BNS vs. RY, TD, BMO, FFH, KEY, HUT, BNC, SII, BLX, 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), Hut 8 (HUT), Purpose Canadian Financial Income Fund Series ETF (BNC), Sprott (SII), Boralex (BLX), and Bitfarms (BITF). These companies are all part of the "banking" industry.
Bank of Nova Scotia vs. Its Competitors
Royal Bank of Canada (TSE:RY) and Bank of Nova Scotia (TSE:BNS) are both large-cap financial services companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, valuation, analyst recommendations, media sentiment, institutional ownership, earnings, dividends and profitability.
Royal Bank of Canada has a beta of 1.241893, indicating that its share price is 24% more volatile than the S&P 500. Comparatively, Bank of Nova Scotia has a beta of 1.29545, indicating that its share price is 30% more volatile than the S&P 500.
29.6% of Royal Bank of Canada shares are held by institutional investors. Comparatively, 25.3% of Bank of Nova Scotia shares are held by institutional investors. 0.0% of Bank of Nova Scotia shares are held by company 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.
Royal Bank of Canada has higher revenue and earnings than Bank of Nova Scotia. Royal Bank of Canada 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.
Royal Bank of Canada currently has a consensus price target of C$206.00, indicating a potential upside of 1.41%. Bank of Nova Scotia has a consensus price target of C$85.85, indicating a potential downside of 3.44%. Given Royal Bank of Canada's stronger consensus rating and higher possible upside, equities analysts plainly believe Royal Bank of Canada is more favorable than Bank of Nova Scotia.
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.
In the previous week, Royal Bank of Canada had 2 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 7 mentions for Royal Bank of Canada and 5 mentions for Bank of Nova Scotia. Royal Bank of Canada's average media sentiment score of 0.50 beat Bank of Nova Scotia's score of 0.28 indicating that Royal Bank of Canada is being referred to more favorably in the media.
Royal Bank of Canada pays an annual dividend of C$5.92 per share and has a dividend yield of 2.9%. Bank of Nova Scotia pays an annual dividend of C$4.28 per share and has a dividend yield of 4.8%. Royal Bank of Canada pays out 44.8% of its earnings in the form of a dividend. Bank of Nova Scotia pays out 81.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
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 10/9/2025 by MarketBeat.com Staff
