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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 |
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
|
99
|
|
61
|
|
97
|
|
100
|
|
|
2. KeyCorp (XL, US) Regional Banks
|
|
2. KeyCorp (XL, US) Regional Banks
|
85
|
|
91
|
|
29
|
|
89
|
|
|
3. Citizens Financial Group (XL, US) Regional Banks
|
|
3. Citizens Financial Group (XL, US) Regional Banks
|
91
|
|
57
|
|
31
|
|
73
|
|
|
4. Citigroup (XXL, US) Diversified Banks
|
|
4. Citigroup (XXL, US) Diversified Banks
|
81
|
|
57
|
|
31
|
|
71
|
|
|
5. CIBC (XL, CA) Diversified Banks
|
|
5. CIBC (XL, CA) Diversified Banks
|
51
|
|
33
|
|
53
|
|
57
|
|
|
6. Bank of Montreal (XXL, CA) Diversified Banks
|
|
6. Bank of Montreal (XXL, CA) Diversified Banks
|
55
|
|
31
|
|
47
|
|
45
|
|
|
7. U.S. Bancorp (XXL, US) Diversified Banks
|
|
7. U.S. Bancorp (XXL, US) Diversified Banks
|
67
|
|
41
|
|
33
|
|
41
|
|
|
8. Regions Financial (XL, US) Regional Banks
|
|
8. Regions Financial (XL, US) Regional Banks
|
63
|
|
33
|
|
27
|
|
29
|
|
|
9. Toronto Dominion Bank (XXL, CA) Diversified Banks
|
|
9. Toronto Dominion Bank (XXL, CA) Diversified Banks
|
45
|
|
5
|
|
59
|
|
15
|
|
|
10. Huntington Bancshares (XL, US) Regional Banks
|
|
10. Huntington Bancshares (XL, US) Regional Banks
|
29
|
|
35
|
|
21
|
|
13
|
|
June 12, 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. Methanex (XL, CA) Commodity Chemicals
|
|
1. Methanex (XL, CA) Commodity Chemicals
|
98
|
|
51
|
|
75
|
|
100
|
|
|
2. West Fraser (XL, CA) Forest Products
|
|
2. West Fraser (XL, CA) Forest Products
|
66
|
|
98
|
|
92
|
|
100
|
|
|
3. Russel Metals (XL, CA) Trading & Distribution
|
|
3. Russel Metals (XL, CA) Trading & Distribution
|
85
|
|
61
|
|
96
|
|
98
|
|
|
4. Fairfax (XXL, CA) Property & Casualty Insurance
|
|
4. Fairfax (XXL, CA) Property & Casualty Insurance
|
71
|
|
63
|
|
65
|
|
96
|
|
|
5. Canadian Tire (XXL, CA) General Merchandise Stores
|
|
5. Canadian Tire (XXL, CA) General Merchandise Stores
|
85
|
|
51
|
|
62
|
|
96
|
|
|
6. Barrick Gold (XL, CA) Gold Production
|
|
6. Barrick Gold (XL, CA) Gold Production
|
92
|
|
70
|
|
67
|
|
96
|
|
|
7. Capital Power (XL, CA) Power Producers & Traders
|
|
7. Capital Power (XL, CA) Power Producers & Traders
|
59
|
|
49
|
|
99
|
|
91
|
|
|
8. Manulife Financial (XXL, CA) Life & Health Insurance
|
|
8. Manulife Financial (XXL, CA) Life & Health Insurance
|
59
|
|
35
|
|
100
|
|
91
|
|
|
9. CGI (XL, CA) IT Consulting & oth. Services
|
|
9. CGI (XL, CA) IT Consulting & oth. Services
|
92
|
|
56
|
|
70
|
|
90
|
|
|
10. Martinrea (XL, CA) Auto Parts & Equipment
|
|
10. Martinrea (XL, CA) Auto Parts & Equipment
|
99
|
|
71
|
|
37
|
|
90
|
|
June 12, 2025
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Mid sized companies - similar industry as Bank of Nova Scotia
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. Northwest Bancshares (M, US) Regional Banks
|
|
1. Northwest Bancshares (M, US) Regional Banks
|
85
|
|
65
|
|
93
|
|
99
|
|
|
2. Valley National Bancorp (L, US) Regional Banks
|
|
2. Valley National Bancorp (L, US) Regional Banks
|
100
|
|
97
|
|
59
|
|
99
|
|
|
3. Berkshire Hills Bancorp (M, US) Regional Banks
|
|
3. Berkshire Hills Bancorp (M, US) Regional Banks
|
65
|
|
77
|
|
77
|
|
95
|
|
|
4. Western Alliance Bank (L, US) Regional Banks
|
|
4. Western Alliance Bank (L, US) Regional Banks
|
63
|
|
93
|
|
43
|
|
95
|
|
|
5. Bank OZK (L, US) Regional Banks
|
|
5. Bank OZK (L, US) Regional Banks
|
89
|
|
49
|
|
83
|
|
93
|
|
|
6. WesBanco (M, US) Regional Banks
|
|
6. WesBanco (M, US) Regional Banks
|
85
|
|
100
|
|
37
|
|
91
|
|
|
7. Columbia Banking Systems (L, US) Regional Banks
|
|
7. Columbia Banking Systems (L, US) Regional Banks
|
99
|
|
55
|
|
39
|
|
89
|
|
|
8. Pathward Financial (M, US) Regional Banks
|
|
8. Pathward Financial (M, US) Regional Banks
|
33
|
|
67
|
|
100
|
|
89
|
|
|
9. Renasant (M, US) Regional Banks
|
|
9. Renasant (M, US) Regional Banks
|
39
|
|
100
|
|
63
|
|
87
|
|
|
10. Independent Bank (M, US) Regional Banks
|
|
10. Independent Bank (M, US) Regional Banks
|
47
|
|
85
|
|
61
|
|
85
|
|
June 12, 2025
Mid sized companies - similar region as Bank of Nova Scotia
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. Sundial Growers (M, CA) Pharmaceuticals
|
|
1. Sundial Growers (M, CA) Pharmaceuticals
|
88
|
|
57
|
|
68
|
|
100
|
|
|
2. SSR Mining (L, CA) Gold Production
|
|
2. SSR Mining (L, CA) Gold Production
|
86
|
|
100
|
|
86
|
|
100
|
|
|
3. Magellan Aerospace (M, CA) Aerospace & Defense
|
|
3. Magellan Aerospace (M, CA) Aerospace & Defense
|
89
|
|
74
|
|
98
|
|
100
|
|
|
4. Mullen (L, CA) Trucking
|
|
4. Mullen (L, CA) Trucking
|
96
|
|
81
|
|
77
|
|
100
|
|
|
5. Paramount (L, CA) Oil & Gas Production
|
|
5. Paramount (L, CA) Oil & Gas Production
|
71
|
|
73
|
|
100
|
|
99
|
|
|
6. Enghouse Systems (M, CA) Application Software
|
|
6. Enghouse Systems (M, CA) Application Software
|
99
|
|
13
|
|
95
|
|
98
|
|
|
7. Winpak (L, CA) Metal & Glass Containers
|
|
7. Winpak (L, CA) Metal & Glass Containers
|
40
|
|
72
|
|
100
|
|
98
|
|
|
8. BlackBerry (L, CA) Systems Software
|
|
8. BlackBerry (L, CA) Systems Software
|
53
|
|
75
|
|
87
|
|
98
|
|
|
9. Whitecap Resources (L, CA) Oil & Gas Production
|
|
9. Whitecap Resources (L, CA) Oil & Gas Production
|
77
|
|
99
|
|
65
|
|
97
|
|
|
10. Parex Resources (L, CA) Oil & Gas Production
|
|
10. Parex Resources (L, CA) Oil & Gas Production
|
87
|
|
49
|
|
100
|
|
97
|
|
June 12, 2025
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