BNS
The Bank of Nova Scotia
BNS's fundamentals are mixed: its operating margin rose 7 points to 18%, but revenue fell 5.6%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
BNS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
BNS's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like BNS.
COIN Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Under pressure | |
| N/A | |
| N/A |
COIN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like COIN.
BNS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.8x | $44.63 | -52% |
| Fair | 12x | $58.69 | -37% |
| Expensive | 16x | $79.47 | -14% |
| Current | 18x | $92.66 | — |
Historical ranges are pointers, not guarantees.
BNS's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
BNS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
BNS has the edge over COIN on the outlook, with more favorable revenue expectations.
COIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect COIN's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
BNS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $5.08 | +52% |
| Q1 2026 | $4.71 | +38% |
| Q4 2025 | $3.96 | -4.1% |
| Q3 2025 | $3.66 | -8.5% |
| Q2 2025 | $3.35 | -21% |
| Q1 2025 | $3.42 | -20% |
| Q4 2024 | $4.13 | +1.2% |
| Q3 2024 | $4.00 | -10% |
BNS has the stronger earnings trend. Trailing diluted EPS is up 52% for BNS versus COIN down 124%.
COIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.36 | — |
| Q3 2026 | -$2.77 | -124% |
| Q2 2026 | -$3.78 | -137% |
| Q1 2026 | $2.72 | -49% |
| Q4 2025 | $4.45 | -53% |
| Q3 2025 | $11.54 | +94% |
| Q2 2025 | $10.32 | +82% |
| Q1 2025 | $5.32 | +4.1% |
| Q4 2024 | $9.48 | +2462% |
COIN has swung to a loss: it lost $2.77 per share over the past year, after a profit the year before.
BNS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $12.1B | -4.2% |
| Q1 2026 | $12.4B | -7.5% |
| Q4 2025 | $12.8B | -3.6% |
| Q3 2025 | $12.6B | -6.8% |
| Q2 2025 | $12.6B | -3.3% |
| Q1 2025 | $13.4B | +127% |
| Q4 2024 | $13.3B | +138% |
| Q3 2024 | $13.6B | +140% |
BNS has the stronger quarterly revenue trend. Revenue is down 4.2% for BNS versus down 35% for COIN.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 20% | +5.6 points |
| Q1 2026 | 18% | +9 points |
| Q4 2025 | 16% | +4.1 points |
| Q3 2025 | 19% | +7.9 points |
| Q2 2025 | 14% | +14 points |
| Q1 2025 | 9% | -23 points |
| Q4 2024 | 12% | -7.2 points |
| Q3 2024 | 11% | -23 points |
BNS's operating margin was 20% last quarter, up 5.6 points from the same quarter a year ago.
COIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -35% |
| Q2 2026 | $1.2B | -19% |
| Q1 2026 | $1.4B | -31% |
| Q4 2025 | $1.8B | -22% |
| Q3 2025 | $1.9B | +55% |
| Q2 2025 | $1.5B | +3.3% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +138% |
COIN's revenue has slid since its 2021 peak: $1.2B last quarter, down 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.1% | -21 points |
| Q2 2026 | -9.3% | -7.7 points |
| Q1 2026 | -1.5% | -36 points |
| Q4 2025 | 15% | -30 points |
| Q3 2025 | 26% | +12 points |
| Q2 2025 | -1.6% | -25 points |
| Q1 2025 | 35% | -12 points |
| Q4 2024 | 46% | +33 points |
COIN's operating margin was 5.1% last quarter, down 21 points from the same quarter a year ago.
BNS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $11.9B | +619% |
| Q1 2026 | $8.9B | +168% |
| Q4 2025 | -$4.5B | -190% |
| Q3 2025 | $3B | -38% |
| Q2 2025 | $1.7B | +$2.6B |
| Q1 2025 | $3.3B | +120% |
| Q4 2024 | $5B | +54% |
| Q3 2024 | $4.9B | -70% |
BNS has the stronger cash trend. Its trailing FCF is up 49% versus its history, compared with COIN at up 35%.
COIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $405.5M | +$1.2B |
| Q2 2026 | $197.3M | -40% |
| Q1 2026 | $182.7M | +$365.5M |
| Q4 2025 | $3.1B | +218% |
| Q3 2025 | -$784.5M | -213% |
| Q2 2025 | $328.5M | -32% |
| Q1 2025 | -$182.7M | -144% |
| Q4 2024 | $964.6M | +$969.8M |
COIN's free cash flow was $3.9B over the past year, more than ten times what it generated the year before. Free cash flow isn't a meaningful measure for financial services companies like COIN.
BNS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -15M shares |
| 1 year | -1.3% | -16M shares |
| 3 years | +2.8% | +33M shares |
| 5 years | +0.6% | +7M shares |
| Available history | -1.7% | -21M shares |
BNS has 1.2B diluted shares, down 1.3% from a year ago, with $1.4B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $451.3M |
| Q1 2026 | $341M |
| Q4 2025 | $460.5M |
| Q3 2025 | $168.7M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
BNS spent $1.4B buying back its own shares over the past year, after none the year before.
COIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.3% | +24.6M shares |
| 1 year | -1.4% | -4M shares |
| 3 years | +21% | +50.7M shares |
| 5 years | +15% | +37.4M shares |
| Available history | +330% | +221M shares |
COIN has the edge over BNS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.3M |
| Q2 2026 | $181.3M |
| Q1 2026 | $1.1B |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | $10.5M |
BNS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 34.6x | High |
| Q1 2026 | 33.3x | High |
| Q4 2025 | 36.2x | High |
| Q3 2025 | 35.9x | High |
| Q2 2025 | 39.4x | High |
| Q1 2025 | 39.5x | High |
| Q4 2024 | 20.4x | High |
| Q3 2024 | 21.9x | High |
BNS's net debt is more than 20 years of its operating earnings (EBITDA), down from more than 20 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BNS.
COIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -4.4x | Net Cash |
| Q2 2026 | -2.5x | Net Cash |
| Q1 2026 | -2.8x | Net Cash |
| Q4 2025 | -2.3x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2025 | -1.6x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
COIN has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like COIN.
BNS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.4 | Neutral |
| Stochastic | 63.5 | Neutral |
BNS's weekly RSI is 60 (neutral) and its Stochastic is 63 (neutral).
COIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.3 | Neutral |
| Stochastic | 5.0 | Oversold |
COIN's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).
BNS PE vs Financial Services Sector
| Metric | BNS | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 13x | 40% above |
| PE % | 98 | 63 | 35 pts above |
BNS is trading at 18x earnings, a 40% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
COIN PE vs Financial Services Sector
| Metric | COIN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
COIN has no meaningful PE right now: it lost money over the past year.
BNS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $92.0 | 0.8% above |
| 20 week MA | $90.7 | 2.1% above |
| 50 week MA | $81.7 | 13% above |
| 100 week MA | $68.7 | 35% above |
| 200 week MA | $58.7 | 58% above |
BNS has the edge over COIN on trend strength, trading above more of its moving averages.
COIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $163.0 | 20% below |
| 20 week MA | $165.6 | 21% below |
| 50 week MA | $184.4 | 29% below |
| 100 week MA | $232.8 | 44% below |
| 200 week MA | $190.3 | 31% below |
COIN is in a downtrend: it's below all five of its weekly moving averages, and 31% below its 200-week average.
BNS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $56.1 | $53.5 | -4.7% |
| 2021 | $53.5 | $69.8 | +30% |
| 2022 | $69.8 | $48.8 | -30% |
| 2023 | $48.8 | $48.7 | -0.3% |
| 2024 | $48.7 | $53.8 | +10% |
| 2025 | $53.8 | $74.2 | +38% |
| 2026 YTD | $74.2 | $92.7 | +25% |
BNS has the edge over COIN on returns for 2026, with the stronger performance.
COIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $342.0 | $268.2 | -22% |
| 2022 | $268.2 | $35.5 | -87% |
| 2023 | $35.5 | $173.9 | +390% |
| 2024 | $173.9 | $265.7 | +53% |
| 2025 | $265.7 | $236.9 | -11% |
| 2026 YTD | $236.9 | $130.7 | -45% |
COIN's yearly returns have swung widely, from +390% in 2023 to −87% in 2022. It's down 45% so far in 2026.