Scotiabank announced that the expected net income contribution from its ownership interest in KeyCorp will be approximately CAD $82 million in the third quarter of 2026. This contribution represents the Bank's share of KeyCorp's second quarter 2026 net income, includes acquisition-related and other accounting impacts, is net of the Bank's associated funding costs, and is reported on a one-month lag. Adjusting for the amortization of acquired intangible assets of approximately CAD $8 million, the Bank's adjusted net income contribution from KeyCorp will be approximately CAD $90 million. Scotiabank will release its third quarter financial results and host an earnings conference call on August 25, 2026.
Bank of Nova ScotiaScotiabank expects CAD $82M net income contribution from KeyCorp in Q3 2026, boosting its earnings.
KeyCorpKeyCorp's net income is the source of the contribution, reflecting its profitability.