Side by sideRBC (RY.TO) and Scotiabank (BNS.TO)Memos of October 22, 2026 and October 21, 2026
RBC vs Scotiabank stock: the numbers side by side (October 2026)
How do RBC and Scotiabank compare?
| RBC RY.TO | Scotiabank BNS.TO | |
|---|---|---|
| Revenue growth | 16.1%Oct 2025 | 12.1%Oct 2025 |
| Net interest margin | 1.6%Oct 2025 | 2.3%Oct 2025 |
| Efficiency ratio (lower is leaner) | 54.9%Oct 2025 | 59.7%Oct 2025 |
| Return on equity | 16.3%Oct 2025 | 9.7%Oct 2025 |
| CET1 capital ratio | 13.5%Oct 2025 | 13.2%Oct 2025 |
| Dividend yield | 2.5%Today (Oct 22, 2026) | 3.5%Today (Oct 21, 2026) |
| P/E, last 12 months | 17.9xToday (Oct 22, 2026) | 17.0xToday (Oct 21, 2026) |
| P/E, next 12 months | 17.3xToday (Oct 22, 2026) | 15.2xToday (Oct 21, 2026) |
| Weighted price forecast, about 1 year | 274.86 (-1 %)October 2027 | 124.85 (-0 %)October 2027 |
| Weighted price forecast, about 3 years | 278.46 (+6 %)October 2029 | 127.55 (+9 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | RBC | The higher figure |
| Net interest margin | Scotiabank | The higher figure |
| Efficiency ratio (lower is leaner) | RBC | The lower figure |
| Return on equity | RBC | The higher figure |
| CET1 capital ratio | RBC | The higher figure |
| Dividend yield | Scotiabank | The higher figure |
| P/E, last 12 months | Scotiabank | The lower figure |
| P/E, next 12 months | Scotiabank | The lower figure |
| Weighted price forecast, about 1 year | Scotiabank | The higher weighted return |
| Weighted price forecast, about 3 years | Scotiabank | The higher weighted return |
What does each company do?
Royal Bank of Canada (RBC) is a diversified financial-services group serving households, businesses and institutions across Canada, the United States and international markets.
RBC (RY.TO), from our memo of October 22, 2026 · RBC stock forecast
Scotiabank is a Canadian bank for households, businesses and institutions.
Scotiabank (BNS.TO), from our memo of October 21, 2026 · Scotiabank stock forecast