Latest news with #KeyCorp
CTV News
6 days ago
- Business
- CTV News
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. The bank says that adjusted profits should be about $68 million, after factoring in the amortization of acquired intangible assets. Scotiabank bought a 14.9 per cent stake in KeyCorp in 2024 for about US$2.8 billion in cash to grow its foothold in the U.S. market. KeyCorp reported results Tuesday that showed a 63 per cent jump in income to US$387 million as its net interest income rose and it said business activity continues to accelerate. Cleveland, Ohio-based KeyCorp operates in 15 states and had assets of US$185 billion as of the end of June. Scotiabank reports its third-quarter results on Aug. 26. This report by The Canadian Press was first published July 23, 2025.
CNBC
6 days ago
- Business
- CNBC
KeyCorp CEO: Stablecoin has 'a lot of promise,' could be good solution for clients
Chris Gorman, KeyCorp CEO, joins CNBC's 'Squawk on the Street' to discuss KeyCorp's operating environment, expectations for the Federal Reserve's path to rate cuts, his reaction to new stablecoin legislation, and much more.
Yahoo
6 days ago
- Business
- Yahoo
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. The bank says that adjusted profits should be about $68 million, after factoring in the amortization of acquired intangible assets. Scotiabank bought a 14.9 per cent stake in KeyCorp in 2024 for about US$2.8 billion in cash to grow its foothold in the U.S. market. KeyCorp reported results Tuesday that showed a 63 per cent jump in income to US$387 million as its net interest income rose and it said business activity continues to accelerate. Cleveland, Ohio-based KeyCorp operates in 15 states and had assets of US$185 billion as of the end of June. Scotiabank reports its third-quarter results on Aug. 26. This report by The Canadian Press was first published July 23, 2025. Companies in this story: (TSX:BNS) The Canadian Press Sign in to access your portfolio
Winnipeg Free Press
6 days ago
- Business
- Winnipeg Free Press
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. The bank says that adjusted profits should be about $68 million, after factoring in the amortization of acquired intangible assets. Scotiabank bought a 14.9 per cent stake in KeyCorp in 2024 for about US$2.8 billion in cash to grow its foothold in the U.S. market. KeyCorp reported results Tuesday that showed a 63 per cent jump in income to US$387 million as its net interest income rose and it said business activity continues to accelerate. Cleveland, Ohio-based KeyCorp operates in 15 states and had assets of US$185 billion as of the end of June. Scotiabank reports its third-quarter results on Aug. 26. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 23, 2025. Companies in this story: (TSX:BNS)
Hamilton Spectator
6 days ago
- Business
- Hamilton Spectator
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. The bank says that adjusted profits should be about $68 million, after factoring in the amortization of acquired intangible assets. Scotiabank bought a 14.9 per cent stake in KeyCorp in 2024 for about US$2.8 billion in cash to grow its foothold in the U.S. market. KeyCorp reported results Tuesday that showed a 63 per cent jump in income to US$387 million as its net interest income rose and it said business activity continues to accelerate. Cleveland, Ohio-based KeyCorp operates in 15 states and had assets of US$185 billion as of the end of June. Scotiabank reports its third-quarter results on Aug. 26. This report by The Canadian Press was first published July 23, 2025. Companies in this story: (TSX:BNS)
