WallStreetZenWallStreetZen

Sectors & IndustriesFinancial ServicesBanks - Diversified
Best Diversified Bank Stocks to Buy Now (2024)
Top diversified bank stocks in 2024 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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
BAC
BANK OF AMERICA CORP
$297.67B$98.58B$30.40B$24.87B$3.103.82%1.61%-3.43%3.26%2024-04-16
HSBC
HSBC HOLDINGS PLC
$150.21B$66.06B$32.79B$22.43B$5.7530.50%0.77%59.72%12.79%2024-04-30
JPM
JPMORGAN CHASE & CO
$574.69B$158.10B$67.33B$47.76B$16.2522.85%7.76%34.30%12.44%2024-04-12
WFC
WELLS FARGO & COMPANY
$206.10B$82.60B$28.02B$17.98B$4.8811.07%-0.90%47.88%2.52%2024-04-12
C
CITIGROUP INC
$119.94B$78.46B$17.32B$9.23B$4.074.15%1.49%-42.19%-9.46%2024-04-12
BCS
BARCLAYS PLC
$35.69B$32.12BN/A$5.41B$1.406.84%5.18%-5.46%24.08%2024-04-25
NTB
BANK OF NT BUTTERFIELD & SON LTD
$1.51B$578.60M$262.47M$225.49M$4.625.33%2.24%6.94%5.41%2024-04-24
NWG
NATWEST GROUP PLC
$30.48B$18.67B$7.38B$5.26B$1.2117.81%1.89%49.02%26.87%2024-04-26
EWBC
EAST WEST BANCORP INC
$11.10B$2.48B$1.62B$1.16B$8.239.31%10.03%3.13%11.11%2024-04-23
NU
NU HOLDINGS LTD
$56.79B$8.03B$1.60B$1.03B$0.2267.54%90.63%N/AN/A2024-05-14
CM
CANADIAN IMPERIAL BANK OF COMMERCE
$46.93B$17.50B$6.72B$4.47B$4.846.09%5.18%28.99%2.43%
BNS
BANK OF NOVA SCOTIA
$62.52B$24.24B$8.37B$5.48B$4.564.45%0.15%-15.28%1.71%2024-05-22
RY
ROYAL BANK OF CANADA
$141.39B$40.39B$13.89B$11.28B$7.9410.64%4.23%2.39%4.25%
MUFG
MITSUBISHI UFJ FINANCIAL GROUP INC
$130.68B$28.81B$6.89B$4.24B$0.3421.57%-4.40%N/A-14.55%2024-05-13
UBS
UBS GROUP AG
$110.67B$37.16B$12.51B$8.20B$2.52-4.45%4.11%6.97%56.62%2024-05-07
BMO
BANK OF MONTREAL
$69.91B$23.97B$6.80B$4.07B$5.334.10%5.87%-54.35%-4.90%
TD
TORONTO DOMINION BANK
$108.63B$36.59B$11.49B$7.41B$4.073.73%4.42%-40.39%-2.28%2024-05-23
SMFG
SUMITOMO MITSUI FINANCIAL GROUP INC
$81.18B$26.79B$11.03B$6.44B$0.9411.24%-2.81%68.73%1.36%2024-05-13

Diversified Bank Stocks FAQ

What are the best diversified bank stocks to buy right now in Mar 2024?

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

1. Bank Of America (NYSE:BAC)


Bank Of America (NYSE:BAC) is the top diversified bank stock with a Zen Score of 46, which is 12 points higher than the diversified bank industry average of 34. It passed 16 out of 38 due diligence checks and has strong fundamentals. Bank Of America has seen its stock return 32.71% over the past year, overperforming other diversified bank stocks by 4 percentage points.

Bank Of America has an average 1 year price target of $37.21, a downside of -1.58% from Bank Of America's current stock price of $37.81.

Bank Of America stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Bank Of America, 33.33% have issued a Strong Buy rating, 11.11% have issued a Buy, 44.44% have issued a hold, while 0% have issued a Sell rating, and 11.11% have issued a Strong Sell.

2. Jpmorgan Chase & Co (NYSE:JPM)


Jpmorgan Chase & Co (NYSE:JPM) is the second best diversified bank stock with a Zen Score of 42, which is 8 points higher than the diversified bank industry average of 34. It passed 15 out of 38 due diligence checks and has strong fundamentals. Jpmorgan Chase & Co has seen its stock return 55.28% over the past year, overperforming other diversified bank stocks by 26 percentage points.

Jpmorgan Chase & Co has an average 1 year price target of $204.33, an upside of 2.41% from Jpmorgan Chase & Co's current stock price of $199.52.

Jpmorgan Chase & Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Jpmorgan Chase & Co, 66.67% have issued a Strong Buy rating, 22.22% have issued a Buy, 11.11% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Hsbc Holdings (NYSE:HSBC)


Hsbc Holdings (NYSE:HSBC) is the third best diversified bank stock with a Zen Score of 42, which is 8 points higher than the diversified bank industry average of 34. It passed 14 out of 38 due diligence checks and has strong fundamentals. Hsbc Holdings has seen its stock return 15.9% over the past year, underperforming other diversified bank stocks by -13 percentage points.

What are the diversified bank stocks with highest dividends?

Out of 15 diversified bank stocks that have issued dividends in the past year, the 3 diversified bank stocks with the highest dividend yields are:

1. Natwest Group (NYSE:NWG)


Natwest Group (NYSE:NWG) has an annual dividend yield of 8.4%, which is 4 percentage points higher than the diversified bank industry average of 4.32%. Natwest Group's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Natwest Group's dividend has shown consistent growth over the last 10 years.

Natwest Group's dividend payout ratio of 42.9% indicates that its high dividend yield is sustainable for the long-term.

2. Hsbc Holdings (NYSE:HSBC)


Hsbc Holdings (NYSE:HSBC) has an annual dividend yield of 7.81%, which is 3 percentage points higher than the diversified bank industry average of 4.32%. Hsbc Holdings's dividend payout is not stable, having dropped more than 10% ten times in the last 10 years. Hsbc Holdings's dividend has shown consistent growth over the last 10 years.

Hsbc Holdings's dividend payout ratio of 46.1% indicates that its high dividend yield is sustainable for the long-term.

3. Bank Of Nova Scotia (NYSE:BNS)


Bank Of Nova Scotia (NYSE:BNS) has an annual dividend yield of 6.14%, which is 2 percentage points higher than the diversified bank industry average of 4.32%. 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 68.9% indicates that its high dividend yield is sustainable for the long-term.

Why are diversified bank stocks up?

Diversified bank stocks were up 1.37% in the last day, and up 1.42% over the last week.

We couldn't find a catalyst for why diversified bank stocks are up.

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. Hsbc Holdings (NYSE:HSBC)


Hsbc Holdings (NYSE:HSBC) is the most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Hsbc Holdings has a valuation score of 71, which is 30 points higher than the diversified bank industry average of 41. It passed 5 out of 7 valuation due diligence checks.

Hsbc Holdings's stock has gained 15.9% in the past year. It has underperformed other stocks in the diversified bank industry by -13 percentage points.

2. Wells Fargo & Company (NYSE:WFC)


Wells Fargo & Company (NYSE:WFC) is the second most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Wells Fargo & Company has a valuation score of 71, which is 30 points higher than the diversified bank industry average of 41. It passed 5 out of 7 valuation due diligence checks.

Wells Fargo & Company's stock has gained 53.75% in the past year. It has overperformed other stocks in the diversified bank industry by 25 percentage points.

3. Bank Of America (NYSE:BAC)


Bank Of America (NYSE:BAC) is the third most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Bank Of America has a valuation score of 71, which is 30 points higher than the diversified bank industry average of 41. It passed 5 out of 7 valuation due diligence checks.

Bank Of America's stock has gained 32.71% in the past year. It has overperformed other stocks in the diversified bank industry by 4 percentage points.

Are diversified bank stocks a good buy now?

50% of diversified bank stocks rated by analysts are a strong buy right now. On average, analysts expect diversified bank stocks to rise by 5.35% 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 14.23x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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.