Bank of Nova Scotia (BNS) Q3 FY25 earnings call

Scotiabank's 'value over volume' repositioning is inflecting from optimization toward growth: two years of client deselection and RWA discipline have lifted returns and funded buybacks, and management now frames FY26 as the pivot year for Canadian commercial and International Banking. Market-facing wealth and GBM engines carried the quarter while normalized credit and a strong capital position give room to lean into growth, though unresolved trade uncertainty tempers the near-term outlook.