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
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