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Sectors & IndustriesFinancial ServicesBanks - Diversified
Best Diversified Bank Stocks to Buy Now (2022)
Top diversified bank stocks in 2022 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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
EWBC
EAST WEST BANCORP INC
$9.70B$68.82$97.3341.43%Strong Buy48.75%9.10%22.33%2.02%
NTB
BANK OF NT BUTTERFIELD & SON LTD
$1.73B$34.36$38.0010.59%Strong Buy23.51%5.91%30.62%1.69%
NWG
NATWEST GROUP PLC
$34.50B$6.48N/AN/AStrong Buy16.54%30.78%30.40%1.33%
BMO
BANK OF MONTREAL
$67.62B$99.84$117.9418.13%Strong Buy10N/AN/A14.11%0.88%
BAC
BANK OF AMERICA CORP
$289.45B$36.08$44.6223.66%Buy145.67%10.22%13.28%1.16%
BCS
BARCLAYS PLC
$32.62B$7.82N/AN/AHold15.43%7.66%36.17%1.40%
HSBC
HSBC HOLDINGS PLC
$126.18B$30.58N/AN/AHold1-6.06%2.32%9.47%0.63%
WFC
WELLS FARGO & COMPANY
$175.05B$45.94$53.9117.35%Strong Buy113.27%14.64%13.28%1.25%
JPM
JPMORGAN CHASE & CO
$396.45B$135.16$145.397.57%Buy185.21%2.72%13.12%1.00%
TD
TORONTO DOMINION BANK
$124.95B$68.59$81.1418.29%Buy9N/AN/A14.88%0.86%
C
CITIGROUP INC
$91.50B$47.24$60.5328.14%Hold161.80%0.17%9.44%0.79%
BNS
BANK OF NOVA SCOTIA
$61.09B$51.21$83.0062.08%Hold1N/AN/A14.26%0.77%
NU
NU HOLDINGS LTD
$20.90B$4.46$11.36154.80%Buy1322.67%N/A24.65%4.50%
SMFG
SUMITOMO MITSUI FINANCIAL GROUP INC
$46.93B$6.83$7.002.49%Strong Buy2N/A26.24%1.66%0.08%
RY
ROYAL BANK OF CANADA
$138.06B$99.64$125.0025.45%Strong Buy1N/AN/A14.96%0.84%
UBS
UBS GROUP AG
$68.35B$18.46N/AN/ABuy2-5.32%-3.58%13.34%0.72%
CM
CANADIAN IMPERIAL BANK OF COMMERCE
$39.98B$44.13$63.0042.75%Buy8N/AN/A14.00%0.74%
INTR
INTER & CO INC
$553.02M$2.42$4.6592.15%Hold2N/AN/A3.55%0.57%
CS
CREDIT SUISSE GROUP AG
$8.69B$3.38$6.1080.47%Hold6-12.09%N/A4.95%0.29%
MUFG
MITSUBISHI UFJ FINANCIAL GROUP INC
$73.05B$5.50$6.6020.00%Strong Buy2N/AN/A9.04%0.38%

Diversified Bank Stocks FAQ

What are the best diversified bank stocks to buy right now in Dec 2022?

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 58, which is 29 points higher than the diversified bank industry average of 29. It passed 22 out of 38 due diligence checks and has strong fundamentals. East West Bancorp has seen its stock lose -12.23% over the past year.

East West Bancorp has an average 1 year price target of $97.33, an upside of 41.43% from East West Bancorp's current stock price of $68.82.

East West Bancorp stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering East West Bancorp, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% 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 53, which is 24 points higher than the diversified bank industry average of 29. It passed 19 out of 38 due diligence checks and has strong fundamentals. Bank Of Nt Butterfield & Son has seen its stock lose -8.03% over the past year, overperforming other diversified bank stocks by 4 percentage points.

Bank Of Nt Butterfield & Son has an average 1 year price target of $38.00, an upside of 10.59% from Bank Of Nt Butterfield & Son's current stock price of $34.36.

Bank Of Nt Butterfield & Son stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Bank Of Nt Butterfield & Son, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Natwest Group (NYSE:NWG)


Natwest Group (NYSE:NWG) is the third best diversified bank stock with a Zen Score of 49, which is 20 points higher than the diversified bank industry average of 29. It passed 18 out of 38 due diligence checks and has strong fundamentals. Natwest Group has seen its stock return 3.56% over the past year, overperforming other diversified bank stocks by 15 percentage points.

Natwest Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Natwest Group, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% 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 16 diversified bank stocks that have issued dividends in the past year, the 3 diversified bank stocks with the highest dividend yields are:

1. Canadian Imperial Bank Of Commerce (NYSE:CM)


Canadian Imperial Bank Of Commerce (NYSE:CM) has an annual dividend yield of 8.59%, which is 5 percentage points higher than the diversified bank industry average of 3.99%. Canadian Imperial Bank Of Commerce's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Canadian Imperial Bank Of Commerce's dividend has not shown consistent growth over the last 10 years.

Canadian Imperial Bank Of Commerce's dividend payout ratio of 50% indicates that its high dividend yield is sustainable for the long-term.

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


Bank Of Nt Butterfield & Son (NYSE:NTB) has an annual dividend yield of 6.4%, which is 2 percentage points higher than the diversified bank industry average of 3.99%. 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 45.2% 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 6.12%, which is 2 percentage points higher than the diversified bank industry average of 3.99%. 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 51.8% indicates that its high dividend yield is sustainable for the long-term.

Why are diversified bank stocks down?

Diversified bank stocks were down -0.49% in the last day, and down -1.48% over the last week. Wells Fargo & Company was the among the top losers in the banks - diversified industry, dropping -1.98% yesterday.

Wells Fargo shares are trading lower following a report indicating the company has cut jobs in its mortgage business.

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. Barclays (NYSE:BCS)


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

Barclays's stock has dropped -22.88% in the past year. It has underperformed other stocks in the diversified bank industry by -11 percentage points.

2. Natwest Group (NYSE:NWG)


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

Natwest Group's stock has gained 3.56% in the past year. It has overperformed other stocks in the diversified bank industry by 15 percentage points.

3. Sumitomo Mitsui Financial Group (NYSE:SMFG)


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

Sumitomo Mitsui Financial Group's stock has gained 1.64% in the past year. It has overperformed other stocks in the diversified bank industry by 14 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 25.47% 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 4.01x.
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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.