Thx
EPS of $2.05 beat estimates of $1.95; revenue of $10.07B beat estimates of $9.7B. Scotiabank sees a faster path to 14% or better ROE, aiming for 2027, ahead of consensus. It is supported by gains in Canadian banking and share buybacks. The bank's 2026 goals, including double-digit EPS growth, mostly reflected in consensus, are likely achievable, with strong 1Q and expected 2026 improvements, mindful of trade risks and North America trade agreement review. The bank sees stability in international operations, and maintains strong cost control, improving productivity, despite tech investments. Capital markets momentum could hold, yet investors shouldn't rely on upside surprises. The bank's impaired provision could lean to the higher end of the range, from high-40 to mid-50 bps in 2026, as it was 58 bps in 1Q. The economy has to support declining ratios in 2H, which remains a risk. Things remain on track here at BNS.