BNS vs. RY, TD, BMO, FFH, KEY, WED, HUT, BLX, SII, and BITF
Should 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), Westaim (WED), Hut 8 (HUT), Boralex (BLX), Sprott (SII), and Bitfarms (BITF). These companies are all part of the "banking" industry.
Bank of Nova Scotia vs.
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 investment? We will compare the two businesses based on the strength of their media sentiment, valuation, earnings, profitability, community ranking, dividends, risk, analyst recommendations and institutional ownership.
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.
51.1% of Bank of Nova Scotia shares are held by institutional investors. Comparatively, 52.5% of Royal Bank of Canada 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, large money managers and endowments believe a stock is poised for long-term growth.
Royal Bank of Canada received 264 more outperform votes than Bank of Nova Scotia when rated by MarketBeat users. Likewise, 58.51% of users gave Royal Bank of Canada an outperform vote while only 54.15% of users gave Bank of Nova Scotia an outperform vote.
Bank of Nova Scotia pays an annual dividend of C$4.24 per share and has a dividend yield of 5.7%. 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.
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.
Bank of Nova Scotia has a beta of 0.97, indicating that its share price is 3% less volatile than the S&P 500. Comparatively, Royal Bank of Canada has a beta of 0.84, indicating that its share price is 16% less volatile than the S&P 500.
In the previous week, Bank of Nova Scotia had 3 more articles in the media than Royal Bank of Canada. MarketBeat recorded 5 mentions for Bank of Nova Scotia and 2 mentions for Royal Bank of Canada. Bank of Nova Scotia's average media sentiment score of 0.31 beat Royal Bank of Canada's score of 0.00 indicating that Bank of Nova Scotia is being referred to more favorably in the media.
Bank of Nova Scotia presently has a consensus price target of C$77.92, suggesting a potential upside of 5.32%. Royal Bank of Canada has a consensus price target of C$176.58, suggesting a potential upside of 1.57%. Given Bank of Nova Scotia's higher probable upside, analysts plainly believe Bank of Nova Scotia is more favorable than Royal Bank of Canada.
Summary
Royal Bank of Canada beats Bank of Nova Scotia on 15 of the 21 factors compared between the two stocks.
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.
New MarketBeat Followers Over Time
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.
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.
Bank of Nova Scotia Competitors List
Related Companies and Tools
This page (TSE:BNS) was last updated on 1/20/2025 by MarketBeat.com Staff
Free BNS Stock Alerts