Bank of Nova Scotia (BNS) Competitors

C$65.91
+0.21 (+0.32%)
(As of 05/17/2024 ET)

BNS vs. BMO, CM, NA, TD, RY, BN, MFC, SLF, IFC, and GWO

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), Royal Bank of Canada (RY), Brookfield (BN), Manulife Financial (MFC), Sun Life Financial (SLF), Intact Financial (IFC), and Great-West Lifeco (GWO). These companies are all part of the "financial services" sector.

Bank of Nova Scotia vs.

Bank of Montreal (TSE:BMO) 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 dividends, earnings, risk, media sentiment, institutional ownership, profitability, community ranking, analyst recommendations and valuation.

Bank of Nova Scotia has lower revenue, but higher 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$31.18B3.02C$5.19BC$7.2617.86
Bank of Nova ScotiaC$29.40B2.74C$7.44BC$6.1110.79

Bank of Montreal received 162 more outperform votes than Bank of Nova Scotia when rated by MarketBeat users. However, 55.03% of users gave Bank of Nova Scotia an outperform vote while only 52.66% of users gave Bank of Montreal an outperform vote.

CompanyUnderperformOutperform
Bank of MontrealOutperform Votes
643
52.66%
Underperform Votes
578
47.34%
Bank of Nova ScotiaOutperform Votes
481
55.03%
Underperform Votes
393
44.97%

Bank of Nova Scotia has a net margin of 26.75% compared to Bank of Nova Scotia's net margin of 17.71%. Bank of Montreal's return on equity of 10.20% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Bank of Montreal17.71% 7.28% 0.45%
Bank of Nova Scotia 26.75%10.20%0.58%

54.3% of Bank of Montreal shares are held by institutional investors. Comparatively, 49.5% of Bank of Nova Scotia shares are held by institutional investors. 0.0% of Bank of Montreal 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 endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Bank of Montreal pays an annual dividend of C$6.04 per share and has a dividend yield of 4.7%. 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 out 83.2% 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 69.4% of its earnings in the form of a dividend. Bank of Nova Scotia is clearly the better dividend stock, given its higher yield and lower payout ratio.

Bank of Montreal presently has a consensus price target of C$133.33, suggesting a potential upside of 2.85%. Bank of Nova Scotia has a consensus price target of C$67.41, suggesting a potential upside of 2.27%. Given Bank of Nova Scotia's stronger consensus rating and higher probable upside, equities analysts clearly believe Bank of Montreal is more favorable than Bank of Nova Scotia.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bank of Montreal
0 Sell rating(s)
1 Hold rating(s)
13 Buy rating(s)
0 Strong Buy rating(s)
2.93
Bank of Nova Scotia
1 Sell rating(s)
12 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

In the previous week, Bank of Montreal had 4 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 9 mentions for Bank of Montreal and 5 mentions for Bank of Nova Scotia. Bank of Montreal's average media sentiment score of 0.50 beat Bank of Nova Scotia's score of 0.45 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)
1 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Bank of Nova Scotia
1 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Bank of Montreal has a beta of 1.18, indicating that its stock price is 18% more volatile than the S&P 500. Comparatively, Bank of Nova Scotia has a beta of 0.96, indicating that its stock price is 4% less volatile than the S&P 500.

Summary

Bank of Montreal beats Bank of Nova Scotia on 11 of the 19 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.
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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$80.41BC$78.93BC$3.24BC$5.47B
Dividend Yield6.61%4.91%4.59%5.54%
P/E Ratio10.79192.43464.4623.84
Price / Sales2.74103.962,058.772,190.61
Price / Cash0.200.1749.6079.74
Price / Book1.151.281.573.25
Net IncomeC$7.44BC$8.07BC$337.85MC$293.63M
7 Day Performance0.37%2.09%0.85%1.54%
1 Month Performance2.76%9.19%9.66%4.15%
1 Year Performance-1.66%23.07%18.71%26.85%

Bank of Nova Scotia Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BMO
Bank of Montreal
2.8594 of 5 stars
C$128.97
+0.3%
C$133.20
+3.3%
+8.4%C$93.56BC$31.18B17.7655,767Upcoming Earnings
Analyst Forecast
CM
Canadian Imperial Bank of Commerce
1.3636 of 5 stars
C$66.89
-0.7%
C$66.63
-0.4%
+18.5%C$62.69BC$21.32B10.2348,047Analyst Forecast
NA
National Bank of Canada
1.5016 of 5 stars
C$115.59
+0.2%
C$110.17
-4.7%
+13.5%C$39.28BC$9.89B12.1728,730Analyst Forecast
TD
Toronto-Dominion Bank
3.0839 of 5 stars
C$77.40
-0.3%
C$89.23
+15.3%
-5.3%C$137.00BC$50.40B12.23103,179Upcoming Earnings
Analyst Forecast
RY
Royal Bank of Canada
1.6452 of 5 stars
C$142.34
-0.4%
C$139.75
-1.8%
+13.0%C$200.70BC$53.51B13.2290,166Upcoming Earnings
Analyst Forecast
BN
Brookfield
0.5145 of 5 stars
C$60.92
+1.3%
C$44.00
-27.8%
+44.9%C$91.99BC$97.99B72.52240,000Positive News
MFC
Manulife Financial
1.1263 of 5 stars
C$35.50
+1.0%
C$37.30
+5.1%
+39.7%C$63.90BC$27.25B13.6038,000Insider Selling
SLF
Sun Life Financial
2.3438 of 5 stars
C$69.31
+0.1%
C$76.09
+9.8%
+5.9%C$40.37BC$30.85B13.1830,941
IFC
Intact Financial
1.8523 of 5 stars
C$225.89
-0.7%
C$247.30
+9.5%
+14.2%C$40.28BC$28.65B32.2730,000Positive News
GWO
Great-West Lifeco
0.8827 of 5 stars
C$42.60
-1.0%
C$44.00
+3.3%
+10.8%C$39.74BC$32.17B12.1433,500

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This page (TSE:BNS) was last updated on 5/18/2024 by MarketBeat.com Staff

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