Scotiabank announces third-quarter results | Canadian Mortgage Professional
Total revenue rose 11% year-over-year to $10.53 billion, while expenses increased 9% to $5.56 billion on higher staffing, technology costs, and foreign exchange headwinds.
Provisions for credit losses came in at $1.08 billion, slightly above the $1.04 billion set aside in Q3 2025, but well below the $1.22 billion reserved in the preceding quarter.
Record results across capital markets and wealth management
Global Banking and Markets delivered record earnings of $647 million for the quarter, up 37% year-over-year, on strong capital markets revenue and record underwriting and advisory fees.
Global Wealth Management also posted a record, with earnings of $518 million, up 23% from a year ago. Assets under management climbed 16% to $474 billion.
International Banking contributed $766 million, an 8% increase.
