Scotiabank projects earnings growth despite economic uncertainty [Wealth Professional (Canada)]
KeyCorp (KEY)
Last keycorp earnings: 4/16 06:30 am
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Source: Wealth Professional
Bank of Nova Scotia CEO Scott Thomson expressed confidence in the bank's ability to meet its earnings targets for the next two years, despite ongoing economic uncertainty. According to Financial Post, Thomson noted concerns about potential recession risks in Canada if the incoming US administration imposes a 25 percent tariff on Canadian and Mexican imports. However, he described the uncertainty as temporary. “We are closely monitoring policy actions from the new administration in Mexico as well as the incoming US administration ,” Thomson said during a call with analysts about the bank's fourth-quarter results. “While new governments often bring initial uncertainty with respect to trade policy and relations, we believe policy will ultimately support a co-operative environment.” Scotiabank is shifting its strategic focus to allocate more capital to North America. It plans to increase capital investment in Canada while redirecting funds from Latin American businesses to its
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KEY
Earnings
- 10/17/24 - Beat
KEY
Sec Filings
- 12/13/24 - Form 8-K
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- KEY's page on the SEC website