Bank of Nova Scotia (BNS) Competitors C$77.09 +0.19 (+0.25%) (As of 12/20/2024 05:17 PM 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 better stock? We will compare the two companies based on the strength of their risk, analyst recommendations, community ranking, institutional ownership, media sentiment, valuation, dividends, earnings and profitability. Do insiders and institutionals believe in BNS or RY? 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, endowments and large money managers believe a stock will outperform the market over the long term. 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. Does the media favor BNS or RY? In the previous week, Royal Bank of Canada had 3 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 7 mentions for Royal Bank of Canada and 4 mentions for Bank of Nova Scotia. Bank of Nova Scotia's average media sentiment score of 0.39 beat Royal Bank of Canada's score of 0.33 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) 3 Neutral mention(s) 0 Negative mention(s) 0 Very Negative mention(s) Neutral Royal Bank of Canada 2 Very Positive mention(s) 1 Positive mention(s) 3 Neutral mention(s) 0 Negative mention(s) 0 Very Negative mention(s) Neutral Do analysts prefer BNS or RY? Bank of Nova Scotia currently has a consensus target price of C$76.73, indicating a potential downside of 0.47%. Royal Bank of Canada has a consensus target price of C$176.58, indicating a potential upside of 1.84%. Given Royal Bank of Canada's stronger consensus rating and higher possible 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) 2 Hold rating(s) 6 Buy rating(s) 3 Strong Buy rating(s) 3.09 Which has stronger valuation and earnings, 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$29.60B3.23C$7.05BC$5.7113.50Royal Bank of CanadaC$56.51B4.33C$15.90BC$11.2915.36 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 5.5%. 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. 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% 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, 58.51% of users gave Royal Bank of Canada an outperform vote while only 54.16% of users gave Bank of Nova Scotia an outperform vote. CompanyUnderperformOutperformBank of Nova ScotiaOutperform Votes48854.16% Underperform Votes41345.84% Royal Bank of CanadaOutperform Votes75358.51% Underperform Votes53441.49% SummaryRoyal Bank of Canada beats Bank of Nova Scotia on 17 of the 21 factors compared between the two stocks. Ad Crypto Swap ProfitsURGENT: This Altcoin Opportunity Won’t Wait – Act NowCrypto has officially entered the "banana zone" – that wild phase where prices can 1000x in days. It happens like clockwork every 4 years, during the December to February window of a Bitcoin halving year. This is where fortunes are made – often LITERALLY overnight.>> Register for the Workshop Now 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$95.59BC$87.39BC$3.30BC$5.82BDividend Yield5.82%4.73%4.55%5.78%P/E Ratio13.50181.09444.8826.08Price / Sales3.2378.993,024.361,299.55Price / Cash0.200.1748.4179.99Price / Book1.171.201.483.06Net IncomeC$7.05BC$7.94BC$398.57MC$291.80M7 Day Performance-2.32%-1.74%5.40%-2.47%1 Month Performance-1.80%-1.04%14.21%-0.74%1 Year Performance22.52%45.56%9.55%33.90% Bank of Nova Scotia Competitors List Export to ExcelCompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)BNSBank of Nova Scotia1.8086 of 5 starsC$77.09+0.2%C$76.73-0.5%+23.6%C$95.59BC$29.60B13.5091,000High Trading VolumeRYRoyal Bank of Canada1.1566 of 5 starsC$177.15-0.1%C$176.58-0.3%+31.0%C$249.78BC$56.51B15.7191,400Insider TradeTDToronto-Dominion Bank2.8664 of 5 starsC$75.52-0.5%C$86.67+14.8%-10.0%C$132.16BC$52.31B17.5693,700Analyst UpgradeBMOBank of Montreal1.9147 of 5 starsC$140.25-0.5%C$131.33-6.4%+9.0%C$102.30BC$31.41B16.2346,700FFHFairfax Financial1.5176 of 5 starsC$2,004.00+0.6%C$2,025.00+1.0%+69.0%C$46.71BC$33.32B8.8719,300Positive NewsKEYKeyera2.2543 of 5 starsC$43.32-0.2%C$43.62+0.7%+35.6%C$9.93BC$7B29.1417,500Dividend AnnouncementHUTHut 8N/AC$44.33+13.9%N/A+109.1%C$4.14BC$171.99M-39.16219Gap UpBLXBoralex2.855 of 5 starsC$29.13+0.5%C$43.38+48.9%-10.8%C$2.99BC$959M31.17180SIISprott0.8764 of 5 starsC$62.47+0.3%C$67.00+7.3%+39.2%C$1.59BC$182.34M28.45170News CoverageBITFBitfarms1.7162 of 5 starsC$3.06+10.9%C$6.50+112.4%-33.6%C$1.39BC$172.70M-5.92110Gap UpHIVEHIVE Digital Technologies0.279 of 5 starsC$5.90+8.1%C$9.00+52.5%-20.3%C$700.45MC$123.14M-11.7920Gap 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 12/21/2024 by MarketBeat.com Staff From Our PartnersAmazon coin set to soar 25X – starting December 16th?This tiny 3-cent crypto just partnered with one of the biggest companies in the world… Amazon. 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