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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Trading Channel Breakout in Lululemon Brought by Earnings
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
How major US stock indexes fared Friday 6/2/2023
Talk About A Long Movie — The 'Oppenheimer' Film Is Literally 11 Miles Long And Weighs 600 Pounds
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Trading Channel Breakout in Lululemon Brought by Earnings
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
How major US stock indexes fared Friday 6/2/2023
Talk About A Long Movie — The 'Oppenheimer' Film Is Literally 11 Miles Long And Weighs 600 Pounds
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Trading Channel Breakout in Lululemon Brought by Earnings
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
How major US stock indexes fared Friday 6/2/2023
Talk About A Long Movie — The 'Oppenheimer' Film Is Literally 11 Miles Long And Weighs 600 Pounds
TSE:BNS

Bank of Nova Scotia (BNS) Competitors

C$66.71
+1.14 (+1.74%)
(As of 06/2/2023 ET)
Compare
Today's Range
C$65.76
C$66.80
50-Day Range
C$65.57
C$69.05
52-Week Range
C$63.19
C$86.00
Volume
3.79 million shs
Average Volume
4.14 million shs
Market Capitalization
C$80.05 billion
P/E Ratio
9.21
Dividend Yield
6.36%
Price Target
C$72.60

BNS vs. BMO, CM, NA, TD, TRI, MFC, SLF, GWO, IFC, and FFH

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), Thomson Reuters (TRI), Manulife Financial (MFC), Sun Life Financial (SLF), Great-West Lifeco (GWO), Intact Financial (IFC), and Fairfax Financial (FFH). These companies are all part of the "finance" sector.

Bank of Nova Scotia vs.

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

Bank of Nova Scotia has a beta of 0.94, indicating that its stock price is 6% less volatile than the S&P 500. Comparatively, Bank of Montreal has a beta of 1.13, indicating that its stock price is 13% more volatile than the S&P 500.

Bank of Nova Scotia currently has a consensus price target of C$72.60, indicating a potential upside of 8.82%. Bank of Montreal has a consensus price target of C$137.06, indicating a potential upside of 17.49%. Given Bank of Montreal's stronger consensus rating and higher probable upside, analysts plainly 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 Nova Scotia
2 Sell rating(s)
7 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.90
Bank of Montreal
1 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.43

50.5% of Bank of Nova Scotia shares are owned by institutional investors. Comparatively, 54.5% 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 hedge funds, endowments and large money managers believe a company is poised for long-term growth.

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 an annual dividend of C$5.72 per share and has a dividend yield of 4.9%. Bank of Nova Scotia pays out 58.6% of its earnings in the form of a dividend. Bank of Montreal pays out 28.6% 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 and Bank of Nova Scotia both had 23 articles in the media. Bank of Montreal's average media sentiment score of 0.15 beat Bank of Nova Scotia's score of -0.05 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
2 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
5 Negative mention(s)
1 Very Negative mention(s)
Neutral
Bank of Montreal
4 Very Positive mention(s)
0 Positive mention(s)
6 Neutral mention(s)
4 Negative mention(s)
0 Very Negative mention(s)
Neutral

Bank of Montreal has higher revenue and earnings than Bank of Nova Scotia. Bank of Montreal 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$29.32 billion2.73C$8.68 billionC$7.249.21
Bank of MontrealC$33.38 billion2.46C$13.31 billionC$19.995.84

Bank of Montreal has a net margin of 40.56% compared to Bank of Nova Scotia's net margin of 0.00%. Bank of Montreal's return on equity of 21.06% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Bank of Nova Scotia N/A 12.30% 0.70%
Bank of Montreal 40.56% 21.06% 1.27%

Bank of Montreal received 139 more outperform votes than Bank of Nova Scotia when rated by MarketBeat users. However, 57.50% of users gave Bank of Nova Scotia an outperform vote while only 52.33% of users gave Bank of Montreal an outperform vote.

CompanyUnderperformOutperform
Bank of Nova ScotiaOutperform Votes
479
57.50%
Underperform Votes
354
42.50%
Bank of MontrealOutperform Votes
618
52.33%
Underperform Votes
563
47.67%

Summary

Bank of Montreal beats Bank of Nova Scotia on 14 of the 18 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.
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 ScotiaMoney Center Banks IndustryFinance SectorTSE Exchange
Market CapC$80.05BC$44.98BC$6.13BC$4.60B
Dividend Yield6.35%4.87%9.68%5.05%
P/E Ratio9.21250.15156.2223.36
Price / Sales2.7352.506,370.191,351.24
Price / Cash0.201.1132.8478.83
Price / Book1.090.832.373.62
Net IncomeC$8.68BC$6.59BC$645.56MC$335.03M
7 Day Performance-0.13%0.56%1.51%0.56%
1 Month Performance0.85%0.43%1.72%-2.30%
1 Year Performance-21.71%2.18%-6.63%6.20%

Bank of Nova Scotia Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BMO
Bank of Montreal
1.8474 of 5 stars
C$114.04
-0.9%
C$137.06
+20.2%
-15.7%C$80.20BC$33.38B5.7043,863
CM
Canadian Imperial Bank of Commerce
1.9967 of 5 stars
C$57.03
-1.0%
C$65.14
+14.2%
-19.2%C$52.34BC$21.18B11.2746,030
NA
National Bank of Canada
1.3606 of 5 stars
C$100.12
-0.3%
C$105.32
+5.2%
+0.8%C$33.77BC$9.53B10.5827,804Dividend Increase
Analyst Report
Analyst Revision
TD
Toronto-Dominion Bank
2.2156 of 5 stars
C$77.48
-2.1%
C$93.54
+20.7%
-18.5%C$141.79BC$48.86B9.3790,000
TRI
Thomson Reuters
1.4219 of 5 stars
C$169.96
+0.6%
C$185.40
+9.1%
+31.0%C$80.05BC$6.69B53.9624,400
MFC
Manulife Financial
1.6788 of 5 stars
C$25.56
-0.4%
C$28.17
+10.2%
+9.9%C$47.29BC$18.45B5.0438,000
SLF
Sun Life Financial
1.5367 of 5 stars
C$65.77
-1.2%
C$73.31
+11.5%
+7.7%C$38.59BC$24.62B12.0740,600Ex-Dividend
GWO
Great-West Lifeco
1.3829 of 5 stars
C$38.67
-2.3%
C$36.88
-4.6%
+14.8%C$36.03BC$60.55B14.4828,000Dividend Announcement
Ex-Dividend
Analyst Report
IFC
Intact Financial
1.8834 of 5 stars
C$199.05
-2.1%
C$223.33
+12.2%
+8.7%C$34.89BC$20.72B15.4726,000
FFH
Fairfax Financial
1.8171 of 5 stars
C$977.75
-1.0%
C$1,191.67
+21.9%
+43.2%C$22.71BC$26.83B10.3415,891

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This page (TSE:BNS) was last updated on 6/3/2023 by MarketBeat.com Staff

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