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.

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

Ubs Group Ag (NYSE:UBS) is the top diversified bank stock with a Zen Score of 43, which is 9 points higher than the diversified bank industry average of 34. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ubs Group Ag has seen its stock return 58.2% over the past year, overperforming other diversified bank stocks by 30 percentage points.

Ubs Group Ag has an average 1 year price target of $32.18, an upside of 4.96% from Ubs Group Ag's current stock price of $30.66.

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.

Hsbc Holdings (NYSE:HSBC) is the second best diversified bank stock with a Zen Score of 42, which is 8 points higher than the diversified bank industry average of 34. It passed 14 out of 38 due diligence checks and has strong fundamentals. Hsbc Holdings has seen its stock return 16.47% over the past year, underperforming other diversified bank stocks by -11 percentage points.

Bank Of America (NYSE:BAC) is the third best diversified bank stock with a Zen Score of 41, which is 7 points higher than the diversified bank industry average of 34. It passed 14 out of 38 due diligence checks and has strong fundamentals. Bank Of America has seen its stock return 40.72% over the past year, overperforming other diversified bank stocks by 13 percentage points.

Bank Of America has an average 1 year price target of $39.28, an upside of 0.94% from Bank Of America's current stock price of $38.91.

Bank Of America stock has a consensus Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Bank Of America, 31.25% have issued a Strong Buy rating, 18.75% have issued a Buy, 43.75% have issued a hold, while 0% have issued a Sell rating, and 6.25% have issued a Strong Sell.

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:

Hsbc Holdings (NYSE:HSBC) has an annual dividend yield of 9.15%, which is 5 percentage points higher than the diversified bank industry average of 4.41%. 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.

Bank Of Nova Scotia (NYSE:BNS) has an annual dividend yield of 7.09%, which is 3 percentage points higher than the diversified bank industry average of 4.41%. 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 68.9% indicates that its high dividend yield is sustainable for the long-term.

Natwest Group (NYSE:NWG) has an annual dividend yield of 6.73%, which is 2 percentage points higher than the diversified bank industry average of 4.41%. 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.

Diversified bank stocks were up 0.68% in the last day, and up 2.43% over the last week. Sumitomo Mitsui Financial Group was the among the top gainers in the banks - diversified industry, gaining 3.9% yesterday.

Sumitomo Mitsui Financial Group shares are trading higher. The company reported fiscal 2023 results.

Based on WallStreetZen's Valuation Score, the 3 most undervalued diversified bank stocks right now are:

Ubs Group Ag (NYSE:UBS) is the most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Ubs Group Ag has a valuation score of 71, which is 27 points higher than the diversified bank industry average of 44. It passed 5 out of 7 valuation due diligence checks.

Ubs Group Ag's stock has gained 58.2% in the past year. It has overperformed other stocks in the diversified bank industry by 30 percentage points.

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 71, which is 27 points higher than the diversified bank industry average of 44. It passed 5 out of 7 valuation due diligence checks.

Natwest Group's stock has gained 26.8% in the past year. It has underperformed other stocks in the diversified bank industry by -1 percentage points.

Hsbc Holdings (NYSE:HSBC) is the third most undervalued diversified bank stock based on WallStreetZen's Valuation Score. Hsbc Holdings has a valuation score of 71, which is 27 points higher than the diversified bank industry average of 44. It passed 5 out of 7 valuation due diligence checks.

Hsbc Holdings's stock has gained 16.47% in the past year. It has underperformed other stocks in the diversified bank industry by -11 percentage points.