Canadian banks cite AI push and stronger equity returns at summit
Scotiabank executives outlined a modernization and efficiency push driven by organic growth and technology, aiming to lift ROE across Canadian and U.S. franchises while maintaining strong capital and risk discipline. They cited solid CET1 buffers, rising ROE across units, expanded U.S. presence and wealth growth plans, and AI-enabled initiatives and selective tuck-in acquisitions to support a higher earnings trajectory.
Finance · 15 sources · Sep 9, 2026Read it
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About Scotiabank
The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third-largest Canadian bank by assets and deposits. In 2023, the company's seat in Forbes Global 2000 was 88. Scotiabank serves over 25 million customers globally, offering personal and commercial banking, wealth management, corporate and investment services. With 88,000 employees and assets of approximately $1.5 trillion as of January 31, 2026, Scotiabank trades on the Toronto and New York stock exchanges under the symbol BNS. Scotiabank's institution number is 002, and the SWIFT code is NOSCCATT.
Everything about Scotiabank →- Country
- Canada
- Headquarters
- Scotia Plaza, Toronto
- Inception
- March 30, 1832, August 14, 1997
- Website
- https://www.scotiabank.com/, https://www.scotiabank.com.mx/, https://www.scotiabank.com.pe/, https://www.scotiabank.ca