Sectors & Industries Financial 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

Overview Zen Score Price Valuation Financials

Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
BAC	BANK OF AMERICA CORP	$297.82B	8.70%	0.80%	N/A	0.90%	9.90	N/A	100.00%	25.20%	28.75%
NWG	NATWEST GROUP PLC	$35.25B	10.40%	0.50%	N/A	0.70%	17.43	N/A	100.00%	26.40%	36.89%
UBS	UBS GROUP AG	$94.79B	39.00%	3.30%	N/A	2.80%	5.52	N/A	100.00%	68.20%	70.34%
HSBC	HSBC HOLDINGS PLC	$161.42B	12.00%	0.70%	N/A	1.00%	15.36	N/A	100.00%	34.00%	44.39%
JPM	JPMORGAN CHASE & CO	$557.32B	15.20%	1.20%	N/A	1.50%	10.82	N/A	100.00%	30.20%	37.84%
C	CITIGROUP INC	$119.77B	4.40%	0.40%	N/A	0.50%	10.74	N/A	88.30%	11.80%	16.26%
EWBC	EAST WEST BANCORP INC	$10.64B	17.60%	1.70%	N/A	2.20%	9.02	N/A	100.00%	46.80%	58.80%
WFC	WELLS FARGO & COMPANY	$214.32B	9.90%	0.90%	N/A	1.10%	9.40	N/A	100.00%	21.80%	26.33%
NU	NU HOLDINGS LTD	$52.66B	17.80%	2.90%	N/A	5.00%	5.79	N/A	43.50%	12.80%	19.17%
BCS	BARCLAYS PLC	$39.31B	6.20%	0.30%	N/A	0.30%	20.99	N/A	100.00%	17.10%	21.67%
NTB	BANK OF NT BUTTERFIELD & SON LTD	$1.60B	22.40%	1.60%	N/A	1.90%	12.60	N/A	100.00%	37.70%	37.89%
CM	CANADIAN IMPERIAL BANK OF COMMERCE	$44.82B	11.50%	0.60%	N/A	0.50%	16.96	N/A	100.00%	25.50%	33.56%
BNS	BANK OF NOVA SCOTIA	$56.90B	9.60%	0.50%	N/A	0.70%	16.67	N/A	100.00%	22.60%	28.94%
RY	ROYAL BANK OF CANADA	$138.23B	13.30%	0.80%	N/A	1.00%	15.96	N/A	95.50%	27.90%	32.03%
BMO	BANK OF MONTREAL	$65.94B	7.20%	0.40%	N/A	0.50%	16.15	N/A	100.00%	17.00%	21.41%
MUFG	MITSUBISHI UFJ FINANCIAL GROUP INC	$125.74B	3.80%	0.20%	N/A	0.20%	23.17	N/A	100.00%	14.70%	15.36%
TD	TORONTO DOMINION BANK	$106.37B	9.00%	0.50%	N/A	0.70%	16.46	N/A	100.00%	20.20%	27.63%
SMFG	SUMITOMO MITSUI FINANCIAL GROUP INC	$77.12B	7.40%	0.40%	N/A	0.60%	19.28	N/A	100.00%	24.10%	32.66%

Diversified Bank Stocks FAQ

What are the best diversified bank stocks to buy right now in Apr 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 11 points higher than the diversified bank industry average of 35. It passed 16 out of 38 due diligence checks and has strong fundamentals. Bank Of America has seen its stock return 33.02% over the past year, overperforming other diversified bank stocks by 10 percentage points.

Bank Of America has an average 1 year price target of $39.13, an upside of 3.43% from Bank Of America's current stock price of $37.83.

Bank Of America stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Bank Of America, 26.67% have issued a Strong Buy rating, 20% have issued a Buy, 46.67% have issued a hold, while 0% have issued a Sell rating, and 6.67% have issued a Strong Sell.

2. Natwest Group (NYSE:NWG)

Natwest Group (NYSE:NWG) is the second best diversified bank stock with a Zen Score of 44, which is 9 points higher than the diversified bank industry average of 35. It passed 15 out of 38 due diligence checks and has strong fundamentals. Natwest Group has seen its stock return 14.79% over the past year, underperforming other diversified bank stocks by -9 percentage points.

3. Ubs Group Ag (NYSE:UBS)

Ubs Group Ag (NYSE:UBS) is the third best diversified bank stock with a Zen Score of 43, which is 8 points higher than the diversified bank industry average of 35. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ubs Group Ag has seen its stock return 37.17% over the past year, overperforming other diversified bank stocks by 14 percentage points.

Ubs Group Ag has an average 1 year price target of $32.18, an upside of 17.53% from Ubs Group Ag's current stock price of $27.38.

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.

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. Ubs Group Ag (NYSE:UBS)

Ubs Group Ag (NYSE:UBS) has an annual dividend yield of N/A, which is N/A percentage points lower than the diversified bank industry average of 4.65%. Ubs Group Ag's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Ubs Group Ag's dividend has not shown consistent growth over the last 10 years.

Ubs Group Ag's dividend payout ratio of 2.7% indicates that its 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 7.39%, which is 3 percentage points higher than the diversified bank industry average of 4.65%. 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.

3. Hsbc Holdings (NYSE:HSBC)

Hsbc Holdings (NYSE:HSBC) has an annual dividend yield of 7.27%, which is 3 percentage points higher than the diversified bank industry average of 4.65%. 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.

Why are diversified bank stocks up?

Diversified bank stocks were up 0.06% in the last day, and up 2.38% over the last week. Natwest Group was the among the top gainers in the banks - diversified industry, gaining 6.23% yesterday.

NatWest Group shares are trading higher. The company reported Q1 financial results.

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. Natwest Group (NYSE:NWG)

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 14.79% in the past year. It has underperformed other stocks in the diversified bank industry by -9 percentage points.

2. Hsbc Holdings (NYSE:HSBC)

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 17.86% in the past year. It has underperformed other stocks in the diversified bank industry by -6 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 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 33.02% in the past year. It has overperformed other stocks in the diversified bank industry by 10 percentage points.

Are diversified bank stocks a good buy now?

40% of diversified bank stocks rated by analysts are a strong buy right now. On average, analysts expect diversified bank stocks to rise by 17.92% 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 13.4x.

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.