Here are the Canadian banks that could benefit from Trump's victory [Yahoo! Finance Canada]
KeyCorp (KEY)
Last keycorp earnings: 4/16 06:30 am
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Source: Yahoo! Finance Canada
deliver on his promise to lower taxes for corporations, enforce fewer regulations and focus more on reshoring could rub off on Canada's biggest lenders as well, some analysts say. For example, Bank of Nova Scotia is likely to benefit due to the US$2.8-billion investment it made in Cleveland-based KeyCorp. in August, when it agreed to buy 14.9 per cent of the American bank at US$17.17 per share. KeyCorp was trading at US$19.49 around noon on Wednesday, up about 13 per cent from its previous close and much higher than the price fixed for the deal. Scotiabank has already completed the first stage of the deal and owns about 4.9 per cent of KeyCorp. The second and final stage of the deal is expected to be completed early next year. Bank of Montreal is also expected to benefit from Trump's win due to its huge exposure to the United States. The bank underperformed and missed analysts' expectations in its last quarter because it had to keep significantly more money aside to cover potent
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News
- Where Will BNS Stock Be in 3 Years? [Yahoo! Finance Canada]Yahoo! Finance Canada
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- Nvidia remains extremely well-positioned for growth, says KeyBanc's John Vinh [CNBC]CNBC
- KEYBANK EXPANDS COMMERCIAL BANKING TEAMS IN CHICAGO AND SOUTHERN CALIFORNIA TO SERVE THE MIDDLE MARKET [Yahoo! Finance]Yahoo! Finance
KEY
Earnings
- 10/17/24 - Beat
KEY
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/7/24 - Form 4
- KEY's page on the SEC website