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Scotiabank Flags CAD $85 Million Adjusted Q2 Boost From KeyCorp Stake

Story Highlights
  • Scotiabank expects about CAD $77 million net income from its KeyCorp stake in Q2 2026.
  • Adjusted for intangible amortization, KeyCorp is projected to add roughly CAD $85 million to Scotiabank’s Q2 earnings.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Scotiabank Flags CAD $85 Million Adjusted Q2 Boost From KeyCorp Stake

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An announcement from Bank Of Nova Scotia ( (TSE:BNS) ) is now available.

On April 17, 2026, Scotiabank said it expects its ownership stake in U.S. regional lender KeyCorp to add about CAD $77 million in net income to its second-quarter 2026 results, reflecting its share of KeyCorp’s first-quarter performance on a one-month reporting lag. Excluding roughly CAD $8 million in amortization of acquired intangibles, the adjusted contribution is projected at about CAD $85 million, giving investors early visibility into a meaningful earnings input ahead of Scotiabank’s scheduled Q2 results release and conference call on May 27, 2026.

The most recent analyst rating on (TSE:BNS) stock is a Hold with a C$98.00 price target. To see the full list of analyst forecasts on Bank Of Nova Scotia stock, see the TSE:BNS Stock Forecast page.

Spark’s Take on BNS Stock

According to Spark, TipRanks’ AI Analyst, BNS is a Neutral.

The score is driven primarily by mixed financial performance—solid profitability but pressured by a sharp TTM revenue decline, high leverage, and volatile/free-cash-flow deterioration. Valuation is a relative support due to a mid-range P/E and strong dividend yield. Technicals are neutral-to-mixed, and the earnings call was broadly positive on guidance and efficiency, tempered by elevated credit losses and Canadian banking pressure.

To see Spark’s full report on BNS stock, click here.

More about Bank Of Nova Scotia

The Bank of Nova Scotia, operating as Scotiabank, is one of the largest banks in North America by assets, with approximately $1.5 trillion as of January 31, 2026. The Toronto- and New York-listed lender offers personal and commercial banking, wealth and private banking, corporate and investment banking, and capital markets services to clients across its global footprint.

Average Trading Volume: 4,539,632

Technical Sentiment Signal: Buy

Current Market Cap: C$127.5B

For an in-depth examination of BNS stock, go to TipRanks’ Overview page.

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