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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
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
BAC
BANK OF AMERICA CORP
$283.02B$35.95$38.928.26%Buy140.48%31.46%N/AN/A
UBS
UBS GROUP AG
$98.39B$28.42$32.1813.23%Hold11.85%N/AN/AN/A
NTB
BANK OF NT BUTTERFIELD & SON LTD
$1.47B$30.90$35.0013.27%Strong Buy3-3.91%N/AN/AN/A
JPM
JPMORGAN CHASE & CO
$526.79B$182.89$205.9212.59%Strong Buy121.50%-0.08%15.24%1.29%
HSBC
HSBC HOLDINGS PLC
$156.30B$40.57N/AN/AN/AN/A-1.31%N/AN/AN/A
C
CITIGROUP INC
$111.93B$58.56$68.9117.67%Buy112.70%70.08%N/AN/A
BCS
BARCLAYS PLC
$34.70B$9.16$7.31-20.20%Sell13.62%18.71%N/AN/A
NWG
NATWEST GROUP PLC
$31.02B$6.90N/AN/AN/AN/A-6.15%2.98%N/AN/A
EWBC
EAST WEST BANCORP INC
$10.14B$72.38$86.5619.59%Strong Buy93.32%N/AN/AN/A
WFC
WELLS FARGO & COMPANY
$203.81B$56.97$59.454.36%Buy15-0.37%23.14%N/AN/A
NU
NU HOLDINGS LTD
$52.04B$10.95$11.061.00%Strong Buy539.97%15.21%N/AN/A
CM
CANADIAN IMPERIAL BANK OF COMMERCE
$44.71B$47.71N/AN/AN/AN/A5.96%N/AN/AN/A
BNS
BANK OF NOVA SCOTIA
$58.03B$47.48$70.0047.43%Strong Sell15.09%N/AN/AN/A
RY
ROYAL BANK OF CANADA
$137.90B$97.92$150.0053.19%Buy13.95%N/AN/AN/A
MUFG
MITSUBISHI UFJ FINANCIAL GROUP INC
$126.24B$9.95N/AN/AN/AN/AN/A126.74%8.88%0.37%
BMO
BANK OF MONTREAL
$67.28B$92.75N/AN/AN/AN/A3.69%N/AN/AN/A
TD
TORONTO DOMINION BANK
$101.34B$56.57N/AN/AN/AN/A6.22%N/AN/AN/A
SMFG
SUMITOMO MITSUI FINANCIAL GROUP INC
$79.18B$11.52N/AN/AN/AN/AN/A12.29%1.63%0.08%

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 18.37% over the past year, overperforming other diversified bank stocks by 3 percentage points.

Bank Of America has an average 1 year price target of $38.92, an upside of 8.26% from Bank Of America's current stock price of $35.95.

Bank Of America stock has a consensus Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Bank Of America, 28.57% have issued a Strong Buy rating, 14.29% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 7.14% have issued a Strong Sell.

2. Ubs Group Ag (NYSE:UBS)


Ubs Group Ag (NYSE:UBS) is the second best diversified bank stock with a Zen Score of 45, which is 10 points higher than the diversified bank industry average of 35. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ubs Group Ag has seen its stock return 34.82% over the past year, overperforming other diversified bank stocks by 20 percentage points.

Ubs Group Ag has an average 1 year price target of $32.18, an upside of 13.23% from Ubs Group Ag's current stock price of $28.42.

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.

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


Bank Of Nt Butterfield & Son (NYSE:NTB) 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 14 out of 38 due diligence checks and has strong fundamentals. Bank Of Nt Butterfield & Son has seen its stock return 18.75% 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 $35.00, an upside of 13.27% from Bank Of Nt Butterfield & Son's current stock price of $30.90.

Bank Of Nt Butterfield & Son stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Bank Of Nt Butterfield & Son, 66.67% have issued a Strong Buy rating, 33.33% 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 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 4.81%. 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. Natwest Group (NYSE:NWG)


Natwest Group (NYSE:NWG) has an annual dividend yield of 8.26%, which is 3 percentage points higher than the diversified bank industry average of 4.81%. 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.

3. Hsbc Holdings (NYSE:HSBC)


Hsbc Holdings (NYSE:HSBC) has an annual dividend yield of 7.51%, which is 3 percentage points higher than the diversified bank industry average of 4.81%. 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 down?

Diversified bank stocks were down -0.38% in the last day, and down -5.24% over the last week. Nu Holdings was the among the top losers in the banks - diversified industry, dropping -3.01% yesterday.

Shares of companies within the broader financial sector are trading lower amid overall market weakness, offsetting strong bank earnings.

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 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 12.44% in the past year. It has underperformed other stocks in the diversified bank industry by -3 percentage points.

2. Bank Of America (NYSE:BAC)


Bank Of America (NYSE:BAC) is the second 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 18.37% in the past year. It has overperformed other stocks in the diversified bank industry by 3 percentage points.

3. Barclays (NYSE:BCS)


Barclays (NYSE:BCS) is the third most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Barclays 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.

Barclays's stock has gained 18.5% in the past year. It has overperformed other stocks in the diversified bank industry by 3 percentage points.

Are diversified bank stocks a good buy now?

36.36% of diversified bank stocks rated by analysts are a strong buy right now. On average, analysts expect diversified bank stocks to rise by 21.17% 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 13.02x.
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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.