Bank Of Nova Scotia (TSE:BNS) has released an update.
Scotiabank has announced an agreement to purchase a 14.9% stake in KeyCorp, a leading U.S. financial services company, for about US$2.8 billion, which is expected to boost earnings per share from the first year. This move represents a strategic investment by Scotiabank to enhance their presence in North America and is anticipated to provide attractive returns to shareholders.
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