BNS vs. BMO, CM, NA, TD, TRI, MFC, SLF, GWO, IFC, and FFH
Should you be buying Bank of Nova Scotia stock or one of its competitors? The main competitors of Bank of Nova Scotia include Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CM), National Bank of Canada (NA), Toronto-Dominion Bank (TD), Thomson Reuters (TRI), Manulife Financial (MFC), Sun Life Financial (SLF), Great-West Lifeco (GWO), Intact Financial (IFC), and Fairfax Financial (FFH). These companies are all part of the "finance" sector.
Bank of Nova Scotia vs.
Bank of Nova Scotia (TSE:BNS) and Bank of Montreal (TSE:BMO) are both large-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, earnings, media sentiment, valuation, profitability, community ranking, dividends, risk and analyst recommendations.
Bank of Nova Scotia has a beta of 0.94, indicating that its stock price is 6% less volatile than the S&P 500. Comparatively, Bank of Montreal has a beta of 1.13, indicating that its stock price is 13% more volatile than the S&P 500.
Bank of Nova Scotia currently has a consensus price target of C$72.60, indicating a potential upside of 8.82%. Bank of Montreal has a consensus price target of C$137.06, indicating a potential upside of 17.49%. Given Bank of Montreal's stronger consensus rating and higher probable upside, analysts plainly believe Bank of Montreal is more favorable than Bank of Nova Scotia.
50.5% of Bank of Nova Scotia shares are owned by institutional investors. Comparatively, 54.5% of Bank of Montreal shares are owned by institutional investors. 0.0% of Bank of Nova Scotia shares are owned by insiders. Comparatively, 0.0% of Bank of Montreal shares are owned by 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 Nova Scotia pays an annual dividend of C$4.24 per share and has a dividend yield of 6.4%. Bank of Montreal pays an annual dividend of C$5.72 per share and has a dividend yield of 4.9%. Bank of Nova Scotia pays out 58.6% of its earnings in the form of a dividend. Bank of Montreal pays out 28.6% 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.
In the previous week, Bank of Nova Scotia and Bank of Nova Scotia both had 23 articles in the media. Bank of Montreal's average media sentiment score of 0.15 beat Bank of Nova Scotia's score of -0.05 indicating that Bank of Montreal is being referred to more favorably in the news media.
Bank of Montreal has higher revenue and earnings than Bank of Nova Scotia. Bank of Montreal 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.
Bank of Montreal has a net margin of 40.56% compared to Bank of Nova Scotia's net margin of 0.00%. Bank of Montreal's return on equity of 21.06% beat Bank of Nova Scotia's return on equity.
Bank of Montreal received 139 more outperform votes than Bank of Nova Scotia when rated by MarketBeat users. However, 57.50% of users gave Bank of Nova Scotia an outperform vote while only 52.33% of users gave Bank of Montreal an outperform vote.
Summary
Bank of Montreal beats Bank of Nova Scotia on 14 of the 18 factors compared between the two stocks.
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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