6-K ·Filed Jul 22, 2026

BNS

BANK OF NOVA SCOTIA
NEUTRAL
Impact 3/10
Horizonweeks Processed2mo ago SEC0001279569-26-000688
Notable filing: 6-K
Actionable Insight • Neutral

The pre-release is marginally positive for the KeyCorp stake but too small to move BNS shares materially. The next catalyst is the full Q3 earnings release on August 25, 2026, where the bank's overall performance and guidance will be the focus. Monitor for any changes in the KeyCorp investment valuation or strategic updates.

DirectionNeutral
Confidencehigh
Horizonweeks
Latest settled — T+20d
BNS ▲ +0.14% at T+20d
NEUTRAL call ✓ call won +0.14% · α vs SPY -2.76% · entry $87.57 → $87.69
Next anchor: T+60d in 13d
Latest observation: T+49 -2.25% FF3 residual α
Entry anchored
Jul 22, 12:59 PM ET
via exchange tick
T+1d
-1.10%
call -1.10% · α +0.14%
$86.61
settled 2mo ago
T+5d
-1.75%
call -1.75% · α +0.65%
$86.04
settled 2mo ago
T+20d
+0.14%
call +0.14% · α -2.76%
$87.69
settled 6w ago
T+60d
—
call — · α —
—
in 13d

Price Chart

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Executive Summary

Scotiabank disclosed that its expected net income contribution from its KeyCorp ownership interest for Q3 2026 will be approximately CAD $82 million (CAD $90 million adjusted for amortization). This is a routine pre-release of a single component of the bank's upcoming quarterly earnings, providing minor incremental visibility into the KeyCorp investment's performance.

Key Facts

  • Expected net income contribution from KeyCorp in Q3 2026: approximately CAD $82 million (reported basis).
  • Adjusted net income contribution from KeyCorp (excluding ~CAD $8 million amortization of intangibles): approximately CAD $90 million.
  • Scotiabank will report Q3 2026 results and hold an earnings call on August 25, 2026.
  • The contribution is reported on a one-month lag, representing KeyCorp's Q2 2026 net income.

Financial Impact

CAD $82 million expected net income contribution (reported); CAD $90 million adjusted. Relative to Scotiabank's quarterly net income of several billion CAD, this is a modest single-digit percentage contribution.

net incomeKeyCorp investment income

Risk Factors

  • KeyCorp's earnings could be volatile, affecting future contributions.
  • Acquisition-related accounting adjustments may continue to distort the reported contribution.

Market Snapshot

Exchange
NYSE
Sector
State Commercial Banks
Analyst Consensus
32% bullish (19 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001279569-26-000688
Document: scotiabank6k.htm0001279569-26-000688
Document: 0001279569-26-000688-index-headers.html0001279569-26-000688
Document: 0001279569-26-000688-index.html0001279569-26-000688
Document: 0001279569-26-000688.txt0001279569-26-000688
15 reports for BNS
Performance horizon
100% Hit rate 4 of 4 directional calls best @ T+20▲ +7.16%May 27, 2026
Filters
Rows
Reports for BNS — sortable, filterable
TypeNow
Aug 25, 2026
5w ago
6-K
BULLISH ★ 5/10
$93.10 $92.25▼ −0.91%▼ −1.89%$91.04 (−2.21%)
Aug 25, 2026
5w ago
6-K
BULLISH ★ 7/10
$93.10 $92.25▼ −0.91%▼ −1.89%$91.04 (−2.21%)
Aug 25, 2026
5w ago
6-K
NEUTRAL ★ 2/10
$93.10 $92.25▼ −0.91%▼ −1.89%$91.04 (−2.21%)
Aug 25, 2026
5w ago
6-K
BULLISH ★ 7/10
$93.10 $92.25▼ −0.91%▼ −1.89%$91.04 (−2.21%)
Jul 22, 2026
10w ago
6-K
NEUTRAL ★ 3/10
$87.57 $87.69▲ +0.14%▼ −2.76%$91.04 (+3.96%)
Jun 5, 2026
16w ago
6-K
NEUTRAL ★ 3/10
$80.56 $87.09▲ +8.11%▲ +6.24%$91.04 (+13.01%)
May 29, 2026
17w ago
425
NEUTRAL ★ 4/10
$78.61 $86.84▲ +10.47%▲ +11.77%$91.04 (+15.81%)
May 27, 2026
18w ago
6-K
NEUTRAL ★ 3/10
$80.68 $86.46▲ +7.16%▲ +9.07%$91.04 (+12.84%)
May 27, 2026
18w ago
6-K
NEUTRAL ★ 2/10
$80.68 $86.46▲ +7.16%▲ +9.07%$91.04 (+12.84%)
May 27, 2026
18w ago
6-K
NEUTRAL ★ 2/10
$80.68 $86.46▲ +7.16%▲ +9.07%$91.04 (+12.84%)
Showing 10 of 15

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