WS Investor
19 Apr 2026, 07:11
Scotiabank announced that it expects to record approximately CAD $77 million in net income contribution in the second quarter of 2026 from its stake in KeyCorp, reflecting its share of KeyCorp’s first-quarter earnings.
After adjusting for acquisition-related intangible amortization of about CAD $8 million, the contribution is expected to rise to roughly CAD $85 million on an adjusted basis. The reported figures also incorporate funding costs and are recognized with a one-month reporting lag.
Scotiabank indicated that these results will be included in its upcoming second-quarter earnings release scheduled for May 27, 2026.
The update highlights the financial impact of Scotiabank’s investment in KeyCorp, providing early visibility into earnings contributions from its U.S. banking exposure.
CNW
After adjusting for acquisition-related intangible amortization of about CAD $8 million, the contribution is expected to rise to roughly CAD $85 million on an adjusted basis. The reported figures also incorporate funding costs and are recognized with a one-month reporting lag.
Scotiabank indicated that these results will be included in its upcoming second-quarter earnings release scheduled for May 27, 2026.
The update highlights the financial impact of Scotiabank’s investment in KeyCorp, providing early visibility into earnings contributions from its U.S. banking exposure.
CNW
