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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
HSBC
HSBC HOLDINGS PLC
$168.66B$66.06B$32.79B$22.43B$5.7530.50%0.77%59.72%12.79%2024-07-31
BCS
BARCLAYS PLC
$43.76B$30.98BN/A$5.31B$1.323.91%4.46%-15.70%5.43%2024-08-01
BMO
BANK OF MONTREAL
$63.18B$23.45B$7.58B$4.64B$6.074.78%4.95%-19.01%-3.18%2024-08-27
EWBC
EAST WEST BANCORP INC
$10.62B$2.46B$1.59B$1.12B$7.991.58%9.83%-7.09%11.20%2024-07-23
NTB
BANK OF NT BUTTERFIELD & SON LTD
$1.76B$574.44M$239.73M$216.72M$4.510.96%1.66%-3.63%3.98%2024-07-29
CM
CANADIAN IMPERIAL BANK OF COMMERCE
$45.67B$17.71B$6.69B$4.48B$4.823.51%5.33%22.27%2.32%2024-08-29
JPM
JPMORGAN CHASE & CO
$588.52B$161.69B$68.97B$48.51B$16.5918.60%8.01%22.16%12.25%
UBS
UBS GROUP AG
$108.16B$46.40B$36.90B$31.65B$10.0330.80%9.54%317.81%53.46%2024-09-11
C
CITIGROUP INC
$123.07B$78.12B$15.69B$7.99B$3.450.67%1.49%-52.22%-12.92%
BNS
BANK OF NOVA SCOTIA
$57.86B$24.37B$8.30B$5.37B$4.442.82%1.46%-13.62%-2.79%2024-08-27
NWG
NATWEST GROUP PLC
$38.30B$17.72BN/A$4.68B$1.128.89%0.99%24.62%26.27%2024-07-26
WFC
WELLS FARGO & COMPANY
$197.12B$82.73B$27.91B$17.58B$4.856.93%-0.64%33.98%1.29%
TD
TORONTO DOMINION BANK
$101.66B$36.59B$11.49B$7.41B$4.073.73%4.42%-40.39%-2.28%2024-08-22
RY
ROYAL BANK OF CANADA
$157.10B$40.55B$14.17B$11.42B$8.016.05%3.72%4.70%4.18%2024-08-28
MUFG
MITSUBISHI UFJ FINANCIAL GROUP INC
$140.45B$28.81B$6.89B$4.24B$0.3421.57%-4.40%N/A-14.55%2024-08-01
BAC
BANK OF AMERICA CORP
$325.25B$98.14B$28.61B$23.35B$2.920.16%1.53%-12.84%1.35%2024-07-16
SMFG
SUMITOMO MITSUI FINANCIAL GROUP INC
$91.49B$25.03B$9.66B$5.53B$0.83-8.90%-1.95%-13.97%4.25%2024-08-02

Diversified Bank Stocks FAQ

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

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

1. Hsbc Holdings (NYSE:HSBC)


Hsbc Holdings (NYSE:HSBC) 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. Hsbc Holdings has seen its stock return 9.2% over the past year, underperforming other diversified bank stocks by -12 percentage points.

2. Barclays (NYSE:BCS)


Barclays (NYSE:BCS) 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. Barclays has seen its stock return 43.39% over the past year, overperforming other diversified bank stocks by 22 percentage points.

3. Bank Of Montreal (NYSE:BMO)


Bank Of Montreal (NYSE:BMO) is the third best diversified bank stock with a Zen Score of 41, which is 6 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 Montreal has seen its stock lose -5.02% over the past year, underperforming other diversified bank stocks by -26 percentage points.

Bank Of Montreal has an average 1 year price target of $124.00, an upside of 43.12% from Bank Of Montreal's current stock price of $86.64.

Bank Of Montreal stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Bank Of Montreal, 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 14 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 9.35%, which is 5 percentage points higher than the diversified bank industry average of 4.51%. 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.

2. Bank Of Nova Scotia (NYSE:BNS)


Bank Of Nova Scotia (NYSE:BNS) has an annual dividend yield of 7.86%, which is 3 percentage points higher than the diversified bank industry average of 4.51%. 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 77.5% 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 6.69%, which is 2 percentage points higher than the diversified bank industry average of 4.51%. 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 51.1% indicates that its high dividend yield is sustainable for the long-term.

Why are diversified bank stocks down?

Diversified bank stocks were down -0.43% in the last day, and up 1.91% over the last week. Wells Fargo & Company was the among the top losers in the banks - diversified industry, dropping -6.02% yesterday.

Shares of several banks are trading higher amid continued volatility following earning reports from several companies within the sector reported last last week.

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 31 points higher than the diversified bank industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Hsbc Holdings's stock has gained 9.2% in the past year. It has underperformed other stocks in the diversified bank industry by -12 percentage points.

2. Barclays (NYSE:BCS)


Barclays (NYSE:BCS) is the second most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Barclays has a valuation score of 71, which is 31 points higher than the diversified bank industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Barclays's stock has gained 43.39% in the past year. It has overperformed other stocks in the diversified bank industry by 22 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 17 points higher than the diversified bank industry average of 40. It passed 4 out of 7 valuation due diligence checks.

Citigroup's stock has gained 36.18% in the past year. It has overperformed other stocks in the diversified bank industry by 15 percentage points.

Are diversified bank stocks a good buy now?

45.45% of diversified bank stocks rated by analysts are a buy right now. On average, analysts expect diversified bank stocks to rise by 20.5% 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 13.49x.
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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.