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.

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

Ubs Group Ag (NYSE:UBS) is the top diversified bank stock with a Zen Score of 47, which is 13 points higher than the diversified bank industry average of 34. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ubs Group Ag has seen its stock return 34.71% over the past year, overperforming other diversified bank stocks by 11 percentage points.

Ubs Group Ag has an average 1 year price target of $32.18, an upside of 19.99% from Ubs Group Ag's current stock price of $26.82.

Ubs Group Ag stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Ubs Group Ag, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Bank Of America (NYSE:BAC) is the second best diversified bank stock with a Zen Score of 44, which is 10 points higher than the diversified bank industry average of 34. It passed 15 out of 38 due diligence checks and has strong fundamentals. Bank Of America has seen its stock return 30.97% over the past year, overperforming other diversified bank stocks by 7 percentage points.

Bank Of America has an average 1 year price target of $39.28, an upside of 6.49% from Bank Of America's current stock price of $36.88.

Bank Of America stock has a consensus Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Bank Of America, 31.25% have issued a Strong Buy rating, 18.75% have issued a Buy, 43.75% have issued a hold, while 0% have issued a Sell rating, and 6.25% have issued a Strong Sell.

Natwest Group (NYSE:NWG) 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. Natwest Group has seen its stock return 19.44% over the past year, underperforming other diversified bank stocks by -4 percentage points.

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:

Bank Of Nova Scotia (NYSE:BNS) has an annual dividend yield of 7.43%, which is 3 percentage points higher than the diversified bank industry average of 4.38%. 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.

Natwest Group (NYSE:NWG) has an annual dividend yield of 7.36%, which is 3 percentage points higher than the diversified bank industry average of 4.38%. 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 51.1% indicates that its high dividend yield is sustainable for the long-term.

Hsbc Holdings (NYSE:HSBC) has an annual dividend yield of 6.84%, which is 2 percentage points higher than the diversified bank industry average of 4.38%. Hsbc Holdings's dividend payout is not stable, having dropped more than 10% nine 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.

Diversified bank stocks were up 0.46% in the last day, and down -0.34% over the last week.

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

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

Natwest Group (NYSE:NWG) is the most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Natwest Group has a valuation score of 71, which is 28 points higher than the diversified bank industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Natwest Group's stock has gained 19.44% in the past year. It has underperformed other stocks in the diversified bank industry by -4 percentage points.

Hsbc Holdings (NYSE:HSBC) is the second most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Hsbc Holdings has a valuation score of 71, which is 28 points higher than the diversified bank industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Hsbc Holdings's stock has gained 20.07% in the past year. It has underperformed other stocks in the diversified bank industry by -4 percentage points.

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 28 points higher than the diversified bank industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Bank Of America's stock has gained 30.97% in the past year. It has overperformed other stocks in the diversified bank industry by 7 percentage points.