UBS Raises Scotiabank Price Target After Earnings Beat and Strong Credit Outlook.

UBS raised its price target for Scotiabank (BNS) to C$94 from C$88 following Q3 earnings beat. The bank's lower provision expenses and pre-tax pre-provision strength across divisions fueled earnings growth. UBS also raised its 2025 EPS forecast to $7 from $6.85 and its 2026 estimate to $7.90 from $7.75. The firm raised Scotiabank's revenue outlook due to modest gains in net interest income and noninterest income.