As part of the deal, Scotiabank agreed to not bump its ownership above 19.9% for five years, quashing any speculation that it would soon acquire KeyCorp in its entirety. Instead, KeyCorp executives ...

Scotiabank (NYSE:BNS) (TSX:BNS:CA) announced on Monday expected net income contribution from its ownership interest in KeyCorp (NYSE:KEY) of ~C$62M for the fiscal second quarter.

Despite KeyCorp’s positive market reaction, Scotiabank’s shareholders have shown less enthusiasm. BNS shares fell nearly 4% this morning, reflecting concerns over the 18% premium paid for a 14 ...

Bank of Nova Scotia agreed to buy a minority stake in KeyCorp, which was among the U.S. regional banks hit hardest in last year’s tumult, for about $2.8 billion as part of a focus on North America.

Scotiabank will acquire 14.9% of Cleveland-based KeyCorp in two separate tranches by buying shares at $17.17 each, representing an 11% premium to their volume-weighted average price over the past ...

UPDATE: This article includes additional information from KeyCorp and Scotiabank. The Bank of Nova Scotia received approval from the Federal Reserve on Thursday to increase its ownership stake in ...

Shares of regional bank KeyCorp (NYSE:KEY) rose 19% in 2024, buttressed by a 163-million-share, $2.8 billion investment by Scotiabank (BNS) that allowed it to reposition its available-for-sale ...

TORONTO, April 28, 2025 /CNW/ - Scotiabank announced today that the expected net income contribution from its ownership interest in KeyCorp will be approximately CAD $62 million in Q2 2025.

Scotiabank, which is scheduled to release its second-quarter financial results May 27, in late December completed a deal to secure an almost 15% interest in KeyCorp in an effort to strengthen its ...

Scotiabank (BNS) is making a significant move into the U.S. banking market by acquiring a 14.9% stake in regional lender KeyCorp (KEY) for $2.8 billion. The Canadian banking giant has priced the ...