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Bank Of Nova Scotia ( (TSE:BNS) ) has shared an update.
Scotiabank has entered into an agreement with Davivienda to transfer its banking operations in Colombia, Costa Rica, and Panama, receiving an approximate 20% ownership stake in the combined entity. This strategic move aims to enhance Scotiabank’s profitability and operational efficiency across its international markets by reducing complexities and focusing on core growth regions, while maintaining influence through board representation in the new venture.
More about Bank Of Nova Scotia
Scotiabank, one of the largest banks in North America by assets, provides a broad range of financial services including personal and commercial banking, wealth management, corporate and investment banking, and capital markets. It focuses on sustainable, profitable growth and operates with a significant presence in North America and Latin America.
YTD Price Performance: 0.11%
Average Trading Volume: 1,391,148
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $65.98B
See more data about BNS stock on TipRanks’ Stock Analysis page.
