotiabank room to cancel up to 40 million common shares, although the release does not promise that the full amount will be purchased. As of August 31, 2026, the bank had already repurchased 13,044,315 shares under the existing bid.

For investors, the arithmetic is direct: cancellations can spread future earnings and dividends across fewer shares, while the cash committed to repurchases is capital that cannot be used simultaneously for balance-sheet growth. The bank's assets stood at CAD 1.5 trillion as of July 31, 2026, according to Scotiabank.

Quarterly figures add support

The fiscal third quarter also showed operating improvement. Adjusted diluted earnings per share reached CAD 2.28, compared with CAD 1.88 a year earlier, while adjusted return on equity reached 14.20 percent against 12.40 percent.

Reported diluted earnings per share were CAD 2.27, versus CAD 1.84 in the prior-year quarter, and reported net income rose to CAD 2.95 billion from CAD 2.53 billion, according to StockNextt. The figures matter because the buyback is arriving alongside higher profitability, rather than standing alone as a capital-return announcement.

Dividend and earnings dates

The next dividend payment is scheduled for October 28, 2026, at CAD 1.14 per share, while the next earnings date is listed as December 2, 2026, by Simply Wall St. Those dates give the market two concrete checkpoints for judging whether capital returns and earnings momentum are continuing.

Stock price and investor context

Bank of Nova Scotia stock was trading at EUR 79.55 at Lang & Schwarz on October 13, 2026 at 11:02 a.m. CEST. The reference price is an intraday euro indication; the Xetra closing comparison is omitted here.

The bank's market capitalization was USD 108.3 billion as of October 12, 2026. The combination of a larger repurchase authorization, CAD 2.28 adjusted diluted earnings per share and 14.20 percent adjusted return on equity leaves execution as the central test for the next reporting date.

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