Earnings ·
Scotiabank expects CAD $96M KeyCorp contribution and CAD $55M Chile tax write-down in Q4
BNSBank of Nova Scotia
The Bank of Nova Scotia announced that its expected net income contribution from its ownership interest in KeyCorp will be approximately CAD $96 million for the fourth quarter of 2026, representing a one-month lagged share of KeyCorp's third-quarter earnings. Adjusting for amortization of acquired intangible assets, this adjusted contribution is estimated at CAD $104 million. Additionally, the bank expects a one-time deferred tax asset write-down of approximately CAD $55 million in its fourth quarter results due to a Chilean government-approved reduction in the corporate income tax rate. Scotiabank will release its full fourth-quarter financial results and host an earnings conference call on December 2, 2026. The company operates as a diversified global financial institution providing personal, commercial, corporate, and investment banking services.