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The latest announcement is out from Bank Of Nova Scotia ( (TSE:BNS) ).
Scotiabank has entered into an agreement with Davivienda, transferring its banking operations in Colombia, Costa Rica, and Panama in exchange for a 20% ownership stake in the combined entity. This move aligns with Scotiabank’s strategic plan to enhance profitability and operational efficiency in its non-core markets, while also allowing it to maintain a presence in these regions through a mutual referral agreement.
More about Bank Of Nova Scotia
Scotiabank is a leading financial institution with a focus on international banking, particularly in the North American corridor and Latin America. The bank is committed to improving operational efficiency and profitability in its international markets.
YTD Price Performance: -0.47%
Average Trading Volume: 1,285,403
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $65.87B
For detailed information about BNS stock, go to TipRanks’ Stock Analysis page.
