Bank of Nova Scotia Expects C$81M Boost to 1Q Net Income From KeyCorp Stake

Dow Jones
01/21
 

By Adriano Marchese

 

Bank of Nova Scotia expects its investment in KeyCorp will contribute about 81 million Canadian dollars, the equivalent of $58.5 million, to its net income in the fiscal first quarter.

The Canadian bank on Wednesday said the figure is reported with a one-month lag and reflects its funding costs as well as the effects of recent acquisitions and other accounting items.

Adjusting for the amortization of acquired intangible assets of about C$8 million, Scotiabank's adjusted net-income contribution from KeyCorp will be roughly C$89 million, it said.

Scotiabank at the end of 2024 finalized a $2.8 billion investment in KeyCorp, taking an almost-15% stake in the U.S. regional lender as part of a strategy to expand its reach and gain exposure to retail banking in the U.S.

Scotiabank is scheduled to release its fiscal first-quarter results on Feb. 24.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

January 21, 2026 09:11 ET (14:11 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10