The Bank of Nova Scotia (NYSE:BNS) Q1 2026 Earnings call February 24, 2026 08:00 AM ET Company ParticipantsAris Bogdaneris - Group Head, Canadian BankingEbrahim Poonawala - Head Managing Director of American Banks ResearchFrancisco Aristeguieta - Group Head, International & Global Transaction BankingGabriel Dechaine - Managing Director, Equity ResearchMeny Grauman - Head of Investor RelationsRajagopal Viswanathan - CFOScott Thomson - CEOShannon McGinnis - Chief Risk OfficerTravis Manchin - Managing Director ...

The Bank of Nova Scotia (NYSE:BNS) Q1 2026 Earnings call February 24, 2026 08:00 AM ET Speaker12Ladies and gentlemen, this conference is being recorded.Speaker10Good morning, welcome to Scotiabank's Q1 2026 results presentation. My name is Meny Grauman, and I'm Head of Investor Relations. Presenting to you this morning are Scott Thomson, Scotiabank's President and Chief Executive Officer, Rajagopal Viswanathan, our Chief Financial Officer, and Shannon McGinnis, our Chief Risk Officer. Following our comments ...

Gold: Like Treasury bonds, gold saw solid buying on Monday as investors continued to add to safe-haven positions. The bullion finished Monday's trading at $5,227, up 2.38%. Worries over the Middle East, plus UBS raising its target price for Gold to $6,200 by the middle of 2026, added to the tailwind that was already pushing the commodity higher. Silver was the big winner Monday, closing up 4.23% at $88.10. Crypto: Cryptocurrency prices fell sharply early on Monday, with Bitcoin dropping 3% to 5% over the co ...

KeyCorp (NYSE:KEY) is among the 15 Undervalued Momentum Stocks That Are Taking Off. In a recent note, JPMorgan analysts shared their constructive macro view on the large-cap banking space. With that supportive backdrop, the firm lifted its price target on KeyCorp (NYSE:KEY) to $24.50 from $22 on February 9, while maintaining a Neutral rating, according to The Fly. The firm revised its sector targets to reflect expectations for two rate cuts, with long-term yields likely to remain elevated amid continued i ...

The PNC Financial Services Group Inc. (NYSE:PNC) is among the 15 Undervalued Momentum Stocks That Are Taking Off. According to a February 9 report from The Fly, JPMorgan raised its price target on The PNC Financial Services Group Inc. (NYSE:PNC) from $228.50 to $251. The firm also maintained an Overweight rating as it continues to have a constructive outlook on large-cap banks. The firm updated its sector estimates to reflect expectations of two rate cuts, while expecting long-term yields to “remain stick ...

A tokenized deposit network built by five banks and a blockchain-based platform led by former Comptroller of the Currency Gene Ludwig is expected to be available to the banks’ customers in the fourth quarter, Bloomberg reported Wednesday (Feb. 18).By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Capital One is far from alone in seeking to handle banking needs for middle-market businesses. But the lender’s commercial banking president says that focus won’t change, whereas bigger bank rivals are prone to swing their attention back to large corporate companies when lending activity there revs up. “The large corporate space gets absolutely fantastic coverage a ...

Core Viewpoint - Soros Fund Management made significant adjustments to its investment portfolio in the fourth quarter, focusing on increasing exposure to tech giants while engaging in "buy high, sell low" strategies for energy and cryptocurrency stocks [1]. Group 1: Technology Sector Investments - The fund substantially increased its holdings in core technology stocks, including adding 161,000 shares of Microsoft (MSFT.US), 118,000 shares of Nvidia (NVDA.US), and approximately 66,000 shares of Apple [3]. - In the software and mobility sectors, the fund also increased its positions by acquiring approximately 216,000 shares of Atlassian (TEAM.US), 55,000 shares of Salesforce (CRM.US), and 119,000 shares of Uber (UBER.US) [3]. Group 2: Defensive and Growth Investments - In the defensive sector and consumer space, the fund increased its holdings in utility company Exelon (EXC.US) by approximately 488,000 shares and in gaming giant Electronic Arts (EA.US) by about 318,000 shares [3]. Group 3: Reduction in High Volatility and Financial Stocks - The fund reduced its positions in high-volatility and financial stocks, significantly cutting approximately 168,000 shares of Snowflake (SNOW.US) [4]. - It also reduced its holdings in Circle Internet Group (CRCL.US) by about 151,000 shares and in Interactive Brokers (IBKR.US) by approximately 813,000 shares, indicating a cautious stance towards the financial brokerage sector [5][6]. Group 4: New Positions and Exits - The fund opened new positions by purchasing gold-related assets such as New Gold (NGD.US) and established positions in DigitalBridge (DBRG.US), Blue Owl Capital (OWL.US), Exact Sciences (EXAS.US), and Xcel Energy (XEL.US) [7]. - It completely exited positions in KeyCorp (KEY.US), CareTrust REIT (CTRE.US), Cipher Mining (CIFR.US), and KKR & Co. (KKR.US), indicating a shift away from traditional banking and certain cryptocurrency mining stocks towards more stable or defensive sectors [7]. Group 5: Overall Strategy - The overall strategy of Soros Fund Management in the fourth quarter reflects a clear approach: embracing AI and core tech assets like Microsoft and Nvidia while avoiding high-volatility cloud and data companies like Snowflake, and hedging against macroeconomic uncertainties by investing in gold stocks. This "pick and choose" adjustment strategy highlights the pursuit of certainty and safety margins amid global economic uncertainties [7].

Group 1: Prospera Financial Services - Prospera Financial Services has promoted Paul Keeton to Chief Investment Officer, overseeing $28 billion in client assets [2] - Keeton will lead investment services including alternatives, fixed-income, annuity offerings, and proprietary research [2] - Keeton joined Prospera in 2017, previously working at Dorsey, Wright & Associates for 20 years, where he developed various investment solutions [4] Group 2: KeyBank - KeyBank has added a five-person family office and private capital team to enhance its middle market client offerings [5] - The new division is led by Ward Nixon, who specializes in family office and private equity sponsor finance [5][6] - KeyBank aims to strengthen relationships with family offices and private equity investors, recognizing their influence in capital deployment and strategic decision-making [6][7] Group 3: American Beacon Partners - American Beacon Partners has appointed Tim McGeeney as head of investment product development, managing $83 billion in assets under management [9]

KeyCorp 2026 Conference Summary Company Overview - **Company**: KeyCorp (NYSE: KEY) - **Event**: 2026 Conference - **Date**: February 10, 2026 Key Points Industry and Market Position - KeyCorp is well-positioned in the banking industry, benefiting from the largest interest rate hiking cycle in 60 years, which began in 2022 [6] - The company raised $2.8 billion in capital in 2024, using half to reposition its balance sheet, resulting in positive outcomes [6] - The investment banking sector had a strong performance, with a 23% increase in net interest income (NII) and a 44% growth in pre-provision net revenue (PP&R) in 2025 [7] Financial Performance - KeyCorp's investment banking had its second-best year, with M&A activity expected to increase in the middle market [7][8] - The company grew its commercial client base by 4% in 2025, indicating a focus on client growth rather than just loan and deposit metrics [9] - Consumer health is strong, with non-interest-bearing accounts holding 25% more cash than pre-pandemic levels and a 5% increase in consumer spending [10] Growth and Hiring - KeyCorp plans to hire 10% more bankers across three key areas: Mass Affluent, middle market payments, and investment banking [11] - A record loan backlog is reported, with overall loan backlogs up 20% and middle market backlogs up 50% [12] Economic Outlook - Loan growth is anticipated to continue, with $600 million in loans and $900 million in commercial and industrial (C&I) loans added from the end of 2025 to January 2026 [16] - The company is optimistic about capital expenditures (CapEx) benefiting from new tax incentives, with 60% of customers indicating positive expectations [18][19] Sector Focus - KeyCorp sees significant activity in power and renewables, healthcare, and basic industrial sectors, with expectations for consolidation in healthcare [29][30] Deposit Growth Strategy - KeyCorp has $88 billion in core retail deposits, focusing on the mass affluent segment, which has been largely ignored by competitors [34] - The Western U.S. market is seen as a growth opportunity due to faster household growth and a favorable competitive landscape [35][36] Technology and Investment - KeyCorp is investing heavily in technology, with planned expenditures increasing from $800 million in 2024 to $1 billion in 2026 [41] - The bank is modernizing its systems and focusing on AI to improve efficiency and customer experience [42] Credit Quality and Risks - KeyCorp maintains a conservative credit approach, with a super prime consumer book and low charge-off rates [13] - Areas of concern include leveraged finance and healthcare, with ongoing monitoring of specific sectors [61][62] Regulatory Environment - The company is adapting to regulatory changes but does not anticipate significant operational shifts [58] - There is a focus on reducing duplicative regulatory audits to free up management bandwidth [59] M&A and Competitive Landscape - KeyCorp does not see a need for bank M&A, focusing instead on organic growth opportunities [70] - The current market environment presents opportunities for disruption and talent acquisition without engaging in costly acquisitions [71] Future Financial Targets - KeyCorp aims for a return on tangible common equity (ROTCE) of 15% by the end of 2027, with long-term goals of 16%-19% [47][48] This summary encapsulates the key insights and strategic directions discussed during the KeyCorp conference, highlighting the company's robust position in the banking sector and its proactive approach to growth and technology investment.