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Stock impact report

The Bank of Nova Scotia (BNS) Looking to Raise Keycorp Stake to 20% [Yahoo! Finance]

KeyCorp (KEY) 
Last keycorp earnings: 4/16 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.key.com
Company Research Source: Yahoo! Finance
The Bank of Nova Scotia (BNS) Looking to Raise Keycorp Stake to 20% The Bank of Nova Scotia (NYSE:BNS) is one of Canada's largest banks with a strong presence across the Americas. The company offers personal, business, and commercial banking, wealth management and private banking, corporate and investment banking, and capital market services. A Bloomberg report on March 20 revealed that The Bank of Nova Scotia (NYSE:BNS) is looking to increase its stake in KeyCorp to as much as 19.99%, up from its prior permission for a 14.99% interest. The company intends to purchase additional voting shares of KeyCorp, and thereby also indirectly acquire voting shares of KeyBank National Association, KeyCorp's bank unit. According to a KeyCorp spokesperson, the hiked stake does not indicate any changes in the nature of the relationship between the two banks. The Bank of Nova Scotia (NYSE:BNS) acquired its initial 14.99% stake in KeyCorp for $2.8 billion in 2024, with the latter using these pr Show less Read more
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