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Bank of Nova Scotia (BNS) Competitors

Bank of Nova Scotia logo
C$122.95 +0.51 (+0.42%)
As of 06/29/2026 04:00 PM Eastern

BNS vs. RY, TD, BMO, FFH, and HUT

Should you buy Bank of Nova Scotia stock or one of its competitors? MarketBeat compares Bank of Nova Scotia with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Bank of Nova Scotia include Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Bank of Montreal (BMO), Fairfax Financial (FFH), and Hut 8 (HUT). These companies are all part of the "banking" industry.

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

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

Royal Bank of Canada has a net margin of 18.40% compared to Bank of Nova Scotia's net margin of 15.64%. Royal Bank of Canada's return on equity of 15.95% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Royal Bank of Canada18.40% 15.95% 0.80%
Bank of Nova Scotia 15.64%11.06%0.55%

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
Royal Bank of CanadaC$69.51B5.82C$16.24BC$15.3818.91
Bank of Nova ScotiaC$38.40B3.93C$7.73BC$7.2516.96

31.0% of Royal Bank of Canada shares are held by institutional investors. Comparatively, 27.5% 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 hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Royal Bank of Canada currently has a consensus price target of C$260.81, suggesting a potential downside of 10.34%. Bank of Nova Scotia has a consensus price target of C$110.77, suggesting a potential downside of 9.91%. Given Bank of Nova Scotia's higher possible 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
Royal Bank of Canada
0 Sell rating(s)
3 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.83
Bank of Nova Scotia
0 Sell rating(s)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.10

In the previous week, Royal Bank of Canada had 11 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 15 mentions for Royal Bank of Canada and 4 mentions for Bank of Nova Scotia. Bank of Nova Scotia's average media sentiment score of 0.41 beat Royal Bank of Canada's score of -0.64 indicating that Bank of Nova Scotia is being referred to more favorably in the news media.

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

Royal Bank of Canada has a beta of 1.084839, meaning that its stock price is 8% more volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.321602, meaning that its stock price is 32% more volatile than the broader market.

Royal Bank of Canada pays an annual dividend of C$6.36 per share and has a dividend yield of 2.2%. Bank of Nova Scotia pays an annual dividend of C$4.40 per share and has a dividend yield of 3.6%. Royal Bank of Canada pays out 41.4% of its earnings in the form of a dividend. Bank of Nova Scotia pays out 60.7% 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.

Summary

Royal Bank of Canada beats Bank of Nova Scotia on 14 of the 19 factors compared between the two stocks.

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

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

27.5% of Bank of Nova Scotia shares are held by institutional investors. Comparatively, 33.1% of Toronto-Dominion Bank shares are held by institutional investors. 0.0% of Bank of Nova Scotia shares are held by insiders. Comparatively, 0.1% of Toronto-Dominion Bank shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Bank of Nova Scotia presently has a consensus target price of C$110.77, suggesting a potential downside of 9.91%. Toronto-Dominion Bank has a consensus target price of C$150.08, suggesting a potential downside of 12.24%. Given Bank of Nova Scotia's higher possible upside, equities research analysts clearly believe Bank of Nova Scotia is more favorable than Toronto-Dominion Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bank of Nova Scotia
0 Sell rating(s)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.10
Toronto-Dominion Bank
1 Sell rating(s)
2 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.60

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 ScotiaC$38.40B3.93C$7.73BC$7.2516.96
Toronto-Dominion BankC$63.78B4.43C$8.88BC$8.5220.07

In the previous week, Bank of Nova Scotia had 1 more articles in the media than Toronto-Dominion Bank. MarketBeat recorded 4 mentions for Bank of Nova Scotia and 3 mentions for Toronto-Dominion Bank. Bank of Nova Scotia's average media sentiment score of 0.41 beat Toronto-Dominion Bank's score of 0.00 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
1 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Toronto-Dominion Bank
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Bank of Nova Scotia pays an annual dividend of C$4.40 per share and has a dividend yield of 3.6%. Toronto-Dominion Bank pays an annual dividend of C$4.26 per share and has a dividend yield of 2.5%. Bank of Nova Scotia pays out 60.7% of its earnings in the form of a dividend. Toronto-Dominion Bank pays out 50.0% 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 a net margin of 15.64% compared to Toronto-Dominion Bank's net margin of 13.21%. Toronto-Dominion Bank's return on equity of 11.85% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Bank of Nova Scotia15.64% 11.06% 0.55%
Toronto-Dominion Bank 13.21%11.85%0.43%

Bank of Nova Scotia has a beta of 1.321602, indicating that its stock price is 32% more volatile than the broader market. Comparatively, Toronto-Dominion Bank has a beta of 0.922072, indicating that its stock price is 8% less volatile than the broader market.

Summary

Toronto-Dominion Bank beats Bank of Nova Scotia on 11 of the 18 factors compared between the two stocks.

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

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

Bank of Nova Scotia presently has a consensus price target of C$110.77, suggesting a potential downside of 9.91%. Bank of Montreal has a consensus price target of C$224.54, suggesting a potential downside of 10.23%. Given Bank of Nova Scotia's higher probable upside, research 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 Nova Scotia
0 Sell rating(s)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.10
Bank of Montreal
1 Sell rating(s)
4 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.45

Bank of Nova Scotia has a beta of 1.321602, indicating that its stock price is 32% more volatile than the broader market. Comparatively, Bank of Montreal has a beta of 1.258984, indicating that its stock price is 26% more volatile than the broader market.

In the previous week, Bank of Montreal had 3 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 7 mentions for Bank of Montreal and 4 mentions for Bank of Nova Scotia. Bank of Nova Scotia's average media sentiment score of 0.41 beat Bank of Montreal's score of -0.11 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
1 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Bank of Montreal
1 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Bank of Nova Scotia pays an annual dividend of C$4.40 per share and has a dividend yield of 3.6%. Bank of Montreal pays an annual dividend of C$6.60 per share and has a dividend yield of 2.6%. Bank of Nova Scotia pays out 60.7% of its earnings in the form of a dividend. Bank of Montreal pays out 50.7% 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.

27.5% of Bank of Nova Scotia shares are owned by institutional investors. Comparatively, 30.7% of Bank of Montreal shares are owned by institutional investors. 0.0% of Bank of Nova Scotia shares are owned by company insiders. Comparatively, 0.0% of Bank of Montreal shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Bank of Nova Scotia has a net margin of 15.64% compared to Bank of Montreal's net margin of 12.63%. Bank of Montreal's return on equity of 11.25% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Bank of Nova Scotia15.64% 11.06% 0.55%
Bank of Montreal 12.63%11.25%0.50%

Bank of Nova Scotia has higher revenue and earnings than Bank of Montreal. 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 Nova ScotiaC$38.40B3.93C$7.73BC$7.2516.96
Bank of MontrealC$37.54B4.70C$7.28BC$13.0219.21

Summary

Bank of Montreal beats Bank of Nova Scotia on 9 of the 17 factors compared between the two stocks.

How does Bank of Nova Scotia compare to Fairfax Financial?

Bank of Nova Scotia (TSE:BNS) and Fairfax Financial (TSE:FFH) are both large-cap financial services 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.

27.5% of Bank of Nova Scotia shares are held by institutional investors. Comparatively, 34.4% of Fairfax Financial shares are held by institutional investors. 0.0% of Bank of Nova Scotia shares are held by company insiders. Comparatively, 3.8% of Fairfax Financial shares are held by company insiders. 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.

Bank of Nova Scotia has a beta of 1.321602, indicating that its share price is 32% more volatile than the broader market. Comparatively, Fairfax Financial has a beta of 0.356701, indicating that its share price is 64% less volatile than the broader market.

Bank of Nova Scotia has a net margin of 15.64% compared to Fairfax Financial's net margin of 15.41%. Fairfax Financial's return on equity of 17.32% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Bank of Nova Scotia15.64% 11.06% 0.55%
Fairfax Financial 15.41%17.32%4.27%

Bank of Nova Scotia has higher revenue and earnings than Fairfax Financial. Fairfax 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
Bank of Nova ScotiaC$38.40B3.93C$7.73BC$7.2516.96
Fairfax FinancialC$29.34B1.64C$2.94BC$202.1911.53

Bank of Nova Scotia currently has a consensus target price of C$110.77, indicating a potential downside of 9.91%. Fairfax Financial has a consensus target price of C$2,730.14, indicating a potential upside of 17.06%. Given Fairfax Financial's stronger consensus rating and higher probable upside, analysts plainly believe Fairfax Financial 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)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.10
Fairfax Financial
0 Sell rating(s)
4 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.50

In the previous week, Fairfax Financial had 2 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 6 mentions for Fairfax Financial and 4 mentions for Bank of Nova Scotia. Bank of Nova Scotia's average media sentiment score of 0.41 beat Fairfax Financial's score of -0.19 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
1 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Fairfax Financial
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral

Bank of Nova Scotia pays an annual dividend of C$4.40 per share and has a dividend yield of 3.6%. Fairfax Financial pays an annual dividend of C$15.00 per share and has a dividend yield of 0.6%. Bank of Nova Scotia pays out 60.7% of its earnings in the form of a dividend. Fairfax Financial pays out 7.4% 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.

Summary

Fairfax Financial beats Bank of Nova Scotia on 10 of the 18 factors compared between the two stocks.

How does Bank of Nova Scotia compare to Hut 8?

Hut 8 (TSE:HUT) and Bank of Nova Scotia (TSE:BNS) are both large-cap financial services companies, but which is the superior stock? We will compare the two businesses based on the strength of their earnings, analyst recommendations, valuation, risk, media sentiment, dividends, institutional ownership and profitability.

37.2% of Hut 8 shares are held by institutional investors. Comparatively, 27.5% of Bank of Nova Scotia shares are held by institutional investors. 60.2% of Hut 8 shares are held by insiders. Comparatively, 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 has a net margin of 15.64% compared to Hut 8's net margin of -109.77%. Bank of Nova Scotia's return on equity of 11.06% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-109.77% -20.57% -4.25%
Bank of Nova Scotia 15.64%11.06%0.55%

Bank of Nova Scotia has higher revenue and earnings than Hut 8. Hut 8 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
Hut 8C$284.32M66.53C$193.22M-C$2.82N/A
Bank of Nova ScotiaC$38.40B3.93C$7.73BC$7.2516.96

Hut 8 has a beta of 4.581835, suggesting that its share price is 358% more volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.321602, suggesting that its share price is 32% more volatile than the broader market.

In the previous week, Bank of Nova Scotia had 3 more articles in the media than Hut 8. MarketBeat recorded 4 mentions for Bank of Nova Scotia and 1 mentions for Hut 8. Bank of Nova Scotia's average media sentiment score of 0.41 beat Hut 8's score of -0.02 indicating that Bank of Nova Scotia is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hut 8
0 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Bank of Nova Scotia
1 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Bank of Nova Scotia has a consensus target price of C$110.77, indicating a potential downside of 9.91%. Given Bank of Nova Scotia's higher probable upside, analysts plainly believe Bank of Nova Scotia is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
2 Strong Buy rating(s)
3.67
Bank of Nova Scotia
0 Sell rating(s)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.10

Summary

Bank of Nova Scotia beats Hut 8 on 10 of the 16 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 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.
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BNS vs. The Competition

MetricBank of Nova ScotiaBanks IndustryFinancial SectorTSE Exchange
Market CapC$150.75BC$155.27BC$6.06BC$12.15B
Dividend Yield3.72%3.75%5.25%6.19%
P/E Ratio16.9620.3429.2835.84
Price / Sales3.9390.431,098.1810.12
Price / Cash0.201.3648.6082.29
Price / Book1.711.876.544.45
Net IncomeC$7.73BC$10.30BC$1.13BC$299.09M
7 Day Performance0.24%-0.54%0.13%-0.08%
1 Month Performance11.15%4.38%0.01%-2.43%
1 Year Performance63.28%44.86%17.62%36.78%

Bank of Nova Scotia Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BNS
Bank of Nova Scotia
1.7175 of 5 stars
C$122.95
+0.4%
C$110.77
-9.9%
+63.6%C$150.75BC$38.40B16.9691,000
RY
Royal Bank of Canada
1.9807 of 5 stars
C$286.80
+1.0%
C$260.81
-9.1%
+63.7%C$398.56BC$69.51B18.6591,400
TD
Toronto-Dominion Bank
1.6713 of 5 stars
C$169.25
0.0%
C$150.08
-11.3%
+72.0%C$279.61BC$63.78B19.8793,700
BMO
Bank of Montreal
2.4779 of 5 stars
C$245.30
+1.2%
C$224.54
-8.5%
+67.2%C$172.92BC$37.54B18.8446,700
FFH
Fairfax Financial
3.0602 of 5 stars
C$2,234.93
-0.2%
C$2,793.50
+25.0%
-4.4%C$46.09BC$29.34B11.0519,300

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This page (TSE:BNS) was last updated on 6/30/2026 by MarketBeat.com Staff.
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