Regulatory filings from August 23, 2026, show Bank of New York Mellon Corp and Bank of Nova Scotia established significant new positions in PayPal Holdings, Inc.
Bank of New York Mellon purchased more than 5.8 million shares valued at approximately $251 million.
Bank of Nova Scotia acquired nearly 1.3 million shares during the same period.
Investor sentiment remains positive following Venmo’s expansion into college tuition payments.
PayPal is also executing a long-term strategy focused on AI-driven agentic payments.
Unconfirmed takeover speculation involving Stripe and Advent International provides additional support for the stock.