TORONTO — The Bank of Nova Scotia reported a third-quarter profit of $2.95 billion, up from $2.53 billion a year ago.

The bank says the profit amounted to $2.27 per diluted share for the quarter ended July 31, up $1.84 per diluted share in the same quarter last year.

On an adjusted basis, Scotiabank says it earned $2.28 per diluted share in its latest quarter, up from an adjusted profit of $1.88 per diluted share a year earlier.

Revenue for the quarter totalled $10.54 billion in its third quarter, up from $9.49 billion in the same quarter last year.

Scotiabank’s provision for credit losses for the quarter amounted to $1.08 billion, up from $1.04 billion a year ago.

Analysts on average had expected an adjusted profit of $2.10 per share and $9.99 billion in revenue, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Aug. 25, 2026.

Companies in this story: (TSX:BNS)

The Canadian Press