More stocks to consider
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
Log in or sign up to see the new 360° View and Sentiment ranks.
| 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. Federal Home Loan Mortgage (XL, US) Thrifts & Mortgage Finance
|
|
1. Federal Home Loan Mortgage (XL, US) Thrifts & Mortgage Finance
|
36
|
|
69
|
|
78
|
|
80
|
|
|
2. Goldman Sachs (XXL, US) Investment Banking & Brokerage
|
|
2. Goldman Sachs (XXL, US) Investment Banking & Brokerage
|
78
|
|
72
|
|
28
|
|
80
|
|
|
3. Federal National Mortgage Association (XL, US) Thrifts & Mortgage Finance
|
|
3. Federal National Mortgage Association (XL, US) Thrifts & Mortgage Finance
|
90
|
|
69
|
|
22
|
|
77
|
|
|
4. BlackRock (XL, US) Asset Management & Custody
|
|
4. BlackRock (XL, US) Asset Management & Custody
|
42
|
|
42
|
|
91
|
|
69
|
|
|
5. Northern Trust (XL, US) Asset Management & Custody
|
|
5. Northern Trust (XL, US) Asset Management & Custody
|
13
|
|
71
|
|
55
|
|
51
|
|
|
6. Arthur J. Gallagher (XL, US) Insurance Brokers
|
|
6. Arthur J. Gallagher (XL, US) Insurance Brokers
|
16
|
|
96
|
|
64
|
|
43
|
|
|
7. Morgan Stanley (XXL, US) Investment Banking & Brokerage
|
|
7. Morgan Stanley (XXL, US) Investment Banking & Brokerage
|
55
|
|
51
|
|
25
|
|
38
|
|
|
8. Intercontinental Exchange (XL, US) Financial Exchanges & Data
|
|
8. Intercontinental Exchange (XL, US) Financial Exchanges & Data
|
40
|
|
20
|
|
67
|
|
35
|
|
|
9. Raymond James Financial (XL, US) Investment Banking & Brokerage
|
|
9. Raymond James Financial (XL, US) Investment Banking & Brokerage
|
64
|
|
21
|
|
39
|
|
32
|
|
|
10. Ameriprise Financial (XL, US) Asset Management & Custody
|
|
10. Ameriprise Financial (XL, US) Asset Management & Custody
|
47
|
|
12
|
|
71
|
|
31
|
|
August 21, 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. Imperial (XL, CA) Oil & Gas Integrated
|
|
1. Imperial (XL, CA) Oil & Gas Integrated
|
14
|
|
75
|
|
99
|
|
82
|
|
|
2. Canadian Pacific Railway (XL, CA) Railroads
|
|
2. Canadian Pacific Railway (XL, CA) Railroads
|
26
|
|
81
|
|
88
|
|
87
|
|
|
3. Cenovus (XL, CA) Oil & Gas Integrated
|
|
3. Cenovus (XL, CA) Oil & Gas Integrated
|
84
|
|
5
|
|
89
|
|
78
|
|
|
4. Loblaw (XL, CA) Food Retail
|
|
4. Loblaw (XL, CA) Food Retail
|
78
|
|
91
|
|
20
|
|
79
|
|
|
5. CGI (XL, CA) IT Consulting & oth. Services
|
|
5. CGI (XL, CA) IT Consulting & oth. Services
|
95
|
|
31
|
|
67
|
|
83
|
|
|
6. Canadian Natural Resources (XL, CA) Oil & Gas Production
|
|
6. Canadian Natural Resources (XL, CA) Oil & Gas Production
|
56
|
|
26
|
|
71
|
|
56
|
|
|
7. Rogers Communications (XL, CA) Wireless Telecommunication
|
|
7. Rogers Communications (XL, CA) Wireless Telecommunication
|
52
|
|
63
|
|
67
|
|
75
|
|
|
8. Alimentation Couche-Tard Inc. (XL, CA) Food Retail
|
|
8. Alimentation Couche-Tard Inc. (XL, CA) Food Retail
|
51
|
|
33
|
|
54
|
|
32
|
|
|
9. Suncor (XL, CA) Oil & Gas Integrated
|
|
9. Suncor (XL, CA) Oil & Gas Integrated
|
56
|
|
27
|
|
83
|
|
62
|
|
|
10. Restaurant Brands International (XL, CA) Restaurants
|
|
10. Restaurant Brands International (XL, CA) Restaurants
|
57
|
|
59
|
|
56
|
|
65
|
|
August 21, 2025
Find more stock ideas
Use your own criteria to filter for stocks or sign up for the latest Top 10 Stock tips.
Log in or Sign up
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
|
83
|
|
51
|
|
29
|
|
69
|
|
|
2. CIBC (M, CA) Diversified Banks
|
|
2. CIBC (M, CA) Diversified Banks
|
53
|
|
43
|
|
53
|
|
61
|
|
|
3. National Bank of Canada (M, CA) Diversified Banks
|
|
3. National Bank of Canada (M, CA) Diversified Banks
|
13
|
|
85
|
|
27
|
|
43
|
|
|
4. U.S. Bancorp (M, US) Diversified Banks
|
|
4. U.S. Bancorp (M, US) Diversified Banks
|
71
|
|
27
|
|
33
|
|
41
|
|
|
5. M&T Bank (M, US) Regional Banks
|
|
5. M&T Bank (M, US) Regional Banks
|
45
|
|
49
|
|
31
|
|
33
|
|
|
6. Truist Financial (M, US) Regional Banks
|
|
6. Truist Financial (M, US) Regional Banks
|
85
|
|
15
|
|
9
|
|
23
|
|
|
7. Bank of Montreal (M, CA) Diversified Banks
|
|
7. Bank of Montreal (M, CA) Diversified Banks
|
35
|
|
23
|
|
45
|
|
15
|
|
|
8. Bank Of America (M, US) Diversified Banks
|
|
8. Bank Of America (M, US) Diversified Banks
|
21
|
|
55
|
|
11
|
|
15
|
|
|
9. JPMorgan Chase (M, US) Diversified Banks
|
|
9. JPMorgan Chase (M, US) Diversified Banks
|
5
|
|
41
|
|
29
|
|
7
|
|
|
10. RBC (M, CA) Diversified Banks
|
|
10. RBC (M, CA) Diversified Banks
|
3
|
|
21
|
|
39
|
|
5
|
|
August 21, 2025
Mid sized companies - similar region as Bank of Nova Scotia
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. The North West (M, CA) Food Retail
|
|
1. The North West (M, CA) Food Retail
|
74
|
|
89
|
|
75
|
|
98
|
|
|
2. Russel Metals (M, CA) Trading & Distribution
|
|
2. Russel Metals (M, CA) Trading & Distribution
|
91
|
|
59
|
|
93
|
|
100
|
|
|
3. Canadian Utilities (M, CA) Multi-Utilities
|
|
3. Canadian Utilities (M, CA) Multi-Utilities
|
89
|
|
97
|
|
67
|
|
100
|
|
|
4. Sun Life Financial (L, CA) Life & Health Insurance
|
|
4. Sun Life Financial (L, CA) Life & Health Insurance
|
50
|
|
26
|
|
32
|
|
21
|
|
|
5. Fairfax (L, CA) Property & Casualty Insurance
|
|
5. Fairfax (L, CA) Property & Casualty Insurance
|
60
|
|
58
|
|
65
|
|
96
|
|
|
6. Whitecap Resources (M, CA) Oil & Gas Production
|
|
6. Whitecap Resources (M, CA) Oil & Gas Production
|
80
|
|
91
|
|
67
|
|
100
|
|
|
7. Barrick Gold (L, CA) Gold Production
|
|
7. Barrick Gold (L, CA) Gold Production
|
88
|
|
77
|
|
63
|
|
96
|
|
|
8. Toromont (M, CA) Trading & Distribution
|
|
8. Toromont (M, CA) Trading & Distribution
|
25
|
|
95
|
|
74
|
|
79
|
|
|
9. Nutrien (L, CA) Fertilizers & Agricultural Chemicals
|
|
9. Nutrien (L, CA) Fertilizers & Agricultural Chemicals
|
88
|
|
55
|
|
74
|
|
93
|
|
|
10. Fortis (M, CA) Electric Utilities
|
|
10. Fortis (M, CA) Electric Utilities
|
63
|
|
61
|
|
80
|
|
90
|
|
August 21, 2025
Obermatt Portfolio Performance
We’re so convinced about our research, that we buy our stock tips.
See the performance of the Obermatt portfolio.
360° Viewnew
Sentiment Ranknew 
