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  5. BNS: Any reason for the price drop today? [Bank of Nova Scotia (The)]
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Q: Any reason for the price drop today? Thanks.
Asked by Keith on August 12, 2024
5i Research Answer:

BNS has invested $2.8B for 15% of KeyCorp, a US Bank. Investors worry this may too of an aggressive move for the bank with economic uncertainty. We think investors would prefer to see BNS fix its execution issues before expanding via acquisitions.

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