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BNS vs TD
Which Stock Would AI Choose? Bank of Nova Scotia (BNS) vs. Toronto-Dominion Bank (TD) Stock Comparison
Key Takeaways
- BNS has delivered a stronger recent earnings turnaround, with adjusted return on equity (ROE, a measure of profitability relative to shareholder capital) surpassing its medium-term target ahead of schedule.
- TD offers greater scale and a larger U.S. footprint, but remains weighed down by lingering anti-money laundering (AML) remediation costs and a U.S. retail asset cap.
- Both stocks have posted strong double-digit returns over the past year, but their drivers differ sharply: BNS is rerating on improving profitability, while TD is rebuilding confidence after regulatory setbacks.
- Tickeron AI Verdict: BNS is currently the favored ticker based on stronger earnings momentum, improving ROE, and clearer near-term catalysts.
- For deeper context, explore BNS Major News, BNS Today's Price Move, TD Major News, and TD Today's Price Move on their dedicated pages.
- To see how automated strategies are positioning across the market, visit the curated Trending AI Robots page.
Introduction
Investors tracking Canadian financials frequently weigh BNS against TD because both are pillars of Canada's banking sector yet pursue very different growth strategies. This stock comparison is particularly relevant for income-oriented investors and financial-sector traders evaluating relative performance, market positioning, and risk profiles in the current environment. Bank of Nova Scotia (Scotiabank) is Canada's most internationally diversified lender, while Toronto-Dominion Bank commands one of the largest U.S. retail franchises among Canadian peers. Understanding how each is navigating interest rates, credit conditions, and regulatory dynamics can help clarify which institution currently offers a more compelling risk-reward profile.
BNS Overview and Recent Performance
Bank of Nova Scotia, commonly known as Scotiabank, is Canada's third-largest bank by assets and its most global, generating roughly half its revenue domestically and more than 40% from international operations concentrated in Latin America. Under a strategic pivot toward premium North American trade corridors, management has reallocated capital away from lower-return international businesses and back into higher-margin domestic and North American segments.
That shift has translated into measurable operating momentum in recent quarters. Scotiabank reported record net earnings, with adjusted diluted earnings per share (EPS) rising about 21% year over year. Its adjusted ROE reached 14.2%, exceeding its medium-term target, and the bank logged a tenth consecutive quarter of positive operating leverage, meaning revenue growth outpaced expense growth. The bank also announced a commitment of more than $100 billion in Canadian business financing over five years and expanded its share-buyback authorization from 15 million to 40 million shares, signaling confidence in its capital position. Sentiment has improved accordingly, with the shares posting strong year-to-date and one-year gains and a dividend yield in the mid-3% range. Key risks include exposure to Canadian housing and currency, political, and credit conditions across Latin America.
TD Overview and Recent Performance
Toronto-Dominion Bank is Canada's second-largest bank by assets, with a business that is roughly 55% domestic and about 40% U.S.-based. Its U.S. retail franchise, branded "America's Most Convenient Bank," spans the East Coast from Maine to Florida, giving it one of the most extensive footprints of any Canadian lender in the United States.
Recent performance, however, has been shaped by a multi-year effort to remediate its U.S. anti-money laundering (AML) program. TD previously pleaded guilty to violations of U.S. law, paid billions in penalties, and continues to operate under a rare asset cap on its U.S. retail bank that limits balance-sheet growth. Under new leadership, the bank has sold its equity stake in Charles Schwab, redirected capital toward buybacks and its stronger Canadian businesses, and signaled plans to open roughly 100 new U.S. branches over time. TD has also consolidated its asset-management businesses under the TD Asset Management brand and disclosed expected insurance catastrophe claims in its wealth segment. While the stock has delivered substantial one-year and year-to-date returns, elevated remediation costs and the asset cap remain structural headwinds, and the shares trade at a higher earnings multiple than BNS, leaving less valuation cushion.
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Head-to-Head Comparison
While both are diversified banks, BNS and TD diverge meaningfully on business model and momentum. Scotiabank is leaner and more internationally exposed, with its growth narrative centered on improving returns in Canada and a refocused North American corridor. TD is larger, more U.S.-centric, and currently in a remediation phase, with capital returns and domestic share gains offsetting a constrained U.S. retail business.
On recent momentum, BNS has the clearer earnings inflection: record profit, an ROE already above target, and positive operating leverage contrast with TD's higher structural expenses and regulatory overhang. On stability and scale, TD holds an edge, with a larger market capitalization, a lower beta, and a dominant domestic franchise, though its premium valuation and asset cap temper that advantage. Sector exposure also differs: BNS carries more emerging-market and Latin American risk, while TD faces concentrated U.S. regulatory and compliance exposure. For investors, the trade-off is between BNS's improving profitability story and TD's scale and long-term franchise value still working through a cleanup period.
Tickeron AI Verdict
Based on observable factors such as trend consistency, earnings momentum, stability of catalysts, and relative positioning, Tickeron's AI would currently lean toward BNS over TD. Scotiabank's combination of record earnings, an ROE that has already exceeded its medium-term objective, sustained positive operating leverage, and an expanded buyback program suggests a more intact and accelerating trend. TD's trajectory, by contrast, remains more dependent on resolving regulatory constraints and controlling remediation costs, which introduces greater uncertainty into its near-term path. This assessment is probabilistic rather than definitive, reflecting the relative strength of current signals rather than a guaranteed outcome for either stock.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is BNS is a Hold and TD is a StrongBuy.
BNS in -4.92% downward trend, sliding for three consecutive days on November 06, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BNS declined for three days, in 153 of 277 cases, the price declined further within the following month. The odds of a continued downward trend are 55%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for BNS moved out of overbought territory on October 30, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 49 similar instances where the indicator moved out of overbought territory. In 20 of the 49 cases, the stock moved lower in the following days. This puts the odds of a move lower at 41%.
The Momentum Indicator moved below the 0 level on November 10, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on BNS as a result. In 34 of 68 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 50%.
The Moving Average Convergence Divergence Histogram (MACD) for BNS turned negative on November 06, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In 21 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 47%.
BNS broke above its upper Bollinger Band on November 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
BNS moved above its 50-day moving average on November 09, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BNS crossed bullishly above the 50-day moving average on October 22, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 6 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 35%.
Following a +1.66% 3-day Advance, the price is estimated to grow further. Considering data from situations where BNS advanced for three days, in 175 of 334 cases, the price rose further within the following month. The odds of a continued upward trend are 52%.
The Aroon Indicator entered an Uptrend today. In 177 of 376 cases where BNS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 47%.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 3 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 41 (best 1 - 100 worst), indicating steady price growth. BNS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 46 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.408) is normal, around the industry mean (1.500). P/E Ratio (11.877) is within average values for comparable stocks, (11.703). Projected Growth (PEG Ratio) (0.996) is also within normal values, averaging (2.139). Dividend Yield (0.035) settles around the average of (0.035) among similar stocks. P/S Ratio (4.050) is also within normal values, averaging (3.867).
The Tickeron Profit vs. Risk Rating rating for this company is 47 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 20, placing this stock slightly worse than average.
The Tickeron Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 82 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
TD in upward trend: 10-day moving average crossed above 50-day moving average on October 22, 2026
The 10-day moving average for TD crossed bullishly above the 50-day moving average on October 22, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 64%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
TD moved above its 50-day moving average on October 15, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +1.15% 3-day Advance, the price is estimated to grow further. Considering data from situations where TD advanced for three days, in 175 of 345 cases, the price rose further within the following month. The odds of a continued upward trend are 51%.
The Aroon Indicator entered an Uptrend today. In 197 of 364 cases where TD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 54%.
Bearish Trend Analysis
The 10-day RSI Indicator for TD moved out of overbought territory on November 05, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In 17 of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at 44%.
The Momentum Indicator moved below the 0 level on November 05, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on TD as a result. In 34 of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 44%.
The Moving Average Convergence Divergence Histogram (MACD) for TD turned negative on November 06, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 27 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TD declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 50%.
TD broke above its upper Bollinger Band on October 21, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 3 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 13 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 24 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 20, placing this stock worse than average.
The Tickeron Price Growth Rating for this company is 41 (best 1 - 100 worst), indicating steady price growth. TD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 66 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.757) is normal, around the industry mean (1.500). P/E Ratio (13.063) is within average values for comparable stocks, (11.703). Projected Growth (PEG Ratio) (1.006) is also within normal values, averaging (2.139). Dividend Yield (0.026) settles around the average of (0.035) among similar stocks. P/S Ratio (4.318) is also within normal values, averaging (3.867).
BNS | TD | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 32 | 35 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 46 Fair valued | 66 Overvalued | |
PROFIT vs RISK RATING 1..100 | 47 | 24 | |
SMR RATING 1..100 | 3 | 3 | |
PRICE GROWTH RATING 1..100 | 41 | 41 | |
P/E GROWTH RATING 1..100 | 82 | 13 | |
SEASONALITY SCORE 1..100 | 75 | n/a |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
BNS's Valuation (46) in the Major Banks industry is in the same range as TD (66). This means that BNS’s stock grew similarly to TD’s over the last 12 months.
TD's Profit vs Risk Rating (24) in the Major Banks industry is in the same range as BNS (47). This means that TD’s stock grew similarly to BNS’s over the last 12 months.
TD's SMR Rating (3) in the Major Banks industry is in the same range as BNS (3). This means that TD’s stock grew similarly to BNS’s over the last 12 months.
TD's Price Growth Rating (41) in the Major Banks industry is in the same range as BNS (41). This means that TD’s stock grew similarly to BNS’s over the last 12 months.
TD's P/E Growth Rating (13) in the Major Banks industry is significantly better than the same rating for BNS (82). This means that TD’s stock grew significantly faster than BNS’s over the last 12 months.
| BNS | TD | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 41% | 2 days ago 44% |
| Stochastic ODDS (%) | 2 days ago 51% | 2 days ago 57% |
| Momentum ODDS (%) | 2 days ago 50% | 2 days ago 44% |
| MACD ODDS (%) | 2 days ago 47% | 2 days ago 53% |
| TrendWeek ODDS (%) | 2 days ago 52% | 2 days ago 49% |
| TrendMonth ODDS (%) | 2 days ago 49% | 2 days ago 54% |
| Advances ODDS (%) | 14 days ago 52% | 14 days ago 51% |
| Declines ODDS (%) | 6 days ago 55% | 6 days ago 50% |
| BollingerBands ODDS (%) | 2 days ago 39% | 2 days ago 49% |
| Aroon ODDS (%) | 2 days ago 47% | 2 days ago 54% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
BNS’s FA Score shows that 1 FA rating(s) are green while TD’s FA Score has 3 green FA rating(s).
- BNS’s FA Score: 1 green, 4 red.
- TD’s FA Score: 3 green, 2 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
BNS’s TA Score shows that 5 TA indicator(s) are bullish while TD’s TA Score has 5 bullish TA indicator(s).
- BNS’s TA Score: 5 bullish, 5 bearish.
- TD’s TA Score: 5 bullish, 5 bearish.
Price Growth
BNS (@Major Banks) experienced а -1.10% price change this week, while TD (@Major Banks) price change was -0.70% for the same time period.
The average weekly price growth across all stocks in the @Major Banks industry was -0.74%. For the same industry, the average monthly price growth was +1.49%, and the average quarterly price growth was +11.62%.
Reported Earning Dates
BNS is expected to report earnings on Dec 02, 2026.
TD is expected to report earnings on Dec 03, 2026.
Industries' Descriptions
@Major Banks (-0.74% weekly)Major banks are among the biggest companies in the world, often times with global reach and market capitalizations in the multi-billions. Large banks often have multiple arms spanning different disciplines, from deposits, to investment banking, to wealth management and insurance. The biggest banks often have key competitive advantages over smaller players in the industry in terms of brand recognition, cost of capital, and efficiency. Think J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.
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BNS and
Correlation & Price change
A.I.dvisor indicates that over the last year, BNS has been closely correlated with TD. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if BNS jumps, then TD could also see price increases.
TD and
Correlation & Price change
A.I.dvisor indicates that over the last year, TD has been closely correlated with RY. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if TD jumps, then RY could also see price increases.