BNS vs. BK, DB, FCNCA, FITB, MTB, STT, NTRS, CFG, ALLY, and EWBC
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 New York Mellon (BK), Deutsche Bank Aktiengesellschaft (DB), First Citizens BancShares (FCNCA), Fifth Third Bancorp (FITB), M&T Bank (MTB), State Street (STT), Northern Trust (NTRS), Citizens Financial Group (CFG), Ally Financial (ALLY), and East West Bancorp (EWBC). These companies are all part of the "state commercial banks" industry.
Bank of New York Mellon (NYSE:BK) and Bank of Nova Scotia (NYSE:BNS) are both large-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, valuation, risk, dividends, earnings, analyst recommendations, institutional ownership, community ranking and media sentiment.
Bank of New York Mellon received 132 more outperform votes than Bank of Nova Scotia when rated by MarketBeat users. Likewise, 67.15% of users gave Bank of New York Mellon an outperform vote while only 63.47% of users gave Bank of Nova Scotia an outperform vote.
85.3% of Bank of New York Mellon shares are held by institutional investors. Comparatively, 49.1% of Bank of Nova Scotia shares are held by institutional investors. 0.1% of Bank of New York Mellon shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Bank of Nova Scotia has a net margin of 10.40% compared to Bank of Nova Scotia's net margin of 9.48%. Bank of Nova Scotia's return on equity of 11.80% beat Bank of New York Mellon's return on equity.
Bank of New York Mellon has a beta of 1.11, suggesting that its stock price is 11% more volatile than the S&P 500. Comparatively, Bank of Nova Scotia has a beta of 1.06, suggesting that its stock price is 6% more volatile than the S&P 500.
Bank of Nova Scotia has lower revenue, but higher earnings than Bank of New York Mellon. Bank of Nova Scotia is trading at a lower price-to-earnings ratio than Bank of New York Mellon, indicating that it is currently the more affordable of the two stocks.
Bank of New York Mellon pays an annual dividend of $1.68 per share and has a dividend yield of 2.9%. Bank of Nova Scotia pays an annual dividend of $3.13 per share and has a dividend yield of 6.7%. Bank of New York Mellon pays out 41.0% of its earnings in the form of a dividend. Bank of Nova Scotia pays out 69.2% 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 New York Mellon has increased its dividend for 13 consecutive years and Bank of Nova Scotia has increased its dividend for 2 consecutive years.
In the previous week, Bank of Nova Scotia had 23 more articles in the media than Bank of New York Mellon. MarketBeat recorded 30 mentions for Bank of Nova Scotia and 7 mentions for Bank of New York Mellon. Bank of Nova Scotia's average media sentiment score of 1.43 beat Bank of New York Mellon's score of 0.53 indicating that Bank of New York Mellon is being referred to more favorably in the media.
Bank of New York Mellon currently has a consensus price target of $60.17, indicating a potential upside of 4.09%. Bank of Nova Scotia has a consensus price target of $68.00, indicating a potential upside of 46.87%. Given Bank of New York Mellon's higher possible upside, analysts clearly believe Bank of Nova Scotia is more favorable than Bank of New York Mellon.
Summary
Bank of New York Mellon beats Bank of Nova Scotia on 14 of the 21 factors compared between the two stocks.
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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.
This chart shows the average media sentiment of NYSE 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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