Scotiabank is the most internationally oriented of the Big Six Canadian chartered banks, with approximately 35% of its earnings coming from its international operations, primarily from Mexico, Colombia, Peru, and Chile.
Wealth Builder
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Income Investor
The major development this quarter was the surprising move by Scotiabank to take a 14.9% stake in Cleveland based US regional bank KeyCorp for US$2.8 billion. KeyCorp has 1,000 branches in 15 states, primarily in the Midwest, with US$146 billion in assets, and makes two-thirds of its profits from commercial lending and investment banking. - Gavin Graham
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Interactive Performance Chart
BNS was first recommended here on August 29, 2007