Cibc Asset Management Reduces $92M in The Bank of Nova Scotia ($BNS)
Key Points
- Cibc Asset Management changed its The Bank of Nova Scotia ($BNS) stake by 10.79% last quarter, cutting to 8,793,875 shares worth $763.66 million.
- Wall Street's consensus rating on $BNS is Hold and an average price target of $92.15.
- $BNS last traded around $86.84.
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Cibc Asset Management reduced its position in The Bank of Nova Scotia ($BNS) by 10.79% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,793,875 shares of The Bank of Nova Scotia after selling 1,064,012 shares during the quarter. Cibc Asset Management's holdings in The Bank of Nova Scotia were worth $763.66 million as of its most recent filing.
The Bank of Nova Scotia Stock Down 6.0%
Shares of The Bank of Nova Scotia ($BNS) traded around $86.84 on Saturday, down 6.0% for the day.
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About The Bank of Nova Scotia
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The company was founded in 1832 and is headquartered in Toronto, Canada.
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