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Sectors & IndustriesFinancial ServicesBanks - Diversified
Best Diversified Bank Stocks to Buy Now (2023)
Top diversified bank stocks in 2023 ranked by overall Zen Score. See the best diversified bank stocks to buy now, according to analyst forecasts for the banks - diversified industry.

Industry: Banks - Diversified
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
EWBC
EAST WEST BANCORP INC
NASDAQ
Banks - Diversified
$7.72B$54.732.05%$1.57B6.86x9.71
NTB
BANK OF NT BUTTERFIELD & SON LTD
NYSE
Banks - Diversified
$1.35B$26.76-1.04%$257.88M6.19x15.54
BMO
BANK OF MONTREAL
NYSE
Banks - Diversified
$60.00B$84.550.19%$11.94B7.17x14.29
JPM
JPMORGAN CHASE & CO
NYSE
Banks - Diversified
$367.65B$124.91-1.52%$51.43B10.32x11.54
BAC
BANK OF AMERICA CORP
NYSE
Banks - Diversified
$217.22B$27.140.63%$32.95B8.45x10.17
BCS
BARCLAYS PLC
NYSE
Banks - Diversified
$26.19B$6.60-0.75%$9.69B4.34x21.15
NWG
NATWEST GROUP PLC
NYSE
Banks - Diversified
$31.46B$6.43-1.38%$6.56B7.90x18.73
C
CITIGROUP INC
NYSE
Banks - Diversified
$83.79B$43.11-0.78%$22.75B6.12x11.01
BNS
BANK OF NOVA SCOTIA
NYSE
Banks - Diversified
$57.26B$48.05-0.44%$10.04B8.92x17.51
HSBC
HSBC HOLDINGS PLC
NYSE
Banks - Diversified
$134.26B$33.08-1.19%$20.77B8.82x14.78
UBS
UBS GROUP AG
NYSE
Banks - Diversified
$66.93B$18.99-0.94%$12.51B7.55x18.41
RY
ROYAL BANK OF CANADA
NYSE
Banks - Diversified
$127.48B$92.19-0.51%$15.79B11.82x16.95
TD
TORONTO DOMINION BANK
NYSE
Banks - Diversified
$103.42B$56.550.34%$15.55B9.22x16.24
INTR
INTER & CO INC
NASDAQ
Banks - Diversified
$622.79M$1.5510.71%-$2.25M-310.00x5.61
WFC
WELLS FARGO & COMPANY
NYSE
Banks - Diversified
$137.45B$36.23-1.04%$22.10B11.43x9.45
CS
CREDIT SUISSE GROUP AG
NYSE
Banks - Diversified
$3.39B$0.86-1.26%-$3.49B-0.31x10.77
CM
CANADIAN IMPERIAL BANK OF COMMERCE
NYSE
Banks - Diversified
$37.67B$41.32-0.17%$5.77B11.00x17.55
NU
NU HOLDINGS LTD
NYSE
Banks - Diversified
$19.54B$4.17-2.11%-$143.26M-90.65x4.47
SMFG
SUMITOMO MITSUI FINANCIAL GROUP INC
NYSE
Banks - Diversified
$54.29B$7.901.02%$7.21B14.77x19.69
MUFG
MITSUBISHI UFJ FINANCIAL GROUP INC
NYSE
Banks - Diversified
$83.15B$6.26-0.16%$1.81B-130.42x22.52

Diversified Bank Stocks FAQ

What are the best diversified bank stocks to buy right now in Mar 2023?

According to Zen Score, the 3 best diversified bank stocks to buy right now are:

1. East West Bancorp (NASDAQ:EWBC)


East West Bancorp (NASDAQ:EWBC) is the top diversified bank stock with a Zen Score of 51, which is 25 points higher than the diversified bank industry average of 26. It passed 18 out of 38 due diligence checks and has strong fundamentals. East West Bancorp has seen its stock lose -32.52% over the past year, underperforming other diversified bank stocks by -8 percentage points.

East West Bancorp has an average 1 year price target of $79.00, an upside of 44.34% from East West Bancorp's current stock price of $54.73.

East West Bancorp stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering East West Bancorp, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Bank Of Nt Butterfield & Son (NYSE:NTB)


Bank Of Nt Butterfield & Son (NYSE:NTB) is the second best diversified bank stock with a Zen Score of 45, which is 19 points higher than the diversified bank industry average of 26. It passed 15 out of 38 due diligence checks and has strong fundamentals. Bank Of Nt Butterfield & Son has seen its stock lose -27.46% over the past year, underperforming other diversified bank stocks by -3 percentage points.

Bank Of Nt Butterfield & Son has an average 1 year price target of $41.50, an upside of 55.08% from Bank Of Nt Butterfield & Son's current stock price of $26.76.

Bank Of Nt Butterfield & Son stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Bank Of Nt Butterfield & Son, 75% have issued a Strong Buy rating, 25% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Bank Of Montreal (NYSE:BMO)


Bank Of Montreal (NYSE:BMO) is the third best diversified bank stock with a Zen Score of 40, which is 14 points higher than the diversified bank industry average of 26. It passed 14 out of 38 due diligence checks and has average fundamentals. Bank Of Montreal has seen its stock lose -28.82% over the past year, underperforming other diversified bank stocks by -4 percentage points.

What are the diversified bank stocks with highest dividends?

Out of 16 diversified bank stocks that have issued dividends in the past year, the 3 diversified bank stocks with the highest dividend yields are:

1. Bank Of Nt Butterfield & Son (NYSE:NTB)


Bank Of Nt Butterfield & Son (NYSE:NTB) has an annual dividend yield of 8.22%, which is 4 percentage points higher than the diversified bank industry average of 4.61%. Bank Of Nt Butterfield & Son's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Bank Of Nt Butterfield & Son's dividend has shown consistent growth over the last 10 years.

Bank Of Nt Butterfield & Son's dividend payout ratio of 40.7% indicates that its high dividend yield is sustainable for the long-term.

2. Bank Of Nova Scotia (NYSE:BNS)


Bank Of Nova Scotia (NYSE:BNS) has an annual dividend yield of 6.46%, which is 2 percentage points higher than the diversified bank industry average of 4.61%. Bank Of Nova Scotia's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Bank Of Nova Scotia's dividend has shown consistent growth over the last 10 years.

Bank Of Nova Scotia's dividend payout ratio of 57.6% indicates that its high dividend yield is sustainable for the long-term.

3. Credit Suisse Group Ag (NYSE:CS)


Credit Suisse Group Ag (NYSE:CS) has an annual dividend yield of 6.13%, which is 2 percentage points higher than the diversified bank industry average of 4.61%. Credit Suisse Group Ag's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Credit Suisse Group Ag's dividend has not shown consistent growth over the last 10 years.

Credit Suisse Group Ag's dividend payout ratio of -1.9% indicates that its high dividend yield might not be sustainable for the long-term.

Why are diversified bank stocks down?

Diversified bank stocks were down -0.37% in the last day, and down -1.07% over the last week. Natwest Group was the among the top losers in the banks - diversified industry, dropping -1.38% yesterday.

Shares of banks and financial services companies are trading lower following a rise in Deutsche Bank's credit default swaps, which has raised concerns over the health of the financial sector.

What are the most undervalued diversified bank stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued diversified bank stocks right now are:

1. East West Bancorp (NASDAQ:EWBC)


East West Bancorp (NASDAQ:EWBC) is the most undervalued diversified bank stock based on WallStreetZen's Valuation Score. East West Bancorp has a valuation score of 71, which is 40 points higher than the diversified bank industry average of 31. It passed 5 out of 7 valuation due diligence checks.

East West Bancorp's stock has dropped -32.52% in the past year. It has underperformed other stocks in the diversified bank industry by -8 percentage points.

2. Bank Of America (NYSE:BAC)


Bank Of America (NYSE:BAC) is the second most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Bank Of America has a valuation score of 57, which is 26 points higher than the diversified bank industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Bank Of America's stock has dropped -36.99% in the past year. It has underperformed other stocks in the diversified bank industry by -12 percentage points.

3. Natwest Group (NYSE:NWG)


Natwest Group (NYSE:NWG) is the third most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Natwest Group has a valuation score of 57, which is 26 points higher than the diversified bank industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Natwest Group's stock has gained 0.69% in the past year. It has overperformed other stocks in the diversified bank industry by 25 percentage points.

Are diversified bank stocks a good buy now?

54.55% of diversified bank stocks rated by analysts are a strong buy right now. On average, analysts expect diversified bank stocks to rise by 42.52% over the next year.

What is the average p/e ratio of the banks - diversified industry?

The average P/E ratio of the banks - diversified industry is 1.01x.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.