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Bank of Nova Scotia Boosts Stake in PNC Financial Services
The Canadian bank increased its holdings in the U.S. financial services provider by 48.2% in the third quarter.
Mar. 17, 2026 at 7:34am
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Bank of Nova Scotia raised its holdings in The PNC Financial Services Group, Inc. by 48.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm now owns 141,957 shares of the financial services provider's stock after buying an additional 46,171 shares during the period.
Why it matters
This move by Bank of Nova Scotia, one of Canada's largest banks, suggests growing institutional investor confidence in PNC Financial Services, a major U.S. regional bank with a strong presence in the Northeast and Mid-Atlantic regions.
The details
Bank of Nova Scotia's holdings in The PNC Financial Services Group were worth $28,523,000 as of its most recent SEC filing. Several other major institutional investors have also modified their holdings of PNC, including Vanguard Group, Capital International Investors, and Viking Global Investors.
- Bank of Nova Scotia raised its PNC holdings in the 3rd quarter of 2025.
The players
Bank of Nova Scotia
One of Canada's largest banks and a major institutional investor.
The PNC Financial Services Group, Inc.
A diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services.
The takeaway
This move by Bank of Nova Scotia highlights the continued institutional investor interest in PNC Financial Services, a regional banking powerhouse, as it navigates the evolving financial services landscape.
