Scotiabank (BNS) announced that the expected net income contribution from its ownership interest in KeyCorp (KEY) will be approximately C$74M in Q4 2025. This contribution represents the Bank’s share of KeyCorp’s Q3 2025 net income, includes acquisition-related and other accounting impacts, is net of the Bank’s associated funding costs and is reported on a one-month lag. Adjusting for the amortization of acquired intangible assets of approximately C$8M, the Bank’s adjusted net income contribution from KeyCorp will be approximately C$82M.
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