Meanwhile, Bank of Montreal is more attractive than peers Royal Bank of Canada ( NYS: RY ) and Bank of Nova Scotia ( NYS: BNS ) on valuation grounds. Bank of Montreal has a much lower price-to-book multiple than RBC, Scotiabank, or TD, and it also has the most generous dividend payout in terms of yield. That's offset somewhat by a slightly slower growth rate, but overall, Bank of Montreal seems like the bargain of the group.