Scotiabank Expects KeyCorp to Contribute About CAD 96 Million to Q4 2026 Net Income
Bitget2026/10/21 12:03- Scotiabank expects its KeyCorp stake to contribute about CAD 96 million to fourth-quarter 2026 net income.
- The contribution reflects KeyCorp’s third-quarter 2026 earnings, acquisition accounting adjustments and related financing costs, reported with a one-month lag.
- Adjusted net income contribution is expected at about CAD 104 million, excluding roughly CAD 8 million in intangible asset amortization.
- A Chilean deferred tax asset write-down should reduce fourth-quarter reported and adjusted earnings by about CAD 55 million, affecting international banking.
- The one-time charge reflects Chile’s corporate tax rate reduction of 4 percentage points over three years to 23%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Morgan Stanley: Raised AbbVie’s target price to $346
Low base, high oil prices, and subsidies all drive growth: Tesla (TSLA.US) continues sales rebound in Northern Europe in October
In October of this year, registrations of new Tesla cars increased in several Nordic markets, continuing the recovery momentum of the American electric vehicle manufacturer's sales in the region.
Japan’s consumption is set for its first decline in over two years? The Bank of Japan preempts with a “precautionary statement”: Weak overall figures due to population shrinkage ≠ deteriorating demand, December rate hike may not be affected
The Bank of Japan stated that, due to the ongoing population decline, it is difficult for overall consumption in Japan to achieve strong growth. However, this also means that overall sluggish consumption does not necessarily indicate weakening household demand.
Swiss Franc remains stronger following SVME PMI data
Crypto prices
More
