Scotiabank Starts Coverage of Webull (BULL) with Positive Sector Outlook

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On September 2, 2026, Scotiabank initiated coverage of Webull (NASDAQCM:BULL) with a Sector Outperform recommendation. Webull’s stock closed at $9.00 on the same day, showing a slight decrease from its previous close of $9.13 on September 1, 2026. The stock has experienced a one-week increase of 2.51% and a significant one-month rise of 27.48% from a baseline close of $7.06 on July 31, 2026.

In its recent quarterly earnings report on August 19, 2026, Webull reported an EPS of $0.08, a positive surprise of 213.73% compared to the analyst estimate of $0.0255. Actual revenue for the period was $198.83 million, exceeding estimates of $185.13 million. As of August 28, 2026, the consensus target mean for Webull was set at $14.62, reflecting a 16.22% increase from earlier projections.

Analyst sentiment for Webull remains strong, with 9 recommendations: 3 strong buy, 5 buy, and 1 hold, maintaining an 88.9% positive rating. This profile has remained consistent since August 1, 2026.

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