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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.

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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.

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(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 show below average growth, and are riskily financed. 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.


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Country Canada
Industry Diversified Banks
Index
Size class X-Large

Large companies - similar industry as Bank of Nova Scotia

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. First Republic Bank (XL, US)  Regional Banks
1. First Republic Bank (XL, US)   Regional Banks 100 61 93 100
2. Citizens Financial Group (XL, US)  Regional Banks
2. Citizens Financial Group (XL, US)   Regional Banks 94 69 18 78
3. KeyCorp (XL, US)  Regional Banks
3. KeyCorp (XL, US)   Regional Banks 79 85 12 76
4. Citigroup (XXL, US)  Diversified Banks
4. Citigroup (XXL, US)   Diversified Banks 92 47 40 72
5. CIBC (XL, CA)  Diversified Banks
5. CIBC (XL, CA)   Diversified Banks 69 19 57 59
6. U.S. Bancorp (XXL, US)  Diversified Banks
6. U.S. Bancorp (XXL, US)   Diversified Banks 82 24 34 41
7. Bank of Montreal (XXL, CA)  Diversified Banks
7. Bank of Montreal (XXL, CA)   Diversified Banks 57 8 48 32
8. Regions Financial (XL, US)  Regional Banks
8. Regions Financial (XL, US)   Regional Banks 70 15 32 27
9. Truist Financial (XXL, US)  Regional Banks
9. Truist Financial (XXL, US)   Regional Banks 92 23 14 26
10. Huntington Bancshares (XL, US)  Regional Banks
10. Huntington Bancshares (XL, US)   Regional Banks 41 21 40 20

March 27, 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. West Fraser (XL, CA)  Forest Products
1. West Fraser (XL, CA)   Forest Products 68 99 96 100
2. Russel Metals (XL, CA)  Trading & Distribution
2. Russel Metals (XL, CA)   Trading & Distribution 93 71 93 98
3. Colliers International Group (XL, CA)  Real Estate Services
3. Colliers International Group (XL, CA)   Real Estate Services 80 56 83 97
4. Fairfax (XXL, CA)  Property & Casualty Insurance
4. Fairfax (XXL, CA)   Property & Casualty Insurance 83 55 65 96
5. Celestica (XL, CA)  Electr. Manufacturing Services
5. Celestica (XL, CA)   Electr. Manufacturing Services 49 79 83 93
6. Linamar (XL, CA)  Auto Parts & Equipment
6. Linamar (XL, CA)   Auto Parts & Equipment 85 45 98 92
7. Manulife Financial (XXL, CA)  Life & Health Insurance
7. Manulife Financial (XXL, CA)   Life & Health Insurance 47 59 100 91
8. Imperial (XXL, CA)  Oil & Gas Integrated
8. Imperial (XXL, CA)   Oil & Gas Integrated 35 71 95 89
9. Methanex (XL, CA)  Commodity Chemicals
9. Methanex (XL, CA)   Commodity Chemicals 96 37 68 88
10. MEG Energy (XL, CA)  Oil & Gas Production
10. MEG Energy (XL, CA)   Oil & Gas Production 54 62 88 88

March 27, 2025


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Mid sized companies - similar industry as Bank of Nova Scotia

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Berkshire Hills Bancorp (M, US)  Regional Banks
1. Berkshire Hills Bancorp (M, US)   Regional Banks 49 100 88 100
2. Northwest Bancshares (M, US)  Regional Banks
2. Northwest Bancshares (M, US)   Regional Banks 74 68 94 98
3. WesBanco (M, US)  Regional Banks
3. WesBanco (M, US)   Regional Banks 65 100 64 96
4. Renasant (M, US)  Regional Banks
4. Renasant (M, US)   Regional Banks 66 100 60 96
5. Valley National Bancorp (L, US)  Regional Banks
5. Valley National Bancorp (L, US)   Regional Banks 100 91 48 96
6. Trustmark (M, US)  Regional Banks
6. Trustmark (M, US)   Regional Banks 70 47 92 94
7. Independent Bank (M, US)  Regional Banks
7. Independent Bank (M, US)   Regional Banks 48 73 88 92
8. Bank OZK (L, US)  Regional Banks
8. Bank OZK (L, US)   Regional Banks 88 44 86 90
9. Pathward Financial (M, US)  Regional Banks
9. Pathward Financial (M, US)   Regional Banks 30 80 100 90
10. Atlantic Union Bankshares (M, US)  Regional Banks
10. Atlantic Union Bankshares (M, US)   Regional Banks 88 87 32 88

March 27, 2025


Mid sized companies - similar region as Bank of Nova Scotia

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Lightspeed Commerce (L, CA)  Application Software
1. Lightspeed Commerce (L, CA)   Application Software 78 97 77 100
2. IGM Financial (L, CA)  Asset Management & Custody
2. IGM Financial (L, CA)   Asset Management & Custody 93 71 63 100
3. Magellan Aerospace (M, CA)  Aerospace & Defense
3. Magellan Aerospace (M, CA)   Aerospace & Defense 93 91 98 100
4. SSR Mining (L, CA)  Gold Production
4. SSR Mining (L, CA)   Gold Production 96 100 88 100
5. Jamieson Wellness (M, CA)  Personal Products
5. Jamieson Wellness (M, CA)   Personal Products 92 85 65 100
6. Paramount (L, CA)  Oil & Gas Production
6. Paramount (L, CA)   Oil & Gas Production 96 44 100 100
7. Lassonde (L, CA)  Packaged Foods & Meats
7. Lassonde (L, CA)   Packaged Foods & Meats 82 99 83 100
8. Canaccord Genuity (L, CA)  Investment Banking & Brokerage
8. Canaccord Genuity (L, CA)   Investment Banking & Brokerage 98 47 75 98
9. Enghouse Systems (M, CA)  Application Software
9. Enghouse Systems (M, CA)   Application Software 95 21 100 98
10. The North West (L, CA)  Food Retail
10. The North West (L, CA)   Food Retail 71 81 71 98

March 27, 2025



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