Bank of Nova Scotia T.BNS

Alternate Symbol(s): 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 rustybladeson Aug 12, 2024 9:00pm

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

I added more today as I thought BNS would move up on the news but it dropped instead. I suspect one of the attractions for KeyCorp is Scotia's Mexican banking unit. Don't forget they also did their due diligence and the premium Scotia paid is not that large. Mexico has surpassed Canada as the USA's largest trading partner. Banks witk Mexican-USA ties should do well. The transaction should be accretive to both banks, i.e 1+1=3. Time will tell.

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