This market, the Canadian banking industry, never experienced a financial crisis due to a myriad of reasons that are beyond the scope of this article. Suffice to say; the Canadian banking system is widely considered to be a bastion of stability. The major Canadian banks, however, severely lagged the performance of the U.S. banking sector in 2016. Canadian banks returned 26% as a group, which is nothing to sneeze at, and this could mean there’s still room for growth north of the border. Here are 5 leading Canadian bank stocks to consider today...
Royal Bank of Canada (NYSE:RY) - This stock is higher by over 5% this year. Toronto-Dominion Bank (NYSE:TD) - Shares of this leading bank name are lower by just over 1% this year but the stock is trading higher by 10% in the last 52 weeks. Bank of Nova Scotia (NYSE:BNS) - This $7 billion market cap bank has inched higher by 2.3% this year. Bank of Montreal (USA) (NYSE:BMO) - Shares are trading near $73.35, higher by around 2% year-to-date. Canadian Imperial Bank of Commerce (USA) (NYSE:CM) - This regally named bank, founded in 1961 and headquartered in Toronto, is my favorite stock of the five.
Source: InvestorPlace
Related Articles:
- 5 Low-Risk, High-Yielding Dividend Stocks
- 9 Dividend Stocks For A Rainy Day
- 6 Dividend Growth Stocks With Strong Capital Appreciation
- 6 Higher Yielding Basic Materials Stocks With Growing Dividends
- 7 Dividend Growth Stocks That Could Make You Wealthy
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Stocks that offer big dividend yields are often backed by businesses that are going through rough patches and experiencing significant downt...
-
With the calendar turning over to 2019, many of the trends causing the rise in volatility aren’t stopping. To that end, making a calculated ...
-
Many dividend stocks tumbled over the past year, since conservative investors often shift from high-yielding stocks to bonds when interest r...
-
This company has become an income machine for investors over the past three decades, thanks in large part to the 132 consecutive dividends i...
-
Because we're expected to live longer than those just a generation or two removed from us, we'll need income during our retirement f...
-
If you want to find good deals this holiday season, forget the department stores. Instead, go to the stock market. Due to the lackluster per...
-
For the most part, stock market investors love the technology sector. While tech stocks were hit particularly hard during the latest market ...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
The yield is 9.07%, with 1.14X coverage in Q3 '18. EVA has a $7.4B backlog that's contracted through 2025. Management expects EBITDA...
-
Even though GDP is growing nicely, consumer spending is red hot and unemployment is low, the stocks that are outperforming are all ones we’d...
0 comments
Post a Comment
Post a Comment