Scotiabank Expects Q4 Adjusted Earnings Contribution of CA$104 Million From KeyCorp

12:41 PM EDT, 10/21/2026 (MT Newswires) -- Scotiabank (BNS.TO), up 1.6% to a record high, expects an adjusted earnings contribution of CA$104 million from its equity stake in KeyCorp for its fiscal fourth quarter, the bank said on Wednesday. The contribution is Scotiabank's share of KeyCorp's fiscal third-quarter net income, and includes acquisition-related and other accounting impacts, a statement said. Scotiabank is also expecting a one-time negative earnings impact of CA$55 million for its fiscal fourth quarter. The write-down is due to Chile lowering the corporate income tax rate by 4% over the next three years to 23%, the bank said. Scotiabank will release its fourth quarter financial results on Dec. 2. Scotiabank shares were last seen up CA$2.15 to CA$131.93 on the Toronto Stock Exchange. Price: 131.80, Change: +2.02, Percent Change: +1.56