Bank of Nova Scotia (BNS) Competitors C$78.71 +0.33 (+0.42%) (As of 11/20/2024 ET) Add Compare Share Share Competitors Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlines BNS vs. RY, TD, BMO, FFH, KEY, HUT, BLX, SII, BITF, and HIVEShould you be buying Bank of Nova Scotia stock or one of its competitors? The main competitors of Bank of Nova Scotia include Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Bank of Montreal (BMO), Fairfax Financial (FFH), Keyera (KEY), Hut 8 (HUT), Boralex (BLX), Sprott (SII), Bitfarms (BITF), and HIVE Digital Technologies (HIVE). These companies are all part of the "banking" industry. Bank of Nova Scotia vs. Royal Bank of Canada Toronto-Dominion Bank Bank of Montreal Fairfax Financial Keyera Hut 8 Boralex Sprott Bitfarms HIVE Digital Technologies Bank of Nova Scotia (TSE:BNS) and Royal Bank of Canada (TSE:RY) are both large-cap financial services companies, but which is the superior stock? We will compare the two companies based on the strength of their dividends, earnings, community ranking, risk, valuation, analyst recommendations, profitability, institutional ownership and media sentiment. Does the media favor BNS or RY? In the previous week, Bank of Nova Scotia had 5 more articles in the media than Royal Bank of Canada. MarketBeat recorded 16 mentions for Bank of Nova Scotia and 11 mentions for Royal Bank of Canada. Bank of Nova Scotia's average media sentiment score of 0.87 beat Royal Bank of Canada's score of 0.06 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) 5 Positive mention(s) 4 Neutral mention(s) 0 Negative mention(s) 0 Very Negative mention(s) Positive Royal Bank of Canada 0 Very Positive mention(s) 1 Positive mention(s) 5 Neutral mention(s) 1 Negative mention(s) 0 Very Negative mention(s) Neutral Does the MarketBeat Community believe in BNS or RY? Royal Bank of Canada received 265 more outperform votes than Bank of Nova Scotia when rated by MarketBeat users. Likewise, 58.70% of users gave Royal Bank of Canada an outperform vote while only 54.29% of users gave Bank of Nova Scotia an outperform vote. CompanyUnderperformOutperformBank of Nova ScotiaOutperform Votes48754.29% Underperform Votes41045.71% Royal Bank of CanadaOutperform Votes75258.70% Underperform Votes52941.30% Is BNS or RY more profitable? Royal Bank of Canada has a net margin of 28.67% compared to Bank of Nova Scotia's net margin of 25.38%. Royal Bank of Canada's return on equity of 13.68% beat Bank of Nova Scotia's return on equity.Company Net Margins Return on Equity Return on Assets Bank of Nova Scotia25.38% 9.49% 0.55% Royal Bank of Canada 28.67%13.68%0.80% Which has higher earnings and valuation, BNS or RY? 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 RatioBank of Nova ScotiaC$29.60B3.30C$7.05BC$5.7113.78Royal Bank of CanadaC$56.51B4.25C$15.90BC$11.2915.08 Is BNS or RY a better dividend stock? Bank of Nova Scotia pays an annual dividend of C$4.24 per share and has a dividend yield of 5.4%. Royal Bank of Canada pays an annual dividend of C$5.68 per share and has a dividend yield of 3.3%. Bank of Nova Scotia pays out 74.3% of its earnings in the form of a dividend. Royal Bank of Canada pays out 50.3% 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. Which has more volatility and risk, BNS or RY? Bank of Nova Scotia has a beta of 0.97, meaning that its share price is 3% less volatile than the S&P 500. Comparatively, Royal Bank of Canada has a beta of 0.84, meaning that its share price is 16% less volatile than the S&P 500. Do analysts prefer BNS or RY? Bank of Nova Scotia currently has a consensus price target of C$74.75, suggesting a potential downside of 5.03%. Royal Bank of Canada has a consensus price target of C$168.00, suggesting a potential downside of 1.35%. Given Royal Bank of Canada's stronger consensus rating and higher probable upside, analysts plainly believe Royal Bank of Canada 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) 7 Hold rating(s) 4 Buy rating(s) 2 Strong Buy rating(s) 2.62Royal Bank of Canada 0 Sell rating(s) 3 Hold rating(s) 7 Buy rating(s) 2 Strong Buy rating(s) 2.92 Do institutionals and insiders believe in BNS or RY? 51.1% of Bank of Nova Scotia shares are owned by institutional investors. Comparatively, 52.5% of Royal Bank of Canada shares are owned by institutional investors. 0.0% of Bank of Nova Scotia shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term. SummaryRoyal Bank of Canada beats Bank of Nova Scotia on 15 of the 20 factors compared between the two stocks. Ad Angel PublishingTesla Execs are Freaking OutIt’s so revolutionary that tech giants like Microsoft, Amazon, and NVIDIA are all lining up to get their hands on it. And Elon Musk has completely restructured Tesla to chase this opportunity. This is a once-in-a-lifetime opportunity that you don’t want to miss.Click here to get the details. 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. Email Address New MarketBeat Followers Over TimeWhat are MarkeBeat Followers?This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period. Skip ChartMedia Sentiment Over TimeWhat is Media Sentiment?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 Export to ExcelMetricBank of Nova ScotiaBanks IndustryFinancial SectorTSE ExchangeMarket CapC$97.60BC$86.59BC$3.25BC$6.25BDividend Yield5.82%4.73%4.58%5.27%P/E Ratio13.78188.79441.0226.84Price / Sales3.3079.063,308.091,531.29Price / Cash0.200.1748.2383.81Price / Book1.191.211.483.15Net IncomeC$7.05BC$7.94BC$396.75MC$299.38M7 Day Performance3.96%-0.51%0.13%0.76%1 Month Performance7.53%-1.18%7.04%12.82%1 Year Performance30.29%49.87%15.54%44.03% Bank of Nova Scotia Competitors List Export to ExcelCompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)BNSBank of Nova Scotia2.3947 of 5 starsC$78.71+0.4%C$74.75-5.0%+29.1%C$97.60BC$29.60B13.7891,000Upcoming EarningsAnalyst ForecastNews CoverageRYRoyal Bank of Canada1.1655 of 5 starsC$170.30-0.8%C$168.00-1.4%+41.3%C$240.12BC$56.51B15.0891,400Analyst ForecastTDToronto-Dominion Bank1.6284 of 5 starsC$78.23+0.3%C$87.23+11.5%-8.1%C$136.90BC$52.31B18.1193,700Analyst ForecastBMOBank of Montreal3.1281 of 5 starsC$131.48+0.1%C$124.69-5.2%+17.7%C$95.90BC$31.41B15.1346,700Analyst ForecastFFHFairfax Financial2.0788 of 5 starsC$1,950.40+1.4%C$2,025.00+3.8%+59.5%C$45.46BC$33.32B8.6819,300News CoverageKEYKeyera2.2102 of 5 starsC$46.48+3.0%C$42.58-8.4%+44.0%C$10.65BC$7B31.1917,500Analyst ForecastAnalyst RevisionHUTHut 8N/AC$34.14-3.5%N/A+1,155.1%C$3.19BC$171.99M-31.91219Analyst RevisionGap UpBLXBoralex3.5436 of 5 starsC$30.02+0.1%C$43.38+44.5%-2.5%C$3.09BC$959M32.28180Analyst RevisionSIISprott1.474 of 5 starsC$61.50+0.8%C$67.00+8.9%+47.6%C$1.56BC$182.34M28.08170Dividend IncreaseEx-DividendPositive NewsBITFBitfarms2.4697 of 5 starsC$3.03-2.6%C$6.50+114.5%+88.2%C$1.37BC$172.70M-6.22110HIVEHIVE Digital Technologies0.4459 of 5 starsC$5.78-3.7%C$9.00+55.7%+42.7%C$686.20MC$123.14M-12.2720Gap Up Related Companies and Tools Related Companies RY Competitors TD Competitors BMO Competitors FFH Competitors KEY Competitors HUT Competitors BLX Competitors SII Competitors BITF Competitors HIVE Competitors Top 10 Stock Comparisons Bank Stocks Artificial Intelligence Stocks Toy Stocks Growth Stocks Airline Stocks Chinese Stocks EV Charging Stocks Defense Stocks Lithium Stocks Pharmaceutical Stocks This page (TSE:BNS) was last updated on 11/21/2024 by MarketBeat.com Staff From Our PartnersMissed Nvidia? 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