๐ Maple Market Challenge 8: Scotiabank just took a 14.9% stake in KeyCorp, so is BNS stock a buy now?
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Like always, let's reveal the answer to last week's quiz: What impact did Elon Musk's endorsement of Donald Trump have on Tesla's stock price? The answer is 'surged more than 5%'.
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Now, brace yourselves for today's quiz!
Canadian banks are intriguing as we approach the year's end. While some have surged to new highs, others lag. In the last two years, $Bank of Nova Scotia (BNS.CA)$ have dipped by nearly 13%. Presently, trading over 23% below its peak, the stock appears an enticing opportunity to consider amidst prevailing bearish conditions.
Canadian banks are intriguing as we approach the year's end. While some have surged to new highs, others lag. In the last two years, $Bank of Nova Scotia (BNS.CA)$ have dipped by nearly 13%. Presently, trading over 23% below its peak, the stock appears an enticing opportunity to consider amidst prevailing bearish conditions.
Scotiabank recently made an interesting move by acquiring a 14.9% stake in the American bank $KeyCorp (KEY.US)$. Canadian banks have been exploring growth avenues in the U.S., and even though Scotiabank might be slightly late to the game, the timing appears favorable. Given the challenges many U.S. banks face, especially regional ones, the expansion into the U.S. market might enhance Scotiabank's appeal. ![]()
1. Do you think the expansion into the U.S. market would enhance Scotiabank's appeal?
2. Would you invest in Scotiabank or Keycorp right now?
2. Would you invest in Scotiabank or Keycorp right now?
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LCS168 : i think the acquisition of keycorp sure will benefit the scotia bank. maybe we can't see it right now but long term should be good
WanEH : I will wait Scotia bank drop around 20% from the top then only start buying. good share must buy in good price too
ChengHoe : definitely Scotia bank see the opportunity then only they acquired keycorp. market is too panic. be greedy while other is panic.
72165230 : In this election environment, this is good move of Scotia bank for both countries and it will effect in short and long term both. I think its price can go up between 2.5 to 3 %.
Dart Board Picks : i own both before the deal...easier acquisition for investors to follow than the south American holdings
71280741 : The strategic thinking is right, but short-term results will be lost
TheAdamata : America has a looser credit regulation environment, and a forray into its market will likely help its bottom line.
73279472 :
ๆ็ : A win-win acquisition, but if you buy Fengye, you still have to wait
โญFaye Yosun : BNS? Too expensive, wait for it to drop, don't buy it!
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