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BNS vs. ING: Bank of Nova Scotia vs. ING Groep Stock Comparison

How do Bank of Nova Scotia (BNS) and ING Groep (ING) 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 ING Groep (ING) 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 ING Groep (ING) 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 ING Groep (ING)
Profile ItemBNSING
NameBank of Nova ScotiaING Groep N.V. Sponsored ADR
Country/RegionCanadaNetherlands
GICS SectorFinancialsFinancials
GICS Industry GroupBanksBanks
GICS IndustryBanksBanks
GICS Sub-IndustryDiversified BanksDiversified Banks
Market Capitalization111.75 billion USD90.37 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 7, 2002May 18, 1994
Security TypeCommon StockADR

Price Performance

Cumulative Growth

BNS
ING
GSPC
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Bank of Nova Scotia (BNS) vs. ING Groep (ING), 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 ING Groep (ING). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Bank of Nova Scotia (BNS) and ING Groep (ING). 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 ING Groep (ING)
MetricBNSING
Total Return (1Y)44.24%34.23%
Total Return (3Y, Annualized)35.89%44.65%
Total Return (5Y, Annualized)12.57%24.74%

Risk Profile

Drawdown History

BNS
ING
GSPC
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Bank of Nova Scotia (BNS) vs. ING Groep (ING), 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 ING Groep (ING). 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 ING Groep (ING)
MetricBNSING
Volatility (1Y, Annualized)20.52%28.52%
Beta (5Y)1.140.85
Max Drawdown (5Y)-40.53%-43.39%
Avg. Volume (3M)1.76M2.24M

Risk-Adjusted Performance

Risk-Return Positioning

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BNS and ING 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 ING Groep (ING)
MetricBNSING
Sharpe Ratio (1Y)1.951.05
Sortino Ratio (1Y)2.991.67

Profitability

ROE (TTM)

ING Groep (ING) at 17.76% 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 ING.

BNS

Banks industry group

11.46%

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

ING

Banks industry group

17.76%

Max
19.84%
ING
17.76%
Q3
13.67%
Median
11.49%
Q1
9.50%
Min
3.64%
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Bank of Nova Scotia (BNS) vs. ING Groep (ING): A comparison of their ROE against the Banks industry group benchmark.

Net Margin (TTM)

Both Bank of Nova Scotia (BNS) at 28.43% and ING Groep (ING) at 34.40% 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%

ING

Banks industry group

34.40%

Max
47.19%
Q3
35.25%
ING
34.40%
Median
31.21%
Q1
27.11%
Min
14.93%
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Bank of Nova Scotia (BNS) vs. ING Groep (ING): 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 ING Groep (ING) 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 ING Groep (ING)
MetricBNSING
ROE (TTM)11.46%17.76%
ROA (TTM)0.68%0.79%
Net Margin (TTM)28.43%34.40%
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Bank of Nova Scotia (BNS) at 10.36% is around its peer norm for revenue growth, while ING Groep (ING) at 1.55% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

ING Groep (ING) at 7.07% 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. ING Groep (ING): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Bank of Nova Scotia (BNS) and ING Groep (ING)
MetricBNSING
Revenue Growth (YoY)10.36%1.55%
Revenue Growth (3Y CAGR)5.59%6.63%
EPS Growth (YoY)-3.41%7.07%
EPS Growth (3Y CAGR)-10.92%28.04%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Bank of Nova Scotia (BNS) in Banks and ING Groep (ING) 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 ING Groep (ING) 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 ING Groep (ING)
MetricBNSING
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both Bank of Nova Scotia (BNS) at 4.84% and ING Groep (ING) at 4.55% offer top-quartile dividend income relative to share price within their industries.

BNS

Banks industry group

4.84%

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

ING

Banks industry group

4.55%

Max
5.79%
ING
4.55%
Q3
3.18%
Median
2.39%
Q1
1.20%
Min
0.00%
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Bank of Nova Scotia (BNS) vs. ING Groep (ING): A comparison of their dividend yield against the Banks industry group benchmark.

Dividend Payout Ratio (TTM)

Both Bank of Nova Scotia (BNS) at 58.04% and ING Groep (ING) at 48.14% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

BNS

Banks industry group

58.04%

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

ING

Banks industry group

48.14%

Max
70.75%
ING
48.14%
Q3
41.28%
Median
29.26%
Q1
18.98%
Min
0.00%
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Bank of Nova Scotia (BNS) vs. ING Groep (ING): A comparison of their payout ratio against the Banks industry group benchmark.

Dividend Metrics

Dividend metrics for Bank of Nova Scotia (BNS) and ING Groep (ING)
MetricBNSING
Dividend Yield (TTM)4.84%4.55%
Dividend Payout Ratio (TTM)58.04%48.14%

Valuation

P/E Ratio (TTM)

ING Groep (ING) at 11.70 is near its industry’s usual P/E ratio, while Bank of Nova Scotia (BNS) at 16.61 sits in the richer quartile — BNS needs stronger growth or earnings quality to justify the premium.

BNS

Banks industry group

16.61

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

ING

Banks industry group

11.70

Max
18.16
Q3
13.75
Median
11.81
ING
11.70
Q1
10.64
Min
6.49
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Bank of Nova Scotia (BNS) vs. ING Groep (ING): 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 ING Groep (ING) 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 Bank of Nova Scotia (BNS) at 1.76 and ING Groep (ING) at 1.61 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

BNS

Banks industry group

1.76

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

ING

Banks industry group

1.61

Max
2.28
ING
1.61
Q3
1.58
Median
1.32
Q1
1.10
Min
0.59
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Bank of Nova Scotia (BNS) vs. ING Groep (ING): A comparison of their P/B ratio against the Banks industry group benchmark.

Valuation Metrics

Valuation metrics for Bank of Nova Scotia (BNS) and ING Groep (ING)
MetricBNSING
P/E Ratio (TTM)16.6111.70
P/S Ratio (TTM)----
P/B Ratio (MRQ)1.761.61
Free Cash Flow Yield (TTM)----