TSX:BNSBanks
Should Scotiabank’s North American Pivot and KeyCorp Stake Require Action From Bank of Nova Scotia (TSX:BNS) Investors?
In recent months, Bank of Nova Scotia has accelerated its shift away from Latin America by selling operations in Colombia, Panama, and Costa Rica, while strengthening its North American footprint through a 14.9% stake in U.S. regional lender KeyCorp and ongoing restructuring efforts.
This refocusing, combined with an expected C$89 million boost to upcoming quarterly net income from the KeyCorp investment, highlights how the bank is reshaping its earnings mix toward North American lending and...