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Scotiabank expects $61 million profit from KeyCorp holdings this quarter

TORONTO - Scotiabank says it expects its holdings in U.S. bank KeyCorp to add about $61 million in income to its third-quarter results.

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Scotiabank expects $61 million profit from KeyCorp holdings this quarter

A pedestrian walks past a Scotiabank branch in downtown Calgary, Alta., Friday, Sept. 16, 2022.THE CANADIAN PRESS/Jeff McIntosh

 JMC
By The Canadian Press

TORONTO - Scotiabank says it expects its holdings in U.S. bank KeyCorp to add about $61 million in income to its third-quarter results.

The bank says that adjusted profits should be about $68 million, after factoring in the amortization of acquired intangible assets.

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