The Bank of Nova Scotia BNS.TO TSX

The Bank of Nova Scotia (BNS.TO) generated $-9.06B in operating cash flow for quarter ending 2026-01-31. After capital expenditures of $231M, free cash flow was $-9.29B.

Free cash flow margin was -54% of revenue. Cash conversion ratio was -3.96x, suggesting some earnings are non-cash.

The company returned $1.49B in dividends and $485M in share buybacks to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (66/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (55/100) — Cash conversion ratio was -3.96x suggests some earnings are non-cash items

Overall SharesGrow Score: 56/100 with 2/7 criteria passed.