Stock market news for investors: Big gains for Canada’s banks in the primary quarter

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Scotiabank reported first-quarter profit of $2.3 billion, up from $993 million a 12 months earlier

Bank of Nova Scotia reported first-quarter net income of $2.30 billion, up from $993 million a 12 months earlier. According to the bank, profit for the quarter ended Jan. 31 was $1.73 per diluted share, up from 66 cents per diluted share in the identical period last 12 months.

Revenue was $9.65 billion, up from $9.37 billion.

Scotiabank says its provisions for loan losses were $1.18 billion within the quarter, up from $1.16 billion a 12 months ago.

On an adjusted basis, Scotiabank said it earned $2.05 per diluted share in probably the most recent quarter, up from $1.76 a 12 months earlier.

According to LSEG Data & Analytics, the common analyst estimate was for adjusted earnings of $1.95 per share.

EQB reports lower first-quarter adjusted net income of $85.2 million and increases dividend

EQB Inc. reported first-quarter adjusted net income of $85.2 million, down from $116.2 million in the identical period last 12 months. On a per-share basis, adjusted earnings were $2.26, down from $2.98 a 12 months ago.

The owner of EQ Bank says its adjusted net interest income was $263.4 million, in comparison with $270.6 million within the year-ago quarter.

EQB said adjusted revenue was $306.8 million within the period, down from $322.6 million a 12 months earlier.

EQB CEO Chadwick Westlake says the corporate is desperate to complete its acquisition of PC Financial, announced last December, and to partner with Loblaw Companies.

EQB also increased its dividend by 16% year-over-year, now standing at 59 cents per common share.

National Bank reported first-quarter profit of $1.25 billion, up from $997 million a 12 months ago

National Bank of Canada reported a first-quarter profit of $1.25 billion, up from $997 million a 12 months earlier, helped by its acquisition of Canadian Western Bank. According to the bank, profit for the quarter ended Jan. 31 was $3.08 per diluted share, up from $2.78 in the primary quarter of 2025.

Revenue was $3.89 billion, up from $3.18 billion a 12 months earlier.

National Bank’s provisions for loan losses were $244 million within the quarter, down from $254 million a 12 months ago.

On an adjusted basis, National Bank said it earned $3.25 per diluted share in its most up-to-date quarter, in comparison with adjusted earnings of $2.93 a 12 months ago.

Analysts on average had expected adjusted earnings of $2.99 ​​per share, in accordance with LSEG Data & Analytics.

BMO Financial Group reported a first-quarter profit of $2.49 billion, up from $2.14 billion a 12 months ago

BMO Financial Group reported first-quarter profit of $2.49 billion, up from $2.14 billion a 12 months earlier. The bank said its profit for the quarter ended Jan. 31 was $3.39 per diluted share, up from $2.83 per diluted share within the year-ago quarter.

Quarterly revenue was $9.82 billion, up from $9.27 billion a 12 months ago.

The bank’s provisions for loan losses were $746 million within the quarter, down from $1.01 billion.

On an adjusted basis, BMO said it earned $3.48 per diluted share in its most up-to-date quarter, in comparison with adjusted earnings of $3.04 per diluted share a 12 months ago.

Analysts on average had expected adjusted earnings of $3.20 per share for the quarter, in accordance with LSEG Data & Analytics.

RBC reported first-quarter profit of $5.79 billion, up from $5.13 billion a 12 months ago

Royal Bank of Canada reported first-quarter profit of $5.79 billion, up from $5.13 billion a 12 months earlier. According to the bank, profit for the quarter ended Jan. 31 was $4.03 per diluted share, up from $3.54 per diluted share a 12 months earlier.

Revenue was $17.96 billion, up $16.74 billion.

RBC’s provisions for credit losses were $1.09 billion within the quarter, up from $1.05 billion a 12 months earlier.

On an adjusted basis, the bank said it earned $4.08 per diluted share in probably the most recent quarter, in comparison with adjusted earnings of $3.62 per diluted share a 12 months ago.

According to LSEG Data & Analytics, the common analyst estimate was for adjusted earnings of $3.85 per share.

TD reported a first-quarter profit of $4.04 billion, up from $2.79 billion a 12 months ago

TD Bank Group reported first-quarter profit of $4.04 billion, up from $2.79 billion a 12 months earlier. According to the bank, profit for the quarter ended Jan. 31 was $2.34 per diluted share, up from $1.55 per diluted share a 12 months earlier.

Revenue was $16.59 billion, up $14.05 billion.

TD’s provisions for credit losses were $1.04 billion, down from $1.21 billion a 12 months ago.

On an adjusted basis, TD said it earned $2.44 per diluted share in its most up-to-date quarter, up from $2.02 per diluted share a 12 months ago.

According to LSEG Data & Analytics, the common analyst estimate was for earnings of $2.26 per share.

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