BNS shareprices rising for many reasons including Key Corp The strategic move to make a serious investment into the US market with the acquisition of 15+% of Key Corp Bank, BNS shareholders are already realizing gains as the Federal Reserved is poised to cut interest rates in September and likely again later in the year.
So the timing is excellent. the fact that no other Canadian bank has as much exposure to Mexico and South American markets is extremely good news for BNS shareholders. Some people don't know that Mexico is now the US biggest trading partner. The Key Corp deal means that Scotiabank has established a prime financial corridor between the US, Mexico, latin america and Canada. BNS can easily get back to the mid $70 SP and likely return to the $80+ range where the SP was at in 2022 as interest rates were rising.
Another positive aspect of BNS is it's 6+% dividend yield. While most banks will see gains as value stocks make a comeback, Bank of Nova Scotia has the most potential upside of all Canadian banks .