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Sectors & IndustriesFinancial ServicesBanks - Diversified
Best Diversified Bank Stocks to Buy Now (2023)
Top diversified bank stocks in 2023 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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
EWBC
EAST WEST BANCORP INC
$9.26B$2.51B$1.77B$1.26B$8.9118.81%11.00%24.79%15.96%2024-01-24
NWG
NATWEST GROUP PLC
$24.22B$18.20BN/A$5.10B$1.1528.32%0.12%96.71%44.69%
BAC
BANK OF AMERICA CORP
$245.01B$101.15B$35.15B$28.93B$3.609.38%2.70%13.21%11.07%2024-01-12
JPM
JPMORGAN CHASE & CO
$453.43B$154.08B$67.60B$49.49B$16.7724.85%7.49%41.16%15.58%2024-01-12
NTB
BANK OF NT BUTTERFIELD & SON LTD
$1.41B$582.19M$273.12M$235.06M$4.7610.46%2.91%22.37%7.34%
WFC
WELLS FARGO & COMPANY
$163.50B$81.78B$27.50B$17.41B$4.678.76%-0.91%18.83%1.85%2024-01-12
C
CITIGROUP INC
$90.39B$79.03B$22.54B$13.58B$6.366.29%1.53%-13.82%N/A2024-01-12
HSBC
HSBC HOLDINGS PLC
$156.91B$61.60B$20.77B$14.82B$3.75-3.67%-0.69%20.97%9.34%
NU
NU HOLDINGS LTD
$39.44B$7.07B$813.64M$372.04M$0.0877.86%N/AN/AN/A
BNS
BANK OF NOVA SCOTIA
$54.12B$23.41B$8.30B$5.07B$4.233.59%1.43%-26.92%-4.14%
BCS
BARCLAYS PLC
$28.50B$32.08BN/A$6.61B$1.7015.03%3.84%17.44%71.82%
RY
ROYAL BANK OF CANADA
$127.74B$40.67B$14.30B$10.77B$7.6215.42%4.74%-4.45%3.68%
MUFG
MITSUBISHI UFJ FINANCIAL GROUP INC
$109.62B$28.81B$6.89B$4.24B$0.3421.57%-4.40%N/A-14.55%2024-02-01
CM
CANADIAN IMPERIAL BANK OF COMMERCE
$39.01B$16.90B$5.85B$3.43B$3.747.60%4.57%-22.43%-3.33%
UBS
UBS GROUP AG
$101.09B$37.16B$12.51B$8.20B$2.52-4.45%4.11%6.97%56.62%
BMO
BANK OF MONTREAL
$60.72B$22.61B$5.76B$3.16B$4.12-6.77%5.43%-71.40%-7.86%
SMFG
SUMITOMO MITSUI FINANCIAL GROUP INC
$68.18B$26.79B$11.03B$6.44B$0.9411.24%-2.81%68.73%1.36%2024-01-31
TD
TORONTO DOMINION BANK
$108.74B$36.59B$11.49B$7.41B$4.073.73%4.42%-40.39%-2.28%

Diversified Bank Stocks FAQ

What are the best diversified bank stocks to buy right now in Dec 2023?

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 45, which is 13 points higher than the diversified bank industry average of 32. It passed 16 out of 38 due diligence checks and has strong fundamentals. East West Bancorp has seen its stock lose -5.11% over the past year, underperforming other diversified bank stocks by -4 percentage points.

East West Bancorp has an average 1 year price target of $66.00, an upside of 0.49% from East West Bancorp's current stock price of $65.68.

East West Bancorp stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering East West Bancorp, 66.67% have issued a Strong Buy rating, 16.67% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Bank Of America (NYSE:BAC)


Bank Of America (NYSE:BAC) is the second best diversified bank stock with a Zen Score of 43, which is 11 points higher than the diversified bank industry average of 32. It passed 15 out of 38 due diligence checks and has strong fundamentals. Bank Of America has seen its stock lose -15.29% over the past year, underperforming other diversified bank stocks by -14 percentage points.

Bank Of America has an average 1 year price target of $35.45, an upside of 14.5% from Bank Of America's current stock price of $30.96.

Bank Of America stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Bank Of America, 30% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 10% 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 43, which is 11 points higher than the diversified bank industry average of 32. It passed 15 out of 38 due diligence checks and has strong fundamentals. Natwest Group has seen its stock lose -14.02% over the past year, underperforming other diversified bank stocks by -13 percentage points.

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. Natwest Group (NYSE:NWG)


Natwest Group (NYSE:NWG) has an annual dividend yield of 9.52%, which is 5 percentage points higher than the diversified bank industry average of 4.76%. 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 33.2% 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 6.86%, which is 2 percentage points higher than the diversified bank industry average of 4.76%. 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 73.3% 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 6.85%, which is 2 percentage points higher than the diversified bank industry average of 4.76%. 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 36% indicates that its high dividend yield is sustainable for the long-term.

Why are diversified bank stocks up?

Diversified bank stocks were up 1.43% in the last day, and up 3.4% over the last week. East West Bancorp was the among the top gainers in the banks - diversified industry, gaining 4.39% yesterday.

East West Bancorp shares are trading higher after Citigroup initiated coverage on the stock with a Buy rating and $75 price target.

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. Citigroup (NYSE:C)


Citigroup (NYSE:C) is the most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Citigroup has a valuation score of 71, which is 34 points higher than the diversified bank industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Citigroup's stock has dropped -1.15% in the past year. It has performed in line with other stocks in the diversified bank industry.

2. Wells Fargo & Company (NYSE:WFC)


Wells Fargo & Company (NYSE:WFC) is the second most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Wells Fargo & Company has a valuation score of 57, which is 20 points higher than the diversified bank industry average of 37. It passed 4 out of 7 valuation due diligence checks.

Wells Fargo & Company's stock has dropped -3.95% in the past year. It has underperformed other stocks in the diversified bank industry by -3 percentage points.

3. Natwest Group (NYSE:NWG)


Natwest Group (NYSE:NWG) is the third most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Natwest Group has a valuation score of 57, which is 20 points higher than the diversified bank industry average of 37. It passed 4 out of 7 valuation due diligence checks.

Natwest Group's stock has dropped -14.02% in the past year. It has underperformed other stocks in the diversified bank industry by -13 percentage points.

Are diversified bank stocks a good buy now?

38.46% of diversified bank stocks rated by analysts are a buy right now. On average, analysts expect diversified bank stocks to rise by 26.89% 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 13.16x.
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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.