$BNS

Scotiabank filed a Form 6-K on October 16, 2026, confirming the validity of US$2.3 billion in senior notes. The notes, maturing between 2029 and 2032, have fixed-to-floating and floating-rate structures. Legal opinions from Allen Overy Shearman Sterling US LLP and Osler, Hoskin & Harcourt LLP support the notes' validity. The filing is part of Scotiabank's broader capital markets program.

Scotiabank received FCA approval for a CAD100 billion covered bond prospectus supplement. The bonds are fully guaranteed, boosting investor confidence. The supplement is publicly available, enhancing transparency and funding flexibility for the bank.

TD Bank ranked 10th and RBC 3rd in Evident AI's 2026 global banking AI index. TD aims for $500M in AI-driven revenue and cost savings, while RBC targets $700M-$1B in enterprise value by 2027. Canadian banks lead in disclosing AI returns, but measuring direct financial impact remains challenging.

Scotiabank (TSX: BNS, NYSE: BNS) received approval to increase its share buyback program from 15 million to 40 million common shares, representing 3.25% of its outstanding shares. The bank has already repurchased 13.04 million shares since the program began. The amended bid will take effect on October 6, 2026, and continue until April 6, 2027, unless terminated earlier.

CIBC's chief market technician Sid Mokhtari released his top 10 stock picks for October, including Gibson Energy (GEI-T), Suncor (SU-T), Nutrien (NTR-T), Constellation Software (CSU-T), Shopify (SHOP-T), Finning International (FTT-T), Bank of Nova Scotia (BNS-T), and Northland Power (NPI-T). His portfolio has outperformed the S&P/TSX Composite Index over the past four years, with a 9.29% YTD return. The TSX declined 2.85% in September, with tech as the only positive sector.

Argus lowered its target price for Bank of Nova Scotia (BNS) to $102.00. The bank operates globally with over CAD 1.4 trillion in assets across four business segments. This update may impact investor expectations for BNS.

Scotiabank raised its offer to buy out minority shareholders of Scotia Group Jamaica (SGJ) to $75 per share, up from $61.50, valuing the deal at $63.6 billion. SGJ shares jumped 12% to $66 in midday trading. The improved offer follows strong quarterly results and is subject to shareholder and court approval. Scotiabank Caribbean Holdings owns 72.76% of SGJ.

BMO and CIBC joined RBC, TD, Scotiabank, and the Bank of Canada in Project Agorá, a blockchain initiative to improve cross-border payments. The project, proposed by the Bank for International Settlements, aims to leverage blockchain benefits while addressing concerns like money laundering and deposit flight. Eight central banks and 41 financial institutions are involved.

Scotia Global Asset Management is increasing ETF exposure to 51% of net assets by March 2027, cutting fees, and renaming its portfolios. Bank of Nova Scotia (TSX:BNS) aims to focus on scalable, cost-effective wealth products. Analysts project revenue of CA$48.6b and earnings of CA$12.3b by 2029, with a wide range of fair value estimates.

Canada's six largest banks are exploring tokenized deposits using blockchain, but this won't replace cash. The project, involving BMO, CIBC, National Bank, RBC, Scotiabank, and TD, aims to make payments faster and more efficient. Tokenized deposits are not a new currency but a digital representation of existing Canadian-dollar deposits. The first phase will examine transfers between financial institutions. The Bank of Canada assures that cash will remain accessible.