Recent Updates — BNS

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.

The Bank of Nova Scotia announced an interest rate reset for its $1.25 billion principal amount of 3.70% Fixed Rate Resetting Limited Recourse Capital Notes, Series 1, and its associated AT1 Notes, to 5.987% per annum for the five-year period from July 27, 2026, to July 27, 2031. Interest on the Notes is payable quarterly in arrears on January 27, April 27, July 27, and October 27. The Bank of Nova Scotia is a large North American bank providing personal, commercial, and investment banking services.