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Alternative stocks to Bank of Nova Scotia (TSX:BNS)
These are the alternatives to Bank of Nova Scotia that fall within the same industry, Diversified Banks, or region, Canada.
How to read the ranks
For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".
Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".
Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.
Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.
(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).
(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.
See Bank of Nova Scotia Performance
Bank of Nova Scotia stock research in summary
scotiabank.com
Bank of Nova Scotia shares are less expensive than other comparable stocks. While they are good value, they are riskily financed, and show below average growth. We recommend evaluating whether the future of the company Bank of Nova Scotia is really as difficult as the low price of the stock suggests. If you believe that the future of the company is market-typical or even better, then this could be an argument for a share purchase.
Latest Obermatt Ranks
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| Country |
Canada |
| Industry |
Diversified Banks |
| Index |
|
| Size class |
Medium |
Large companies - similar industry as Bank of Nova Scotia
| Similar Stocks |
 VALUEVVV
|
 GROWTHVV
|
 SAFETYVV
|
 COMBINED
|
|
1. BlackRock (XL, US) Asset Management & Custody
|
|
1. BlackRock (XL, US) Asset Management & Custody
|
40
|
|
51
|
|
96
|
|
80
|
|
|
2. Federal National Mortgage Association (XL, US) Thrifts & Mortgage Finance
|
|
2. Federal National Mortgage Association (XL, US) Thrifts & Mortgage Finance
|
93
|
|
71
|
|
18
|
|
76
|
|
|
3. Charles Schwab (XXL, US) Investment Banking & Brokerage
|
|
3. Charles Schwab (XXL, US) Investment Banking & Brokerage
|
37
|
|
93
|
|
34
|
|
59
|
|
|
4. Intercontinental Exchange (XL, US) Financial Exchanges & Data
|
|
4. Intercontinental Exchange (XL, US) Financial Exchanges & Data
|
48
|
|
35
|
|
68
|
|
49
|
|
|
5. Federal Home Loan Mortgage (XL, US) Thrifts & Mortgage Finance
|
|
5. Federal Home Loan Mortgage (XL, US) Thrifts & Mortgage Finance
|
35
|
|
27
|
|
78
|
|
46
|
|
|
6. Goldman Sachs (XXL, US) Investment Banking & Brokerage
|
|
6. Goldman Sachs (XXL, US) Investment Banking & Brokerage
|
71
|
|
67
|
|
13
|
|
46
|
|
|
7. Raymond James Financial (XL, US) Investment Banking & Brokerage
|
|
7. Raymond James Financial (XL, US) Investment Banking & Brokerage
|
55
|
|
33
|
|
52
|
|
45
|
|
|
8. Brookfield Corp (XXL, CA) Asset Management & Custody
|
|
8. Brookfield Corp (XXL, CA) Asset Management & Custody
|
26
|
|
63
|
|
53
|
|
45
|
|
|
9. Arthur J. Gallagher (XL, US) Insurance Brokers
|
|
9. Arthur J. Gallagher (XL, US) Insurance Brokers
|
23
|
|
99
|
|
64
|
|
43
|
|
|
10. Berkshire Hathaway (XXL, US) Multi-Sector Holdings
|
|
10. Berkshire Hathaway (XXL, US) Multi-Sector Holdings
|
11
|
|
25
|
|
96
|
|
36
|
|
July 24, 2025
Why popular stocks have low ratings
It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.
Large companies - similar region as Bank of Nova Scotia
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. CGI (XL, CA) IT Consulting & oth. Services
|
|
1. CGI (XL, CA) IT Consulting & oth. Services
|
92
|
|
55
|
|
63
|
|
91
|
|
|
2. Suncor (XL, CA) Oil & Gas Integrated
|
|
2. Suncor (XL, CA) Oil & Gas Integrated
|
79
|
|
19
|
|
89
|
|
83
|
|
|
3. Cenovus (XL, CA) Oil & Gas Integrated
|
|
3. Cenovus (XL, CA) Oil & Gas Integrated
|
87
|
|
5
|
|
89
|
|
71
|
|
|
4. Imperial (XL, CA) Oil & Gas Integrated
|
|
4. Imperial (XL, CA) Oil & Gas Integrated
|
15
|
|
73
|
|
95
|
|
69
|
|
|
5. Canadian Natural Resources (XL, CA) Oil & Gas Production
|
|
5. Canadian Natural Resources (XL, CA) Oil & Gas Production
|
65
|
|
22
|
|
69
|
|
57
|
|
|
6. Canadian Pacific Railway (XL, CA) Railroads
|
|
6. Canadian Pacific Railway (XL, CA) Railroads
|
24
|
|
58
|
|
85
|
|
52
|
|
|
7. Restaurant Brands International (XL, CA) Restaurants
|
|
7. Restaurant Brands International (XL, CA) Restaurants
|
53
|
|
39
|
|
68
|
|
51
|
|
|
8. Brookfield Corp (XXL, CA) Asset Management & Custody
|
|
8. Brookfield Corp (XXL, CA) Asset Management & Custody
|
26
|
|
63
|
|
53
|
|
45
|
|
|
9. Canadian National Railway (XL, CA) Railroads
|
|
9. Canadian National Railway (XL, CA) Railroads
|
44
|
|
40
|
|
62
|
|
39
|
|
|
10. WSP Global (XL, CA) Construction & Engineering
|
|
10. WSP Global (XL, CA) Construction & Engineering
|
43
|
|
75
|
|
28
|
|
37
|
|
July 24, 2025
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Mid sized companies - similar industry as Bank of Nova Scotia
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. Citigroup (M, US) Diversified Banks
|
|
1. Citigroup (M, US) Diversified Banks
|
67
|
|
75
|
|
41
|
|
81
|
|
|
2. CIBC (M, CA) Diversified Banks
|
|
2. CIBC (M, CA) Diversified Banks
|
55
|
|
27
|
|
45
|
|
49
|
|
|
3. Bank of Montreal (M, CA) Diversified Banks
|
|
3. Bank of Montreal (M, CA) Diversified Banks
|
51
|
|
33
|
|
47
|
|
47
|
|
|
4. U.S. Bancorp (M, US) Diversified Banks
|
|
4. U.S. Bancorp (M, US) Diversified Banks
|
73
|
|
21
|
|
33
|
|
33
|
|
|
5. National Bank of Canada (M, CA) Diversified Banks
|
|
5. National Bank of Canada (M, CA) Diversified Banks
|
21
|
|
55
|
|
31
|
|
25
|
|
|
6. Truist Financial (M, US) Regional Banks
|
|
6. Truist Financial (M, US) Regional Banks
|
89
|
|
14
|
|
5
|
|
13
|
|
|
7. RBC (M, CA) Diversified Banks
|
|
7. RBC (M, CA) Diversified Banks
|
15
|
|
13
|
|
41
|
|
9
|
|
|
8. PNC Financial Services (M, US) Regional Banks
|
|
8. PNC Financial Services (M, US) Regional Banks
|
17
|
|
43
|
|
5
|
|
9
|
|
|
9. Fifth Third Bancorp (M, US) Regional Banks
|
|
9. Fifth Third Bancorp (M, US) Regional Banks
|
25
|
|
21
|
|
13
|
|
7
|
|
|
10. Bank Of America (M, US) Diversified Banks
|
|
10. Bank Of America (M, US) Diversified Banks
|
37
|
|
19
|
|
9
|
|
6
|
|
July 24, 2025
Mid sized companies - similar region as Bank of Nova Scotia
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. Russel Metals (M, CA) Trading & Distribution
|
|
1. Russel Metals (M, CA) Trading & Distribution
|
85
|
|
95
|
|
93
|
|
100
|
|
|
2. Methanex (M, CA) Commodity Chemicals
|
|
2. Methanex (M, CA) Commodity Chemicals
|
98
|
|
59
|
|
84
|
|
100
|
|
|
3. West Fraser (L, CA) Forest Products
|
|
3. West Fraser (L, CA) Forest Products
|
78
|
|
100
|
|
92
|
|
100
|
|
|
4. Canadian Utilities (M, CA) Multi-Utilities
|
|
4. Canadian Utilities (M, CA) Multi-Utilities
|
85
|
|
100
|
|
47
|
|
97
|
|
|
5. Linamar (L, CA) Auto Parts & Equipment
|
|
5. Linamar (L, CA) Auto Parts & Equipment
|
86
|
|
45
|
|
92
|
|
96
|
|
|
6. Fairfax (L, CA) Property & Casualty Insurance
|
|
6. Fairfax (L, CA) Property & Casualty Insurance
|
57
|
|
57
|
|
65
|
|
96
|
|
|
7. The North West (M, CA) Food Retail
|
|
7. The North West (M, CA) Food Retail
|
77
|
|
75
|
|
76
|
|
96
|
|
|
8. ATCO (M, CA) Multi-Utilities
|
|
8. ATCO (M, CA) Multi-Utilities
|
97
|
|
53
|
|
81
|
|
95
|
|
|
9. Whitecap Resources (M, CA) Oil & Gas Production
|
|
9. Whitecap Resources (M, CA) Oil & Gas Production
|
61
|
|
97
|
|
67
|
|
95
|
|
|
10. Tourmaline Oil (M, CA) Oil & Gas Production
|
|
10. Tourmaline Oil (M, CA) Oil & Gas Production
|
53
|
|
77
|
|
78
|
|
93
|
|
July 24, 2025
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