Stock news for investors: Fourth-quarter earnings roll in from Canada’s big banks
The Bank of Nova ScotiaThe Bank of Nova Scotia(US:BNS) MoneySense·2025-12-04 16:51

Scotiabank Performance Summary - Revenue for the latest quarter reached $9.80 billion, an increase from $8.53 billion in the same quarter last year [1] - The provision for credit losses was $1.11 billion, up from $1.03 billion a year ago [1] - Adjusted earnings per diluted share were $1.93, compared to $1.57 in the same quarter last year, exceeding analyst expectations of $1.84 [1] Business Segment Performance - Global wealth management reported net income of $447 million, up from $380 million year-over-year [2] - Global banking and markets earned $519 million, an increase from $347 million a year ago [2] - Canadian banking operations earned $941 million, slightly up from $934 million in the same quarter last year [3] - International banking arm's net income was $634 million, up from $600 million year-over-year [3] National Bank Performance Summary - National Bank reported a fourth-quarter profit of $1.06 billion, up from $955 million a year ago [5][9] - Revenue for the quarter was $3.70 billion, an increase from $2.94 billion in the same quarter last year [7] - Adjusted earnings per diluted share were $2.82, compared to $2.58 in the same quarter last year, surpassing analyst expectations of $2.62 [7] National Bank Business Segment Performance - Personal and commercial banking group earned $319 million, down from $327 million year-over-year [10] - Wealth management business earned $258 million, up from $219 million [10] - Capital markets arm reported earnings of $432 million, an increase from $306 million [10] - U.S. specialty finance and international operations earned $174 million, up from $157 million year-over-year [10] Royal Bank of Canada Performance Summary - Royal Bank of Canada reported a profit of $5.43 billion for the quarter, up from $4.22 billion a year ago [13][14] - Revenue for the quarter was $17.21 billion, an increase from $15.07 billion [14] - The bank increased its quarterly dividend to $1.64 per share, up from $1.54 [13]