Bank of Nova Scotia: A High-Yield Turnaround Play?

Bank of Nova Scotia (Scotiabank) offers a high dividend yield due to its strategic focus on developing markets, which haven`t been as profitable as hoped. However, the bank is taking action by exiting weaker markets and expanding in more promising ones, including the U.S. Scotiabank`s recent investment in KeyCorp, a U.S. bank, is a significant step towards creating a dominant North American presence. While this is a long-term strategy, the bank`s decisive actions and strong financial position make it an attractive option for long-term investors seeking high dividends.