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Bank of Nova Scotia (BNS) Competitors

Bank of Nova Scotia logo
C$108.50 +2.17 (+2.04%)
As of 04:24 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 better business? We will compare the two companies based on the strength of their valuation, institutional ownership, analyst recommendations, risk, profitability, dividends, earnings and media sentiment.

30.1% of Royal Bank of Canada shares are held by institutional investors. Comparatively, 26.9% of Bank of Nova Scotia shares are held by institutional investors. 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 is poised for long-term growth.

In the previous week, Royal Bank of Canada had 1 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 7 mentions for Royal Bank of Canada and 6 mentions for Bank of Nova Scotia. Bank of Nova Scotia's average media sentiment score of 0.60 beat Royal Bank of Canada's score of 0.28 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
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
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Royal Bank of Canada has a beta of 1.143972, indicating that its share price is 14% more volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.226256, indicating that its share price is 23% more volatile than the broader market.

Royal Bank of Canada currently has a consensus price target of C$253.19, suggesting a potential downside of 1.61%. Bank of Nova Scotia has a consensus price target of C$107.77, suggesting a potential downside of 0.67%. Given Bank of Nova Scotia's higher probable 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)
10 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.09

Royal Bank of Canada has a net margin of 20.88% compared to Bank of Nova Scotia's net margin of 14.45%. Royal Bank of Canada's return on equity of 15.37% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Royal Bank of Canada20.88% 15.37% 0.80%
Bank of Nova Scotia 14.45%10.41%0.55%

Royal Bank of Canada pays an annual dividend of C$6.20 per share and has a dividend yield of 2.4%. Bank of Nova Scotia pays an annual dividend of C$4.36 per share and has a dividend yield of 4.0%. Royal Bank of Canada pays out 42.6% of its earnings in the form of a dividend. Bank of Nova Scotia pays out 64.7% 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$67.74B5.28C$16.24BC$14.5617.67
Bank of Nova ScotiaC$37.72B3.54C$7.73BC$6.7416.10

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 superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, profitability, media sentiment, risk, valuation and earnings.

32.7% of Toronto-Dominion Bank shares are held by institutional investors. Comparatively, 26.9% 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, endowments and large money managers believe a stock will outperform the market over the long term.

Toronto-Dominion Bank has higher revenue and earnings than Bank of Nova Scotia. Toronto-Dominion Bank 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
Toronto-Dominion BankC$62.88B3.99C$8.88BC$12.3512.18
Bank of Nova ScotiaC$37.72B3.54C$7.73BC$6.7416.10

In the previous week, Toronto-Dominion Bank had 1 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 7 mentions for Toronto-Dominion Bank and 6 mentions for Bank of Nova Scotia. Toronto-Dominion Bank's average media sentiment score of 0.75 beat Bank of Nova Scotia's score of 0.60 indicating that Toronto-Dominion Bank is being referred to more favorably in the media.

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

Toronto-Dominion Bank has a beta of 0.918491, meaning that its stock price is 8% less volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.226256, meaning that its stock price is 23% more volatile than the broader market.

Toronto-Dominion Bank currently has a consensus price target of C$144.96, suggesting a potential downside of 3.66%. Bank of Nova Scotia has a consensus price target of C$107.77, suggesting a potential downside of 0.67%. 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)
10 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.09

Toronto-Dominion Bank pays an annual dividend of C$4.23 per share and has a dividend yield of 2.8%. Bank of Nova Scotia pays an annual dividend of C$4.36 per share and has a dividend yield of 4.0%. Toronto-Dominion Bank pays out 34.3% of its earnings in the form of a dividend. Bank of Nova Scotia pays out 64.7% 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.

Toronto-Dominion Bank has a net margin of 19.11% compared to Bank of Nova Scotia's net margin of 14.45%. Toronto-Dominion Bank's return on equity of 17.26% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Toronto-Dominion Bank19.11% 17.26% 0.43%
Bank of Nova Scotia 14.45%10.41%0.55%

Summary

Toronto-Dominion Bank beats Bank of Nova Scotia on 13 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 media sentiment, dividends, earnings, institutional ownership, risk, profitability, valuation and analyst recommendations.

In the previous week, Bank of Montreal had 1 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 7 mentions for Bank of Montreal and 6 mentions for Bank of Nova Scotia. Bank of Montreal's average media sentiment score of 0.81 beat Bank of Nova Scotia's score of 0.60 indicating that Bank of Montreal is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bank of Nova Scotia
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bank of Montreal
1 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 pays an annual dividend of C$4.36 per share and has a dividend yield of 4.0%. Bank of Montreal pays an annual dividend of C$6.52 per share and has a dividend yield of 3.0%. Bank of Nova Scotia pays out 64.7% of its earnings in the form of a dividend. Bank of Montreal pays out 54.3% 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 14.45% compared to Bank of Montreal's net margin of 11.77%. Bank of Montreal's return on equity of 10.47% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Bank of Nova Scotia14.45% 10.41% 0.55%
Bank of Montreal 11.77%10.47%0.50%

26.9% of Bank of Nova Scotia shares are owned by institutional investors. Comparatively, 29.4% 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 large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

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$37.72B3.54C$7.73BC$6.7416.10
Bank of MontrealC$36.68B4.17C$7.28BC$12.0018.07

Bank of Nova Scotia has a beta of 1.226256, meaning that its stock price is 23% more volatile than the broader market. Comparatively, Bank of Montreal has a beta of 1.248765, meaning that its stock price is 25% more volatile than the broader market.

Bank of Nova Scotia currently has a consensus target price of C$107.77, indicating a potential downside of 0.67%. Bank of Montreal has a consensus target price of C$208.31, indicating a potential downside of 3.93%. Given Bank of Nova Scotia's higher possible 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)
10 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.09
Bank of Montreal
1 Sell rating(s)
5 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.36

Summary

Bank of Montreal beats Bank of Nova Scotia on 11 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 better business? We will compare the two businesses based on the strength of their profitability, risk, media sentiment, dividends, institutional ownership, analyst recommendations, earnings and valuation.

Bank of Nova Scotia has a beta of 1.226256, suggesting that its stock price is 23% more volatile than the broader market. Comparatively, Fairfax Financial has a beta of 0.335839, suggesting that its stock price is 66% less volatile than the broader market.

Bank of Nova Scotia pays an annual dividend of C$4.36 per share and has a dividend yield of 4.0%. 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 out 64.7% 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.

26.9% of Bank of Nova Scotia shares are owned by institutional investors. Comparatively, 33.7% of Fairfax Financial shares are owned by institutional investors. 0.0% of Bank of Nova Scotia shares are owned by company insiders. Comparatively, 3.8% of Fairfax Financial shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Fairfax Financial has a net margin of 15.41% compared to Bank of Nova Scotia's net margin of 14.45%. 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 Scotia14.45% 10.41% 0.55%
Fairfax Financial 15.41%17.32%4.27%

Bank of Nova Scotia presently has a consensus price target of C$107.77, indicating a potential downside of 0.67%. Fairfax Financial has a consensus price target of C$2,793.50, indicating a potential upside of 24.26%. Given Fairfax Financial's stronger consensus rating and higher possible 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
Bank of Nova Scotia
0 Sell rating(s)
10 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.09
Fairfax Financial
0 Sell rating(s)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57

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$37.72B3.54C$7.73BC$6.7416.10
Fairfax FinancialC$29.34B1.64C$2.94BC$202.1911.12

In the previous week, Bank of Nova Scotia had 3 more articles in the media than Fairfax Financial. MarketBeat recorded 6 mentions for Bank of Nova Scotia and 3 mentions for Fairfax Financial. Bank of Nova Scotia's average media sentiment score of 0.60 beat Fairfax Financial's score of 0.27 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)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Fairfax Financial
0 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

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 investment? We will contrast the two companies based on the strength of their media sentiment, risk, analyst recommendations, profitability, valuation, dividends, institutional ownership and earnings.

Hut 8 has a beta of 4.581835, meaning that its stock price is 358% more volatile than the broader market. Comparatively, Bank of Nova Scotia has a beta of 1.226256, meaning that its stock price is 23% more volatile than the broader market.

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$284.32M52.52C$193.22M-C$2.82N/A
Bank of Nova ScotiaC$37.72B3.54C$7.73BC$6.7416.10

In the previous week, Hut 8 had 3 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 9 mentions for Hut 8 and 6 mentions for Bank of Nova Scotia. Bank of Nova Scotia's average media sentiment score of 0.60 beat Hut 8's score of 0.20 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)
1 Positive mention(s)
6 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)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Bank of Nova Scotia has a consensus target price of C$107.77, indicating a potential downside of 0.67%. Given Bank of Nova Scotia's higher possible upside, analysts clearly 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)
4 Strong Buy rating(s)
3.80
Bank of Nova Scotia
0 Sell rating(s)
10 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.09

Bank of Nova Scotia has a net margin of 14.45% compared to Hut 8's net margin of -109.77%. Bank of Nova Scotia's return on equity of 10.41% 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 14.45%10.41%0.55%

38.0% of Hut 8 shares are owned by institutional investors. Comparatively, 26.9% of Bank of Nova Scotia shares are owned by institutional investors. 60.2% of Hut 8 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 hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Summary

Bank of Nova Scotia beats Hut 8 on 9 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$133.61BC$140.76BC$5.83BC$11.94B
Dividend Yield4.14%3.82%5.25%6.23%
P/E Ratio16.1017.9215.9037.44
Price / Sales3.5487.561,416.9711.35
Price / Cash0.201.1989.1882.29
Price / Book1.611.736.554.39
Net IncomeC$7.73BC$10.30BC$1.15BC$299.09M
7 Day Performance3.51%1.20%0.26%-1.29%
1 Month Performance3.44%0.39%0.86%-0.48%
1 Year Performance50.95%45.66%18.92%52.53%

Bank of Nova Scotia Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BNS
Bank of Nova Scotia
1.7038 of 5 stars
C$108.50
+2.0%
C$107.77
-0.7%
+47.7%C$133.61BC$37.72B16.1091,000
RY
Royal Bank of Canada
1.8999 of 5 stars
C$252.50
flat
C$251.12
-0.5%
+43.6%C$351.11BC$67.74B17.3491,400
TD
Toronto-Dominion Bank
2.0285 of 5 stars
C$148.30
flat
C$143.04
-3.5%
+65.2%C$247.49BC$62.88B12.0193,700
BMO
Bank of Montreal
2.1083 of 5 stars
C$209.94
flat
C$207.77
-1.0%
+47.4%C$147.99BC$36.68B17.5046,700
FFH
Fairfax Financial
3.935 of 5 stars
C$2,170.90
flat
C$2,793.50
+28.7%
-2.1%C$46.56BC$29.34B10.7419,300

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This page (TSE:BNS) was last updated on 5/20/2026 by MarketBeat.com Staff.
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