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BNS vs. LYG: Bank of Nova Scotia vs. Lloyds Banking Stock Comparison

How do Bank of Nova Scotia (BNS) and Lloyds Banking (LYG) 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 Lloyds Banking (LYG) 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 Lloyds Banking (LYG) 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 Lloyds Banking (LYG)
Profile ItemBNSLYG
NameBank of Nova ScotiaLloyds Banking Group plc ADR
Country/RegionCanadaUnited Kingdom
GICS SectorFinancialsFinancials
GICS Industry GroupBanksBanks
GICS IndustryBanksBanks
GICS Sub-IndustryDiversified BanksDiversified Banks
Market Capitalization111.75 billion USD72.69 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 7, 2002November 28, 2001
Security TypeCommon StockADR

Price Performance

Cumulative Growth

BNS
LYG
GSPC
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Bank of Nova Scotia (BNS) vs. Lloyds Banking (LYG), 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 Lloyds Banking (LYG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Bank of Nova Scotia (BNS) and Lloyds Banking (LYG). 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 Lloyds Banking (LYG)
MetricBNSLYG
Total Return (1Y)44.24%12.27%
Total Return (3Y, Annualized)35.89%43.57%
Total Return (5Y, Annualized)12.57%20.88%

Risk Profile

Drawdown History

BNS
LYG
GSPC
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Bank of Nova Scotia (BNS) vs. Lloyds Banking (LYG), 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 Lloyds Banking (LYG). 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 Lloyds Banking (LYG)
MetricBNSLYG
Volatility (1Y, Annualized)20.52%30.68%
Beta (5Y)1.140.88
Max Drawdown (5Y)-40.53%-40.17%
Avg. Volume (3M)1.76M16.52M

Risk-Adjusted Performance

Risk-Return Positioning

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BNS and LYG 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 Lloyds Banking (LYG)
MetricBNSLYG
Sharpe Ratio (1Y)1.950.26
Sortino Ratio (1Y)2.990.39

Profitability

ROE (TTM)

Lloyds Banking (LYG) at 13.69% 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 LYG.

BNS

Banks industry group

11.46%

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

LYG

Banks industry group

13.69%

Max
19.84%
LYG
13.69%
Q3
13.67%
Median
11.49%
Q1
9.50%
Min
3.64%
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Bank of Nova Scotia (BNS) vs. Lloyds Banking (LYG): A comparison of their ROE against the Banks industry group benchmark.

Net Margin (TTM)

Both Bank of Nova Scotia (BNS) at 28.43% and Lloyds Banking (LYG) at 30.61% 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%

LYG

Banks industry group

30.61%

Max
47.19%
Q3
35.25%
Median
31.21%
LYG
30.61%
Q1
27.11%
Min
14.93%
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Bank of Nova Scotia (BNS) vs. Lloyds Banking (LYG): 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 Lloyds Banking (LYG) 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 Lloyds Banking (LYG)
MetricBNSLYG
ROE (TTM)11.46%13.69%
ROA (TTM)0.68%0.65%
Net Margin (TTM)28.43%30.61%
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Both Bank of Nova Scotia (BNS) at 10.36% and Lloyds Banking (LYG) at 7.66% 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. Lloyds Banking (LYG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Lloyds Banking (LYG) at 11.29% 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. Lloyds Banking (LYG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Bank of Nova Scotia (BNS) and Lloyds Banking (LYG)
MetricBNSLYG
Revenue Growth (YoY)10.36%7.66%
Revenue Growth (3Y CAGR)5.59%7.66%
EPS Growth (YoY)-3.41%11.29%
EPS Growth (3Y CAGR)-10.92%-1.41%

Financial Strength

Current Ratio (MRQ)

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

Dividends

Dividend Yield (TTM)

Bank of Nova Scotia (BNS) at 4.84% offers top-quartile income, while Lloyds Banking (LYG) at 0.77% sits in the bottom quartile — a wide gap in cash returned to shareholders.

BNS

Banks industry group

4.84%

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

LYG

Banks industry group

0.77%

Max
5.79%
Q3
3.18%
Median
2.39%
Q1
1.20%
LYG
0.77%
Min
0.00%
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Bank of Nova Scotia (BNS) vs. Lloyds Banking (LYG): 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 Lloyds Banking (LYG) at 41.85% 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%

LYG

Banks industry group

41.85%

Max
70.75%
LYG
41.85%
Q3
41.28%
Median
29.26%
Q1
18.98%
Min
0.00%
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Bank of Nova Scotia (BNS) vs. Lloyds Banking (LYG): A comparison of their payout ratio against the Banks industry group benchmark.

Dividend Metrics

Dividend metrics for Bank of Nova Scotia (BNS) and Lloyds Banking (LYG)
MetricBNSLYG
Dividend Yield (TTM)4.84%0.77%
Dividend Payout Ratio (TTM)58.04%41.85%

Valuation

P/E Ratio (TTM)

Lloyds Banking (LYG) at 9.79 sits in the cheaper P/E ratio quartile, while Bank of Nova Scotia (BNS) at 16.61 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

BNS

Banks industry group

16.61

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

LYG

Banks industry group

9.79

Max
18.16
Q3
13.75
Median
11.81
Q1
10.64
LYG
9.79
Min
6.49
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Bank of Nova Scotia (BNS) vs. Lloyds Banking (LYG): 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 Lloyds Banking (LYG) 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)

Lloyds Banking (LYG) at 1.19 is valued about in line with its industry on P/B ratio, while Bank of Nova Scotia (BNS) at 1.76 carries an above-peer premium to book — BNS is pricier on assets.

BNS

Banks industry group

1.76

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

LYG

Banks industry group

1.19

Max
2.28
Q3
1.58
Median
1.32
LYG
1.19
Q1
1.10
Min
0.59
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Bank of Nova Scotia (BNS) vs. Lloyds Banking (LYG): A comparison of their P/B ratio against the Banks industry group benchmark.

Valuation Metrics

Valuation metrics for Bank of Nova Scotia (BNS) and Lloyds Banking (LYG)
MetricBNSLYG
P/E Ratio (TTM)16.619.79
P/S Ratio (TTM)----
P/B Ratio (MRQ)1.761.19
Free Cash Flow Yield (TTM)----