Business
Scotiabank Comments on Expected Contribution from KeyCorp's Fourth Quarter Earnings
Scotiabank announced today that the expected net income contribution from its ownership interest in KeyCorp will be approximately CAD $81 million in Q1 2026. This contribution represents the Bank's share of KeyCorp's Q4 2025 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.
About this update from Bank Of Nova Scotia
[{"type":"text","content":"TORONTO, Jan. 21, 2026 /CNW/ - Scotiabank announced today that the expected net income contribution from its ownership interest in KeyCorp will be approximately CAD $81 million in Q1 2026. This contribution represents the Bank's share of KeyCorp's Q4 2025 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.","length":430,"tagName":"p"},{"type":"image","alt":"Scotiabank Logo (CNW Group/Scotiabank)","displaySize":"","headline":null,"caption":"Scotiabank Logo (CNW Group/Scotiabank)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":57,"url":"https://media.zenfs.com/en/cnwgroup.com/eb6415bd8df58b7b7c3dbcd11b4b8445"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Fc51fTABPA2x4Q7MsgrhOw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwMDtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/eb6415bd8df58b7b7c3dbcd11b4b8445","width":400,"height":57}},"href":"https://mma.prnewswire.com/media/2865774/Scotiabank_Scotiabank_Comments_on_Expected_Contribution_from_Key.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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 $89 million.1","length":194,"tagName":"p"},{"type":"text","content":"Scotiabank will release its first quarter financial results and host an earnings conference call on February 24, 2026. Conference call and audio webcast details will be announced closer to that date.","length":204,"tagName":"p"},{"type":"text","content":"About Scotiabank","length":16,"tagName":"p"},{"type":"text","content":"Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at October 31, 2025), Scotiabank is one of the largest banks in North America by assets, and trades on the Tor...