KEY's third-quarter 2024 results rise on the back of higher revenues and a decline in expenses. However, a rise in provisions turns out to be a spoilsport.
Fee income and modest NII growth are likely to have aided KEY's third-quarter 2024 earnings, while a rise in provisions and high costs are likely to have hurt.
On December 29, 2023, Bank of Nova Scotia executed a significant transaction involving its holdings in Manulife Financial Corp (NYSE:MFC), marking a strategic adjustment in its investment portfolio. This move adjusted Bank of Nova Scotia's total shares in Manulife to 22,763,139, representing a 1.35% position in its portfolio and a 1.26% stake in the company. Bank of Nova Scotia, headquartered at 44 King Street West, Toronto, is a prominent financial institution known for its robust investment strategies.