BNS vs. RY, TD, BMO, FFH, KEY, BNC, BLX, HUT, SII, and BITF
Should you be buying Bank of Nova Scotia stock or one of its competitors? The main competitors of Bank of Nova Scotia include Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Bank of Montreal (BMO), Fairfax Financial (FFH), Keyera (KEY), Purpose Canadian Financial Income Fund Series ETF (BNC), Boralex (BLX), Hut 8 (HUT), Sprott (SII), and Bitfarms (BITF). These companies are all part of the "banking" industry.
Bank of Nova Scotia vs. Its Competitors
Bank of Nova Scotia (TSE:BNS) and Royal Bank of Canada (TSE:RY) are both large-cap financial services companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, earnings, media sentiment, institutional ownership, analyst recommendations, profitability, dividends and risk.
Royal Bank of Canada has a net margin of 28.23% compared to Bank of Nova Scotia's net margin of 17.68%. Royal Bank of Canada's return on equity of 13.27% beat Bank of Nova Scotia's return on equity.
51.1% of Bank of Nova Scotia shares are held by institutional investors. Comparatively, 52.5% of Royal Bank of Canada shares are held by institutional investors. 0.0% of Bank of Nova Scotia shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Bank of Nova Scotia pays an annual dividend of C$4.24 per share and has a dividend yield of 5.5%. Royal Bank of Canada pays an annual dividend of C$5.68 per share and has a dividend yield of 3.2%. Bank of Nova Scotia pays out 67.0% of its earnings in the form of a dividend. Royal Bank of Canada pays out 49.5% 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 Nova Scotia has a beta of 0.97, indicating that its share price is 3% less volatile than the S&P 500. Comparatively, Royal Bank of Canada has a beta of 0.84, indicating that its share price is 16% less volatile than the S&P 500.
Bank of Nova Scotia presently has a consensus target price of C$77.62, indicating a potential upside of 1.42%. Royal Bank of Canada has a consensus target price of C$184.54, indicating a potential upside of 3.98%. Given Royal Bank of Canada's stronger consensus rating and higher possible upside, analysts clearly believe Royal Bank of Canada is more favorable than Bank of Nova Scotia.
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.
In the previous week, Bank of Nova Scotia and Bank of Nova Scotia both had 4 articles in the media. Bank of Nova Scotia's average media sentiment score of 0.39 beat Royal Bank of Canada's score of 0.00 indicating that Bank of Nova Scotia is being referred to more favorably in the media.
Summary
Royal Bank of Canada beats Bank of Nova Scotia on 14 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.
Media Sentiment Over Time
This chart shows the average media sentiment of TSE 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.
Bank of Nova Scotia Competitors List
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This page (TSE:BNS) was last updated on 8/3/2025 by MarketBeat.com Staff
