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Bank of Nova Scotia (BNS) Competitors

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$93.52 +0.68 (+0.73%)
Closing price 09/11/2026 03:58 PM Eastern
Extended Trading
$94.04 +0.52 (+0.56%)
As of 09/11/2026 07:56 PM Eastern
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BNS vs. BMO, CM, MFC, RY, and TD

Should you buy Bank of Nova Scotia stock or one of its competitors? Bank of Nova Scotia's main competitors and comparable companies include Bank Of Montreal (BMO), Canadian Imperial Bank of Commerce (CM), Manulife Financial (MFC), Royal Bank Of Canada (RY), and Toronto Dominion Bank (TD). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "finance" sector.

How does Bank of Nova Scotia compare to Bank Of Montreal?

Bank Of Montreal (NYSE:BMO) and Bank of Nova Scotia (NYSE:BNS) are both large-cap finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their valuation, institutional ownership, analyst recommendations, profitability, dividends, risk, media sentiment and earnings.

In the previous week, Bank Of Montreal had 1 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 8 mentions for Bank Of Montreal and 7 mentions for Bank of Nova Scotia. Bank Of Montreal's average media sentiment score of 0.74 beat Bank of Nova Scotia's score of 0.71 indicating that Bank Of Montreal is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bank Of Montreal
4 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bank of Nova Scotia
3 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Bank Of Montreal has higher earnings, but lower revenue than Bank of Nova Scotia. Bank of Nova Scotia is trading at a lower price-to-earnings ratio than Bank Of Montreal, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bank Of Montreal$38.50B3.16$6.22B$8.8619.75
Bank of Nova Scotia$39.39B2.89$5.56B$5.5316.91

Bank Of Montreal pays an annual dividend of $4.93 per share and has a dividend yield of 2.8%. Bank of Nova Scotia pays an annual dividend of $3.29 per share and has a dividend yield of 3.5%. Bank Of Montreal pays out 55.6% of its earnings in the form of a dividend. Bank of Nova Scotia pays out 59.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Bank Of Montreal has raised its dividend for 4 consecutive years and Bank of Nova Scotia has raised its dividend for 14 consecutive years. Bank of Nova Scotia is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Bank Of Montreal presently has a consensus target price of $163.00, suggesting a potential downside of 6.85%. Bank of Nova Scotia has a consensus target price of $117.00, suggesting a potential upside of 25.11%. Given Bank of Nova Scotia's stronger consensus rating and higher possible upside, analysts plainly believe Bank of Nova Scotia is more favorable than Bank Of Montreal.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bank Of Montreal
1 Sell rating(s)
6 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.33
Bank of Nova Scotia
0 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.86

Bank of Nova Scotia has a net margin of 13.91% compared to Bank Of Montreal's net margin of 11.72%. Bank of Nova Scotia's return on equity of 16.12% beat Bank Of Montreal's return on equity.

Company Net Margins Return on Equity Return on Assets
Bank Of Montreal11.72% 13.60% 0.71%
Bank of Nova Scotia 13.91%16.12%0.72%

45.8% of Bank Of Montreal shares are owned by institutional investors. Comparatively, 49.1% of Bank of Nova Scotia shares are owned by institutional investors. 1.0% of Bank Of Montreal shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Bank Of Montreal has a beta of 0.93, meaning that its stock price is 7% less volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.12, meaning that its stock price is 12% more volatile than the broader market.

Summary

Bank of Nova Scotia beats Bank Of Montreal on 11 of the 20 factors compared between the two stocks.

How does Bank of Nova Scotia compare to Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce (NYSE:CM) and Bank of Nova Scotia (NYSE:BNS) are both large-cap finance companies, but which is the better stock? We will compare the two companies based on the strength of their earnings, risk, analyst recommendations, profitability, institutional ownership, dividends, media sentiment and valuation.

In the previous week, Canadian Imperial Bank of Commerce and Canadian Imperial Bank of Commerce both had 7 articles in the media. Canadian Imperial Bank of Commerce's average media sentiment score of 1.30 beat Bank of Nova Scotia's score of 0.71 indicating that Canadian Imperial Bank of Commerce is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Canadian Imperial Bank of Commerce
6 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bank of Nova Scotia
3 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Canadian Imperial Bank of Commerce presently has a consensus price target of $167.00, suggesting a potential upside of 45.65%. Bank of Nova Scotia has a consensus price target of $117.00, suggesting a potential upside of 25.11%. Given Canadian Imperial Bank of Commerce's higher probable upside, equities research analysts plainly believe Canadian Imperial Bank of Commerce is more favorable than Bank of Nova Scotia.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Canadian Imperial Bank of Commerce
0 Sell rating(s)
5 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.60
Bank of Nova Scotia
0 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.86

Canadian Imperial Bank of Commerce pays an annual dividend of $3.09 per share and has a dividend yield of 2.7%. Bank of Nova Scotia pays an annual dividend of $3.29 per share and has a dividend yield of 3.5%. Canadian Imperial Bank of Commerce pays out 41.3% of its earnings in the form of a dividend. Bank of Nova Scotia pays out 59.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Canadian Imperial Bank of Commerce has raised its dividend for 14 consecutive years and Bank of Nova Scotia has raised its dividend for 14 consecutive years.

49.9% of Canadian Imperial Bank of Commerce shares are held by institutional investors. Comparatively, 49.1% of Bank of Nova Scotia shares are held by institutional investors. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Canadian Imperial Bank of Commerce has higher earnings, but lower revenue than Bank of Nova Scotia. Canadian Imperial Bank of Commerce is trading at a lower price-to-earnings ratio than Bank of Nova Scotia, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Canadian Imperial Bank of Commerce$32.17B3.25$6.02B$7.4915.31
Bank of Nova Scotia$39.39B2.89$5.56B$5.5316.91

Canadian Imperial Bank of Commerce has a beta of 1.01, suggesting that its stock price is 1% more volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.12, suggesting that its stock price is 12% more volatile than the broader market.

Canadian Imperial Bank of Commerce has a net margin of 16.09% compared to Bank of Nova Scotia's net margin of 13.91%. Canadian Imperial Bank of Commerce's return on equity of 17.02% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Canadian Imperial Bank of Commerce16.09% 17.02% 0.87%
Bank of Nova Scotia 13.91%16.12%0.72%

Summary

Canadian Imperial Bank of Commerce beats Bank of Nova Scotia on 10 of the 15 factors compared between the two stocks.

How does Bank of Nova Scotia compare to Manulife Financial?

Manulife Financial (NYSE:MFC) and Bank of Nova Scotia (NYSE:BNS) are both large-cap finance companies, but which is the better stock? We will compare the two companies based on the strength of their valuation, earnings, analyst recommendations, media sentiment, institutional ownership, dividends, risk and profitability.

Manulife Financial has a beta of 0.83, meaning that its share price is 17% less volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.12, meaning that its share price is 12% more volatile than the broader market.

Manulife Financial pays an annual dividend of $1.38 per share and has a dividend yield of 3.2%. Bank of Nova Scotia pays an annual dividend of $3.29 per share and has a dividend yield of 3.5%. Manulife Financial pays out 51.5% of its earnings in the form of a dividend. Bank of Nova Scotia pays out 59.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Manulife Financial has increased its dividend for 12 consecutive years and Bank of Nova Scotia has increased its dividend for 14 consecutive years. Bank of Nova Scotia is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

In the previous week, Bank of Nova Scotia had 1 more articles in the media than Manulife Financial. MarketBeat recorded 7 mentions for Bank of Nova Scotia and 6 mentions for Manulife Financial. Manulife Financial's average media sentiment score of 1.32 beat Bank of Nova Scotia's score of 0.71 indicating that Manulife Financial is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Manulife Financial
4 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bank of Nova Scotia
3 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Bank of Nova Scotia has lower revenue, but higher earnings than Manulife Financial. Manulife Financial is trading at a lower price-to-earnings ratio than Bank of Nova Scotia, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Manulife Financial$43.63B1.65$4.14B$2.6816.21
Bank of Nova Scotia$39.39B2.89$5.56B$5.5316.91

Manulife Financial presently has a consensus target price of $59.00, suggesting a potential upside of 35.77%. Bank of Nova Scotia has a consensus target price of $117.00, suggesting a potential upside of 25.11%. Given Manulife Financial's stronger consensus rating and higher possible upside, equities research analysts plainly believe Manulife Financial is more favorable than Bank of Nova Scotia.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Manulife Financial
0 Sell rating(s)
1 Hold rating(s)
5 Buy rating(s)
2 Strong Buy rating(s)
3.13
Bank of Nova Scotia
0 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.86

52.6% of Manulife Financial shares are held by institutional investors. Comparatively, 49.1% of Bank of Nova Scotia shares are held by institutional investors. 0.0% of Manulife Financial shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Bank of Nova Scotia has a net margin of 13.91% compared to Manulife Financial's net margin of 9.99%. Manulife Financial's return on equity of 16.68% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Manulife Financial9.99% 16.68% 0.75%
Bank of Nova Scotia 13.91%16.12%0.72%

Summary

Manulife Financial beats Bank of Nova Scotia on 11 of the 20 factors compared between the two stocks.

How does Bank of Nova Scotia compare to Royal Bank Of Canada?

Bank of Nova Scotia (NYSE:BNS) and Royal Bank Of Canada (NYSE:RY) are both large-cap finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, profitability, media sentiment, earnings, risk and valuation.

Bank of Nova Scotia currently has a consensus target price of $117.00, indicating a potential upside of 25.11%. Royal Bank Of Canada has a consensus target price of $225.00, indicating a potential upside of 9.38%. Given Bank of Nova Scotia's stronger consensus rating and higher probable upside, analysts plainly believe Bank of Nova Scotia is more favorable than Royal Bank Of Canada.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bank of Nova Scotia
0 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.86
Royal Bank Of Canada
0 Sell rating(s)
5 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.71

Royal Bank Of Canada has higher revenue and earnings than Bank of Nova Scotia. Bank of Nova Scotia is trading at a lower price-to-earnings ratio than Royal Bank Of Canada, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bank of Nova Scotia$39.39B2.89$5.56B$5.5316.91
Royal Bank Of Canada$71.06B4.01$14.54B$11.4318.00

Royal Bank Of Canada has a net margin of 16.17% compared to Bank of Nova Scotia's net margin of 13.91%. Royal Bank Of Canada's return on equity of 17.79% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Bank of Nova Scotia13.91% 16.12% 0.72%
Royal Bank Of Canada 16.17%17.79%0.97%

49.1% of Bank of Nova Scotia shares are held by institutional investors. Comparatively, 45.3% of Royal Bank Of Canada shares are held by institutional investors. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

In the previous week, Royal Bank Of Canada had 12 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 19 mentions for Royal Bank Of Canada and 7 mentions for Bank of Nova Scotia. Bank of Nova Scotia's average media sentiment score of 0.71 beat Royal Bank Of Canada's score of 0.46 indicating that Bank of Nova Scotia is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bank of Nova Scotia
3 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Royal Bank Of Canada
6 Very Positive mention(s)
2 Positive mention(s)
6 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral

Bank of Nova Scotia has a beta of 1.12, indicating that its share price is 12% more volatile than the broader market. Comparatively, Royal Bank Of Canada has a beta of 0.79, indicating that its share price is 21% less volatile than the broader market.

Bank of Nova Scotia pays an annual dividend of $3.29 per share and has a dividend yield of 3.5%. Royal Bank Of Canada pays an annual dividend of $5.08 per share and has a dividend yield of 2.5%. Bank of Nova Scotia pays out 59.5% of its earnings in the form of a dividend. Royal Bank Of Canada pays out 44.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Bank of Nova Scotia has raised its dividend for 14 consecutive years and Royal Bank Of Canada has raised its dividend for 15 consecutive years.

Summary

Royal Bank Of Canada beats Bank of Nova Scotia on 12 of the 18 factors compared between the two stocks.

How does Bank of Nova Scotia compare to Toronto Dominion Bank?

Bank of Nova Scotia (NYSE:BNS) and Toronto Dominion Bank (NYSE:TD) are both large-cap finance companies, but which is the better stock? We will compare the two companies based on the strength of their dividends, valuation, analyst recommendations, profitability, risk, media sentiment, earnings and institutional ownership.

49.1% of Bank of Nova Scotia shares are owned by institutional investors. Comparatively, 52.4% of Toronto Dominion Bank shares are owned by institutional investors. 0.1% of Toronto Dominion Bank shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Toronto Dominion Bank has higher revenue and earnings than Bank of Nova Scotia. Bank of Nova Scotia is trading at a lower price-to-earnings ratio than Toronto Dominion Bank, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bank of Nova Scotia$39.39B2.89$5.56B$5.5316.91
Toronto Dominion Bank$65.07B3.06$14.66B$6.7317.97

Bank of Nova Scotia pays an annual dividend of $3.29 per share and has a dividend yield of 3.5%. Toronto Dominion Bank pays an annual dividend of $3.23 per share and has a dividend yield of 2.7%. Bank of Nova Scotia pays out 59.5% of its earnings in the form of a dividend. Toronto Dominion Bank pays out 48.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Bank of Nova Scotia has raised its dividend for 14 consecutive years and Toronto Dominion Bank has raised its dividend for 12 consecutive years. Bank of Nova Scotia is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Bank of Nova Scotia has a beta of 1.12, indicating that its stock price is 12% more volatile than the broader market. Comparatively, Toronto Dominion Bank has a beta of 0.73, indicating that its stock price is 27% less volatile than the broader market.

Bank of Nova Scotia currently has a consensus price target of $117.00, indicating a potential upside of 25.11%. Toronto Dominion Bank has a consensus price target of $156.00, indicating a potential upside of 28.96%. Given Toronto Dominion Bank's higher probable upside, analysts clearly believe Toronto Dominion Bank is more favorable than Bank of Nova Scotia.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bank of Nova Scotia
0 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.86
Toronto Dominion Bank
0 Sell rating(s)
4 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.67

Toronto Dominion Bank has a net margin of 14.41% compared to Bank of Nova Scotia's net margin of 13.91%. Bank of Nova Scotia's return on equity of 16.12% beat Toronto Dominion Bank's return on equity.

Company Net Margins Return on Equity Return on Assets
Bank of Nova Scotia13.91% 16.12% 0.72%
Toronto Dominion Bank 14.41%14.88%0.81%

In the previous week, Toronto Dominion Bank had 3 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 10 mentions for Toronto Dominion Bank and 7 mentions for Bank of Nova Scotia. Toronto Dominion Bank's average media sentiment score of 0.74 beat Bank of Nova Scotia's score of 0.71 indicating that Toronto Dominion Bank is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bank of Nova Scotia
3 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Toronto Dominion Bank
4 Very Positive mention(s)
2 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Toronto Dominion Bank beats Bank of Nova Scotia on 13 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding BNS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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BNS vs. The Competition

MetricBank of Nova ScotiaBanks IndustryFinance SectorNYSE Exchange
Market Cap$113.15B$23.87B$14.01B$23.20B
Dividend Yield3.48%3.17%5.94%3.56%
P/E Ratio16.9227.1925.6728.69
Price / Sales2.899.72509.64102.56
Price / Cash14.6816.1340.1633.82
Price / Book5.261.392.754.74
Net Income$5.56B$2.58B$1.32B$1.07B
7 Day Performance-0.23%-0.52%-1.17%-1.99%
1 Month Performance3.57%-0.02%0.26%-2.68%
1 Year Performance47.53%23.58%9.27%10.45%

Bank of Nova Scotia Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BNS
Bank of Nova Scotia
4.9033 of 5 stars
$93.52
+0.7%
$117.00
+25.1%
+45.6%$113.15B$39.39B16.9286,431
BMO
Bank Of Montreal
3.5417 of 5 stars
$175.10
+0.8%
$163.00
-6.9%
+38.0%$121.71B$55.92B19.7653,234
CM
Canadian Imperial Bank of Commerce
4.7197 of 5 stars
$114.80
+0.3%
$167.00
+45.5%
+44.2%$104.78B$44.36B15.3349,824
MFC
Manulife Financial
4.9809 of 5 stars
$43.51
+0.1%
$59.00
+35.6%
+36.7%$72.19B$43.63B16.2337,000
RY
Royal Bank Of Canada
4.4933 of 5 stars
$206.34
+0.2%
$225.00
+9.0%
+41.8%$286.11B$98.11B18.0596,628

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This page (NYSE:BNS) was last updated on 9/12/2026 by MarketBeat.com Staff.
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