Bank of Nova Scotia (BNS) Shares Soar 4.32% in Six Days

The Bank of Nova Scotia (BNS) shares rose 0.59% today, marking the sixth consecutive day of gains, with a total increase of 4.32% over the past six days. The share price reached its highest level since March 2025, with an intraday gain of 0.79%.

One of the primary factors influencing the recent performance of The Bank of Nova Scotia's stock is its ownership interest in KeyCorp. The bank anticipates a substantial financial boost in its fiscal second quarter of 2025, with a projected net income increase of approximately CAD $62 million. When adjusted for the amortization of acquired intangible assets, this contribution is expected to be around $71 million. These projections are likely to positively impact investor sentiment and drive the stock price higher.