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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  The Bank of Nova Scotia    BNS   CA0641491075

THE BANK OF NOVA SCOTIA

(BNS)
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Bank of Nova Scotia : Scotiabank announces new branch in Niagara Falls

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10/29/2019 | 08:01am EST

Proud to expand footprint with the opening of a new branch in McLeod Square in 2020

TORONTO, Oct. 29, 2019 /CNW/ - Scotiabank is proud to be growing its presence in the Niagara Region with the opening of a new branch in Niagara Falls. The new McLeod Square branch is currently under development and is expected to open in late 2020 at the southwest corner of Montrose Road and McLeod Road.

Scotiabank (CNW Group/Scotiabank)

The new branch will be equipped with the latest tools and technology to provide customers with an enhanced in-branch experience and personalized advice from a dedicated team of Scotiabank advisors. The branch will serve clients six days a week, including Saturdays, and will include a 24-hour drive-through ABM and free WIFI in-branch, providing customers with more ways to bank with Scotiabank. Scotiabank currently has one other branch in Niagara Falls, located at Thorold Stone & Portage.

"There is so much opportunity in the Niagara Region" said Noelle Urquhart, District Vice President, Niagara-Brantford District for Scotiabank. "With over 14 million tourists from all over the world visiting each year, we're excited to be expanding our presence in this community and contributing to its growth and development."

Scotiabank is deeply committed to the Niagara region and has been an active part of the community through charitable donations and philanthropic activities. In 2019 alone, Scotiabank contributed $170,000 in donations and sponsorships for a number of organizations and initiatives in the Niagara region, including Brock University, United Way of St. Catharines, the Terry Fox Foundation and the Shaw Festival Theatre Foundation.

About Scotiabank
Scotiabank is Canada's international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 100,000 employees and assets of over $1 trillion (as at July 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank

© Canada Newswire, source Canada Newswire English

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Financials (CAD)
Sales 2020 32 470 M
EBIT 2020 15 709 M
Net income 2020 8 786 M
Debt 2020 -
Yield 2020 4,90%
P/E ratio 2020 10,1x
P/E ratio 2021 9,77x
Capi. / Sales2020 2,82x
Capi. / Sales2021 2,69x
Capitalization 91 466 M
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 77,93  CAD
Last Close Price 75,21  CAD
Spread / Highest target 9,03%
Spread / Average Target 3,62%
Spread / Lowest Target -8,26%
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NameTitle
Brian Johnston Porter President, CEO & Non-Independent Director
Aaron William Regent Chairman
Loretta Marcoccia Chief Operating Officer, EVP-Global Banking
Rajagopal Viswanathan Chief Financial Officer & Executive Vice President
Michael Zerbs Chief Technology Officer & Group Head
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