The Bank of Nova Scotia (0UKI) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, this conference is being recorded. Good morning, and welcome to Scotiabank's Q3 twenty twenty six Results Presentation. My name is Meny Grauman, and I'm Head of Investor Relations here at the bank. Presenting to you this morning are Scott Thompson, Scotiabank's President and Chief Executive Officer Raj Viswanathan, our Chief Financial Officer and Shannon McGinniss, our Chief Risk Officer. Following our comments, we'll be glad to take your questions. Also present to take questions are the following Scotiabank executives: Eris Bogdanaris from Canadian Banking Jackie Alard from Global Wealth Management Francisco Aristagueta from International Banking and Travis Machin from Global Banking and Markets. Before we start and on behalf of those speaking today, I will refer you to Slide two of our presentation, which contains Scotiabank's caution regarding forward looking statements. With that, I will now turn the call over to Scott. Thank you, Manny, and good morning, everyone. Q3 was a record quarter for the bank as we reported strong earnings across all business lines and exceeded all of our medium term objectives. We are particularly proud of the fact that we demonstrated our ability to hit our 14% plus return on equity target sooner than we had projected. This achievement was aided by strong markets, but is also the product of strategic repositioning and improved capital allocation that have led to sustainable improvements across the bank. It continues to be driven by our Canadian Banking segment, whose return on equity improved 160 basis points sequentially and hit 19.4% this quarter. We expect to continue to improve the return on equity and close the gap with peers through a steady improvement in our business mix, fee income growth and ongoing prod...