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Scotiabank Projects Up to CAD $89 Million Q1 Boost from KeyCorp Stake

Story Highlights
  • Scotiabank expects about CAD $81 million Q1 2026 net income from its KeyCorp ownership.
  • Excluding intangible amortization, KeyCorp is projected to add CAD $89 million, ahead of Scotiabank’s February 24 results.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Scotiabank Projects Up to CAD $89 Million Q1 Boost from KeyCorp Stake

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Bank Of Nova Scotia ( (TSE:BNS) ) just unveiled an update.

Scotiabank said it expects to record approximately CAD $81 million in net income in its first quarter of 2026 from its ownership stake in U.S. regional lender KeyCorp, reflecting its share of KeyCorp’s fourth-quarter 2025 results after funding costs and acquisition-related and accounting impacts, reported on a one-month lag. Excluding an estimated CAD $8 million in amortization of acquired intangible assets, the adjusted net income contribution from KeyCorp is projected to be about CAD $89 million, offering investors early visibility into a meaningful earnings contribution ahead of Scotiabank’s first-quarter results release and conference call scheduled for February 24, 2026.

The most recent analyst rating on (TSE:BNS) stock is a Buy with a C$102.18 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 TSE:BNS Stock

According to Spark, TipRanks’ AI Analyst, TSE:BNS is a Outperform.

The Bank of Nova Scotia’s stock is rated positively due to strong financial performance and strategic execution, as highlighted in the earnings call. Technical indicators support a bullish outlook, while the valuation remains attractive with a solid dividend yield. However, high leverage and declining free cash flow growth are areas to monitor.

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

More about Bank Of Nova Scotia

Scotiabank, formally known as The Bank of Nova Scotia, is one of the largest banks in North America by assets, with approximately $1.5 trillion as of October 31, 2025. The bank provides a broad range of financial services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets, serving clients, their families and communities across its markets. Its strategic focus is on delivering sustainable, profitable growth as a trusted financial partner, and its shares trade on both the Toronto and New York stock exchanges under the symbol BNS.

Average Trading Volume: 4,572,627

Technical Sentiment Signal: Buy

Current Market Cap: C$126.4B

For detailed information about BNS stock, go to TipRanks’ Stock Analysis page.

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