Scotiabank’s October 21 announcement identified two items that will affect its fourth-quarter earnings: a contribution from KeyCorp’s third-quarter earnings and a write-down of a deferred tax asset following Chile’s tax rate reduction.
The announcement does not give a dollar amount for either item or their combined effect. For Canadian investors, that means the headline identifies both an earnings contribution and a tax-related charge, but doesn’t show their net impact.
Investor takeaway: Scotiabank named two factors affecting fourth-quarter earnings, but hasn’t quantified either one or their combined effect.
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Bank of Nova Scotia
BNS.TO
BNS.TO
Bank of Nova Scotia
WealthAwesomeMarket cap
$160.76B
P/E
17.2x
Div. yield
3.42%
Div. / share
$4.44
52W high
$133.31
52W low
$86.87
1W change
+2.93%
Beta
1.19
Analyst Price Targets
Based on analyst covering BNS · as of Sep 17, 2026
Wall Street analysts forecast BNS stock price to rise 0.7% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$132.86
+0.7% Upside
Current Price
C$131.90
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BNS's historical volatility
30-Day Vol
18.3%
Annualized
90-Day Vol
21.4%
Annualized
Trend (90d)
+30.3%
Annualized drift
90d Mean
C$146.96
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$136.74 | C$128.36 – C$145.66 |
| 60 trading days | C$141.76 | C$129.63 – C$155.02 |
| 90 trading days | C$146.96 | C$131.71 – C$163.96 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Scotiabank closed at C$129.84
The supplied quote data show a last close of C$129.84 and latest volume of 639,806 shares, compared with a 20-day average of 4,075,521. These figures provide market context, but don’t show how the stock reacted to the announcement.
Bull case
Scotiabank expects a contribution from KeyCorp’s third-quarter earnings.
Bear case
The write-down of a deferred tax asset following Chile’s tax rate reduction will affect fourth-quarter earnings. Scotiabank hasn’t disclosed the amount.
What Scotiabank announced
In its October 21 announcement, Scotiabank said it expects a contribution from KeyCorp’s third-quarter earnings. It also said a write-down of a deferred tax asset related to Chile’s tax rate reduction will affect fourth-quarter earnings.
The announcement gives no dollar figures, accounting breakdown, or estimate of the net effect. It identifies the two items, but doesn’t show whether their combined impact will be positive or negative.
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What the numbers show
Scotiabank’s last close was C$129.84. Latest reported volume was 639,806 shares, compared with a 20-day average of 4,075,521, or 0.76 times the average. The supplied performance figures show a 1.63% gain over one day and a 2.93% gain over one week. The one-month return was -1.47%.
These figures describe market performance, but don’t show that the announcement caused a particular price move. The supplied data don’t include an event-specific comparison. You can follow BNS.TO on the Scotiabank stock page.
What to watch next
Scotiabank hasn’t disclosed the size of the expected KeyCorp contribution or the Chile-related write-down. Further details, including how the items appear in fourth-quarter results, would help clarify their earnings impact. Until then, the announcement alone doesn’t show their net effect.
The BNS.TO stock page provides the supplied quote and company-market data, but no further details about the announcement.
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