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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
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
BCS
BARCLAYS PLC
$44.48B$11.79N/AN/AN/AN/A4.14%25.02%43.50%1.96%
HSBC
HSBC HOLDINGS PLC
$168.51B$43.74N/AN/AN/AN/A0.39%8.31%78.47%4.79%
EWBC
EAST WEST BANCORP INC
$11.11B$80.14$94.5818.02%Strong Buy124.82%4.83%17.64%1.76%
C
CITIGROUP INC
$113.59B$59.54$71.4219.95%Buy122.61%39.52%7.59%0.66%
NTB
BANK OF NT BUTTERFIELD & SON LTD
$1.72B$36.76$39.256.77%Strong Buy4-0.01%3.64%22.03%1.58%
UBS
UBS GROUP AG
$100.47B$29.02N/AN/AN/AN/A0.43%-56.56%10.05%1.48%
TD
TORONTO DOMINION BANK
$110.12B$61.47$84.0036.65%Hold110.13%23.48%15.57%0.89%
CM
CANADIAN IMPERIAL BANK OF COMMERCE
$57.17B$60.52$81.0033.84%Buy15.01%6.00%14.56%0.82%
WFC
WELLS FARGO & COMPANY
$185.81B$54.59$63.4616.24%Buy120.46%6.94%13.06%1.19%
BMO
BANK OF MONTREAL
$60.56B$83.02$119.7544.24%Buy44.26%16.50%11.32%0.67%
JPM
JPMORGAN CHASE & CO
$616.86B$216.81$217.500.32%Buy140.00%-2.58%14.75%1.21%
NWG
NATWEST GROUP PLC
$36.76B$8.85N/AN/AN/AN/A-3.46%-14.50%18.74%1.02%
BAC
BANK OF AMERICA CORP
$306.27B$39.47$43.4410.06%Buy173.59%12.96%10.82%0.98%
BNS
BANK OF NOVA SCOTIA
$63.45B$51.29$70.0036.48%Strong Sell14.35%11.12%12.22%0.71%
RY
ROYAL BANK OF CANADA
$173.85B$122.98$142.5015.87%Strong Buy26.06%7.80%16.14%0.97%
MUFG
MITSUBISHI UFJ FINANCIAL GROUP INC
$125.97B$10.21N/AN/AN/AN/AN/A17.28%10.67%0.47%
SMFG
SUMITOMO MITSUI FINANCIAL GROUP INC
$85.07B$12.72N/AN/AN/AN/AN/A22.99%1.81%0.09%
1

Diversified Bank Stocks FAQ

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

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

1. Barclays (NYSE:BCS)


Barclays (NYSE:BCS) is the top diversified bank stock with a Zen Score of 49, which is 14 points higher than the diversified bank industry average of 35. It passed 18 out of 38 due diligence checks and has strong fundamentals. Barclays has seen its stock return 56.37% over the past year, overperforming other diversified bank stocks by 26 percentage points.

2. Hsbc Holdings (NYSE:HSBC)


Hsbc Holdings (NYSE:HSBC) 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 16 out of 38 due diligence checks and has strong fundamentals. Hsbc Holdings has seen its stock return 16.73% over the past year, underperforming other diversified bank stocks by -14 percentage points.

3. East West Bancorp (NASDAQ:EWBC)


East West Bancorp (NASDAQ:EWBC) is the third best diversified bank stock with a Zen Score of 42, which is 7 points higher than the diversified bank industry average of 35. It passed 15 out of 38 due diligence checks and has strong fundamentals. East West Bancorp has seen its stock return 49.99% over the past year, overperforming other diversified bank stocks by 19 percentage points.

East West Bancorp has an average 1 year price target of $94.58, an upside of 18.02% from East West Bancorp's current stock price of $80.14.

East West Bancorp stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering East West Bancorp, 75% have issued a Strong Buy rating, 16.67% have issued a Buy, 8.33% 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. Hsbc Holdings (NYSE:HSBC)


Hsbc Holdings (NYSE:HSBC) has an annual dividend yield of 9.36%, which is 5 percentage points higher than the diversified bank industry average of 4.44%. 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 not 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.

2. Bank Of Nova Scotia (NYSE:BNS)


Bank Of Nova Scotia (NYSE:BNS) has an annual dividend yield of 7.21%, which is 3 percentage points higher than the diversified bank industry average of 4.44%. 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 87.8% indicates that its high dividend yield is sustainable for the long-term.

3. Natwest Group (NYSE:NWG)


Natwest Group (NYSE:NWG) has an annual dividend yield of 6.58%, which is 2 percentage points higher than the diversified bank industry average of 4.44%. Natwest Group's dividend payout is not stable, having dropped more than 10% five 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 46.4% indicates that its high dividend yield is sustainable for the long-term.

Why are diversified bank stocks up?

Diversified bank stocks were up 1.59% in the last day, and down -0.68% 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. 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 71, which is 32 points higher than the diversified bank industry average of 39. It passed 5 out of 7 valuation due diligence checks.

Barclays's stock has gained 56.37% in the past year. It has overperformed other stocks in the diversified bank industry by 26 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 57, which is 18 points higher than the diversified bank industry average of 39. It passed 4 out of 7 valuation due diligence checks.

Hsbc Holdings's stock has gained 16.73% in the past year. It has underperformed other stocks in the diversified bank industry by -14 percentage points.

3. Citigroup (NYSE:C)


Citigroup (NYSE:C) is the third most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Citigroup has a valuation score of 57, which is 18 points higher than the diversified bank industry average of 39. It passed 4 out of 7 valuation due diligence checks.

Citigroup's stock has gained 46.69% in the past year. It has overperformed other stocks in the diversified bank industry by 16 percentage points.

Are diversified bank stocks a good buy now?

54.55% of diversified bank stocks rated by analysts are a buy right now. On average, analysts expect diversified bank stocks to rise by 18.5% 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 12.15x.
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