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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.

(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.


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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 97 57 97 100
2. Citizens Financial Group (XL, US)  Regional Banks
2. Citizens Financial Group (XL, US)   Regional Banks 93 66 33 89
3. KeyCorp (XL, US)  Regional Banks
3. KeyCorp (XL, US)   Regional Banks 73 95 25 85
4. Citigroup (XXL, US)  Diversified Banks
4. Citigroup (XXL, US)   Diversified Banks 69 59 35 67
5. CIBC (XL, CA)  Diversified Banks
5. CIBC (XL, CA)   Diversified Banks 53 35 51 59
6. Bank of Montreal (XXL, CA)  Diversified Banks
6. Bank of Montreal (XXL, CA)   Diversified Banks 55 33 43 45
7. Regions Financial (XL, US)  Regional Banks
7. Regions Financial (XL, US)   Regional Banks 67 27 31 29
8. U.S. Bancorp (XXL, US)  Diversified Banks
8. U.S. Bancorp (XXL, US)   Diversified Banks 65 31 25 29
9. Toronto Dominion Bank (XXL, CA)  Diversified Banks
9. Toronto Dominion Bank (XXL, CA)   Diversified Banks 43 11 59 15
10. Huntington Bancshares (XL, US)  Regional Banks
10. Huntington Bancshares (XL, US)   Regional Banks 27 39 17 13

July 3, 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. Russel Metals (XL, CA)  Trading & Distribution
1. Russel Metals (XL, CA)   Trading & Distribution 89 93 93 100
2. Methanex (XL, CA)  Commodity Chemicals
2. Methanex (XL, CA)   Commodity Chemicals 98 55 75 100
3. West Fraser (XL, CA)  Forest Products
3. West Fraser (XL, CA)   Forest Products 76 100 92 100
4. ATCO (XL, CA)  Multi-Utilities
4. ATCO (XL, CA)   Multi-Utilities 97 57 81 97
5. Fairfax (XXL, CA)  Property & Casualty Insurance
5. Fairfax (XXL, CA)   Property & Casualty Insurance 59 61 65 96
6. Barrick Gold (XL, CA)  Gold Production
6. Barrick Gold (XL, CA)   Gold Production 90 69 67 94
7. Capital Power (XL, CA)  Power Producers & Traders
7. Capital Power (XL, CA)   Power Producers & Traders 67 55 99 93
8. CGI (XL, CA)  IT Consulting & oth. Services
8. CGI (XL, CA)   IT Consulting & oth. Services 92 59 70 93
9. Linamar (XL, CA)  Auto Parts & Equipment
9. Linamar (XL, CA)   Auto Parts & Equipment 85 41 94 92
10. Manulife Financial (XXL, CA)  Life & Health Insurance
10. Manulife Financial (XXL, CA)   Life & Health Insurance 61 35 100 91

July 3, 2025


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Mid sized companies - similar industry as Bank of Nova Scotia

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Valley National Bancorp (L, US)  Regional Banks
1. Valley National Bancorp (L, US)   Regional Banks 100 100 59 100
2. Northwest Bancshares (M, US)  Regional Banks
2. Northwest Bancshares (M, US)   Regional Banks 75 65 93 99
3. Berkshire Hills Bancorp (M, US)  Regional Banks
3. Berkshire Hills Bancorp (M, US)   Regional Banks 77 61 75 96
4. WesBanco (M, US)  Regional Banks
4. WesBanco (M, US)   Regional Banks 87 99 39 93
5. Bank OZK (L, US)  Regional Banks
5. Bank OZK (L, US)   Regional Banks 85 47 81 91
6. Renasant (M, US)  Regional Banks
6. Renasant (M, US)   Regional Banks 41 100 65 89
7. Columbia Banking Systems (L, US)  Regional Banks
7. Columbia Banking Systems (L, US)   Regional Banks 99 53 39 87
8. Independent Bank (M, US)  Regional Banks
8. Independent Bank (M, US)   Regional Banks 61 77 61 87
9. Pathward Financial (M, US)  Regional Banks
9. Pathward Financial (M, US)   Regional Banks 33 57 100 85
10. Eastern Bankshares (M, US)  Regional Banks
10. Eastern Bankshares (M, US)   Regional Banks 65 95 35 85

July 3, 2025


Mid sized companies - similar region as Bank of Nova Scotia

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. SSR Mining (L, CA)  Gold Production
1. SSR Mining (L, CA)   Gold Production 90 100 86 100
2. Magellan Aerospace (M, CA)  Aerospace & Defense
2. Magellan Aerospace (M, CA)   Aerospace & Defense 91 69 98 100
3. Whitecap Resources (L, CA)  Oil & Gas Production
3. Whitecap Resources (L, CA)   Oil & Gas Production 69 99 65 100
4. Parex Resources (L, CA)  Oil & Gas Production
4. Parex Resources (L, CA)   Oil & Gas Production 99 45 100 100
5. Paramount (L, CA)  Oil & Gas Production
5. Paramount (L, CA)   Oil & Gas Production 59 71 100 99
6. Rogers Sugar (L, CA)  Packaged Foods & Meats
6. Rogers Sugar (L, CA)   Packaged Foods & Meats 92 77 57 98
7. Mullen (L, CA)  Trucking
7. Mullen (L, CA)   Trucking 98 57 81 98
8. Winpak (L, CA)  Metal & Glass Containers
8. Winpak (L, CA)   Metal & Glass Containers 38 85 100 98
9. Sundial Growers (M, CA)  Pharmaceuticals
9. Sundial Growers (M, CA)   Pharmaceuticals 86 64 75 96
10. Dundee Precious Metals (M, CA)  Gold Production
10. Dundee Precious Metals (M, CA)   Gold Production 62 67 98 96

July 3, 2025



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