Scotiabank vs ING

Scotiabank vs ING: This page compares two banking groups across business models, financial performance, and market context to help readers understand differences in a clear, neutral way. It presents facts and context without recommendations. Educational content, not financial advice.

About The Companies

Scotiabank (BNS)

Bank of Nova Scotia (Scotiabank) is one of Canada’s Big Five banks, with a market capitalisation around $79.9bn. It operates a diversified banking franchise across Canada, Latin America, the Caribbean and select global markets, combining retail, commercial, wealth management and corporate banking services. Investors should note Scotiabank’s sensitivity to interest‑rate cycles (which affect net interest margins) and its exposure to emerging‑market economies, which can add growth potential and volatility. Key areas to watch include credit quality in consumer and commercial lending, provisioning for bad debts, foreign‑exchange and geopolitical risks in overseas markets, and regulatory capital levels. The bank has historically prioritised dividend payouts and capital discipline, though dividends are subject to earnings and regulatory approval. This summary is educational only and not personalised investment advice; past performance is not a reliable indicator of future results and values can rise or fall.

ING (ING)

ING Groep N.V. (ING) is a large Dutch banking group offering retail, direct and wholesale banking across Europe and selected global markets. With a market capitalisation of about $72.12B, ING combines traditional deposit‑taking and lending with a strong digital banking platform that serves consumers and businesses. Key considerations for investors include sensitivity to interest‑rate cycles, credit quality of loan books, regulatory capital requirements and competition from fintechs. ING has focused on cost control, digital transformation and selective growth in higher‑margin markets, but performance can vary with economic swings. Dividends and buybacks have been part of its capital return approach historically, though they depend on profit, capital levels and regulator guidance. This summary is for general educational purposes only and not personal advice; investors should assess how a banking stock fits their risk tolerance, time horizon and diversification needs. Returns are not guaranteed and bank shares can be volatile.

Comparison Snapshot

Key Financial Metrics

BNS

Metric

ING

$89.92B

Market Cap

$82.28B

-24.51%

Potential Profit

-11.05%

Hold

Analyst Rating

Buy

Why It's Moving

Bank of Nova Scotia surges to 52-week high on strong earnings and analyst upgrades.

Posted C$1.93 EPS and C$9.77B revenue for the quarter ending December 2, surpassing forecasts and highlighting resilient margins of 17.68%.
Analysts at BMO Capital and Barclays raised price targets to C$93 and C$97 respectively on December 3, reflecting improved earnings outlook.
Year-to-date gains of 31.2% outpace the finance sector's 15.8% average, driven by positive Zacks Rank #2 (Buy) and upward earnings revisions.

Sentiment:

🐃Bullish

ING Accelerates €1.1B Share Buyback, Signaling Confidence in Steady Growth.

Repurchased 1,710,214 shares during December 1-5 at an average €22.64 per share, advancing the program to 22.88% complete with €251.7 million spent so far.
Total buybacks to date hit 11,382,155 shares at €22.11 average, reducing share capital and potentially lifting earnings per share for investors.
Program, launched October 30, reflects ING's strong CET1 ratio and commitment to 50% payout of resilient net profit, aligning with ECB guidelines.

Sentiment:

🐃Bullish

Bank of Nova Scotia surges to 52-week high on strong earnings and analyst upgrades.

Posted C$1.93 EPS and C$9.77B revenue for the quarter ending December 2, surpassing forecasts and highlighting resilient margins of 17.68%.
Analysts at BMO Capital and Barclays raised price targets to C$93 and C$97 respectively on December 3, reflecting improved earnings outlook.
Year-to-date gains of 31.2% outpace the finance sector's 15.8% average, driven by positive Zacks Rank #2 (Buy) and upward earnings revisions.

Sentiment:

🐃Bullish

ING Accelerates €1.1B Share Buyback, Signaling Confidence in Steady Growth.

Repurchased 1,710,214 shares during December 1-5 at an average €22.64 per share, advancing the program to 22.88% complete with €251.7 million spent so far.
Total buybacks to date hit 11,382,155 shares at €22.11 average, reducing share capital and potentially lifting earnings per share for investors.
Program, launched October 30, reflects ING's strong CET1 ratio and commitment to 50% payout of resilient net profit, aligning with ECB guidelines.

Sentiment:

🐃Bullish

Which Baskets Do They Appear In?

Canada Domestic Champions Explained | Trade War Shield

Recent U.S. tariffs have caused a contraction in Canada's export-driven economy, creating a unique investment opportunity. This theme focuses on Canadian companies that serve the domestic market and are insulated from international trade disputes.

Published: August 30, 2025

Explore Basket

Which Baskets Do They Appear In?

Canada Domestic Champions Explained | Trade War Shield

Published: August 30, 2025

Explore Basket

Investment Analysis

Scotiabank

BNS

Pros

Scotiabank has a strong international presence across the Americas, providing diversification beyond Canadian banking.
The bank offers a solid dividend yield near 4.7%, appealing to income-focused investors.
It operates multiple business segments, including global wealth management and retail banking, enhancing revenue stability.

Considerations

Scotiabank’s relatively high price-to-earnings ratio around 17 suggests potential overvaluation compared to earnings.
Its dividend payout ratio is elevated at about 82%, which might challenge future dividend sustainability.
The stock exhibits above-market volatility with a beta around 1.3, increasing investment risk amidst economic uncertainties.

ING

Pros

ING has a strong European retail banking franchise with a solid capital position supporting lending growth.
It benefits from digital banking leadership in several markets, driving cost efficiencies and customer acquisition.
ING’s diversification across retail, direct banking, and wholesale banking segments balances profitability sources.

Considerations

ING faces regulatory pressure and compliance costs from changing European banking regulations.
Its exposure to European economic cycles introduces sensitivity to downturns that can impact credit quality and growth.
Competition from both traditional banks and fintechs remains intense, challenging ING’s market share expansion.

Why invest with Nemo?

🆓

Zero Commission

Trade stocks, ETFs, and more with zero commission. Keep more of your returns.

🔒

Trusted & Regulated

Part of Exinity Group 2015, serving over a million customers globally.

💰

6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

Discover More Comparisons

Scotiabank vs BNY

Scotiabank vs BNY: Stock comparison

Scotiabank vs PNC

Scotiabank vs PNC: A clear comparison

Scotiabank vs Barclays

Scotiabank vs Barclays: A stock comparison overview

Scotiabank vs ING

About The Companies

Comparison Snapshot

Why It's Moving

Bank of Nova Scotia surges to 52-week high on strong earnings and analyst upgrades.

ING Accelerates €1.1B Share Buyback, Signaling Confidence in Steady Growth.

Bank of Nova Scotia surges to 52-week high on strong earnings and analyst upgrades.

ING Accelerates €1.1B Share Buyback, Signaling Confidence in Steady Growth.

Which Baskets Do They Appear In?

Canada Domestic Champions Explained | Trade War Shield

Which Baskets Do They Appear In?

Canada Domestic Champions Explained | Trade War Shield

Investment Analysis

Scotiabank

Pros

Considerations

ING

Pros

Considerations

Why invest with Nemo?

Zero Commission

Trusted & Regulated

6% Interest on Cash

Discover More Comparisons

Scotiabank vs BNY

Scotiabank vs PNC

Scotiabank vs Barclays

Frequently asked questions

What does the price-to-earnings (P/E) ratio tell me when comparing Scotiabank and ING, and how should I interpret a higher figure like around 17?

How should I think about dividend yield versus dividend stability when evaluating these banks?

What role does beta play in assessing risk for Scotiabank and ING, and how should I interpret it here?

Why is diversification across regions and segments important when comparing these two banks?

How does a strong international presence impact long-term revenue for these stocks?

What should I consider about regulatory risk and its potential impact on dividends and profitability?

How do the business segments of each bank influence revenue stability and growth opportunities?

How might European economic cycles affect ING compared with Scotiabank?

What does it mean for an investor when a bank shows higher volatility versus a peer?

What sources of information should I consult beyond the pros list to understand these stocks better?

Is there an educational disclaimer I should keep in mind when using this page for learning?

About The Companies

Comparison Snapshot