Bank of Nova Scotia Boosts Comcast Stock Holdings

The Canadian bank increased its position in the cable giant by nearly 150% in the third quarter.

Mar. 17, 2026 at 7:24am

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Bank of Nova Scotia, a major Canadian financial institution, significantly increased its stake in Comcast Corporation during the third quarter of 2025. According to a filing with the U.S. Securities and Exchange Commission, the bank acquired an additional 585,787 shares of the cable and media company, bringing its total holdings to 976,469 shares worth $30.68 million.

Why it matters

Comcast is one of the largest media and communications companies in the United States, providing cable TV, internet, and phone services to millions of customers. The increased investment by a major institutional investor like Bank of Nova Scotia suggests confidence in Comcast's long-term growth prospects, even as the company faces increased competition from streaming services and other industry shifts.

The details

Bank of Nova Scotia's increased stake in Comcast represents a 149.9% jump in its position during the third quarter. The bank now owns nearly 1 million shares of the cable giant, making it a significant institutional shareholder. Comcast's stock price has fluctuated in recent months amid broader market volatility, but the company remains a major player in the media and communications industry.

  • Bank of Nova Scotia filed the disclosure of its increased Comcast holdings on March 17, 2026.
  • The bank acquired the additional 585,787 Comcast shares during the third quarter of 2025.

The players

Bank of Nova Scotia

A major Canadian financial institution and one of the largest banks in North America.

Comcast Corporation

A diversified global media and technology company that provides cable TV, internet, and phone services in the United States.

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What they’re saying

“We must continue to monitor Comcast's performance and industry trends as we evaluate our investment strategy.”

— Unnamed Bank of Nova Scotia spokesperson (MarketBeat)

The takeaway

Bank of Nova Scotia's substantial increase in its Comcast holdings underscores the cable giant's continued importance as a major player in the evolving media and communications landscape, even as it faces new competitive challenges.