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. They are good value and are safely financed, but 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 |
XX-Large |
Large companies - similar industry as Bank of Nova Scotia
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. CIBC (XXL, CA) Diversified Banks
|
1. CIBC (XXL, CA) Diversified Banks
|
76
|
|
31
|
|
69
|
|
82
|
|
2. Bank of Montreal (XXL, CA) Diversified Banks
|
2. Bank of Montreal (XXL, CA) Diversified Banks
|
54
|
|
23
|
|
77
|
|
55
|
|
3. National Bank of Canada (XXL, CA) Diversified Banks
|
3. National Bank of Canada (XXL, CA) Diversified Banks
|
25
|
|
37
|
|
89
|
|
53
|
|
4. Toronto Dominion Bank (XXL, CA) Diversified Banks
|
4. Toronto Dominion Bank (XXL, CA) Diversified Banks
|
49
|
|
11
|
|
75
|
|
47
|
|
5. U.S. Bancorp (XXL, US) Diversified Banks
|
5. U.S. Bancorp (XXL, US) Diversified Banks
|
48
|
|
35
|
|
63
|
|
46
|
|
6. Bank Of America (XXL, US) Diversified Banks
|
6. Bank Of America (XXL, US) Diversified Banks
|
31
|
|
61
|
|
18
|
|
33
|
|
7. Citigroup (XXL, US) Diversified Banks
|
7. Citigroup (XXL, US) Diversified Banks
|
80
|
|
19
|
|
25
|
|
28
|
|
8. RBC (XXL, CA) Diversified Banks
|
8. RBC (XXL, CA) Diversified Banks
|
30
|
|
29
|
|
49
|
|
18
|
|
9. JPMorgan Chase (XXL, US) Diversified Banks
|
9. JPMorgan Chase (XXL, US) Diversified Banks
|
4
|
|
55
|
|
41
|
|
12
|
|
10. Laurentian Bank of Canada (XXL, CA) Diversified Banks
|
10. Laurentian Bank of Canada (XXL, CA) Diversified Banks
|
100
|
|
1
|
|
3
|
|
9
|
|
May 2, 2024
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. Celestica (XL, CA) Electr. Manufacturing Services
|
1. Celestica (XL, CA) Electr. Manufacturing Services
|
85
|
|
77
|
|
83
|
|
100
|
|
2. West Fraser (XL, CA) Forest Products
|
2. West Fraser (XL, CA) Forest Products
|
78
|
|
91
|
|
75
|
|
100
|
|
3. Linamar (XL, CA) Auto Parts & Equipment
|
3. Linamar (XL, CA) Auto Parts & Equipment
|
88
|
|
49
|
|
100
|
|
100
|
|
4. Open Text (XL, CA) Application Software
|
4. Open Text (XL, CA) Application Software
|
100
|
|
51
|
|
57
|
|
98
|
|
5. Fairfax (XXL, CA) Property & Casualty Insurance
|
5. Fairfax (XXL, CA) Property & Casualty Insurance
|
88
|
|
53
|
|
65
|
|
96
|
|
6. ATCO (XL, CA) Multi-Utilities
|
6. ATCO (XL, CA) Multi-Utilities
|
100
|
|
27
|
|
81
|
|
93
|
|
7. Cenovus (XXL, CA) Oil & Gas Integrated
|
7. Cenovus (XXL, CA) Oil & Gas Integrated
|
73
|
|
49
|
|
84
|
|
92
|
|
8. Canfor (XL, CA) Forest Products
|
8. Canfor (XL, CA) Forest Products
|
45
|
|
79
|
|
82
|
|
92
|
|
9. Manulife Financial (XXL, CA) Life & Health Insurance
|
9. Manulife Financial (XXL, CA) Life & Health Insurance
|
70
|
|
33
|
|
100
|
|
91
|
|
10. Russel Metals (XL, CA) Trading & Distribution
|
10. Russel Metals (XL, CA) Trading & Distribution
|
94
|
|
18
|
|
96
|
|
90
|
|
May 2, 2024
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Mid sized companies - similar industry as Bank of Nova Scotia
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Fairfax India Holdings (M, CA) Asset Management & Custody
|
1. Fairfax India Holdings (M, CA) Asset Management & Custody
|
67
|
|
95
|
|
93
|
|
100
|
|
2. RLI (L, US) Property & Casualty Insurance
|
2. RLI (L, US) Property & Casualty Insurance
|
10
|
|
57
|
|
98
|
|
98
|
|
3. Onex (L, CA) Asset Management & Custody
|
3. Onex (L, CA) Asset Management & Custody
|
52
|
|
99
|
|
82
|
|
97
|
|
4. Perella Weinberg (L, US) Investment Banking & Brokerage
|
4. Perella Weinberg (L, US) Investment Banking & Brokerage
|
54
|
|
100
|
|
54
|
|
96
|
|
5. Moelis (L, US) Investment Banking & Brokerage
|
5. Moelis (L, US) Investment Banking & Brokerage
|
19
|
|
87
|
|
83
|
|
96
|
|
6. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
6. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
96
|
|
47
|
|
88
|
|
95
|
|
7. Robinhood Markets (L, US) Investment Banking & Brokerage
|
7. Robinhood Markets (L, US) Investment Banking & Brokerage
|
18
|
|
91
|
|
69
|
|
94
|
|
8. Cowen (L, US) Investment Banking & Brokerage
|
8. Cowen (L, US) Investment Banking & Brokerage
|
98
|
|
13
|
|
50
|
|
93
|
|
9. NerdWallet (M, US) Consumer Finance
|
9. NerdWallet (M, US) Consumer Finance
|
54
|
|
67
|
|
82
|
|
92
|
|
10. Piper Jaffray (L, US) Investment Banking & Brokerage
|
10. Piper Jaffray (L, US) Investment Banking & Brokerage
|
44
|
|
89
|
|
91
|
|
92
|
|
May 2, 2024
Mid sized companies - similar region as Bank of Nova Scotia
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Magellan Aerospace (M, CA) Aerospace & Defense
|
1. Magellan Aerospace (M, CA) Aerospace & Defense
|
98
|
|
71
|
|
100
|
|
100
|
|
2. Fairfax India Holdings (M, CA) Asset Management & Custody
|
2. Fairfax India Holdings (M, CA) Asset Management & Custody
|
67
|
|
95
|
|
93
|
|
100
|
|
3. Lassonde (L, CA) Packaged Foods & Meats
|
3. Lassonde (L, CA) Packaged Foods & Meats
|
96
|
|
53
|
|
79
|
|
98
|
|
4. Leon's Furniture (L, CA) Homefurnishing Retail
|
4. Leon's Furniture (L, CA) Homefurnishing Retail
|
88
|
|
69
|
|
81
|
|
98
|
|
5. Peyto (M, CA) Oil & Gas Production
|
5. Peyto (M, CA) Oil & Gas Production
|
94
|
|
93
|
|
55
|
|
98
|
|
6. Onex (L, CA) Asset Management & Custody
|
6. Onex (L, CA) Asset Management & Custody
|
52
|
|
99
|
|
82
|
|
97
|
|
7. Dundee Precious Metals (M, CA) Gold Production
|
7. Dundee Precious Metals (M, CA) Gold Production
|
84
|
|
31
|
|
98
|
|
96
|
|
8. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
8. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
96
|
|
47
|
|
88
|
|
95
|
|
9. Jamieson Wellness (M, CA) Personal Products
|
9. Jamieson Wellness (M, CA) Personal Products
|
91
|
|
67
|
|
59
|
|
93
|
|
10. Centerra (L, CA) Gold Production
|
10. Centerra (L, CA) Gold Production
|
94
|
|
23
|
|
94
|
|
92
|
|
May 2, 2024
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