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BNS vs. IBN: Bank of Nova Scotia vs. ICICI Bank Stock Comparison

How do Bank of Nova Scotia (BNS) and ICICI Bank (IBN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Bank of Nova Scotia (BNS) and ICICI Bank (IBN) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Bank of Nova Scotia (BNS) trades as ordinary local shares, while ICICI Bank (IBN) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Bank of Nova Scotia (BNS) and ICICI Bank (IBN)
Profile ItemBNSIBN
NameBank of Nova ScotiaICICI Bank Ltd. Sponsored ADR
Country/RegionCanadaIndia
GICS SectorFinancialsFinancials
GICS Industry GroupBanksBanks
GICS IndustryBanksBanks
GICS Sub-IndustryDiversified BanksDiversified Banks
Market Capitalization111.75 billion USD121.68 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 7, 2002March 28, 2000
Security TypeCommon StockADR

Price Performance

Cumulative Growth

BNS
IBN
GSPC
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Bank of Nova Scotia (BNS) vs. ICICI Bank (IBN), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Bank of Nova Scotia (BNS) and ICICI Bank (IBN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Bank of Nova Scotia (BNS) and ICICI Bank (IBN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Bank of Nova Scotia (BNS) and ICICI Bank (IBN)
MetricBNSIBN
Total Return (1Y)44.24%14.98%
Total Return (3Y, Annualized)35.89%16.22%
Total Return (5Y, Annualized)12.57%11.17%

Risk Profile

Drawdown History

BNS
IBN
GSPC
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Bank of Nova Scotia (BNS) vs. ICICI Bank (IBN), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Bank of Nova Scotia (BNS) and ICICI Bank (IBN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Bank of Nova Scotia (BNS) and ICICI Bank (IBN)
MetricBNSIBN
Volatility (1Y, Annualized)20.52%22.77%
Beta (5Y)1.140.29
Max Drawdown (5Y)-40.53%-26.24%
Avg. Volume (3M)1.76M5.48M

Risk-Adjusted Performance

Risk-Return Positioning

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BNS and IBN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Bank of Nova Scotia (BNS) and ICICI Bank (IBN)
MetricBNSIBN
Sharpe Ratio (1Y)1.950.47
Sortino Ratio (1Y)2.990.74

Profitability

ROE (TTM)

ICICI Bank (IBN) at 16.49% sits in the top ROE quartile, while Bank of Nova Scotia (BNS) at 11.46% is closer to the peer norm — stronger capital efficiency for IBN.

BNS

Banks industry group

11.46%

Max
19.84%
Q3
13.67%
Median
11.49%
BNS
11.46%
Q1
9.50%
Min
3.64%

IBN

Banks industry group

16.49%

Max
19.84%
IBN
16.49%
Q3
13.67%
Median
11.49%
Q1
9.50%
Min
3.64%
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Bank of Nova Scotia (BNS) vs. ICICI Bank (IBN): A comparison of their ROE against the Banks industry group benchmark.

Net Margin (TTM)

Both Bank of Nova Scotia (BNS) at 28.43% and ICICI Bank (IBN) at 27.85% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BNS

Banks industry group

28.43%

Max
47.19%
Q3
35.25%
Median
31.21%
BNS
28.43%
Q1
27.11%
Min
14.93%

IBN

Banks industry group

27.85%

Max
47.19%
Q3
35.25%
Median
31.21%
IBN
27.85%
Q1
27.11%
Min
14.93%
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Bank of Nova Scotia (BNS) vs. ICICI Bank (IBN): A comparison of their net margin against the Banks industry group benchmark.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for Bank of Nova Scotia (BNS) in Banks and ICICI Bank (IBN) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for Bank of Nova Scotia (BNS) and ICICI Bank (IBN)
MetricBNSIBN
ROE (TTM)11.46%16.49%
ROA (TTM)0.68%2.10%
Net Margin (TTM)28.43%27.85%
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Both Bank of Nova Scotia (BNS) at 10.36% and ICICI Bank (IBN) at 9.13% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Bank of Nova Scotia (BNS) vs. ICICI Bank (IBN): A comparison of their Revenue Growth across different time periods.

EPS Growth

ICICI Bank (IBN) at 5.10% is around its peer norm for EPS growth, while Bank of Nova Scotia (BNS) at -3.41% drops into the bottom quartile, signaling weaker earnings momentum.

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Bank of Nova Scotia (BNS) vs. ICICI Bank (IBN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Bank of Nova Scotia (BNS) and ICICI Bank (IBN)
MetricBNSIBN
Revenue Growth (YoY)10.36%9.13%
Revenue Growth (3Y CAGR)5.59%18.11%
EPS Growth (YoY)-3.41%5.10%
EPS Growth (3Y CAGR)-10.92%16.05%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Bank of Nova Scotia (BNS) in Banks and ICICI Bank (IBN) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Bank of Nova Scotia (BNS) in Banks and ICICI Bank (IBN) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Bank of Nova Scotia (BNS) and ICICI Bank (IBN)
MetricBNSIBN
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

ICICI Bank (IBN) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Bank of Nova Scotia (BNS) reports a yield of 4.84%, ranking against industry peers normally.

BNS

Banks industry group

4.84%

Max
5.79%
BNS
4.84%
Q3
3.18%
Median
2.39%
Q1
1.20%
Min
0.00%

IBN

Banks industry group

0.00%

Max
5.79%
Q3
3.18%
Median
2.39%
Q1
1.20%
IBN
0.00%
Min
0.00%
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Bank of Nova Scotia (BNS) vs. ICICI Bank (IBN): A comparison of their dividend yield against the Banks industry group benchmark.

Dividend Payout Ratio (TTM)

ICICI Bank (IBN) at 14.16% retains more earnings than its industry usually does; Bank of Nova Scotia (BNS) at 58.04% distributes an above-typical share — opposite departures from the band, with the risk sitting on BNS’s side.

BNS

Banks industry group

58.04%

Max
70.75%
BNS
58.04%
Q3
41.28%
Median
29.26%
Q1
18.98%
Min
0.00%

IBN

Banks industry group

14.16%

Max
70.75%
Q3
41.28%
Median
29.26%
Q1
18.98%
IBN
14.16%
Min
0.00%
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Bank of Nova Scotia (BNS) vs. ICICI Bank (IBN): A comparison of their payout ratio against the Banks industry group benchmark.

Dividend Metrics

Dividend metrics for Bank of Nova Scotia (BNS) and ICICI Bank (IBN)
MetricBNSIBN
Dividend Yield (TTM)4.84%0.00%
Dividend Payout Ratio (TTM)58.04%14.16%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Bank of Nova Scotia (BNS) at 16.61 sits in the richer P/E ratio quartile, and ICICI Bank (IBN) at 19.26 is richer still, above its industry range.

BNS

Banks industry group

16.61

Max
18.16
BNS
16.61
Q3
13.75
Median
11.81
Q1
10.64
Min
6.49

IBN

Banks industry group

19.26

IBN
19.26
Max
18.16
Q3
13.75
Median
11.81
Q1
10.64
Min
6.49
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Bank of Nova Scotia (BNS) vs. ICICI Bank (IBN): A comparison of their P/E ratio against the Banks industry group benchmark.

P/S Ratio (TTM)

P/S ratio is set aside for both Bank of Nova Scotia (BNS) in Banks and ICICI Bank (IBN) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.

P/B Ratio (MRQ)

Both look rich against book: Bank of Nova Scotia (BNS) at 1.76 sits in the upper P/B ratio quartile, and ICICI Bank (IBN) at 2.94 prices even higher, above its industry range.

BNS

Banks industry group

1.76

Max
2.28
BNS
1.76
Q3
1.58
Median
1.32
Q1
1.10
Min
0.59

IBN

Banks industry group

2.94

IBN
2.94
Max
2.28
Q3
1.58
Median
1.32
Q1
1.10
Min
0.59
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Bank of Nova Scotia (BNS) vs. ICICI Bank (IBN): A comparison of their P/B ratio against the Banks industry group benchmark.

Valuation Metrics

Valuation metrics for Bank of Nova Scotia (BNS) and ICICI Bank (IBN)
MetricBNSIBN
P/E Ratio (TTM)16.6119.26
P/S Ratio (TTM)----
P/B Ratio (MRQ)1.762.94
Free Cash Flow Yield (TTM)----