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Bank of Nova Scotia (BNS) Competitors

Bank of Nova Scotia logo
C$122.41 -2.87 (-2.29%)
As of 04:00 PM Eastern

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

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 Keyera (KEY). 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 better stock? We will compare the two companies based on the strength of their institutional ownership, analyst recommendations, valuation, profitability, dividends, earnings, media sentiment and risk.

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.

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$69.51B5.91C$16.24BC$15.3819.23
Bank of Nova ScotiaC$38.40B3.91C$7.73BC$7.2516.88

Royal Bank of Canada has a beta of 1.053282, indicating that its stock price is 5% more volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.289782, indicating that its stock price is 29% more volatile than the broader market.

Royal Bank of Canada presently has a consensus target price of C$262.96, suggesting a potential downside of 11.09%. Bank of Nova Scotia has a consensus target price of C$111.54, suggesting a potential downside of 8.88%. 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

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%

31.0% of Royal Bank of Canada shares are owned by institutional investors. Comparatively, 27.6% of Bank of Nova Scotia shares are owned by institutional investors. 0.0% of Bank of Nova Scotia shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

In the previous week, Bank of Nova Scotia had 1 more articles in the media than Royal Bank of Canada. MarketBeat recorded 4 mentions for Bank of Nova Scotia and 3 mentions for Royal Bank of Canada. Royal Bank of Canada's average media sentiment score of 0.71 beat Bank of Nova Scotia's score of 0.50 indicating that Royal Bank of Canada is being referred to more favorably in the media.

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

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?

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

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
Toronto-Dominion Bank13.21% 11.85% 0.43%
Bank of Nova Scotia 15.64%11.06%0.55%

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
Toronto-Dominion BankC$63.78B4.39C$8.88BC$8.5219.87
Bank of Nova ScotiaC$38.40B3.91C$7.73BC$7.2516.88

Toronto-Dominion Bank presently has a consensus target price of C$151.42, indicating a potential downside of 10.57%. Bank of Nova Scotia has a consensus target price of C$111.54, indicating a potential downside of 8.88%. Given Bank of Nova Scotia's higher probable upside, 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
Toronto-Dominion Bank
1 Sell rating(s)
2 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.60
Bank of Nova Scotia
0 Sell rating(s)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.10

33.1% of Toronto-Dominion Bank shares are held by institutional investors. Comparatively, 27.6% of Bank of Nova Scotia shares are held by institutional investors. 0.1% of Toronto-Dominion Bank shares are held by company insiders. Comparatively, 0.0% of Bank of Nova Scotia 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.

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 an annual dividend of C$4.40 per share and has a dividend yield of 3.6%. Toronto-Dominion Bank pays out 50.0% 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.

In the previous week, Bank of Nova Scotia had 4 more articles in the media than Toronto-Dominion Bank. MarketBeat recorded 4 mentions for Bank of Nova Scotia and 0 mentions for Toronto-Dominion Bank. Bank of Nova Scotia's average media sentiment score of 0.50 beat Toronto-Dominion Bank's score of 0.00 indicating that Bank of Nova Scotia is being referred to more favorably in the news media.

Company Overall Sentiment
Toronto-Dominion Bank Neutral
Bank of Nova Scotia Neutral

Toronto-Dominion Bank has a beta of 0.885819, meaning that its stock price is 11% less volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.289782, meaning that its stock price is 29% more 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 Montreal (TSE:BMO) and Bank of Nova Scotia (TSE:BNS) 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 earnings, risk, dividends, media sentiment, analyst recommendations, profitability, institutional ownership and valuation.

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 an annual dividend of C$4.40 per share and has a dividend yield of 3.6%. Bank of Montreal pays out 50.7% 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.

30.8% of Bank of Montreal shares are owned by institutional investors. Comparatively, 27.6% of Bank of Nova Scotia shares are owned by institutional investors. 0.0% of Bank of Montreal shares are owned by company insiders. Comparatively, 0.0% of Bank of Nova Scotia shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

In the previous week, Bank of Montreal had 2 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 6 mentions for Bank of Montreal and 4 mentions for Bank of Nova Scotia. Bank of Nova Scotia's average media sentiment score of 0.50 beat Bank of Montreal's score of 0.35 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
Bank of Montreal
2 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Bank of Nova Scotia
2 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Bank of Montreal presently has a consensus price target of C$226.46, indicating a potential downside of 9.51%. Bank of Nova Scotia has a consensus price target of C$111.54, indicating a potential downside of 8.88%. Given Bank of Nova Scotia's higher possible upside, analysts clearly 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)
4 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.45
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 has a beta of 1.216569, suggesting that its share price is 22% more volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.289782, suggesting that its share price is 29% more volatile than the broader market.

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 MontrealC$37.54B4.70C$7.28BC$13.0219.22
Bank of Nova ScotiaC$38.40B3.91C$7.73BC$7.2516.88

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 Montreal12.63% 11.25% 0.50%
Bank of Nova Scotia 15.64%11.06%0.55%

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?

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

Fairfax Financial presently has a consensus target price of C$2,730.14, indicating a potential upside of 18.31%. Bank of Nova Scotia has a consensus target price of C$111.54, indicating a potential downside of 8.88%. Given Fairfax Financial's stronger consensus rating and higher probable upside, analysts clearly believe Fairfax Financial is more favorable than Bank of Nova Scotia.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Fairfax Financial
0 Sell rating(s)
4 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.50
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 has a beta of 0.308821, meaning that its share price is 69% less volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.289782, meaning that its share price is 29% more volatile than the broader market.

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
Fairfax FinancialC$29.34B1.62C$2.94BC$202.1911.41
Bank of Nova ScotiaC$38.40B3.91C$7.73BC$7.2516.88

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
Fairfax Financial15.41% 17.32% 4.27%
Bank of Nova Scotia 15.64%11.06%0.55%

Fairfax Financial pays an annual dividend of C$15.00 per share and has a dividend yield of 0.7%. 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 out 7.4% 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.

In the previous week, Bank of Nova Scotia had 2 more articles in the media than Fairfax Financial. MarketBeat recorded 4 mentions for Bank of Nova Scotia and 2 mentions for Fairfax Financial. Fairfax Financial's average media sentiment score of 0.62 beat Bank of Nova Scotia's score of 0.50 indicating that Fairfax Financial is being referred to more favorably in the media.

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

34.4% of Fairfax Financial shares are held by institutional investors. Comparatively, 27.6% of Bank of Nova Scotia shares are held by institutional investors. 3.8% of Fairfax Financial shares are held by company insiders. Comparatively, 0.0% of Bank of Nova Scotia 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.

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 Keyera?

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

Bank of Nova Scotia has a net margin of 15.64% compared to Keyera's net margin of 2.73%. Bank of Nova Scotia's return on equity of 11.06% beat Keyera's return on equity.

Company Net Margins Return on Equity Return on Assets
Keyera2.73% 6.59% 6.15%
Bank of Nova Scotia 15.64%11.06%0.55%

Keyera pays an annual dividend of C$2.14 per share and has a dividend yield of 3.6%. Bank of Nova Scotia pays an annual dividend of C$4.40 per share and has a dividend yield of 3.6%. Keyera pays out 270.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Bank of Nova Scotia pays out 60.7% of its earnings in the form of a dividend.

Keyera presently has a consensus target price of C$60.86, suggesting a potential upside of 3.06%. Bank of Nova Scotia has a consensus target price of C$111.54, suggesting a potential downside of 8.88%. Given Keyera's stronger consensus rating and higher probable upside, analysts plainly believe Keyera is more favorable than Bank of Nova Scotia.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Keyera
0 Sell rating(s)
3 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.86
Bank of Nova Scotia
0 Sell rating(s)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.10

Keyera has a beta of 0.486514, meaning that its stock price is 51% less volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.289782, meaning that its stock price is 29% more volatile than the broader market.

In the previous week, Keyera and Keyera both had 4 articles in the media. Bank of Nova Scotia's average media sentiment score of 0.50 beat Keyera's score of 0.39 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
Keyera
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Bank of Nova Scotia
2 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

48.2% of Keyera shares are held by institutional investors. Comparatively, 27.6% of Bank of Nova Scotia shares are held by institutional investors. 0.4% of Keyera 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 large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
KeyeraC$6.39B2.71C$449.23MC$0.7974.75
Bank of Nova ScotiaC$38.40B3.91C$7.73BC$7.2516.88

Summary

Keyera and Bank of Nova Scotia tied by winning 9 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 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$150.08BC$155.03BC$6.10BC$12.22B
Dividend Yield3.64%3.70%5.24%6.18%
P/E Ratio16.8819.2429.5236.20
Price / Sales3.9190.911,201.279.24
Price / Cash0.201.2588.7482.29
Price / Book1.701.876.664.38
Net IncomeC$7.73BC$10.30BC$1.13BC$299.09M
7 Day Performance-1.66%-0.94%-0.16%-0.85%
1 Month Performance-0.87%-0.17%-0.17%-1.45%
1 Year Performance61.58%37.85%14.62%30.07%

Bank of Nova Scotia Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BNS
Bank of Nova Scotia
1.7672 of 5 stars
C$122.41
-2.3%
C$111.54
-8.9%
+65.4%C$150.08BC$38.40B16.8891,000
RY
Royal Bank of Canada
2.3189 of 5 stars
C$297.86
-0.3%
C$262.96
-11.7%
+65.9%C$413.92BC$69.51B19.3791,400
TD
Toronto-Dominion Bank
1.425 of 5 stars
C$170.69
-0.1%
C$151.42
-11.3%
+71.6%C$281.99BC$63.78B20.0393,700
BMO
Bank of Montreal
2.4495 of 5 stars
C$252.99
-0.2%
C$226.46
-10.5%
+62.7%C$178.34BC$37.54B19.4346,700
FFH
Fairfax Financial
2.9961 of 5 stars
C$2,364.73
+0.5%
C$2,730.14
+15.5%
-5.3%C$48.77BC$29.34B11.7019,300

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This page (TSE:BNS) was last updated on 7/20/2026 by MarketBeat.com Staff.
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