10:35 AM EDT, 04/28/2025 (MT Newswires) -- Bank of Nova Scotia ( BNS ) early Monday said it expects the company's 14.9% stake in US bank holding company KeyCorp ( KEY ) should contribute around CA$62 million ($44.8 million) to its net income for its fiscal Q2 ending April.

After adjusting for around CA$9 million for the amortization of acquired intangible assets, the adjusted contribution increases to CA$71 million, the company said. The amounts represent KeyCorp's ( KEY ) financial performance during its fiscal Q1 ended March 31 and are added to Scotiabank's Q2 results because of the one-month lag between their respective earnings periods.

Scotiabank is scheduled to report its fiscal Q2 results on May 27, 2025.

Bank of Nova Scotia ( BNS ) shares recently were 0.4% higher in early Monday trading. KeyCorp ( KEY ) shares also were nearly 1% higher.

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