Bank of Nova Scotia BNS

Primary Symbol: T.BNS

Financial Services

The Bank of Nova Scotia (the Bank) is a Canadian chartered bank. The Bank's segments include Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other. The Canadian Banking segment provides a full suite of financial advice and banking solutions. The International Banking segment is a diverse franchise offering financial advice and solutions to retail, corporate and commercial clients. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across the Bank's footprint. The Global Wealth Management segment serves investment fund and advisory clients across 13 countries. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. The Other segment includes Group Treasury, smaller operating segments and corporate items which are not allocated to a business line.

TSX:BNS - Post by User

Bank of Nova Scotia > Scotiabank signs agreement to buy 14.9 % stake in Key Corp

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Comment by Possibleidiot01on Aug 12, 2024 11:46am

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Post# 36174578

RE:Scotiabank signs agreement to buy 14.9 % stake in Key Corp

Quite unexpected.
Pivoting away from emerging markets to the U.S.
but
Buying a minor percentage instead of the whole bank.
Does this scream confidence or a change in strategy to opportunistically deploy capital in search of shorter term gain?
Time will tell.

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