WallStreetZenWallStreetZen

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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
EWBC
EAST WEST BANCORP INC
$9.26B2.43%22.40%$0.4000$1.6045%0
NTB
BANK OF NT BUTTERFIELD & SON LTD
$1.71B6.47%45.20%$0.4400$2.2085%0
NWG
NATWEST GROUP PLC
$33.97B4.62%53.60%$0.0910$0.2976%2
BMO
BANK OF MONTREAL
$62.69B4.52%27.80%$1.0217$4.1975%2
BAC
BANK OF AMERICA CORP
$260.25B2.65%26.70%$0.2200$0.8649%02022-12-30
BCS
BARCLAYS PLC
$32.33B4.20%23.40%$0.1083$0.3372%8
WFC
WELLS FARGO & COMPANY
$162.25B2.58%25.70%$0.3000$1.1048%1
C
CITIGROUP INC
$86.56B4.56%27.60%$0.5100$2.0476%0
HSBC
HSBC HOLDINGS PLC
$124.74B4.47%35.50%$0.4500$1.3575%10
JPM
JPMORGAN CHASE & CO
$389.76B3.01%33.70%$1.0000$4.0056%0
TD
TORONTO DOMINION BANK
$120.59B4.15%38.60%$0.6575$2.7571%2
BNS
BANK OF NOVA SCOTIA
$59.86B6.24%51.80%$0.7447$3.1384%2
NU
NU HOLDINGS LTD
$19.07BN/A0.00%N/AN/AN/AN/A
RY
ROYAL BANK OF CANADA
$133.90B4.28%49.60%$0.9357$4.1373%3
SMFG
SUMITOMO MITSUI FINANCIAL GROUP INC
$46.52BN/A0.00%$0.1503N/AN/A2
UBS
UBS GROUP AG
$67.35B1.37%8.00%$0.2500$0.2524%2
CM
CANADIAN IMPERIAL BANK OF COMMERCE
$38.82B8.84%50.00%$0.6088$3.7990%2
INTR
INTER & CO INC
$479.90MN/AN/AN/AN/AN/AN/A
CS
CREDIT SUISSE GROUP AG
$8.53B1.59%-7.50%$0.0528$0.0529%3
MUFG
MITSUBISHI UFJ FINANCIAL GROUP INC
$72.25BN/A0.00%$0.1130N/AN/A2

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 28 points higher than the diversified bank industry average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. East West Bancorp has seen its stock lose -16.8% over the past year.

East West Bancorp has an average 1 year price target of $87.00, an upside of 32.36% from East West Bancorp's current stock price of $65.73.

East West Bancorp stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering East West Bancorp, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% 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 23 points higher than the diversified bank industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Bank Of Nt Butterfield & Son has seen its stock lose -8.26% over the past year, overperforming other diversified bank stocks by 8 percentage points.

Bank Of Nt Butterfield & Son has an average 1 year price target of $38.00, an upside of 11.76% from Bank Of Nt Butterfield & Son's current stock price of $34.00.

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 51, which is 21 points higher than the diversified bank industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Natwest Group has seen its stock return 0.58% over the past year, overperforming other diversified bank stocks by 17 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 8.84%, which is 5 percentage points higher than the diversified bank industry average of 4.13%. 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 6.47%, which is 2 percentage points higher than the diversified bank industry average of 4.13%. 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 6.24%, which is 2 percentage points higher than the diversified bank industry average of 4.13%. 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 up?

Diversified bank stocks were up 0.1% in the last day, and down -4.38% over the last week. Nu Holdings was the among the top gainers in the banks - diversified industry, gaining 2.52% yesterday.

Nu Holdings shares are trading higher after JP Morgan upgraded the stock from Underweight to Neutral.

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 30 points higher than the diversified bank industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Barclays's stock has dropped -22.42% in the past year. It has underperformed other stocks in the diversified bank industry by -6 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 30 points higher than the diversified bank industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Natwest Group's stock has gained 0.58% in the past year. It has overperformed other stocks in the diversified bank industry by 17 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 30 points higher than the diversified bank industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Sumitomo Mitsui Financial Group's stock has dropped -1.46% 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% of diversified bank stocks rated by analysts are a strong buy right now. On average, analysts expect diversified bank stocks to rise by 29.46% 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 3.63x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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.