Go Pro

Bank of Nova Scotia (BNS) Competitors

Bank of Nova Scotia logo
C$124.00 0.00 (0.00%)
As of 08/7/2026 04:00 PM Eastern

BNS vs. RY, TD, BMO, CM, and NA

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), Canadian Imperial Bank of Commerce (CM), and National Bank of Canada (NA). These companies are all part of the "diversified banks" 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 finance companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, earnings, valuation, media sentiment, analyst recommendations, profitability, institutional ownership and risk.

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$69.51B5.89C$16.24BC$15.3819.15
Bank of Nova ScotiaC$38.40B3.94C$7.73BC$7.2517.10

Royal Bank of Canada presently has a consensus price target of C$266.42, suggesting a potential downside of 9.56%. Bank of Nova Scotia has a consensus price target of C$112.31, suggesting a potential downside of 9.43%. Given Bank of Nova Scotia's higher possible upside, analysts clearly 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, Bank of Nova Scotia had 1 more articles in the media than Royal Bank of Canada. MarketBeat recorded 6 mentions for Bank of Nova Scotia and 5 mentions for Royal Bank of Canada. Bank of Nova Scotia's average media sentiment score of 0.75 beat Royal Bank of Canada's score of 0.60 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)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bank of Nova Scotia
3 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Royal Bank of Canada has a beta of 1.052381, indicating that its stock price is 5% more volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.295029, indicating that its stock price is 30% more volatile than the broader market.

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 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 3.5%. 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.

31.0% of Royal Bank of Canada shares are held by institutional investors. Comparatively, 27.7% 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, large money managers and endowments believe a stock is poised for long-term growth.

Summary

Royal Bank of Canada beats Bank of Nova Scotia on 13 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 finance companies, but which is the better investment? We will contrast the two companies based on the strength of their valuation, earnings, risk, profitability, analyst recommendations, institutional ownership, media sentiment and dividends.

Toronto-Dominion Bank currently has a consensus target price of C$153.33, suggesting a potential downside of 9.43%. Bank of Nova Scotia has a consensus target price of C$112.31, suggesting a potential downside of 9.43%. Given Bank of Nova Scotia's higher possible 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

In the previous week, Bank of Nova Scotia had 3 more articles in the media than Toronto-Dominion Bank. MarketBeat recorded 6 mentions for Bank of Nova Scotia and 3 mentions for Toronto-Dominion Bank. Bank of Nova Scotia's average media sentiment score of 0.75 beat Toronto-Dominion Bank's score of 0.53 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
Toronto-Dominion Bank
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bank of Nova Scotia
3 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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$38.40B3.94C$7.73BC$7.2517.10

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 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 3.5%. 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.

33.1% of Toronto-Dominion Bank shares are held by institutional investors. Comparatively, 27.7% of Bank of Nova Scotia shares are held by institutional investors. 0.1% of Toronto-Dominion Bank 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 hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Toronto-Dominion Bank has a beta of 0.875794, suggesting that its stock price is 12% less volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.295029, suggesting that its stock price is 30% 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 Nova Scotia (TSE:BNS) and Bank of Montreal (TSE:BMO) are both large-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, dividends, valuation, analyst recommendations, media sentiment, earnings, risk and institutional ownership.

Bank of Nova Scotia presently has a consensus target price of C$112.31, suggesting a potential downside of 9.43%. Bank of Montreal has a consensus target price of C$228.96, suggesting a potential downside of 9.59%. Given Bank of Nova Scotia's higher probable upside, equities 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 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 1.295029, indicating that its stock price is 30% more volatile than the broader market. Comparatively, Bank of Montreal has a beta of 1.21817, indicating that its stock price is 22% 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 Nova ScotiaC$38.40B3.94C$7.73BC$7.2517.10
Bank of MontrealC$37.54B4.73C$7.28BC$13.0219.45

27.7% 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 insiders. Comparatively, 0.0% of Bank of Montreal shares are owned by 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 and Bank of Nova Scotia both had 6 articles in the media. Bank of Nova Scotia's average media sentiment score of 0.75 beat Bank of Montreal's score of 0.39 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
3 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bank of Montreal
1 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 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 pays an annual dividend of C$4.40 per share and has a dividend yield of 3.5%. 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.

Summary

Bank of Nova Scotia and Bank of Montreal tied by winning 8 of the 16 factors compared between the two stocks.

How does Bank of Nova Scotia compare to Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce (TSE:CM) and Bank of Nova Scotia (TSE:BNS) are both large-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, risk, valuation, media sentiment and analyst recommendations.

Canadian Imperial Bank of Commerce has a beta of 1.395418, indicating that its stock price is 40% more volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.295029, indicating that its stock price is 30% more volatile than the broader market.

30.0% of Canadian Imperial Bank of Commerce shares are held by institutional investors. Comparatively, 27.7% of Bank of Nova Scotia shares are held by institutional investors. 0.0% of Canadian Imperial Bank of Commerce 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 large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Canadian Imperial Bank of Commerce pays an annual dividend of C$4.08 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 3.5%. Canadian Imperial Bank of Commerce pays out 40.5% 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.

Bank of Nova Scotia has higher revenue and earnings than Canadian Imperial Bank of Commerce. Canadian Imperial Bank of Commerce 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
Canadian Imperial Bank of CommerceC$31.06B4.87C$7.07BC$10.0816.43
Bank of Nova ScotiaC$38.40B3.94C$7.73BC$7.2517.10

In the previous week, Bank of Nova Scotia had 3 more articles in the media than Canadian Imperial Bank of Commerce. MarketBeat recorded 6 mentions for Bank of Nova Scotia and 3 mentions for Canadian Imperial Bank of Commerce. Bank of Nova Scotia's average media sentiment score of 0.75 beat Canadian Imperial Bank of Commerce's score of -0.87 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
Canadian Imperial Bank of Commerce
0 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Negative
Bank of Nova Scotia
3 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Canadian Imperial Bank of Commerce currently has a consensus target price of C$154.77, indicating a potential downside of 6.56%. Bank of Nova Scotia has a consensus target price of C$112.31, indicating a potential downside of 9.43%. Given Canadian Imperial Bank of Commerce's stronger consensus rating and higher probable upside, research analysts plainly believe Canadian Imperial Bank of Commerce is more favorable than Bank of Nova Scotia.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Canadian Imperial Bank of Commerce
0 Sell rating(s)
6 Hold rating(s)
5 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

Canadian Imperial Bank of Commerce has a net margin of 18.44% compared to Bank of Nova Scotia's net margin of 15.64%. Canadian Imperial Bank of Commerce's return on equity of 15.24% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Canadian Imperial Bank of Commerce18.44% 15.24% 0.69%
Bank of Nova Scotia 15.64%11.06%0.55%

Summary

Canadian Imperial Bank of Commerce beats Bank of Nova Scotia on 11 of the 18 factors compared between the two stocks.

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

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

36.0% of National Bank of Canada shares are owned by institutional investors. Comparatively, 27.7% of Bank of Nova Scotia shares are owned by institutional investors. 0.2% of National Bank of Canada 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 endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
National Bank of CanadaC$14.92B5.88C$4.38BC$11.3020.14
Bank of Nova ScotiaC$38.40B3.94C$7.73BC$7.2517.10

National Bank of Canada currently has a consensus target price of C$202.83, indicating a potential downside of 10.87%. Bank of Nova Scotia has a consensus target price of C$112.31, indicating a potential downside of 9.43%. Given Bank of Nova Scotia's higher probable upside, analysts clearly believe Bank of Nova Scotia is more favorable than National Bank of Canada.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
National Bank of Canada
0 Sell rating(s)
9 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.18
Bank of Nova Scotia
0 Sell rating(s)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.10

National Bank of Canada has a net margin of 16.87% compared to Bank of Nova Scotia's net margin of 15.64%. National Bank of Canada's return on equity of 13.77% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
National Bank of Canada16.87% 13.77% 0.83%
Bank of Nova Scotia 15.64%11.06%0.55%

National Bank of Canada has a beta of 1.34951, indicating that its stock price is 35% more volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.295029, indicating that its stock price is 30% more volatile than the broader market.

National Bank of Canada pays an annual dividend of C$4.84 per share and has a dividend yield of 2.1%. Bank of Nova Scotia pays an annual dividend of C$4.40 per share and has a dividend yield of 3.5%. National Bank of Canada pays out 42.8% 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 1 more articles in the media than National Bank of Canada. MarketBeat recorded 6 mentions for Bank of Nova Scotia and 5 mentions for National Bank of Canada. Bank of Nova Scotia's average media sentiment score of 0.75 beat National Bank of Canada's score of -0.21 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
National Bank of Canada
0 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Bank of Nova Scotia
3 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

National Bank of Canada beats Bank of Nova Scotia on 12 of the 18 factors compared between the two stocks.

Get Bank of Nova Scotia News Delivered to You Automatically

Sign up to receive the latest news and ratings for BNS and its competitors with MarketBeat's FREE daily newsletter.

Subscribe Now
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

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.
Skip Chart

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.
Skip Chart

BNS vs. The Competition

MetricBank of Nova ScotiaBanks IndustryFinance SectorTSE Exchange
Market CapC$151.17BC$23.62BC$14.02BC$12.57B
Dividend Yield3.68%3.17%5.89%6.20%
P/E Ratio17.1028.0529.1834.79
Price / Sales3.949.63504.619.83
Price / Cash0.2016.2030.2282.29
Price / Book1.721.393.724.60
Net IncomeC$7.73BC$2.57BC$1.31BC$299.09M
7 Day Performance0.84%0.16%0.53%3.87%
1 Month Performance-0.11%2.85%1.00%2.68%
1 Year Performance60.98%29.76%12.83%35.80%

Bank of Nova Scotia Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BNS
Bank of Nova Scotia
1.8214 of 5 stars
C$124.00
flat
C$112.31
-9.4%
+61.0%C$151.17BC$38.40B17.1091,000
RY
Royal Bank of Canada
1.9021 of 5 stars
C$293.41
flat
C$262.96
-10.4%
+61.5%C$407.74BC$69.51B19.0891,400
TD
Toronto-Dominion Bank
1.8093 of 5 stars
C$168.04
flat
C$151.42
-9.9%
+68.0%C$277.61BC$63.78B19.7293,700
BMO
Bank of Montreal
2.6858 of 5 stars
C$251.47
flat
C$226.46
-9.9%
+63.2%C$177.27BC$37.54B19.3146,700
CM
Canadian Imperial Bank of Commerce
1.6866 of 5 stars
C$166.04
flat
C$153.59
-7.5%
+65.7%C$151.56BC$31.06B16.4748,552

Related Companies and Tools


This page (TSE:BNS) was last updated on 8/10/2026 by MarketBeat.com Staff.
From Our Partners