Scotiabank sees 3Q KeyCorp net income contribution about C$61M

Scotiabank sees 3Q KeyCorp net income contribution about C$61M

Scotiabank has announced that it anticipates a net income contribution of approximately CAD $61 million from its ownership interest in KeyCorp for the third quarter of 2025. This contribution is derived from KeyCorp's second-quarter 2025 net income and includes acquisition-related and other accounting impacts. The figure is net of Scotiabank's associated funding costs and is reported with a one-month lag [1].

The expected contribution reflects Scotiabank's stake in KeyCorp, highlighting the potential financial benefits of the investment. This announcement is significant for investors as it provides insight into the expected performance of KeyCorp, which is a key subsidiary for Scotiabank. The information is crucial for evaluating Scotiabank's overall financial health and future prospects.

For more details, please refer to the official press release from Scotiabank [1].

References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/BNS-T/pressreleases/33584708/scotiabank-comments-on-expected-contribution-from-keycorp-s-second-quarter-earnings/