
Quarterly UpdatesJul 22, 2026, 01:06 PM
Scotiabank expects CAD $82M KeyCorp Q3 net income contribution
AI Summary
Scotiabank announced an expected net income contribution from its ownership interest in KeyCorp for Q3 2026. This contribution is projected to be approximately CAD $82 million, based on KeyCorp's Q2 2026 net income. After adjusting for the amortization of acquired intangible assets of CAD $8 million, the adjusted net income contribution is expected to be CAD $90 million. The bank also stated it will release its full third-quarter financial results on August 25, 2026.
Key Highlights
- Expected net income contribution from KeyCorp: CAD $82 million for Q3 2026.
- Adjusted net income contribution from KeyCorp: CAD $90 million.
- Amortization of acquired intangible assets: CAD $8 million.
- Contribution based on KeyCorp's Q2 2026 net income, reported on one-month lag.
- Scotiabank to release Q3 2026 financial results on August 25, 2026.
Price Impact
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