Scotiabank flags CAD 55 million tax hit for Bank of Nova Scotia stock

Published on 10/27/2026 at 10:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank expects CAD 104 million from KeyCorp in Q4. Bank of Nova Scotia stock costs EUR 83.57 on October 27, 2026 and Q3 net income was CAD 2.95 billion.

Fourth quarter risks and dates

Scotiabank expects a CAD 55 million tax-related earnings reduction on October 21, 2026.
Q3 FY2026 net income reached CAD 2.95 billion for the period ended July 31, 2026.
Bank of Nova Scotia stock traded at EUR 83.57 at 10:34 a.m. CET at Lang & Schwarz on October 27, 2026.
Scotiabank is scheduled to release fourth-quarter results on December 2, 2026.

BNS, CA0641491075, Illustration mit AI erstellt.

Bank of Nova Scotia (ISIN CA0641491075) stock traded at EUR 83.57 at Lang & Schwarz on October 27, 2026 at 10:34 a.m. CET. Scotiabank expects a CAD 55 million reduction in fourth-quarter reported and adjusted earnings after Chile approved a corporate tax cut, while its KeyCorp stake is expected to contribute CAD 104 million on an adjusted basis, as Bloomberg Tax reported on October 21, 2026.

The tax hit meets KeyCorp lift

The two effects point in opposite directions for the bank's next report. The Chile change will create a one-time deferred tax asset write-down, while the KeyCorp contribution is expected to reach CAD 104 million after CAD 8 million of intangible amortization, according to MarketWatch.

The scale of the items matters against recent operating performance. In the third quarter of fiscal 2026, net income attributable to equity holders was CAD 2.08 billion, up 16.9 percent year over year, while revenue reached CAD 7.54 billion, up 9.2 percent, according to Ticker Scout on October 9, 2026.

What does Q4 mean for earnings?

The answer depends on whether the KeyCorp gain can offset the Chile charge in reported results. Scotiabank's fiscal third-quarter net income was CAD 2.95 billion, up from CAD 2.53 billion a year earlier, while its international banking segment earned CAD 766 million, up 8 percent, according to MarketWatch on October 21, 2026.

Three dates frame the story

The recent chronology runs from the approval of a buyback ceiling of 40 million shares on October 2, 2026, through the CAD 55 million Chile tax charge and CAD 104 million adjusted KeyCorp contribution announced on October 21, 2026, to the scheduled fourth-quarter results on December 2, 2026. The buyback details were reported by MarketScreener.

The next dated items are the dividend payment on October 28, 2026, and Scotiabank's fourth-quarter results release on December 2, 2026. The latter date was cited by Bloomberg Tax.

Stock price and investor context

On the Toronto Stock Exchange, the stock closed at CAD 130.73 on October 26, 2026. The Canadian listing gives investors a separate home-market reference from the euro quotation, while the upcoming report will show whether the tax item or the KeyCorp contribution carries more weight in fourth-quarter earnings.

Bank of Nova Scotia stock was trading at EUR 83.57 at Lang & Schwarz on October 27, 2026 at 10:34 a.m. CET. The further course of trading is shown by the continuously updated real-time quote of Bank of Nova Scotia stock.