Scotiabank says KeyCorp results will add about $62M to its second-quarter net income

Scotiabank expects KeyCorp to contribute ~C$62M to net income in FQ2 (BNS:NYSE)

Scotiabank (BNS) (BNS:CA) announced on Monday expected net income contribution from its ownership interest in KeyCorp (KEY) of ~C$62M for the fiscal second quarter.

Scotiabank announced on Monday that its stake in the US bank KeyCorp will contribute approximately $62 million to its second quarter net profit.

Scotiabank says KeyCorp results will add about $62-million to its second-quarter net income

Scotiabank completed a two-part deal to buy a 14.9% stake in U.S. bank KeyCorp in December last year

Scotiabank says KeyCorp results will add about $62M to its second-quarter net income

Scotiabank says its ownership stake in U.S. bank KeyCorp will contribute about $62 million to its second-quarter net income. The Canadian bank says the amount represents its share of KeyCorp's first-quarter net income. Adjusting for the amortization of acquired intangible assets, Scotiabank says the...

Scotiabank says KeyCorp results will add about $62M to its Q2 net income

Bank says adjusted contribution from U.S. investment will total $71M The post Scotiabank says KeyCorp results will add about $62M to its Q2 net income appeared first on Investment Executive.